Stock Market Latest Updates: Sensex, Nifty end marginally lower in volatile session; Bharti Airtel, Sun Pharma among top losers Sydney: Asian shares crept ahead on Tuesday following an upbeat session in Europe and further gains in US stock futures as investors looked past Sino-US trade tensions to a re-opening world economy. Japan’s Nikkei led the way with a rise of 1 percent to its highest since early March when the economic impact of the coronavirus was just becoming clear. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.1 percent in early trade, while South Korea rose 0.4 percent. While Wall Street had been shut on Monday, E-Mini futures for the S&P 500 ESc1 were up just over 1 percent after EUROSTOXX 50 futures added over 2 percent on Monday. European sentiment got a lift when a survey showed German business morale rebounded sharply in May as activity gradually returned to normal after weeks of lockdowns. [caption id=“attachment_4437105” align=“alignleft” width=“380”]  Representational image. Reuters[/caption] That helped offset the war of words between Washington and Beijing over trade, the coronavirus and China’s proposals for stricter security laws in Hong Kong. “US-China tensions continue to simmer in the background, but equity investors appear more interested on the prospect of economies reopening around the globe,” said Rodrigo Catril, a senior FX strategist at NAB. “On this score, Japan ended its nationwide state of emergency, Spaniards have returned to bars in Madrid wearing masks and England will reopen some businesses on 1 June.” Bond investors suspect economies will still need massive amounts of central bank support long after they reopen and that is keeping yields low even as governments borrow much more. Yields on US 10-year notes were trading at 0.65 percent having recovered from a blip up to 0.74 percent last week when the market absorbed a tidal wave of new issuance. The decline in US yields might have been a burden for the dollar but with rates everywhere near or less than zero, major currencies have been holding to tight ranges. The dollar was a fraction firmer on the yen on Monday at 107.75 but well within the 105.97 to 108.08 band that has lasted since the start of May. The euro was all but flat at $1.0900, having spent the month so far wandering between $1.0765 and $1.1017. Against a basket of currencies, the dollar was idling at 99.788, sandwiched between support at 99.001 and resistance around 100.560. Analysts at CBA felt the dollar could break higher should China-US tensions actually threaten their trade deal. “Although not our central scenario, if the US or China were to withdraw from the Phase One deal, USD would sharply appreciate while CNH, AUD and NZD would decline,” they wrote in a note to clients.
Stock Market Latest Updates: Sensex, Nifty end marginally lower in volatile session; Bharti Airtel, Sun Pharma among top losers
Stock Market Latest Updates: Sensex, Nifty end marginally lower in volatile session; Bharti Airtel, Sun Pharma among top losers
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Sensex, Nifty end marginally lower in volatile session
Benchmark indices gave up the morning gains and ended marginally lower in a volatile session.
The Sensex fell 63.29 points or 0.21 percent to 30,609.30 while the Nifty was down 10.20 points or 0.11 percent at 9029.05 at close.
Bharti Airtel was the top loser in the Sensex pack slipping over 5 percent. Other losers included TCS, Bajaj Finance, SunPharma, Tech Mahindra and Infosys.
Titan, Ultra Cement, IndusInd Bank, Nestle India and ITC were among the major gainers.
On the Nifty, Eicher Motors, JSW Steel, Titan Company, UltraTech Cement and Shree Cements were among top gainers while losers included Bharti Airtel, Bajaj Finserv, Bajaj Finance, TCS and Sun Pharma.
Among sectors, IT and pharma witnessed selling pressure, while metal index rose over 2.5 percent followed by auto, bank and FMCG. BSE Midcap and Smallcap indices ended with a gain of 0.6-1.2 percent.
#MarketAtClose | Market fails to hold opening gains; Sensex & Nifty close lower as Sensex slips 477 points & Nifty 133 points from highs pic.twitter.com/bubINQSXeb
— CNBC-TV18 (@CNBCTV18Live) May 26, 2020
Praj India Q4 profit falls 25.5%
#4QWithCNBCTV18 | Praj Ind's Q4 net profit comes in at Rs 24.9 cr, slips 25.5% on a YoY basis pic.twitter.com/hTd2hx24ng
— CNBC-TV18 (@CNBCTV18Live) May 26, 2020
Rajasthan restores 8-hour working in factories
The Rajasthan government has restored the working hours for factory workers to eight hours per day, according to an official statement.
