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⭐ Hero MotoCorp to enter the new market

Two-wheeler maker Hero MotoCorp has announced a new partnership with Terrafirma Motors Corporation (TMC) to begin operations in the Philippines. As part of the partnership, TMC will be the exclusive assembler and distributor of Hero MotoCorp motorcycles in the Philippines. For this, TMC will set up an assembly facility and start operations in the second half of FY24.

Dabur’s net profit decreases

Dabur India reported a 2.8% year-on-year fall in its consolidated net profit at ₹ 490 crore during the September quarter. Meanwhile, its revenue grew 6% YoY to ₹ 2,986 crore. The company said it eased the inflationary pressures through cost control and reasonable price increases across key product categories. The company also declared an interim dividend of ₹ 2.5 per share to its shareholders.


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Nykaa shares fall

Beauty and fashion retailer FSN E-Commerce Ventures, parent of the Nikafell over 2% this week, hitting a new 52-week low ₹ 1,108 per share. The stock price for the first time closed below its IPO offer price of ₹ 1,125 per share. The fall comes before the end of the lock-in period for pre-IPO investors on November 10.

Gglobal markets (at 7:30 am today)

Indexes Today’s movement
SGX Awesome 0.35%
Nikkei 225 (Japan) 0.19%
Hang Seng (Hong Kong) 2.79%
SSE Composite (China) 0.27%
Dow Jones (USA) (October 26) 0.01%
NYSE (USA) (October 26) 0.81%
Nasdaq (USA) (October 26) 2.04%
S&P 500 (US) (October 26) 0.74%

Facts of the day

An American woman ‘accidentally’ bought a $4,000 Salvador Dalí print at auction because she was ‘bored’.

Source: Money control

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