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⭐ Coal India production rises
State-owned Coal India reported a 14.3% growth in production at 619.7 million tonnes (MT) in the April-February period of the current fiscal. As per management, the company is on its way to breaching the FY23 production target of 700 MTs.
⭐ 2-wheeler sales: a mixed bag
In February, Bajaj Auto’s total two-wheelers sales declined by 16% YoY to 2.3 lakh units. Meanwhile, total sales of TVS Motor were flat compared to last year at 2.6 lakh units. Royal Enfield maker, Eicher Motors, reported a 21% YoY increase in sales to 71,544 units.
⭐ PVR plans to add more screens
Cinema chain operator PVR plans to invest ₹500 crore in expanding its screen portfolio in the next financial year. As per management, the company aims to add 150-175 screens annually over the next three years, focusing mainly on tier 2 / 3 cities.
Global markets (at 8:45 AM today)
| Indices | Today’s movement |
| SGX Nifty | ▼ 0.27% |
| Nikkei 225 (Japan) | ▼ 0.08% |
| Hang Seng (Hong Kong) | ▼ 0.77% |
| SSE Composite (China) | ▲0.14% |
| Dow Jones (US) (March 01) | ▲0.02% |
| NYSE (US) (March 01) | ▼ 0.25% |
| Nasdaq (US) (March 01) | ▼ 0.66% |
| S&P 500 (US) (March 01) | ▼ 0.47% |
Fact of the day
India’s GST revenue collection rose by 12% YoY to ₹1.4 lakh crore in February 2023
Source: Economic Times
