Auto Sector

Working capital days in FY23 reduced to 73 from 83 in FY22 due to lower inventory days which saw a spike in FY22 due to up stocking prior to Akshaya Tritya.

The CPI increased by 0.2% in June after nudging up by 0.1% in May, the Labour Department reported on Wednesday.

Analysts of IIFL Capital Services also do not see material changes to the existing strategy with the new CEO taking over since Jan 2023.

The newly acquired orders primarily focus on Sterlite Power's solutions business, which includes products and specialized EPC services

The local currency began trading at 81.95 against the dollar, compared to the previous day's close of 82.24

The injection will be carried out via preferential subscription to equity shares or convertible securities.

The ban was imposed as these stocks exceeded 95% of the MWPL, according to the NSE.

The domestic business grew 6.2% (5.5% excl. exports) driven by Foods, Home care and Digestives segments clocking double-digit growth.

For the fourth consecutive month, the consumer price index (CPI)-based inflation stayed within the Reserve Bank of India's (RBI) tolerance range of 2–6%.

Hindalco aims to focus on its core businesses and reduce its debt through the sale.