Reliance Power’s stock hits 5 pc lower circuit after SECI ban

IANS | November 8, 2024 6:21 PM

Mumbai, Nov 8 (IANS) Shares of Anil Ambani-led Reliance Power on Friday hit the lower circuit of 5 per cent at Rs 41.58 after the Solar Energy Corporation of India (SECI) debarred the company from floating any tender for the next three years for allegedly submitting fake documents.

Ola Electric's net loss surges 43 pc in Q2, revenue slumps 26 pc

IANS | November 8, 2024 6:12 PM

New Delhi, Nov 8 (IANS) Bhavish Aggarwal-run Ola Electric on Friday reported a huge 43 per cent surge in net loss at Rs 495 crore in the July-September period (Q2 FY25), from Rs 347 crore in the previous quarter (Q1 FY25), as the EV firm remained mired in issues related to service quality across the country.

Rural markets stay ahead of urban centres in growth for FMCG goods: NielsenIQ

IANS | November 8, 2024 12:59 PM

New Delhi, Nov 8 (IANS) India's fast-moving consumer goods (FMCG) sector grew 5.7 per cent by value and 4.1 per cent by volume in the July-September quarter driven by rural demand which grew faster than urban markets for the third consecutive quarter, according to the latest report by consumer intelligence firm NielsenIQ.

E-way bills for goods soar to record high as trade surges in Oct

IANS | November 8, 2024 11:46 AM

New Delhi, Nov 8 (IANS) The e-way bill generation for the transportation of goods from production centres to markets across the country soared to a record high of 11.7 crore during October, representing a 17 per cent jump over the same month of the previous year, data from the Goods and Services Tax Network (GSTN) showed.