On 24 April, the government had increased the working hours to 12 from 8 hours per day to reduce the requirement of workers in all the registered factories, in view of the coronavirus spread.
Almost all the factories are currently being operated during the coronavirus epidemic. The movement of workers has also started and no pass is required. Public transport has also started in many areas like Green, Orange Zone, etc,†state labour minister Tikaram Jully said in the statement.
Ather Energy partners with P2P scooter sharing platform
Hero MotoCorp-backed Ather Energy has partnered with dockless mobility solution provider Bounce for a scooter sharing initiative ‘‘Peer to Peer’’ (P2P) with the pilot programme taking off from Bengaluru on Monday, a release said on Tuesday.
Under the partnership, the Ather 450 e-scoote purchased via Bounce’’s website can be booked for Rs 499 and will be delivered on priority basis post the lockdown once deliveries resume, the release said.
Bengaluru-based start up Bounce already has ‘‘ScooterHero’’ a P2P initiative, under which individuals can rent out their vehicles directly during the lockdown and the partnership with Ather enables new Ather 450 owners to monetise the idle time of the vehicle by listing their vehicle on the Bounce App, it said.
Hamdard Labs to conduct clinical trials of immunity booster drugs against COVID-19
Health and wellness firm Hamdard Laboratories on Tuesday said it is planning to conduct clinical trial of its immunity booster medicines to assess their effectiveness against COVID-19.
The company has submitted the proposal for required permission from the concerned authorities and the clinical trial will be conducted at Hamdard Institute of Medical Sciences and Research, New Delhi, Hamdard Laboratories said in a statement.
The Ministry of AYUSH has invited inputs from Ayush practitioners and institutions including colleges, universities, hospitals, research institutes, manufacturers, association’’s etc to prevent infection from COVID-19, it added.
Package of Rs 90,000 cr to provide only temporary relief to discoms: IndRa
The Rs 90,000 crore package would provide only a temporary relief to power distribution companies but not long-term stability, India Ratings and Research (Ind-Ra) said on Tuesday.
Finance Nirmala Sitharaman earlier this month announced Rs 90,000 crore liquidity infusion for discoms, saying that they owe Rs 94,000 crore to power generation companies.
“India Ratings and Research (Ind-Ra) believes that the bailout package of Rs 900 billion would only provide a temporary relief to power distribution companies (discoms),” Ind-Ra said in a statement.
Tourism ministry extends validity of approval, classification of hotels till 30 June
The tourism ministry on Tuesday said it was extending the validity period of approvals and classification of hotels and other accommodation units till 30 June.
The ministry classifies hotels under the star rating system to conform to the expected standards for different classes of tourists. The certification is valid for a period of five years.
“Considering the current situation when the hospitality industry is going through a very difficult time in the wake of the COVID-19 pandemic and lockdown that has severely impacted the accommodation sector, it has been decided that validity of approval or certifications of hotels and other accommodation units whose project approvals and classification have expired are deemed to be extended till 30 June,” the ministry said in a statement.
CarDekho lays off 200 staff, cuts salary up to 22%
.@CarDekho has laid off 200 employees, sources tell @Parikshitl
— CNBC-TV18 (@CNBCTV18Live) May 26, 2020
CarDekho has cut salaries by 15-22% & has reduced salaries across levels. Co is reviewing viability of various operations regularly, sources add. pic.twitter.com/BFlC7O2sEY
European markets rise over 1%
#CNBCTV18Market | European stocks trade near 11-week high; Pan-European STOXX 600 rises 1.2%, trading just below its March 10 high pic.twitter.com/6aOcfQY4I4
— CNBC-TV18 (@CNBCTV18Live) May 26, 2020
Sensex down 41 points, Nifty at 9,038
Indices remained in the red as Sensex was trading 41.07 points or 0.13 percent lower at 30,631.52 while the Nifty was down 1.50 points or 0.02 percent at 9,037.75 at around 2.45 pm.
Bharti Airtel, TCS, Bajaj Finance, Teach Mahindra, Sun Pharma, Hero MotoCorp and Infosys were among the major losers in the Sensex pack.
The gainers included Titan, Ultra Cement, ITC, IndusInd Bank and Tata Steel.
