News Overview

Global wholesales of passenger vehicles fell by 1% year on year in the first quarter, to 1,38,682 units, according to Tata Motors.

The yen held steady at 160.91 per dollar this week, having rebounded from Wednesday's nearly 38-year low of 161.96.

As the market awaits fresh inflation data, commentary from Federal Reserve Chair Jerome Powell, and the start of the quarterly earnings season, investors are cautiously optimistic.

The company's consolidated revenue grew in high single digits despite pricing cuts in the Saffola Oils portfolio and currency headwinds in overseas markets.

Despite the recent dip, the company's shares have gained 67% in the past year, outperforming the Nifty 50's 25% gain.

The company currently faces challenges as its market capitalization has dropped to approximately $3.5 billion after regulatory actions against Paytm Payments Bank.

Indian markets displayed choppiness throughout the trading session on July 8th.

The advice to lenders, including banks and non-banks focusing on MFI loans, is in response to signs of market overheating, particularly evident in the March quarter.

Last month, the business revealed that it had won a solar and storage project contract in India. With the latest major orders from the Middle East.

The government is prioritizing the improvement of railway infrastructure, including track development, rail electrification, rolling stock manufacturing, and passenger freight services.