Shares of Sona BLW Precision Forgings rose nearly 3% following the inauguration of its new driveline plant in Manesar, Haryana. This development aims to meet growing demand and boost production capacity. The company reported a 26.7% YoY net profit increase in Q1 FY25, with revenues rising 21.8%.
Auto sales indicate slowing down in urban economy: Chetan Ahya
Chetan Ahya of Morgan Stanley discusses the current slowdown in India’s urban economy and predicts a recovery driven by increased government expenditure. He highlights signs