Auto Sector

Spot gold was down the previous session and was up 0.1% at $1,945.29 per ounce. At $1,958.30, U.S. gold futures were unchanged.

Brent crude futures had dropped 27 cents, or 0.4%, to $74.01 per barrel. American West Texas Intermediate (WTI) crude was down 29 cents or 0.4% at $69.13 per barrel.

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) determined that the sale of the sports channel is not taxable in India.

Analysts of IIFL Capital Services raise their FY24-26 EPS estimates by up to 7% primarily, on the back of higher margin estimates, making us 5-13% above Bloomberg EPS consensus estimates.

Analysts of IIFL Capital Services believe that CIFC is growing new businesses prudently with well-defined underwriting and collections strategy.

Analysts of IIFL Capital Services believe Mankind’s Ebitda margins can also potentially improve to 28-30% over the mediumterm.

Cummins conducts the majority of its automotive business in India through Tata Cummins.

Petrol and Diesel prices in cities across India on 14-06-2023

CDSL is the second Indian central securities depository located in Mumbai, primarily facilitating trade settlement on stock exchanges.

Three-wheeler wholesales increased to 48,732 units in May 2022.