Mon, Jul 1, 2024 2:05 PM
Bajaj Consumer’s Rs 166 cr-buyback: Last day to buy shares today
A Flip by Shubhangi Gupta
The Indian electric vehicle (EV) market is rapidly growing, with sales expected to cross $20 billion in the two-wheeler sector, $1.7 billion in the three-wheeler sector, and $16.5 billion in the four-wheeler sector by the end of this decade. The government is incentivizing EV manufacturers through schemes like FAME, and early-stage capital is betting on startups in the EV and battery manufacture.
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Today, shares of North Eastern Carrying Corporation Ltd gained over 15% to Rs 30 per share from its previous closing of Rs 25.94 with intraday high of Rs 30 and intraday low of Rs 25.62. The stock’s 52-week high is Rs 37.15 while its 52-week low is Rs 18.40 with a spurt in volume by more than 2 times on BSE. The stock is up by 63% from its 52-week low of Rs 18.40 per share.
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The European Union plans to impose customs duties on cheap goods from Chinese online retailers like Temu, Shein, and AliExpress by scrapping the €150 threshold for duty-free imports. This move aims to counter the surge of cheap imports, with 2 billion parcels valued under €150 arriving in the EU in 2023. The change could impact companies like Alibaba, Shein, and Temu.
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