Fri, Oct 18, 2024 11:03 AM
Dividend And Stock Split: Mazagon Dock board meet on October 22
A Flip by Shubhangi Gupta
Union Road Transport and Highways Minister Nitin Gadkari on Thursday said India's logistics cost will come down to 9 per cent of GDP within the next two years as the ministry is constructing several highways and expressways. "Within two years, we are going to reduce our logistics cost to 9 per cent," he said while addressing an event organised by Niti Aayog.
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Hyundai Motor India has submitted the pre-feasibility report to take up revamping and modernisation of its facility in Tamil Nadu at an outlay of Rs 1,500 crore. The expansion at the existing facility at Irungattukottai near here would create an additional 155 new jobs and the plant size would be increased to 7.21 lakh sq metre from the current 5.40 lakh sq metre.
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Ace investor Vijay Kedia has increased his stake in auto component manufacturer Precision Camshafts Ltd. during the July-September 2024 quarter. The small-cap stock has seen a decent rally and has jumped over 26% in one week. Vijay Kedia, through his firm, Kedia Securities Pvt Ltd purchased 10,00,000 shares, representing a 1.05% stake, in Precision Camshafts during the September quarter.
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