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Here are the top stories to start your day.
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⭐ Tech Mahindra’s revenue jumps
Tech Mahindra has reported a 20.7% year-on-year (YoY) rise in its consolidated revenue at ₹13,129 crore during the September quarter. Meanwhile, its profit after tax was down by 4% YoY to ₹1,285 crore. Net new deal wins for the quarter stood at $716 million. The company also announced a special dividend of ₹18 per share.
⭐ Two-wheeler sales see steady growth
In October, Bajaj Auto’s total two-wheelers sales in the domestic market rose by 4% YoY to 2,06,131 units. Meanwhile, domestic sales of TVS Motor grew 7% to 2,58,777 units. Royal Enfield maker, Eicher Motors, reported a 86% YoY increase in sales to 82,235 units.
⭐Manufacturing PMI rises marginally
India’s manufacturing purchasing managers index (PMI) rose to 55.3 in October, from a three-month low of 55.1 in September. PMI growth remained robust aided by strong expansion in factory orders and production. In general, a PMI reading above 50 indicates an expansion in manufacturing activity, while a number below 50 represents contraction.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.11% |
| Nikkei 225 (Japan) | ▲ 0.03% |
| Hang Seng (Hong Kong) | ▲ 1.13% |
| SSE Composite (China) | ▲ 0.66% |
| Dow Jones (US) (November 01) | ▼ 0.24% |
| NYSE (US) (November 01) | ▲ 0.11% |
| Nasdaq (US) (November 01) | ▼ 0.89% |
| S&P 500 (US) (November 01) | ▼ 0.41% |
Fact of the day
India reported 730 crore UPI transactions in October worth ₹12.1 lakh crore, up 8% from September.
Source: Economic Times