Japanese auto car makers Toyota Motor and Suzuki Motor Corporation may from a joint venture (JV) to make cars together and sell these in the name new entity

The external value of Indian rupee (INR) is declining and is down by 6.9 per cent  against US Dollar, year till date. This has been one of the factor that has led to a fall in the Indian equity market. Nevertheless, this has a silver lining and you can invest in funds that invest in US-Focused funds that will help you reap good returns.

EBITDA for the quarter fell by 9 per cent yoy to Rs. 191.5 crore with a corresponding margin contraction of 47 bps. EBITDA margin for the quarter stood at 7.5 per cent.

Slow recovery of payments from many markets, resulted in a cautious approach to sales. Hence the overall performance of the division was subdued.

India Cements standalone revenue for the quarter came in at Rs. 1,397.81 crore, registering 8.2 per cent yoy decline.

Liquor manufacturer and distributor Som Distilleries recorded a stark rise of over 5 per cent on the bourses in Friday’s intraday trade as the company began its operations in West Bengal.

During lunch hours on Friday, the stock of steel companies were buzzing and trading up by around 3.50 to 4 per cent in anticipation of price hike for HRC.

Indian banking industry is in a restructuring mode with major NCLT accounts getting resolved and releasing huge amount of money struck as NPAs or provisions for NPAs. However, the public sector banks continue to remain a key risk for the banking system.

EBITDA for the quarter fell by 32.3 per cent yoy to Rs. 15.46 crore with a corresponding margin contraction of 464 bps. EBITDA margin for the quarter stood at 5.9 per cent.

The National Highways Authority of India (NHAI) has granted Letter of Acceptance (LoA) to MEP Infrastructure Developers Ltd. informing that the company has been engaged as the Contractor for user fee collection at Athur Toll Plaza.