News Overview

The week saw crude oil crossing $91/bbl and gold at all-time highs once again.

An estimated 67 lakh shares, or 0.3% of the company's equity, were traded at an average price of ₹1,361 each. The deal's floor price was more than 1% less than the closing price.

The Sensex surged by 555.61 points or 0.75% to 74,803.83, while the Nifty climbed 167.20 points or 0.74% to 22,680.90.

Hyundai Motor and Kia aim to localize EV battery production, focusing on lithium-iron-phosphate (LFP) cells to align with their EV plans for the Indian market.

The proposed structure's major business segments will be broadcast, digital, movies, and music, with each sector focused on using synergies to improve content development capabilities and promote revenue growth.

In 2023, MG Motor India was given new life when the Sajjan Jindal-led JSW Group acquired over 33% of the business.

The real estate arm, 99acres, saw a significant increase in billings by 26.42% to ₹131.1 Crore, compared to ₹103.7 Crore in the corresponding quarter last year.

Titan's eyecare revenue, albeit down 1% from the prior year, represents a consistent five-year CAGR of 5%, comparable to Q3. Emerging enterprises expanded by 24% year on year, with Caratlane sales increasing by 30%.

The company is raising ₹100 crore from the issue at a price of ₹1000 each. Investors need to apply for a minimum of 10 NCDs in a lot. The company has received rating of CRISIL AA-/Stable.

The company added that robust offtake from important categories like beauty and skin care, as well as good volume growth, were the results of strong consumer demand.