Auto Sector

PWGR commissioned Rs6.5bn worth of projects and incurred capex of Rs9.4bn in Q1FY24 vs Rs13.3bn and Rs7.6bn YoY, respectively on a standalone basis.

The A321 aircraft became popular among airlines because it allowed them to carry more people without investing in additional A320 pilot training.

On fixed broadband sub adds, JIO sustained its pace, which is 2x of Bharti Based on TRAI subscriber data, analysts of IIFL Capital Services maintain their est. of 3.3% QoQ mobile revenue growth for Bharti.

Tata’s market share stood at ~14% in Jul’23, similar to FY23. M&M’s UV volumes jumped to 36k, higher than the recent months at 34k.

Four new restaurant brands, Hakkasan, Yauatcha, Nara Thai, and CinCin, have been added to ABNAH's portfolio.

EVs increased 104% year-on-year in the first quarter.

Spot gold was up 0.2% at $1,948.43 per ounce, while US gold futures were up 0.3% at $1,985.60.

Brent crude futures were up 92 cents, or 1.1%, to $85.83 a barrel, while West Texas Intermediate crude was up 84 cents, or 1.03%, to $82.21 a barrel.

According to the minister, the country has the fastest growing renewable energy capacity and is on track to become one of the top solar module manufacturers.

The ban was imposed because these securities crossed 95% of the MWPL, as reported by the NSE