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⭐ Indian sugar trade body lowers output forecast
India’s sugar production could decline by 2.9% to 33.5 million tonnes in the current marketing season, according to the trade body All India Sugar Trade Association. The decline in production is mainly due to lower sugarcane yield in the states of Maharashtra and Karnataka because of unfavourable weather season.
⭐ Route Mobile launches new product
Route Mobile has announced the launch of a digital identity and security suite, TruSense at the Mobile World Congress. TruSense will help businesses secure digital transactions and authenticate the end user.
⭐Retail mutual funds assets base grows
Retail investors' interest in mutual funds witnessed an uptick in January 2023. As per data released by AMFI, the value of retail investors’ assets grew by 9.3% YoY to ₹23.4 lakh crore. Meanwhile, overall assets under management of the mutual fund industry rose by 4.9% to ₹40.8 lakh crore.
Global markets (at 8:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲0.01% |
| Nikkei 225 (Japan) | ▲0.43% |
| Hang Seng (Hong Kong) | ▲0.49% |
| SSE Composite (China) | ▲0.12% |
| Dow Jones (US) (February 27) | ▲ 0.22% |
| NYSE (US) (February 27) | ▲ 0.04% |
| Nasdaq (US) (February 27) | ▲ 0.63% |
| S&P 500 (US) (February 27) | ▲ 0.31% |
Fact of the day
Tata Group has bagged title sponsorship rights of the inaugural Women Premier League (WPL).
Source: Business Today
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