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Two-wheeler makers, too, saw improved sales across urban, semi-urban and rural markets, especially at the entry level where demand has been depressed for nearly three years due to a rise in acquisition, insurance, and running costs since the transition to BS-VI emission standards.

A manufacturing company in the automotive industry must deal with 489 central, state and local-level compliances, the report noted. These fall under the labour, EHS (environment, health & safety), corporate law, commercial law and finance and taxation law categories. In addition to this, there are industry-specific compliances for automakers.

Private lender HDFC Bank continued to be the worst affected, with total cards in force down by 1.6 million month on month. Bankers say while the total credit card numbers will normalise soon, they are also looking to change the strategy with regard to onboarding customers.

The Reserve Bank of India (RBI), finance ministry and National Payment Corp. of India (NPCI) did not comment on the matter. The Indian Economic Trade Organization (IETO) and NPCI are primarily engaged in such cross-border dialogue before it reaches the regulators.

The company has approached the state government, seeking 5,000 acres of land to house its proposed 1 GW plant, the executive said. "We are engaged with the government," the person said. "The moment the land is allotted, we will go full throttle on executing the project."

“In September 2022, the finance ministry cleared a proposal to convert Vi’s Rs 16,130 crore worth of accrued interest on deferred AGR-related dues into equity, and now DoT needs to finalise the transaction. (But) as per company law provisions, any equity infusion cannot be below par value (Rs 10), and hence the equity conversion would only be decided once the stock price stabilises above Rs 10,” Indus said .

Bharti Airtel, 3i Infotech, Asahi India Glass, Castrol India, LT Foods, Larsen and Toubro, Saregama Industries, Swaraj Engines, Tata Steel, VST Tillers, Mold-Tek, TCI Express, Equitas Small Finance Bank, Motherson Sumi etc.

The ET Now poll suggests that the revenue at the company is expected to inch lower by 14% from Rs 63,430 crore in the quarter-ended June to Rs 54,298 crore during the period under review. Similarly, profit after tax at the steel major is seen to take a major hit by over 62% to Rs 2,932 crore from Rs 7,764 crore.

Vishnu Chemicals is a multibagger stock with year-to-date returns of 129% and 3-year returns at an exorbitant 1,476%.Ahead of the stock split, the stock of Vishnu Chemicals ended 5% upper circuit at Rs 2000.3 per share.Hyderabad-bade Vishnu Chemicals is a pure play chemical manufacturer that serves companies across industries such as steel, glass, pharmaceutical, pigments and dyes, leather and allied industries.

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