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​On the consumer non-durable side, the recovery cycle is still starting off and there is anticipation with inflation being under control, a normal monsoon and possible tax breaks coming through, there could be a revival.

The country’s largest steelmaker produced 6.35 million tons of steel at a consolidated level during the quarter, down 1% from the previous year and 6% sequentially due to planned maintenance shutdowns at Dolvi and Bhushan Power. As a result, capacity utilization at its operations in India stood at 87% during the quarter, compared to 92% a year ago.

The revenue from operations declined 7.6% year-on-year from 7,767.1 crore to Rs 7,173.1 crore in the first quarter of fiscal year 2025. Earnings before interest, tax, depreciation, and amortization (EBITDA) grew two times year-on-year to Rs 453.08 crore. The company’s export revenue stood at Rs 53.33 crore, catering to 22 countries.

A research carried out by the regulator had found that investors lose in 9 out of 10 trades in the F&O segment. Starting from a level where it insisted on disclosing risks, Sebi has been proactively trying to dissuade investors from the segment lately.

IFSCA has been added to the list of financial sector regulators to enable Credit Rating Agencies (CRAs) and ESG Rating Providers (ERPs) to undertake rating and ESG rating activities, respectively, at IFSC-GIFT City, Gujarat, Sebi said in separate circulars

PVR Inox reported a net loss of Rs 179 crore for June 2024 quarter, down from Rs 82 crore in the same quarter of the previous year, with revenue at Rs 1,191 crore and an EBITDA loss of Rs 19.90 crore. Patron count was 3.04 crore with a average ticket price of Rs 235 and Rs 134 F&B spend per head. Elections were said to have caused a 13% drop in releases.

“The local currency opened stronger because foreign portfolio investors inflows worth Rs. 5000 crores, and weakened during the day due to a fall in domestic equities and recovery of the dollar index”, said Dilip Parmar, a foreign exchange analyst at HDFC Securities.

Last year, despite a drop in crude oil prices, it clocked extraordinary gains. This year however, a pre-election price cut of Rs 2 per litre in petrol and diesel ate into those gains.