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Recently, the government has approved conversion of Rs 16,133 crore interest dues of Vodafone Idea into equity after receiving a firm commitment from Aditya Birla Group to run the company and bring necessary investment.

Nykaa, IRB Infra: Key earnings to track on Monday

Updated at : 2023-02-13 14:20:03

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Indian e-commerce firm Nykaa is among the domestic companies that will announce their earnings on Monday. >> For more such web stories click on the ET icon below

While the coming year is expected to be characterised by a firmer handle on inflation and interest rates peaking out, the same will come at the cost of economic growth for a couple of years ahead. Growth in the U.S is estimated to be largely flat while growth in the EU is expected to contract by over 1%. At the same time, we expect Asian economies to exhibit a modest rebound with an estimated growth of 3.5% to 5% - contingent on public policies around fuller re-opening the economy.

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The recent lithium discovery is classified as G3. Further exploration, a detailed mapping including geochemical and geophysical surveys and drilling, is required to arrive at a G1 estimate. Simultaneously, an economic analysis will also be conducted to determine economically viable extractable mineral content.

On a standalone basis, billing for the quarter stood at Rs 551 crore, up 14.5% year-on-year, while YTD billing came in at Rs 1618 crore, showing a YOY growth of 33%. Billing including acquired operating businesses (Zwayam and DoSelect) for the Qtr stood at Rs 566 crore, a growth of 16.5%

Zee Ent. shares drop 3.47% as Sensex falls

Updated at : 2023-02-13 14:20:03

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The stock quoted a 52-week high of Rs 308.65 and a 52-week low of Rs 200.5.

“We have moved up from something like 18,000-19,000 a month in SUVs to over 30,000 a month. So there has been a significant change in the traction by way of converting demand to supply. That is why we are seeing such strong growth and that is why we are number one on SUV revenue market share.”

PI Industries shares down 0.61% as Nifty drops

Updated at : 2023-02-13 14:20:03

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A total of 2,294 shares changed hands on the counter till 01:32PM (IST).

“One stock which I bought initially and then increased our allocations is a company called Mayur Uniquoters. They essentially are into PU, PVC products. They were big in footwear, then they became big in the artificial leather seat covers for cars, etc. In the next two-three years, we will see very strong growth and valuation-wise, I find it reasonable. So it has moved up lately so people can take the call accordingly.”

Rupee falls 17 paise to 82.75 against US dollar

Updated at : 2023-02-13 13:35:03

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Forex traders said the rupee is likely to trade with a slight negative bias amid risk aversion in global markets. Moreover, a sharp pullback in crude oil prices and strong dollar on hawkish tone of Fed may also put pressure on the rupee.

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