Auto Sector

This negative sentiment extended to the broader markets for the second consecutive session.

The project is expected to be completed within 30 months from the date of the Letter of Intent, with a target completion date of January 2026.

The primary factor contributing to the lower sales was a significant 15% drop in two-wheeler dispatches

The company sold 3,91,310 units in July 2023, compared to 4,45,580 units last year.

July sales rose 32 % year-on-year to 73,117 units.

The company's net profit increased to Rs 726 crore, up from Rs 566 crore in the year-ago period.

On FY24 growth expectations, Anup Bagchi said “If you look at month-on-month growth, our May and June were better than April. For the quarter there was a little bit of compression on the margin and the APE. So that led to a little bit of compression on VNB.”

The NCLT order had rejected IDBI Bank's plea to initiate insolvency proceedings against Zee Entertainment

EBITDA increases by 24.9 % YoY to Rs 114.3 crore

NSE Board decided to double the SGF corpus from Rs50bn to Rs100bn over the next few years. In this regard, NSE has started contributing 2% of transaction revenues (Rs2bn) to its SGF corpus, and it would also make an ad-hoc transfer to this fund (Rs14bn transferred at the end of Q1FY24).