Good morning!
Here are the top stories to start your day.
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⭐ Jaguar Land Rover retail sales fall
Tata Motors-owned Jaguar Land Rover reported a fall of 4.9% year-on-year (YoY) in retail sales at 88,121 units in Q2FY23 as compared to retail sales of 92,710 in Q2FY22. Meanwhile, the total order book has grown to 2.05 lakh units in September 2022, up around 5,000 orders from 30 June.
⭐ Bandhan Bank loans, advances rise
Private sector lender Bandhan Bank has reported a jump of 22% YoY in loans and advances at ₹99,374 crore in the September quarter. The bank’s total deposits also rose by 21% YoY to ₹99,365 crore. Of this, retail deposits were ₹73,660 crore, up by 7% YoY.
⭐ Tracxn Technologies raises funds from anchor investors
Tracxn Technologies has raised just over ₹139 crore from anchor investors ahead of its IPO. The company’s IPO will be entirely an offer for sale of 3.86 crore equity shares by promoters and investors. The issue will open for subscription on 10 October and will close on 12 October. The price band is set at ₹75-80 per share. Click here to apply for the IPO on Upstox.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 1.59% |
| Nikkei 225 (Japan) | ▼ 0.71% |
| Hang Seng (Hong Kong) | ▼ 2.05% |
| SSE Composite (China) | ▼ 0.01% |
| Dow Jones (US) (October 07) | ▼ 2.11% |
| NYSE (US) (October 07) | ▼ 1.95% |
| Nasdaq (US) (October 07) | ▼ 3.8% |
| S&P 500 (US) (October 07) | ▼ 2.8% |
Fact of the day
Modhera village in Gujarat has been declared India's first 24x7 solar-powered village.
Source: TOI
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