News Overview

Earlier this year, Hyundai acquired a former Chevrolet plant in western Maharashtra state, as part of its strategy to ramp up production to meet the 1 million-unit target.

Market outlook for the next week (29-Apr to 03-May)

India's third-largest software and information technology (IT) service provider reported a 7.1% growth in revenue from operations to ₹28,499 Crore.

After robust NFO collections in FY22; the NFO story of FY23 and FY24 has been relatively modest

ATC Telecom Infrastructure had a 2.87% investment in VI after converting debentures into equity.

Advent's investment will be made through compulsory convertible instruments in two tranches, securing a 12.1% stake in the merged entity

The company's total revenues for FY24 amounted to ₹1,314.2 Crore, slightly down by one% from ₹1,327.7 Crore in FY23.

For the entire fiscal year, the company's standalone net profit increased by more than 64% to ₹13,209 Crore.

The Mahindra XUV 3XO, which combines performance and cutting-edge technology, is expected to have an impact on the small SUV market.

HUL saw a 6% decline in net profit for the March quarter, despite a 6% increase in revenue.