Auto Sector

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.

According to an exchange filing, the company has stopped work on another ongoing project.

Improved supply, which resulted in a sequential rise in retail and wholesale volumes, was credited by the corporation with this growth.

Home care experienced volume growth in the mid-single digits in particular product categories, while personal care saw growth in the low-single digits.

Lupin will produce the product at its Nagpur facility.