Auto Sector

Amber has gradually diversified into adjacencies to its core business through acquisitions such as PICL (motors) in 2012, ILJIN and Ever (Electronics) in 2017 and SIDWAL (mobility) in 2019.

Mgmt. expects India revenue growth of high single-digit in FY24, driven entirely by volumes. Outlook for exports from India is soft due to global slowdown.

This collaboration is expected to drive the growth of clean energy infrastructure and promote sustainable power generation in Odisha

VBL’s likely entry in Congo (200mn cases) and SA (1bn cases) open up a market over half the size of India (~2.2bn cases).

Policybazaar’s extensive use of technology and in-house risk management process help it provide superior customer profiles to its insurance partners.

If the month of May 2023 was saw FPI inflows of $5.30 billion, then the flows in the three weeks of June are at $3.73 billion.

The dollar index remained stable at 102.70.

The week to June 23, 2023 saw a rather timid performance by the Nifty after a very strong show in the previous week.

Dr Reddy's entry into the trade generics market signifies its strategic efforts to diversify its product offerings and capture a larger market share.

There were two factors that reinforced the hawkishness still implicit in the markets.