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Some corporate and economy snippets for today

15 Nov 2022 , 09:21 AM

           Corporate Snippets:
  • WF Asian Reconnaissance Fund has bought 50 lakh equity shares in Policybazaar’s parent company, PB Fintech, for an average price of Rs 388 per share.
  • Apollo Tyres’ consolidated profit in the September quarter increased y-o-y by 12% to Rs 194.5 crore.
  • NBCC’s consolidated profit in  the September quarter increased y-o-y by 34% to Rs 95.5 crore.
  • Biocon’s consolidated profit in the September quarter came down y-o-y 48.8% to Rs 81.8 crore.
           Economy Snippets:
  • According to data from IDC, India’s smartphone demand in September quarter stood at 43 million units. This is the lowest number in three years.
  • Finance Minister has asked Ministries to work more actively towards meeting their targets of asset monetization.
  • India’s retail inflation in October stood at 6.77% on y-o-y basis.
  • On a month-on-month basis, inflation stood at 0.80%.
  • Whole price inflation for October stood at 8.39%.
  • Vegetable price inflation in the month stood at 7.7%.
           Results Today:   Rajesh Exports, Bhanderi Infracon, Advance Syntex, Constronics Infra, MRC Agrotech, Riddhi Steel, SSPN Finance etc.

Related Tags

  • inflation
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