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FSN E-Commerce Ventures (Nykaa) reported a 68% fall in consolidated net profit to Rs 9 crore for the quarter ended December 2022. >> For more such web stories click on the ET icon below

A total of 1,413,116 shares changed hands on the counter till 02:09PM (IST)

M&M’s tractor division growth outpaced the industry at ~15% year-year (YoY) in 3QFY23. Its market share improved sequentially to ~41% in 3QFY23, compared with ~40.1% in 2QFY23. Nomura expects M&M’s tractor division’s growth to be higher than the overall industry, as it factors in a higher market share.

Transparent taxation, simplified documentation, and inclusive finance were the three pillars of the budgetary reforms. To further these efforts, the finance minister will take a consultative approach towards framing regulations. Here is a glimpse of some of the crucial proposals for individuals:

National Fertilizer posted revenue from operations of Rs 10,137.34 crore in the quarter ended December 2022 as against Rs 5,091.71 crore during the quarter ended December 2021, representing a gain of 99%.The company recorded total expenses of Rs 9,384.06 crore in Q3FY23 compared to Rs 5,080.9 crore in the year-ago quarter. The EPS of National Fertilizer reached Rs 11.29 in Q3FY23 as compared to Rs -(0.47) in the same quarter last year

On Monday, the Supreme Court of India said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to media baron Kalanithi Maran and his Kal Airways towards dues from the arbitral award of Rs 578 crore

This disjunction of the India-US growth differential and the narrowing India-US real interest rate differential will accentuate as the US Fed rate increases towards the guided 5% mark and 1.6% in real terms. This will necessitate adequate readjustments by the RBI as well.

“In the second half of last year, we saw a phenomenal rally on the Bank Nifty. We had levels of 44,000-44,500. It was great. Everyone participated and things just changed completely in the last one, one and a half months. There is a lot more room to fall. Our initial target was around 39,600, which was tested.”

On the technical charts, the 200-day moving average of the stock stood at Rs 74.19.

As of 31-Dec-2022, promoters held 0.0 per cent stake in the company, while FIIs held 17.35 per cent and domestic institutional investors had 21.19 per cent.