Auto Sector

Meanwhile, the non-banking financial arm of Federal Bank, Fedbank Financial Services Ltd (FedFina), plans to raise funds through an IPO.

The company has not yet finalized the size, pricing, and tenor.

The new wind project adds 115 MW to Torrent Power's installed renewable capacity, bringing it to 1.18 GW.

Brent futures were down 14 cents, or 0.2%, to $79.32 per barrel, while WTI crude for the United States was down 15 cents to $75.20 per barrel.

The appointment will be valid from the date of assumption of office until his superannuation on December 31, 2025, or until further orders are issued

5G handsets rose from 31% as of proportion of total smartphone shipments in Q1-2022 to 45% in Q1-2023.

Amid continued weakness in Chinese real estate with new starts down ~30% in Jun-23, and industrial activity moderating after a spike, steel production at 91mt and exports at 7.5mt in Jun-23 continue to impact steel prices and profitability.

Local currency opens at 82.02 per dollar, compared to the previous day's closing rate 82.09.

According to reports, HCL plans to submit a standard operating procedure (SOP) application as part of the $10 billion semiconductor incentive programme.

Sultan held a number of executive jobs before being hired at SPT Consultants, Micron Technology, Memory Technology Middle East, and DTK Computers.