News Overview

With effect from 31 January 2022

For agriculture, the FM announced that a new scheme will be launched in PPP mode under which farmers will be provided with digital and hi-tech services.

The credit rating agency reaffirms the credit ratings of the company.

The company reported net sales of Rs 811.75 crore for the December 2021 quarter against Rs 738.86 crore for the previous corresponding quarter, reporting growth of 9.88% YoY.

Mahindra & Mahindra (M&M) said that its overall auto sales for the month of January 2022 stood at 46,804 vehicles, up 20% YoY.

Poonawalla Fincorp announced that CRISIL has assigned new ratings on companys instrument as below: Total bank loan facilities rated (Rs 2000 crore) – CRISIL AA-/Stable (assigned) Non convertible debentures (Rs 3000 crore) – CRISIL AA+/ Stable (assigned) Commercial paper (Rs 1000 crore) – CRISIL A1+ (reaffirmed) Powered by Capital Market – Live News

FM said the Customs National Portal will function with a focus on higher facilitation and with only risk-based checks.

Kansai Nerolac Paints fell 1.50% to Rs 559.35 after the companys consolidated net profit fell 37.18% to Rs 128.03 crore on 13.68% increase in net sales to Rs 1810.35 crore in Q3 December 2021 over Q3 December 2020.

Mahindra’s Farm Equipment Sector Sells 21162 Units in India during January 2022.

Sale of the utility vehicles and vans stood at 128,924 units for the period as against total sales of 139,002 units for January 2021, down by 7.25% YoY.