News Overview

In the September quarter, HUL spent Rs 1,720 crore on advertising and promotion costs, a 65% increase over the previous year.

Between June 15 and June 23, the USFDA conducted an examination and discovered issues with the company's Pithampur, Indore, and Ratlam facilities.

Recommendation: Add; Target Price: Rs 1150

In the second quarter, the company's sales bookings exceeded Rs 2,228 crore, with gross margins standing at 57%. It added that throughout the quarter, it became net cash positive.

Recommendation: Add; Target Price: Rs 200

The entire revenue of the renewable power company increased by 54% year over year to Rs 2,589 crore in Q2FY24 from Rs 1,107 crore in the same period the previous year.

In Sri Lanka, the LIOC controls around 20% of the motor gasoline market.

According to Marico's regulatory filing, the company recorded a 13% constant currency rise in the foreign business and a 3% underlying volume growth in the domestic business.

Tata Motors was given 1,000 acres of farmland by the West Bengal government to develop a manufacturing factory.

The Indian government has expressed concerns about using Chinese yuan for settling payments related to Russian oil