Shares of Sona BLW Precision Forgings rallied 10 percent to Rs 707 in early trade on October 24 after the company reported a robust set of numbers in the second quarter, and announced a signing pact with Escorts Kubota to acquire its railway equipment division.During the quarter, the auto components maker reported a 16 percent year-on-year increase in consolidated profit after tax (PAT), reaching ...

Shares of Sona BLW Precision Forgings Ltd (Sona Comstar) were off to a solid start on the bourses, rising 3 percent to Rs 650 on October 22 after the company announced it has inaugurated a new plant in Manesar, Haryana, dedicated to its driveline business.The facility, located in the Industrial Estate at IMT Manesar, is the company's second plant in the region, and production began on the same day...

Tesla chief Elon Musk will be on a two-day visit to India over the weekend, on April 21 and 22. The billionaire is scheduled to meet Prime Minister Narendra Modi and is also expected to announce some major decisions regarding Tesla and his Starlink internet service.Senior Tesla executives reportedly held a meeting with the Rajasthan government recently. Rajasthan is the latest in a growing list of...

Musk will be visiting India to meet PM Modi later in April and will likely announce plans to invest and open a new factory in the country, according to reportsShares of several auto ancillary companies including Sandhar Tech and Sona BLW Precision surged up to 7 percent on April 12 after Tesla CEO Elon Musk announced his India visit. In a post on the X platform on April 10, Musk said that he is lo...

India equity markets are likely to open lower on Friday amid mixed global cues. Early trends on SGX Nifty hinted at a negative start for benchmark indices BSE Sensex and NSE Nifty 50. Nifty futures were trading 45.5 points, or 0.25% lower at 17,958.5 on the Singapore Exchange, ahead of today’s session. “The earnings season is over but festive season is about to begin which is expected to be no...