Auto Sector

Profitability likely to remain strong.

Company targets to reduce costs by Rs400/t over two years. It expects optimisation in Energy Costs, Logistics cost, and other expenses through Group synergies and efficiency capex.

JFE Steel Corporation is already a 15% shareholder in JSW Steel.

In the reporting quarter, operating revenue increased 30% year over year (YoY) to Rs 16,683 crore.

Analysts of IIFL Capital Services believe CTSH’s muted H2 guidance is a reflection of the near-term macro challenges and lower discretionary spending and corroborates with the commentary from the managements of Indian IT service companies.

Mankind Pharma's board approves the reappointment of Ramesh Juneja as chairman and Rajeev Juneja as vice-chairman and managing director.

The company has allocated 62,74,695 equity shares to anchor investors at an upper price band of Rs 741 per share, as confirmed through its exchange filing.

Spot gold was trading near its lowest level since July 12 reached in the previous session at $1,935.20 per ounce. To $1,970.90, U.S. gold futures declined by 0.2%.

U.S. West Texas Intermediate crude increased 29 cents, or 0.36%, to $79.78 a barrel and Brent crude futures increased 27 cents, or 0.32%, to $83.47 a barrel.

Union Minister announces HPCL's plan for a 370-tonne-per-annum green hydrogen plant in AP