Good morning!
Here are the top stories to start your day.
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⭐ March was a mixed-bag sales for auto cos
Maruti Suzuki’s domestic vehicle sales decreased by 0.6% YoY to 1.3 lakh units in March. The company said the shortage of electronic components impacted production. Meanwhile, Tata Motors’ domestic sales rose 3% YoY to 89,351 units. Company’s management expects demand for passenger vehicles to remain robust in future.
⭐ Adani Ports acquires new port
Adani Ports has completed the acquisition of Puducherry-based Karaikal Port after getting approval from National Company Law Tribunal (NCLT). The company paid ₹1485 crore for the deal. With this acquisition, the company has 14 operational ports in India.
⭐ Godrej Properties buys new land
The real estate developer has acquired a new land parcel in Pune. The company plans to develop a luxury housing project on this land. The project has a development potential of 7.5 lakh square feet with an estimated revenue potential of nearly ₹1,000 crore.
Global markets (at 8:00 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.10% |
| Nikkei 225 (Japan) | ▲ 0.98% |
| Hang Seng (Hong Kong) | ▼ 0.33% |
| SSE Composite (China) | ▲ 0.22% |
| Dow Jones (US) (April 1) | ▲ 1.26% |
| NYSE (US) (April 1) | ▲ 1.15% |
| Nasdaq (US) (April 1) | ▲ 1.74% |
| S&P 500 (US) (April 1) | ▲ 1.44% |
Fact of the day
India’s gross GST collection rose by 13% YoY to ₹1.6 lakh crore in March 2023.
Source: Economic Times