News Overview

Companies having exposure to discretionary products consumed by low-income consumers are likely to benefit, should this trend plays out. FMCG companies are likely to witness margin expansion too as Crude price eases.

Hyderabad-based Gland specializes in injectable drugs such as antibiotics, oncology and cardiology treatments.

The aggregate purchase order cost is Rs1.35 crore.

In terms of sectoral indices, on NSE, the banking index climbed more than 130 points followed by IT, Auto metal on upside with marginal gains.

10g of 22-carat gold was trading at Rs 49,800 today

The company has received orders for T&D projects in India, SAARC, the Middle East, and the Americas.

The CPI inflation (retail inflation) for November 2022 came in sharply lower at 5.88%. That is about 50 bps lower than the Bloomberg consensus, which had pegged CPI inflation for November at around 6.32%.

The latest IIP figure for October 2022 (IIP is announced with 1-month lag) marked a sharp fall into negative as IIP for the month dipped to -4.0%. In August 2022, the IIP reporting had been at (-0.68%); the first negative IIP figure after 17 consecutive months of positive IIP.

Godrej and Boyce Manufacturing Company Limited ("G&B") has bought 0.65 Acres (approx.) situated at Ambattur, Tamil Nadu.

The Company is taking adequate steps to restore the operations before this week.