X

Automaker reports mixed bags sales

Good morning!

Here are the top stories to start your day.


For more updates on F&O, click here.


Automaker reports mixed bags sales

Maruti Suzuki’s domestic passenger vehicle (PV) sales declined by 5.7% to 1.4 lakh units in April. The company said the shortage of electronic components had some impact on the production of vehicles. Meanwhile, Tata Motors’ PV sales rose 13% YoY to 47,107 units.

⭐ Ahluwalia Contracts bags new order

Infrastructure firm has secured a new order worth ₹2,450 crore to redevelop Chhatrapati Shivaji Maharaj Terminus (CSMT) in Mumbai. This new order comes from the Rail Land Development Authority. Meanwhile, the company’s order inflow for FY24 stands at ₹3,006 crore.

⭐ Central Bank Q4: profit rise, NPA fall

The state-owned lender, Central Bank of India, saw its March quarter net profit rise 84% YoY to ₹571 crore. Its net interest income increased by over 45% YoY to ₹3,513 crore. The gross non-performing assets or bad loans declined substantially by 640 (6.4%) basis points to 8.44%.


Global markets (at 8:30 AM today)

Indices Today's movement
SGX Nifty ▼ 0.17%
Nikkei 225 (Japan) ▼ 0.06%
Hang Seng (Hong Kong) ▼ 0.55%
SSE Composite (China) 1.13%
Dow Jones (US) (May 01) ▼ 0.14%
NYSE (US) (May 01) 0.09%
Nasdaq (US) May 01) ▼ 0.11%
S&P 500 (US) (May 01) ▼ 0.04%

Fact of the day

Gross GST revenue collection rose 12% YoY in April 2023 to 1.87 lakh crore.

Source: Economic Times
Categories: Morning Update