Automakers assist in boosting Indian shares in 2022

10 Jan 2022 CW Team

Indian shares surged approximately 1% after closing out 2021 with their best yearly growth in four years, led by auto stocks on the back of robust monthly sales data amid an increase in Covid-19 cases.

The NSE Nifty 50 index advanced 0.92% to 17,513.70 by 0458 GMT, while the benchmark S&P BSE Sensex increased 0.98% to 58,823.26. Auto stocks led the gains, with the Nifty auto index jumping to a three-week high.

Maruti Suzuki, the nation's biggest carmaker, increased 2.9% after registering its highest ever monthly export sales in December.

Tata Motors rose 3.6% after listing a 26% boost in total domestic sales. Eicher Motors increased 3.5% as domestic sales of its commercial vehicles surged 27.6%. Markets have opened higher, taking forward the momentum witnessed in the strong closing on Friday, Deepak Jasani, head of retail research, HDFC Securities, told the media.

Indian shares are probably increased in expectation of fresh inflows from foreign institutional investors, most of whom are still on holiday. Daily coronavirus cases surged for a sixth straight day as the nation witnessed a fresh wave of infections during the holiday weekend.

India observed 33,750 new Covid-19 cases in the last 24 hours, the highest since September 18, health ministry data revealed.

Image Source

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..