Thailand’s new vehicle market continued to deteriorate in October 2024, with sales plunging by 36% to 37,691 from already weak year-earlier sales of 58,963 units, according to the latest wholesale data released by the Federation of Thai Industries (FTI). The country’s vehicle market has been in a downturn for almost two years, after a brief rebound from the Covid pandemic lows in 2022.

Shares of LightOn, Europe's first listed genAI startup, rose as much as 9% on their debut on the Euronext Growth market in Paris on Tuesday. The stock was trading at 10.79 euros per share by 0841 GMT, 4.2% higher than the 10.35 euros it was valued at during its initial public offering last week. LightOn, which builds large language models for businesses and institutions.

Geojit Financial Services research report on Tube Investments of India. Tube Investment of India Ltd. (TII) is a flagship company of the Murugappa group. It is one of the leading product manufacturers for major industries such as Automotive, Railway, Construction, Mining, etc. Q2FY25, consolidated revenue grew by 14.4% YoY, driven by industrial, power systems, and EV-mobility segments.

Rail Vikas Nigam Limited (RVNL) announced on Tuesday that it has received a Letter of Acceptance (LoA) from South Central Railway for an Engineering, Procurement and Construction (EPC) contract. The project involves the doubling of railway track between Parbhani and Parli stations, covering a distance of 58.06 km, excluding the Gangakhed yard segment.

Homegrown e-commerce platform Meesho has launched a dedicated voice bot that will now help resolve customer queries on the platform, co-founder and chief technology officer Sanjeev Barnwal told reporters on November 26. The launch comes at a time when several e-commerce companies are leveraging artificial intelligence (AI) and generative AI to lower costs and optimise operations.

China's Huawei said on November 26 that it has launched a new phone - Mate 70 - that will run on an in-house operating system, setting in motion the country's shift away from US-based Google Android platform completely. The phone promises to set China free from US high-end chip restrictions, running on a 5G chip and a made-in-China operating system.

Reported Standalone quarterly numbers for Tega Industries are: Net Sales at Rs 197.61 crore in September 2024 down 0.53% from Rs. 198.66 crore in September 2023. Quarterly Net Profit at Rs. 30.95 crore in September 2024 down 6.53% from Rs. 33.12 crore in September 2023. EBITDA stands at Rs. 51.63 crore in September 2024 up 3.82% from Rs. 49.73 crore in September 2023.

Reported Standalone quarterly numbers for Elgi Rubber Company are: Net Sales at Rs 62.68 crore in September 2024 up 8.53% from Rs. 57.75 crore in September 2023. Quarterly Net Profit at Rs. 0.22 crore in September 2024 down 97.32% from Rs. 8.10 crore in September 2023. EBITDA stands at Rs. 8.88 crore in September 2024 up 12.98% from Rs. 7.86 crore in September 2023.

Reported Standalone quarterly numbers for Thakkers Developers are: Net Sales at Rs 3.45 crore in September 2024 up 171.85% from Rs. 1.27 crore in September 2023. Quarterly Net Profit at Rs. 0.64 crore in September 2024 up 136.06% from Rs. 1.77 crore in September 2023. EBITDA stands at Rs. 1.49 crore in September 2024 up 247.52% from Rs. 1.01 crore in September 2023.

Reported Standalone quarterly numbers for Cosco (India) are: Net Sales at Rs 38.16 crore in September 2024 down 7.47% from Rs. 41.24 crore in September 2023. Quarterly Net Profit at Rs. 0.20 crore in September 2024 down 69.8% from Rs. 0.66 crore in September 2023. EBITDA stands at Rs. 2.35 crore in September 2024 down 26.79% from Rs. 3.21 crore in September 2023.

Reported Standalone quarterly numbers for Mahalaxmi Rubtech are: Net Sales at Rs 23.62 crore in September 2024 down 55.7% from Rs. 53.32 crore in September 2023. Quarterly Net Profit at Rs. 3.49 crore in September 2024 up 59.02% from Rs. 2.20 crore in September 2023. EBITDA stands at Rs. 5.99 crore in September 2024 up 3.45% from Rs. 5.79 crore in September 2023.

India's domestic consumption is uneven, with rural and urban areas experiencing different trends, affecting private sector capacity addition. Consumer goods account for 50% of Private Final Consumption Expenditure, with services making up the balance. Despite a 7.4% growth in Q1 FY2025, consumer non-durable demand is slackening, and urban demand is a drag due to elevated food inflation.

Reported Standalone quarterly numbers for GRP are: Net Sales at Rs 127.33 crore in September 2024 up 11.42% from Rs. 114.27 crore in September 2023. Quarterly Net Profit at Rs. 4.76 crore in September 2024 down 3.87% from Rs. 4.95 crore in September 2023. EBITDA stands at Rs. 11.84 crore in September 2024 up 1.63% from Rs. 11.65 crore in September 2023.

Reported Standalone quarterly numbers for Synthiko Foils are: Net Sales at Rs 5.46 crore in September 2024 down 9.47% from Rs. 6.03 crore in September 2023. Quarterly Net Profit at Rs. 0.01 crore in September 2024 down 93.12% from Rs. 0.11 crore in September 2023. EBITDA stands at Rs. 0.06 crore in September 2024 down 80% from Rs. 0.30 crore in September 2023.

Reported Standalone quarterly numbers for Indag Rubber are: Net Sales at Rs 60.98 crore in September 2024 down 4.96% from Rs. 64.17 crore in September 2023. Quarterly Net Profit at Rs. 3.97 crore in September 2024 down 20.29% from Rs. 4.98 crore in September 2023. EBITDA stands at Rs. 6.28 crore in September 2024 down 18.02% from Rs. 7.66 crore in September 2023.