Domestic producers of hot rolled steel, the intermediate that is used by automobile and consumer durables manufacturers, have emphatically ruled out the possibility of dropping prices ahead of the imposition of a safeguard duty on imports.
The hike in prices of these items has come about over and above milk, onion, garlic, and other vegetables which have become expensive in the past few weeks.
Led by fast-growing sectors such as telecom, consumer durables and real estate, HR experts feel that hiring is most likely to jump.
The Sensex ended 107 points higher at 19,799 today, and has gained around 560 points in the last three days.
This Dhanteras, try a newer way to invest in those precious metals, without having to worry about its safety.
The move aims to increase operating efficiency and establish greater autonomy at the operating level in the company's India operations.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The company has entered into a brand licensing agreement with Global Brands Enterprise Solutions, a firm promoted by Chinese white goods player Haier's former India head Pranay Dhabhai.
The market breadth was slightly in the negative. Out of the total 2927 total stocks traded on the BSE, 1388 stocks have advanced, while 1402 stocks declined.
India's top listed companies reported their best-ever quarterly net profit of Rs 2.39 trillion in the September quarter of FY22, up 46.4 per cent year-on-year. The earnings were driven by a big surge in the profitability of banks, non-banking financial companies & insurance (BFSI), oil & gas, and metal & mining firms. The combined net profit of these three cyclical sectors were up 87 per cent YoY to a record high of Rs 1.53 trillion, up from Rs 82,000 crore a year ago and Rs 1.08 trillion in Q1FY22.
As a part of its localisation strategy, the $13.9 billion Chinese consumer durables major, Haier's Indian operations on Friday announced the acquisition of Daewoo Anchor Electronics in India.
Korean consumer durables major Samsung on Wednesday introduced 60 new products across all categories in India with an eye on achieving a 40 per cent jump in sales to $ 4.9 billion in the country by year-end.
Panasonic India, the consumer durables and electronics major, on Monday announced the launch of its new camera phone Panasonic X300.
Official sources said Verizon's license application was under process and "there should be no problem in issuing them letters of intent for national and international long distance (NLD/ILD) business".
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