Reliance Power wins lawsuit
Reliance Power Netherlands BV, a wholly owned subsidiary of Reliance Power, has won a lawsuit in the Central Jakarta district court in Indonesia, challenging the validity of Singapore arbitration award favouring Reliance Power.
Kokos Jiang and Prestige Capital Holdings, who were respondents in the arbitration, had filed a lawsuit in Jakarta court requesting nullification of the entire arbitration award.
As per the Singapore arbitration award, arbitrators had ordered Kokos Jiang (earlier known as Kokos Leo Lim) and Prestige Capital Holdings in Seychelles to pay Reliance Power Netherlands BV a sum of 43.2 million dollars along with default interest.
Newgen Software FY20 revenue at Rs 661 cr, cloud sales up 60%
Newgen Software said on Tuesday that its consolidated revenue from operations moved up 6.5 percent year-on-year at Rs 661 crore as compared to Rs 621 crore in FY19.
The business has heavy dependence on the fourth quarter, which impacted the overall performance.
The company said it witnessed growth across the board in its key geographies.
India, however, continued to face challenges on account of economic sluggishness in non-banking finance companies and banks as well as banking consolidation.
Cloud/SaaS deployments are rapidly increasing in all geographies — the US, Asia Pacific, India as well as in the Europe, Middle East and Africa region.
Cloud revenues were Rs 38 crore and witnessed a growth of 60 percent year-on-year. Revenue from sale of products and license were at Rs 118 crore while implementation and digitisation revenues were at Rs 175 crore.
Tech firm Vakrangee inks pact with LIC
Vakrangee announces Corporate Agency tie up with LIC to distribute micro insurance products pic.twitter.com/WMTjQnF5Ty
— CNBC-TV18 (@CNBCTV18Live) May 26, 2020
Sensex falls 130 points, Nifty below 9,050
Indices slipped into the red as Sensex was trading 130.14 points or 0.42 percent lower at 30,542.45 while the Nifty was down 31.45 points or 0.35 percent at 9,007.80 at around 2.15 pm.
Bharti Airtel was the top loser in the Sensex pack dropping over 5 percent. Other losers included TCS, Bajaj Finance, Teach Mahindra, Sun Pharma, Hero MotoCorp and Infosys.
The major gainers were Ultra Cement, Titan, Nestle India, NTPC, Tata Steel and IndusInd Bank.
Rupee rises 29 paise to Rs 75.66 at close
#Rupee ends stronger compared to the previous close pic.twitter.com/8mOlYUJkXS
— CNBC-TV18 (@CNBCTV18Live) May 26, 2020
Euler Motors raises Rs 20 cr in fresh funding round
Automotive technology start-up Euler Motors on Tuesday said it has raised Rs 20 crore as part of its ongoing series A funding, led by Inventus Capital.
The other investors in the fresh round of funding include Blume Ventures, Singapore-based Jetty Ventures India Investments and Udaan’s co-founder Sujeet Kumar.
Earlier, as part of its pre-series A round, the company had raised Rs 15 crore from Blume Venture, US-based Emergent Ventures and Andrew Lee.
“The series A funds will be primarily used for hiring talents, research and development (R&D), and launching our vehicles across the Indian key cities with a focus on localisation of the supply chain,” Euler Motors Founder and CEO Saurav Kumar said.
States’ deficit, market borrowings to increase to 4.5% of GDP: Ind-Ra
India Ratings and Research (Ind-Ra) expects the aggregate fiscal deficit of states to now rise to 4.5 percent of gross domestic product (GDP) in FY21 as against the agency’s earlier forecast of 3 percent.
Like many countries across the globe, India has been hit by COVID-19 pandemic. It has come at a time when the country was already facing a broad-based economic slowdown with revenues of both the central and state governments under pressure.
Ind-Ra said it evaluated the revised estimates for FY20 and FY21 budget estimates of 20 states.
Since these states presented their budgets before the COVID-19 induced nation-wide lockdown, the nominal gross state domestic product (GSDP) growth projected for FY20 by respective state governments is mostly upwards of 10 percent, which in Ind-Ra’s opinion is aggressive and unlikely to be realised.
