SLMG Beverages, a bottling partner of Coca-Cola India, has inaugurated a new facility in Amethi, Uttar Pradesh. The plant, with an investment of Rs 700 crore, will create employment opportunities and produce beverages in various categories. It is expected to play a key role in meeting the growing demand for Coca-Cola products in Uttar Pradesh, Uttarakhand, Bihar, and Madhya Pradesh. India is the fifth largest market for Coca-Cola.
Shares of Tata Motors rose as much as 2% in early trade on Tuesday after being awarded 7.66 billion rupees ($92.00 million) as compensation for its investment in the Singur plant in West Bengal. The company had to shift its manufacturing facility from Singur to Sanand in 2008 due to a land dispute.
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India’s asset managers are in discussions to launch a new mutual fund product with relaxed risk management norms but requiring a minimum investment amount, a mutual fund industry body said on Friday.
In the world of stock trading, the Relative Strength Index (RSI) is a crucial technical indicator for making informed decisions. RSI measures the momentum of a stock’s price movement and helps identify overbought and oversold conditions. This article delves into the significance of RSI and highlights five stocks – including Hitachi Energy and PCBL – that have recently exhibited bearish RSI trends.
Chennai-based investor Dolly Khanna has trimmed her stake in 8 smallcap stocks in the second quarter. Khanna, known for her successful lesser-known stock picks, has been investing in the market since 1996. The ace investor currently holds publicly 18 stocks worth over Rs 382.9 crore. The article provides a list of the stocks which she has trimmed her stake in.
The Arunachal Pradesh cabinet has approved several amendments and policies to attract investment and promote economic development in the state. The amendments to the State Industrial and Investment Policy aim to create a favorable environment for investment by providing infrastructure, skills development, and employment opportunities.
The Uttarakhand Government delegation signed investment MoUs worth Rs 3550 crore with various industrial groups in Abu Dhabi. Chief Minister Dhami invited industrial houses for the upcoming Uttarakhand Global Investor Summit in Dehradun. Investment MoUs worth Rs 15,475 crore have been signed in the UAE in total. The Chief Minister also participated in a program organized by the Institute of Chartered Accountants of India (ICAI) in Abu Dhabi.
Fixed asset investment platform, Tap Invest, has announced securing $2 million in funding.
Money managers of various small-cap mutual fund schemes have increased the number of stocks in their portfolios as continued flows into the product and rich share valuations have forced them to broaden their holdings.
