Stock Market LIVE: Nifty Gains Over 140 Points, Sensex Trade Higher As Eternal, BEL Shares Lead

AIA Engineering Q1 Highlights (Cons, YoY)

• Revenue up 1.9% to Rs 1,039 crore versus Rs 1,020 crore

• Ebitda up 6.1% to Rs 306 crore versus Rs 289 crore

• Margin at 29.5% versus 28.3%

• Net Profit up 17.5% to Rs 305 crore versus Rs 260 crore

Samvardhana Motherson Q1 Highlights (Cons, YoY)

• Revenue up 4.7% to Rs 30,212 crore versus Rs 28,868 crore

• Ebitda down 11.4% to Rs 2,458 crore versus Rs 2,775 crore

• Margin at 8.1% versus 9.6%

• Net Profit down 49% to Rs 512 crore versus Rs 994 crore

Reliance Infrastructure received favourable arbitral award worth Rs 526 crore in case against Aravali Power

V Anantha Nageswaran, the Chief Economic Advisor to the Government of India, flagged a shift in India’s consumption trends, pointing to a growing diversion of consumer spending towards online gaming and options trading, while speaking at a Mumbai event on Wednesday.

Shedding light on the data points related to consumer participation in online gaming, he mentioned that in July alone, monthly spending on online gaming stood at about Rs 1 0,000 crore — implying an annualised run rate of approximately Rs 1.2 lakh crore.

Brigade Hotel Ventures is in pact with Marriott International to open six hotels in India, the company said in the exchange filing.