Wed, May 1, 2024 9:59 AM
Soaring prices no bar, demand for gold rises 8% in March quarter
A Flip by Shubhangi Gupta
With all data now available, March diesel share is confirmed at 15.1% of new car sales in the region with April coming in at the same figure and unlikely to change much, with just three of the smaller markets’ figures unknown at the time of writing. The subdued BEV market continued into April and while there is growth in that segment it is modest (+8.4% YTD to April).
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The Reserve Bank of India (RBI) bought net $13.249 billion in the spot foreign exchange market in March, according to the central bank’s monthly Bulletin.The central bank in the Bulletin said that it purchased $14.841 billion and sold $1.592 billion during the period. In February, the central bank had bought a net of $8.557 billion in the spot market.
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State-owned Bharat Heavy Electricals Limited (BHEL) on May 21 reported 25 percent decline in net profit at Rs 484 crore for the quarter ended March 31, 2024. It reported net profit of Rs 645 crore in the year-ago period. The firm declared final dividend of 25 paise for equity share of Rs 2 face value for FY24.The PSU firm's revenue from operations rose marginally to Rs 8,260 crore in Q4FY24.
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