India Tourism Development Corporation reported a 22.75% increase in net sales from Rs. 96.27 crore to Rs. 118.17 crore for the quarter ending June 2023. Quarterly net profit increased by 65.37% from Rs. 10.53 crore to Rs. 17.41 crores with EPS increasing to Rs. 2.03 from Rs. 1.26.

Ideaforge Technology reported a 2.22% decrease in Net Sales from Rs 99.27 crore in June 2022 to Rs 97.07 crore in June 2023, resulting in a 54.27% drop in Quarterly Net Profit from Rs 41.25 crore to Rs 18.86 crore. EBITDA also decreased by 42.94%, from Rs 56.13 crore in June 2022 to Rs 32.03 crore in June 2023.

Recent momentum has pushed Firstsource Solutions stock to a fresh 52-week high, with an upside of over 15% in a month. Experts suggest traders can use dips to buy the stock for a target of Rs 175 in the next 3-4 weeks. The breakout from the 12-month rectangle pattern is backed by price action trading well above most crucial short and long term moving averages.

European stocks bounced back on Wed. after taking a hit the day before due to worries about Italian banks and US banking sector. London's FTSE 100 index rose 0.8%, Frankfurt's DAX 0.9%, and Paris CAC 40 1.3%. Bank shares had been penalized by Italy's imposition of a windfall tax.

Tokyo's Nikkei 225 closed down 0.53% on Wednesday amid concerns over banking sector, weak China trade data & US inflation figures. Moody's downgraded 10 regional banks & put 6 more on watch, weighing on the market. SoftBank Group dropped 3.13%. Sony Group & Panasonic declined whilst airlines ended higher. ANA & Japan Airlines rallied due to strength in music business & favourable exchange rates.

Maruti Suzuki True Value has successfully sold 50 lakh pre-owned cars in India since 2001, with the brand present in over 281 cities through 560 outlets. Customers trust this brand, and their satisfaction and loyalty has marked its success over the past 22 years.

Li Auto, founded in 2015, is the up and coming Chinese automaker aiming to make their mark. They announced a goal of becoming China's top selling premium car in 2024 with plans to reach 40,000 units sold per month by Q4. They plan to launch 4 new models next year, including three EVs. Despite other automakers' struggles during the pandemic, Li Auto has seen growth.

Shares of PB Fintech fell 10% in the two sessions after the release of its June quarter earnings, where losses were narrowed from Rs. 204 crore in the corresponding quarter last year to Rs 11.9 crore. Major brokerages, including Macquarie (Underperform rating), Nuvama (Hold rating) and Kotak (Add rating) & JM Financial (Buy rating) gave their take on the stock.

Tata Motors will stay focused on executing its strategy to deliver growth, profitability and free cash flows. Its domestic business will become near net-debt zero in FY24 and JLR in 2025. The US economy is resilient, the Eurozone and China are having slower growth. India's projected growth rate is 6.4%.

Tata Motors and its luxury arm Jaguar Land Rover have ambitious plans for electric vehicles, while hybrid vehicles are not currently on the radar. At the AGM, it was revealed that 50% of Tata's vehicles will be green mobility vehicles by 2022. JLR has a target of 65% by 2030 and they will soon launch electric versions of Harrier and Punch EV and a new Curve EV in Q1 2021.

Indian equity market continued its decline, moving further into red territory. The sentiment was impacted by Moody's downgrade of US banks which led to a lower opening for domestic indices. About 1,657 shares advanced, 1,324 shares declined & 111 shares were unchanged. Put writers were dominant with Nifty weekly contract having highest open interest at 19,500 Calls and 19,400 Puts.

Unilever Ventures invested Rs 14.40 crore in What's Up Wellness to help their team, product development, and growth in India's health & wellness space. This included participation from existing investors, and followed raising funds from angel investors and Shark Tank India Season 2. The company has over 2.5 lakh users across India and plans to launch 12 new products over the next two years.

UBS Group AG is cutting two-thirds of Credit Suisse Group AG's investment banking business in Asia. Job seekers are facing a tough market and uncertainty lies ahead. Despite this, junior bankers can take heart - don’t despair, things will get better and use the opportunity to reflect on your goals; what worked for Ex-Lehman Brothers colleagues in 2008 may still work for Credit Suisse staff now.

Shares of Jay Bharat Maruti were locked at 5% lower circuit after posting a 35% decline in net profit for the quarter ended June 2023. Revenue from operations was down 3.8%. The board approved split of equity shares into ones with lower face value (Rs 2) to increase liquidity for small investors and make it a more affordable stock.

Taiwan Semiconductor Manufacturing Co has transformed from a geographically concentrated company within a 300-mile radius to one of the world's most globally diversified chipmakers. With fabs in five countries and partnerships with Sony, Denso Corp, Bosch, Infineon, and NXP Semiconductors, TSMC is giving governments and chip customers access to their know-how and tech.