Auto Sector

Adani Green has set a target to achieve a 45 GW portfolio by 2030, demonstrating its commitment to substantial renewable energy expansion.

The buyback resulted in the elimination of 4.91% of Wipro's shares.

The gold and diamond jewellery seller company, Senco Gold, has set the price range for its initial public offering (IPO) at Rs 301 to Rs 317 per equity share.

Zydus argued that 'Gluco-D' visually and phonetically resembled 'Glucon-D,' with only an 'N' being omitted, and even the hyphen was replicated

This agreement marks the debut of the first high-end motorcycle in collaboration of Hero MotoCorp and Harley Davidson.

The company has set the price band for its proposed initial public offer at Rs 140 to Rs 148 per equity share. Investors have the option to bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter.

With price erosion expected to hold steady at high single-digits and Alembic targeting 60 70 new product launches from the US plants, mgmt is hopeful of achieving its earlier US revenue target of USD400mn in FY26/27 (vs USD200mn reported in FY23).

In June, China imported 1.6 mbd of seaborne Russian oil, an increase of 12% over May, and Europe purchased 0.42 mbd, a 28% increase over May.

Analysts of IIFL Capital Services expect Zydus’ US sales to grow 10% cc in FY24 driven by scale up in Revlimid from USD70m in FY23 to USD160m in FY24

Reversal of pre-buy impact in Jan-Mar (related to BS-VI Phase 2) had led to weak volumes in Apr-May. LCV industry declined 3% YoY, which is a continuation of weak trend in recent months.