Auto Sector

This project expected to offset 46,628.56 tonnes of carbon emissions over its lifetime

Sequential improvement, but discretionary spend remains muted.

Analysts at IIFL Capital Services visited Hindalco’s Hirakud and Aditya plants (Smelter, CPP, FRP) where established processed and gains from backward integration are being augmented through automation and digitalization initiatives.

Analysts at IIFL Capital Services were expecting some action to counter the deluge of flows in bond markets, given the sovereign bond inclusion next year. However, the announcement on OMO sales now, was surprising.

According to the GST Authority, as reinsurance commission is included in the company's revenue reported in its books of accounts, GST is due on that amount.

Swan received a second 45-day extension from NCLT on August 1 that concluded on September 14.

SUV sales peaked in September at up to 52% of the 363,733 passenger vehicles sold—a record for a single month—increasing their market share from around 43.6% in September 2022.

The yen increased more than 0.3% to 157.55 against the euro, while the Australian dollar decreased over 0.7% at one stage to reach a session low of 94.84 yen.

Brent crude was up $4.18, or 4.94%, to $88.76 per barrel, while U.S. West Texas Intermediate crude was up $4.23, or 5.11%, to $87.02 per barrel.

Spot gold increased 1% to $1,850.87 per ounce after reaching a record high over the past week. American gold futures increased 1.1% to $1,865.20 for an ounce.