Auto Sector

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.

Granular AQ disclosures show that it had net slippages of only 0.4% in FY23 thanks to lower gross slippages and strong recoveries.

Recommendation: Buy; Target price: Rs. 3,600

The DGFT stated that imports covered by a current India-UAE CEPA TRQ "shall be permitted freely without any import licence."