Fri, Jan 17, 2025 9:59 PM
Motilal Oswal sees 30% growth for BEL stock, gives Rs 360 target
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Axis Bank's shares fell 4.4% to ₹992 after the lender posted weaker-than-expected earnings in its December quarter, driven by higher credit costs and loan book concerns. The Bank Nifty index also declined 1.5%, with most of its constituents falling, as investors remain cautious on Axis Bank's inconsistent quarterly numbers and growth prospects.
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Hindalco Industries Ltd on Friday said that it aims to replace diesel vehicles with electric vehicles across all plants in the country as part of its goal to become a net-zero carbon emission company. The company stated that it has flagged off a fleet of electric bulkers at its Aditya Aluminium plant in Odisha for supplying one million tonnes of fly ash to the cement industry in the state.
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The Reserve Bank of India’s (RBI) report released on January 17 said stickiness in food inflation warrants careful monitoring of second-order effects. “Headline inflation eased for the second successive month in December, although the stickiness in food inflation warrants careful monitoring of second-order effects,” the RBI bulletin said.
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