Auto Sector

The company has fixed the price band at Rs 133 to Rs 140 per equity share

The company stated in a regulatory filing that it had received an income tax assessment order/demand order for the financial year 2019–20 (assessment year 2020–21) with a tax demand and interest.

On 28th September 2023, the United States Bureau of Economic Analysis (BEA) announced the third and final estimate of US GDP for the June quarter (Q2-2023).

Although L&T withheld the precise amount of the order win, it classifies an order as "mega" when its worth exceeds Rs 7,000 crore.

The appointment of Amit Jhingran as the business's MD and CEO with effect from October 1, 2023, was authorized by the Board of Directors at its meeting on September 28th

The deal will be carried out through a wholly-owned subsidiary called Sun Pharma (Netherlands) B.V., the company said, adding that it would "enable Sun Pharma to acquire the balance 25% stake held by the local partner."

Analysts of IIFL Capital Services believe ACN’s Q4 results and soft FY24 organic growth outlook of 0-3% CC YoY, combined with the sharp decline in Managed Services bookings highlight the lack of tailwinds in the near-term demand environment.

Between December 1998 to March 2009, he served as the organization's vice chairman and managing director.

New schemes launches, steady increase in assets and money coming into passive schemes highlights the growing attractiveness and popularity of passive investing in India.

Brent December futures were down 10 cents, trading at $93.00 a barrel. West Texas Intermediate (WTI) crude for the United States dropped 8 cents to $91.63 a barrel.