News Overview

For the fiscal year 2023-24, Toyota Kirloskar Motor reported record-breaking wholesales of 2,63,512 units, reflecting a remarkable 48% increase from 1,77,683 units in 2022-23.

In recent times, many stocks have surged despite promoters paring their stakes.

For the quarter ended December 2023, Globus Spirit reported a 64.8% year-on-year surge in net profit to ₹44.4 Crore, accompanied by a 16.1% YoY increase in net sales to ₹687.5 Crore.

Financially, the company has demonstrated growth, with a net profit of Rs 18.75 crore in FY23, up from Rs 17.57 crore in the previous fiscal year. Revenue also witnessed a notable increase, rising from Rs 263.3 crore in FY22 to Rs 300.3 crore.

The automaker reported that IT saw a year-over-year increase in sales of about 14% in FY 2023–2024 compared to FY 2022–2023.

The Nifty Media index surged 2%, with support from Dish TV, Zee Entertainment Enterprises, and Network 18 Media & Investments.

A news statement stated that domestic ports contributed more than 408 MMT of cargo to this figure.

Sales of three-wheelers fell to 5,279 units in March 2024 from 5,697 units in the same month the previous year.

The company received the order and related communications on March 30, stating it relates to excess input tax credit availment, interest, and penalty.

Singhal expressed his honor in taking on the role and pledged to continue driving value for stakeholders with the support of Tata International's dedicated team.