Photo: Business World
Sonalika Tractors Logs Highest Domestic Growth In Industry
Tractor manufacturing giant Sonalika tractors reported sharp growth in their annual sales after selling 1,39,526 units in the FY21 with a 41.6% growth in the domestic market. Reportedly, about 13,093 tractors were sold in March 2021 which is triple the number sold in March 2020, registering a 135% growth in their Rotavator business. Elated by the success, Deepak Mittal, MD, Sonalika Group thanked his team and distributors.
Tags: CNG Tractor, FISCAL YEAR, net profit, bussiness
Courtesy: NDTV
Photo: Twitter/TheOfficialSBI
SBI Report Indicates GDP Contraction by 16.5% in April-June Quarter
State Bank of India's research report Ecowrap on August 17 indicated that the country's economic growth is likely to contract by 16.5% in June quarter. The report stated around 1,000 listed companies have announced their results so far, which showed that revenues and profits have plunged more than 25% and 55% respectively. The report also opined that, albeit rural economy shows recovery, it may not support GDP as a whole.
Tags: INDIS'S GDP, SBI, FISCAL YEAR, REVENUE DECLINE, RURAL RECOVERY
Courtesy: NDTV
