News Overview

Ashok Leyland has been awarded contracts for the procurement of the Field Artillery Tractor (FAT 4x4) and the Gun Towing Vehicle (GTV 6x6) in the defence sector.

This project, executed in collaboration with Sri Lanka Railways, aims to enhance the efficiency and reliability of the railway infrastructure.

The company has proposed an investment of Rs 4067.27 crore for the implementation of advanced metering infrastructure projects.

As motorcycle manufacturers observe significant value and volume growth in this category, which sold over 800,000 units in FY23, competition in the 250cc-plus bike market is escalating.

Nifty Bank and Financial Services indices are under pressure.

The Indian steelmaker is in talks with banks about potential financing.

In our NFO Pick section, this week we have picked a hybrid scheme.

Spot gold was down 0.1% at $1,952.58 per ounce. To $1,957.20, U.S. gold futures were down 0.4%.

Investors are anticipating the announcement of the drugmaker's quarterly results on July 26.

The euro hovered just below that top at $1.1228 after rising 2.4% last week to a 16-month high. The yen maintained steady at 138.69 per dollar last week, rising 2.4% overall.