Hawkish commentary by the US Fed chairman and concern of troubles at US Silicon Valley-based lender SVB Financial Group pulled down Indian bourses nearly 700 points to close Sensex below at 60k level. Broad base selling was seen in the market in line with weak trends globally. Heavy selling was seen in financial, banking, IT, realty and capital goods shares triggered by weak Asian, US and European...

Cummins Inc on Tuesday announced an open offer to acquire a 26% stake in auto component company Automotive Axles, which is a joint venture of Kalyani Group and US-based Meritor, with each entity owning 35.52% stake in the company. Cummins said it would acquire up to 39.29 lakh fully paid-up equity shares with a face value of `10. The open offer price has been fixed at `1,504.43 per share. This w...

Cummins India Ltd is poised to enjoy a slew of benefits from the rising pace of decarbonization. According to analysts at Kotak Institutional Equities, the shift towards stringent emission standards will add to the growth impetus from infrastructure asset creation for Cummins India."Decarbonization has direct and indirect benefits for Cummins’ product and services businesses. It will enable Cumm...

MUMBAI: Shares of Cummins India Ltd fell nearly 6% on the National Stock Exchange in opening deals on Thursday, reacting to the company's disappointing Q4FY21 earnings. It missed estimates on key earnings parameters of revenue growth and operating margins. Sales at Rs1,246 crore was 12?low consensus estimates on weaker exports. Exports at Rs255 crore and domestic sales at Rs976crore were also lowe...