Coal India production rises

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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)

Fact of the day

India’s GST revenue collection rose by 12% YoY to ₹1.4 lakh crore in February 2023

Source: Economic Times