Mutual fund ownership in the company plateaued at 25% from September to February, a sign that investor interest may be stagnating rather than gaining momentum, according to data compiled by Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research. This was a slight uptick from August, when mutual funds held a 24% stake in Go…
Passenger vehicle sales in February held their head above water, but only just. Wholesale dispatches for the month climbed 1.9% from a year earlies to 377,689 units, according to data put out by the Society of Indian Automobile Manufacturers (SIAM) on Thursday. Factory dispatches to dealerships of three-wheelers also rose 4.7% but for two-wheelers, they…
The Indian information technology (IT) sector has been trying to make a meaningful comeback for a while. The good news is there’s some respite on the horizon at last. The Indian rupee is depreciating against the US dollar and other developed-market currencies, hurt by the ongoing turmoil in global markets. The rupee hit an all-time…
