Weekly Report: Indian Markets fallen close to 2%, Auto stocks are gain, while IT, media stocks are down.

The Indian equity benchmark indices are down nearly 2 percent in a highly volatile week ended April 22. The mixed earnings by corporates, rising bond yields, Russia-Ukraine crisis, high inflation and expectation of aggressive rate hike by the U.S. Fed in May dampened the investor’s view. For the week, Nifty50 fallen 303.65 points (1.73%) to end…

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Ashok Leyland Signs deal with MFCW makes an entry into used CV Business

Hinduja group flagship Ashok Leyland has signed an agreement with Mahindra First Choice Wheels (MFCW), a leading player in the used vehicle segment, to launch an exclusive hybrid ecosystem for it’s used Commercial Vehicle (CV) business. This Phygital platform will facilitate exchange, proper disposal and purchase of old Commercial Vehicles. With an entry into this…

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