Indices give up early gains, slip into red zone
#CNBCTV18Market | Benchmarks turn negative as market erases gains. Sensex drops more than 400 points from day's high while Nifty slips 122 points pic.twitter.com/4D5gtiwdg6
— CNBC-TV18 (@CNBCTV18Live) May 26, 2020
Gold futures drop marginally on weak global cues
Gold futures on Tuesday fell 0.36 percent to Rs 46,806 per 10 gram as participants offloaded their holdings following weak trend overseas.
On the Multi Commodity Exchange, gold prices for June delivery fell by Rs 167, or 0.36 percent, to Rs 46,806 per 10 gram in a business turnover of 7,605 lots.
The yellow metal for August delivery declined by Rs 137, or 0.29 percent, to Rs 46,934 per 10 gram in 11,887 lots.
Puneet Nanda appointed as MD & CEO of ICICI Venture Funds Management
. @ICICIPruLife says Puneet Nanda, currently Dy MD of co, appointed MD & CEO of ICICI Venture Funds Mgmt w.e.f June 15 pic.twitter.com/O3JAOg4fyZ
— CNBC-TV18 (@CNBCTV18Live) May 26, 2020
Indices remain volatile, Sensex up 50 points, Nifty at 9,059
Indices erased gains in a highly volatile session as Sensex was trading 50.40 points or 0.16 percent higher at 30,722.99 while the Nifty was up 19.55 points or 0.22 percent at 9,058.80 at around 1.45 pm.
Ultra Cement was the top loser in the Sensex pack jumping over 4 percent. Other gainers included Titan, IndusInd Bank, Tata Steel, HDFC Bank, NTPC, Nestle India and L&T.
The losers included Bharti Airtel, TCS, Bajaj Finance, Tech Mahindra, Sun Pharma and HDFC.
Markets holding on to gains during half-time
The Indian markets at half time are holding on to gains of 0.50 percent; however, it is underperforming its global peers who are trading with handsome gains in excess of 1 percent, said Aditya Agarwala, Senior Technical Analyst, YES Securities.
Nifty continues to face resistance around the 9,150 as selling pressure drags the Index lower every time it makes an attempt to cross this resistance territory of 9,160-9,170, he said.
On the downside immediate supports are at 9,060-9,040, breakdown from these cluster of supports could trigger more selling towards the latter half of the trading session dragging it lower to levels of 8,975, said Agarwala.
“On the flip side if bulls manage to take the Index beyond 9,160-9,170 then an extended relief rally could take the Index towards the upper end of the range i.e. 9,250. Metals, Bank, Auto and FMCG stocks are taking the Index higher while IT and Reliance are dragging it lower. European markets have opened in the green as well with decent gains of 1 percent,” he said.
REC ties up with TajSATS to provide meals to frontline healthcare workers
State-owned shadow banking firm REC on Tuesday said that it has tied up with TajSATS to provide food to frontline health workers fighting the COVID-19 battle.
REC (formerly known as Rural Electrification Corporation) is spearheading the mission to feed the medical staff in key government hospitals as well as poor daily wage labourers across the nation, through collaborative efforts, the company said in a statement.
REC Foundation, the CSR arm of REC, has partnered with TajSATS (a joint venture of Indian Hotels Company Ltd and SATS Ltd) to distribute specially-made nutritious meal packets for medical staff in Safdarjung Hospital, New Delhi.
After Jharkhand, Zomato to start home delivery of alcohol in Odisha
After Jharkhand, Odisha has become the second state where online restaurant guide and food ordering platform Zomato will be home delivering alcohol starting with the state capital Bhubaneswar.
Starting with Bhubaneswar, Zomato will soon expand to other cities in Odisha like Rourkela, Balasore, Balangir, Sambalpur, Berhampur and Cuttack, Zomato said in a statement.
“We’re happy to be of service to our users in Odisha who can now use Zomato to get alcohol delivered in addition to grocery and food delivery,” Zomato Vice President Rakesh Ranjan said.
Godrej Industries surges over 11%
#CNBCTV18Market | Godrej Industries at over 1-month high pic.twitter.com/M5BN9jnJWI
— CNBC-TV18 (@CNBCTV18Live) May 26, 2020
Sensex up 114 points, Nifty above 9,050
Indices erased gains as Sensex was trading 113.58 points or 0.37 percent higher at 30,786.17 while the Nifty was up 31.45 points or 0.35 percent at 9,070.70 at around 1.15 pm.
