Net Sales at Rs 18,668.56 crore in December 2023 up 18.2% from Rs. 15,793.98 crore in December 2022. Quarterly Net Profit at Rs. 4,570.05 crore in December 2023 up 802.83% from Rs. 506.19 crore in December 2022. EBITDA stands at Rs. 2,122.30 crore in December 2023 up 42.06% from Rs. 1,493.94 crore in December 2022. Tata Motors DVR EPS has increased to Rs. 11.92 in December 2023.

Tata Motors reported a significant increase in standalone quarterly numbers for December 2023, with net sales at Rs. 18,668.56 crore, up 18.2% from the same period in 2022. Net profit also saw a drastic increase of 802.83%, reaching Rs. 4,570.05 crore. The company's EBITDA increased by 42.06%, and EPS rose from Rs. 1.31 to Rs. 11.

Net Sales at Rs 8.98 crore in December 2023 up 88.18% from Rs. 4.77 crore in December 2022. Quarterly Net Profit at Rs. 3.00 crore in December 2023 up 145.87% from Rs. 1.22 crore in December 2022. EBITDA stands at Rs. 4.19 crore in December 2023 up 136.72% from Rs. 1.77 crore in December 2022. SKP Securities EPS has increased to Rs. 4.40 in December 2023 from Rs. 1.79 in December 2022.

Magna Electro Castings reported a decrease in net sales, net profit, and EBITDA for the December quarter of 2023 compared to the same period in 2022. However, EPS has also decreased from Rs. 9.01 to Rs. 8.34. The company's shares have also seen a decline of -10.82% over the last 6 months, but a positive growth of 40.25% over the last 12 months.

Market Creators, a standalone company, has reported its quarterly financial results for December 2023. Net sales have increased by 54.09% to Rs. 1.76 crore compared to the same period in 2022. The company's net profit has also seen a significant increase of 266.45% to Rs. 0.13 crore. EBITDA has risen by 215.38% to Rs. 0.41 crore.

Toyota Motor raised its full-year operating profit forecast by nearly 9 percent on Tuesday, after higher sales volumes and a weaker yen boosted its third-quarter results. The world’s top-selling automaker raised its profit forecast for the current year to 4.9 trillion yen ($32.99 billion), versus 4.5 trillion expected previously. The higher target contrasts with downbeat outlook provided.

Tata Chemicals Ltd. reported a 60% decrease in net profit for the December quarter due to weak demand in key market segments. However, the company's stock recovered from early losses and was trading 1.7% higher by noon on January 6. EBITDA also plunged by 41.2%, citing pricing pressure and lower volumes. The company's domestic business showed improvement in margins.

Government of Goa introduces various bills in budget session including amendments to the Town and Country Planning Act for ease of land conversions, encouraging high-end vehicle registrations, and allowing government acquisition of tenant-occupied land for public use. A recent cabinet decision also simplified tax payments for rental cars and two-wheelers.

MahaRERA has released draft model guidelines for retirement homes to ensure housing projects for the elderly are designed with their needs in mind. This initiative is in response to concerns about developers misleading and not meeting minimum standards for such projects. The guidelines cover factors such as building design, accessibility, safety, and ventilation.

SIDBI plans to raise Rs 5,000 crore through bonds that will mature in three years and four month period, market sources said. The bonds will have a base issue of Rs 1,500 crore and a a greenshoe option to retain an additional Rs 3,500 crore. A greenshoe option gives the underwriter the right to sell investors more bonds than planned if the demand is higher than expected.

PB Fintech and its subsidiaries Policybazaar and Paisabazaar are being scrutinized by the income tax authorities for regulatory lapses and non-compliance with KYC regulations. The company may face assessment proceedings after the IT department conducted a survey and found issues with regulatory compliance. Premji Invest and Claymore Investments have recently sold stakes in PB Fintech.

The US is facing a challenge in the electric vehicle sector, both in developing its own industry and protecting national security from China's advanced technology. This raises concerns about data collection and technology transfer. To address this, the US could seek joint ventures with Chinese companies that want to enter the American market, while also harnessing their technological know-how.

Domestic markets opened positively despite negative global cues on February 6. The Sensex and Nifty 50 were up by 0.33%. The US market ended lower after the US Fed signaled a possible delay in interest rate cuts. The Bank Nifty experienced a decline of 0.2%. On the Nifty, Bharti Airtel, TCS, UltraTech Cement, Dr Reddy's Labs, and HCL Tech were gainers, while Power Grid Corp.

When the Indian monetary authority began giving out restricted banking licenses to a new category of payment facilitators about eight years ago, it should have spared a thought to their orderly resolution — just in case it had to shutter any of them. As the deepening crisis at Paytm Payments Bank Ltd. shows, the regulator didn’t do its homework.

Novartis is acquiring cancer treatment developer MorphoSys for 2.7 billion euros, adding a new rare bone-marrow cancer treatment to their portfolio. This deal will take MorphoSys private and is contingent on certain conditions. Novartis will own pelabresib, a promising drug used to fight deadly cancers. MorphoSys management recommends shareholders accept the offer and plan to file.