Auto Sector

In his resignation letter, Samdani expressed gratitude for the trust placed in him and the opportunity to contribute to the growth of the bank.

The dollar index, which compares the value of the dollar to a basket of six important currencies, including the euro and the yen, fluctuated between 103.75 and 102.75 since early June.

Petrol and Diesel prices in cities across India on 05-07-2023

Motherson would buy 81% stake in Yachiyo (4W business); Honda retains 19%.

Bajaj Auto intends to keep the price of these motorcycles under Rs 3 lakh

In addition, he said that India has overtaken Japan in the global race to produce automobiles, coming in third behind China and the US.

Ideas to emerge from the conference are Meghmani Finechem (contribution from downstream and value added products rising) and Gujarat Ambuja Exports

JIO’s move suggests continued competitive intensity, it does not incrementally worsen the tariff hike outlook since most of the Street (including us) was not factoring in a direct tariff hike in FY24.

Analysts of IIFL Capital Services expect revenue estimates to be cut during FY24, but its impact offset by margin benefits.

The RBI brings out the Financial Stability Report (FSR) twice a year; in June and in December.