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Thiruvananthapuram: After taking over the distribution of e-autos of Kerala Government's public sector undertaking, Kerala Automobiles Limited, Arenq has started distribution centers all over India. This partnership equips KAL with batteries, m
On Monday, 2209 stocks advanced, 1470 declined and 199 remained unchanged, with an advance decline ratio of 1.50 on the Bombay Stock Exchange (BSE), indicating a positive closing of stocks in broader markets. Markets opened the week with a gain of more than 0.5%, following encouraging global signs. Beaten-down sectors of the previous sessions, such as IT, metals, power, and oil & gas stocks, performed well while a strong buoyancy in Asian and European indices boosted the local market confidence.
On Wednesday, 1176 stocks advanced, 2428 declined and 134 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 0.48 indicating a negative closing of stocks in broader markets. Following Fitch Ratings' downgrading of the United States' sovereign credit rating from AAA to +AA, markets around the world, including Indian Equities, came under pressure. India's VIX surged 10% indicating market volatility. Additionally, poor economic data from China, the Eurozone, and the United States lowered investor confidence. Markets may continue to be muted.
Thiruvananthapuram: Kerala Automobiles Limited (KAL), a state-owned company, is set to embark on a new chapter of growth with the aid of Pune-based battery company, Arenq, which signed an MoU with KAL in January. As part of the collaboration, Arenq w