Ultra Cement, Titan, IndusInd Bank, Tata Steel, HDFC Bank, L&T, Nestle India, NTPC and Axis Bank were the top gainers.
Bharti Airtel, TCS, Bajaj Finance, HDFC, Tech Mahindra and Hero MotoCorp were the losers.
JK Tyre crosses 2 crore units’ production milestone of trucks, bus radial tyres
JK Tyre on Tuesday said it has crossed 2 crore units production milestone of trucks and bus radial (TBR) tyres.
The company had achieved the distinction of crossing the 1 crore production mark of TBRs in August 2016, JK Tyre said in a statement.
Commenting on the feat, JK Tyre Chairman and Managing Director Raghupati Singhania said, “As a pioneer and market leader, we remain committed to driving innovation and bringing products for our fleet customers that are high on efficiency, safety and cost effectiveness”.
The company will continue to work towards strengthening its position through technology and revolutionary sustainable mobility solutions, he added.
TVS Motor cuts staff salaries by up to 20% for 6 months
TVS Motor Company has cut staff salaries by up to 20 percent for a period of six months, beginning May, amid coronavirus pandemic.
The two-wheeler major has decided to reduce salaries at executive level, barring entry level workmen, from May till October this year.
“In the wake of the unprecedent crisis, the company has rolled out a temporary salary reduction across different levels for a period of six months (May to Oct, 2020),” a TVS Motor Company spokesperson told PTI.
The spokesperson added that there will be no salary reduction at the workmen level.
ITC shares jump nearly 5% on Sunrise Foods deal
Shares of ITC on Tuesday gained nearly 5 percent after the company said it will fully acquire spices manufacturer Sunrise Foods Private Ltd (SFPL).
The scrip rose by 4.61 percent to Rs 194.95 on BSE, and 4.61 percent to Rs 194.95 on NSE.
While the company did not disclose the value of the deal, sources said it is valued around Rs 1,800 crore to Rs 2,000 crore.
The company on Sunday said it has signed a share purchase agreement with SFPL which will augment its product portfolio and is also aligned to its aspiration to significantly scale up its spices business and expand its footprint across the country.
FMCG companies to push value packs in rural markets
FMCG companies working on strategies to push rural demand. Companies such as Dabur, Nestle, Parle Products to push value packs into rural markets, Sources to @PriyaSheth7 pic.twitter.com/cihOEQRdXK
— CNBC-TV18 (@CNBCTV18Live) May 26, 2020
Sensex above 30,500, Nifty at 9,093
Indices continued to remain in the green as Sensex was 172.38 points or 0.56 percent higher at 30,844.97 while the Nifty was up 54.05 points or 0.6 percent at 9,093.30 at around 12.40 pm.
Ultra Cement was the major gainer in the Sensex pack zooming over 5 percent. Other gainers included Titan (4.32 percent), IndusInd Bank (3.64 percent), HDFC Bank (3.15 percent), Tata Steel (3.08 percent), L&T (2.87 percent) and Nestle India (2.84 percent).
Bharti Airtel, TCS, Bajaj Finance, HDFC, Hero MotoCorp, HCL Tech and Kotak Mahindra Bank were among the losers.
HDFC shares fall around 2% after Q4 earnings
Shares of housing finance firm HDFC Ltd on Tuesday fell by nearly 2 percent after the company reported a 10 percent decline in consolidated net profit for the fourth quarter ended 31 March.
On BSE, the stocks declined 1.55 percent to Rs 1,493. They fell 1.55 percent to Rs 1,492.60 on NSE.
The housing finance firm on Monday reported a 10 percent decline in consolidated net profit to Rs 4,341.58 crore for the fourth quarter ended 31 March.
The company’s net profit (before adjustment of minority interest) was Rs 4,811.26 crore in January-March quarter of 2018-19.
Maruti introduces comprehensive safety norms at True Value outlets
Maruti Suzuki India (MSI) on Tuesday said it has introduced comprehensive safety norms at its pre-owned True Value outlets across the country to operate during the coronavirus pandemic.
The company’s True Value network comprises 570 outlets in 280 towns and cities in India.
The guidelines and standard operating procedures (SOPs) ensure maximum hygiene, sanitisation and safety for customers, MSI said in a statement.
