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Here are the top stories to start your day.
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⭐ Ambuja Cement Q3 profit rises
In the December quarter, the cement manufacturer’s net profit rose 13% YoY to ₹488 crore. In the same period, the revenue also rose 4% to ₹8,036 crore. The management said that the cement sector witnessed higher production and capacity utilisation on account of the pickup in demand.
⭐ Hero Motocorp Q3 profit rises
The two-wheeler maker’s rose 3.6% YoY to ₹711 crore in Q3FY23. The revenue also grew 1.9% to ₹8,031 crore. The management expects the company to continue recovering market share, backed by launches over the next few quarters, especially in the premium segment.
⭐ CAMS Q3 profit falls
India’s largest registrar and transfer agent of mutual funds reported a net profit of ₹73 crore, down 4.6% YoY. In the same period, the revenue rose 2.5% YoY to ₹243 crore. Its asset under management (AUM) scaled to record high at ₹27.8 lakh crore on the back of growth in equity AUM.
Global markets (at 9:15 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.91% |
| Nikkei 225 (Japan) | ▼ 0.40% |
| Hang Seng (Hong Kong) | ▲ 0.27% |
| SSE Composite (China) | ▼ 0.05% |
| Dow Jones (US) (February 07) | ▲ 0.78% |
| NYSE (US) (February 07) | ▲ 0.61% |
| Nasdaq (US) (February 07) | ▲ 1.90% |
| S&P 500 (US) (February 07) | ▲ 1.29% |
Fact of the day
India was the largest sugar producer in the 2021-22 sugar season, with a production of 5,000 lakh metric tonnes.