Auto Sector

The company is raising Rs 400 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.

Domestic two-wheeler sales increased by 7% in August 2023.

Cashflow conversion (FCF/PAT ex-acquisition) showed consistency by delivering above 100% for the third straight year and remaining above the large-cap peers.

The industry needs improvement from current levels to achieve analysts of IIFL Capital Services FY24 industry estimate of ~400k (+12% YoY).

Analysts of IIFL Capital Services see these moderating as exports from China pick up. LNG prices are relatively stable (EU storage full).

Furthermore, M&HCV bus sales increased by 110%.

In the past, Tata Steel has issued warnings about the possibility of considering site closure in the absence of government assistance.

With effect from September 1, 2023, Biocon Generics Inc. has bought Eywa's Cranbury factory, according to a statement from the Bengaluru-based business.

Passenger electric car sales, including international markets, increased by 54.95%.

According to the CME FedWatch tool, markets are pricing in a 93% chance of the Fed keeping interest rates unchanged this month and a 60% chance that there won't be any more increases this year.