The SOPs have been implemented in line with government advisories on COVID-19, it added.
JSPL shares zoom 10% after strong Q4 results
Shares of Jindal Steel and Power Ltd (JSPL) on Tuesday rallied 10 percent after the company reported a consolidated net profit of Rs 305.62 crore during the quarter ended 31 March 2020.
The stock advanced 9.95 percent to Rs 106 on BSE. On NSE, it jumped 9.93 percent to Rs 106.20.
JSPL on Monday reported a consolidated net profit of Rs 305.62 crore during the quarter ended 31 March 2020.
The company had posted a net loss of Rs 2,713.34 crore in the year-ago quarter, JSPL said in a BSE filing.
PayNearby partners with IndusInd Bank for contactless payments
PayNearby, a fintech startup has now expanded its hyper local discovery and purchase application ‘BuyNearby’ for pan-India operations with IndusInd Bank as digital payment partner.
Besides local kiranas, the platform hosts a wide range of retailers including – grocery stores, pharmacies, sweet stores, supermarkets, milk & dairy products, branded specialty stores, gift shops, and meat shops, among others thus catering to a wide range of customer needs.
This app, in addition to helping order from nearby retail stores, will also enable the citizens to make UPI, BHIM Aadhaar and other Digital payments on the platform built by PayNearby in partnership with IndusInd Bank.
Customers can now identify their nearest local kirana store and conveniently order anything while choosing from a wide range of products.
Besides easy access to daily essentials, the interactive app allows customers to pre-order and pre-schedule deliveries, with the option to pay digitally, thus helping observe social distancing and also championing honorable prime minister’s vision for going local.
GAIL up over 1%
#CNBCTV18Market | GAIL up over 2% from lows pic.twitter.com/Wbvj6Vvyf1
— CNBC-TV18 (@CNBCTV18Live) May 26, 2020
Rural insurtech platform GramCover raises Pre-Series A funding
GramCover, rural insurtech platform, announced today that it has raised pre- Series A funding from EMVC, Flourish, and Omidyar Network India. Existing investor Omnivore also participated in this round.
GramCover is de-risking rural India by leveraging technology and its point of sale (POS) network to make insurance accessible for all. The company is creating a seamless ecosystem for delivery of insurance products including crop, livestock, health, motor, life, and asset insurance that address the needs of rural India.
Based in Noida, GramCover was founded by Jatin Singh, who earlier launched Skymet, the private weather company.
Commenting on the pre-Series A funding, Jatin Singh, Co-Founder of GramCover, noted, “With GramCover already having achieved breakeven on the bottom line, we are well-poised to make further investments to grow our reach and develop new lines of business. Our vision is to cater to 5 million rural consumers in next two years.”
Sensex rises 168 points, Nifty above 9,000-mark
Indices remained volatile as Sensex was trading 167.95 points or 0.55 percent higher at 30,840.54 while the Nifty was up 56.25 points or 0.62 percent at 9,095.50 at around 12.15 pm.
Ultra Cement, Titan, IndusInd Bank, HDFC Bank, L&T, Tata Steel, Axis Bank, Nestle India, ONGC and NTPC were the top gainers.
Bharti Airtel, TCS, HDFC, Bajaj Finance, Hero MotoCorp and HCL Tech were among the losers.
Chhattisgarh to give agriculture status to lac cultivation
The Chhattisgarh government has decided to consider lac cultivation as an agriculture activity in the state and promote its farming as a livelihood option for farmers, particularly those living in remote and forest areas, officials said on Tuesday.
Lac is a scarlet-coloured resin secreted by an insect called ‘’laccifer’’ or ‘‘kerria lacca’’ that makes its home on trees. The resin is scraped off from trees, dried and processed to form lac which is used in jewellery and leather industries, they said.
Chief Minister Bhupesh Baghel gave his consent on Monday to accord the status of agriculture to lac cultivation in the state, a public relations official said.
A proposal on this was earlier submitted to the chief minister by the states forest department in a bid to make lac farming a profitable endeavour for cultivators, he said.
Max Financial stock rises over 1%
#CNBCTV18Market | Sharp surge in Max Financial ahead of Q4FY20 earnings pic.twitter.com/Psn1aJ2NX3
— CNBC-TV18 (@CNBCTV18Live) May 26, 2020


Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions
Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.
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