News Overview

Leading the losses on the Nifty were Hero MotoCorp, HCL Technologies, Kotak Mahindra Bank, ICICI Bank, and SBI Life Insurance, while notable gainers included Tata Consumers Products, M&M, BPCL, Bajaj Auto, and Adani Ports.

According to George Kovoor, Senior Vice President, Beverages at PepsiCo India, the new establishment would be the company's second flavour manufacturing plant in India.

The contracts mandate completion within 12 months, with an additional 25-year operation and maintenance period from the commercial operation date for each project.

The new subsidiary will have an initial paid-up capital of ₹5 Crore, with a potential further investment of up to ₹250 Crore in one or more tranches, subject to board decisions.

As India progresses towards the critical phase of global polio eradication, this collaboration is poised to contribute significantly to the endeavor of creating a polio-free world.

Despite this setback, IREDA shares have surged by 150% over the past six months, outperforming the benchmark Nifty 50 index, which recorded gains of around 15% during the same period.

Two-wheeler sales saw a significant rise of 27%, reaching 3,13,885 units compared to 2,47,002 units YoY.

According to the state-owned miner, it has achieved its best-ever annual physical performance, surpassing 45 MT, making it the first mining business in the nation.

IT, Financial Services, Healthcare, and Pharma sectors experienced declines of 0.60%, 0.16%, 0.17%, and 0.04%, respectively.

In Q3, the company reported a consolidated net profit of ₹135 Crore for the quarter ending December 2023, a 61% YoY increase from the previous fiscal's ₹84 Crore.