Auto Sector

The investigational oral drug is intended for adults with moderate to severe alopecia areata.

On the liquidity front the withdrawal of the ICRR of 10% which impounded about Rs 1 lakh crore from the system will help boost consumer spending especially in the festive season.

Edible oil segment saw 5% volume growth YoY but a 19% value growth decline in Q2 FY24.

The business claimed that it is examining the DoT's notification before determining its next line of action.

The 6-member MPC has now decided to keep the main interest rates unchanged on four separate occasions.

According to its exchange statement, "the company entered into agreements to acquire minority stakes in entities, which are non-material investments in related areas."

The RBI Monetary Policy for October 2023 decided to maintain status quo on repo rates at 6.5% and also maintained the stance as “withdrawal of accommodation”. The focus was a lot more on liquidity management; but inflation and GDP growth projections were held as in the August policy.

While the central bank opted not to make changes to its policy rates, Governor Shaktikanta Das did highlight the global headwinds that pose risks to the overall macroeconomic outlook.

The central bank also kept its growth and inflation forecast unchanged for FY24 continuing to sound cautious on inflationary risks.

Policy unchanged, guidance hawkish.