News Overview

According to the EIA, crude stockpiles were at their highest level since June. 

The company believes that compact car sales will benefit from the recovery in the two-wheeler market, which has also been declining since 2018–19.

Sterling continued to hold at $1.2530 after rising by 0.28% the day before.

Investors are now anticipating this Friday's release of the U.S. nonfarm payrolls data.

The board recommended a final dividend of 70 paise per share (35% of each share's face value of ₹2) for the fiscal year ending March 2024, it stated.

MD Abhyuday Jindal stated both projects would be operational within two years, funded mostly through internal accruals.

During the quarter, the business launched the first phase of one of India's largest varied feedstock-to-CBG plants in Barsana, Mathura, and increased its e-mobility reach to 23 states.

The deal was oversubscribed, making it the largest of its kind in India and one of the largest in the Asia Pacific region.

Ruchir Jain, Head of Distribution & Eurosport, South Asia, Warner Bros. Discovery, expressed excitement about the partnership with Tata Play Binge.

In fiscal year 2024, consolidated revenue increased by 10% year on year to ₹18,590.01 Crore, while net profit increased by 18.6% to ₹1,270.76 Crore.