Here are the top stories to start your day.
For more updates on F&O, click here.
⭐ Hero MotoCorp hikes two-wheeler prices
Two-wheeler major, Hero MotoCorp has raised prices of its motorcycles and scooters with immediate effect. The price revision will be up to ₹1,000 and the exact quantum of increase will vary by model and market. The price revision has been done to partially offset the impact of cost inflation.
⭐ Lupin gets USFDA approval for new drug
Multinational pharma company Lupin announced that it has received USFDA approval for diclofenac sodium topical solution. The new product will be manufactured at Lupin’s Pithampur facility. The drug had annual sales of $484 million in the US as per IQVIA data of June 2022.
⭐Pan-India toll collection set to touch new highs
As per industry reports, the pan-India toll collection is expected to touch ₹25,500 crore, up nearly 55% year-on-year in the first half of FY23. The rise in vehicular traffic on highways along with a hike in toll rates is likely to result in robust toll collection.
Global markets (at 7:30 AM today)
|SGX Nifty||▼ 0.57%|
|Nikkei 225 (Japan)||▼ 0.58%|
|Hang Seng (Hong Kong)||▼ 0.63%|
|SSE Composite (China)||▼ 0.70%|
|Dow Jones (US) (September 22)||▼ 0.35%|
|NYSE (US) (September 22)||▼ 0.46%|
|Nasdaq (US) (September 22)||▼ 1.37%|
|S&P 500 (US) (September 22)||▼ 0.84%|
Fact of the day
Apps like Whatsapp, Zoom, Skype and Google Duo, which provide calling and messaging services, may soon need a telecom licence to operate in the country.
Never miss a trading opportunity with Margin Trading Facility
Enjoy 2X leverage on over 475+ stocks