Ahead of the peak festive season, India's passenger vehicle makers are staring at a cumulative order backlog of nearly 500,000 units as chip shortage continues to cripple production. The crisis is forcing companies to change their production plans frequently and take a call on the variants they can manufacture based on the availability of semiconductors. The booking numbers are not a true reflection of demand, said manufacturers.
Bollywood is ready with its line-up of theatre releases, but it remains to be seen whether we will get to watch these movies in theatres this year.
The Central Pollution Control Board on Monday reviewed the air quality in Delhi-NCR observing that the contribution of stubble burning may rise in the next five days with the AQI fluctuating between 'very poor' and 'severe' categories.
The Bombay Stock Exchange's benchmark Sensex is likely to hit the much awaited psychological level of 21,000 this week, driven by the smart Reliance numbers and expectations of robust listing of the Coal India IPO, say analysts.
Despite demand, gold jewellery sales are likely to decline by up to 60 per cent this festive season due to stock crunch following restrictions on imports, according to industry experts.
Bajaj Finserv was the top gainer in the Sensex pack, rallying over 9 per cent, followed by Titan, Bajaj Finance, Kotak Bank, Bharti Airtel, Nestle India and NTPC. On the other hand, Reliance Industries, IndusInd Bank, Sun Pharma, Axis Bank, ONGC and HUL were among the laggards.
Because it costs a shit-ton of money. Full disclosure: I won't accept a wedding ring that costs Rs 1L or less. But Rs 1L and more seems like a LOT of money. Enough for me to think about better ways to spend it. Stocks? Mutual Funds? SIPs? *GASP* NFTs and Crypto?
BSE market breadth was neutral with 1,383 stocks on the advancing side and 1,361 stocks on the declining side.
Further downside seen amid high commodity prices, tight liquidity.
Making the things worse, those hitting their record low share prices included big names like Reliance Power, Cipla, Ranbaxy, Ambuja Cement, Hindalco, Indian Hotels, Jaiprakash Associates, Jet Airways, Suzlon Energy and Idea Cellular. Realty majors DLF Ltd, Unitech, Parsvnath, Sobha Developers, Omaxe and Puravankara also plunged to their all-time lows.
Market chat expert Pranav Sanghavi offers some valuable tips on stock market.
The benchmark Sensex gained 4,642.84 points, or 16.%, while the broader NSE Nifty surged 1,572.85 points, or 18.20% during this period.
Union Environment Minister Harsh Vardhan welcomed the apex court's order and urged people to abide by the SC guidelines and 'give green Diwali and our environment a chance'
A strong rally in the stock market, the biggest in the last two months, on Friday added an estimated Rs 1.5 lakh crore to the investors' wealth.
Analysts expect firms to shift focus to online platforms to boost sales in these Covid-19-impacted times.
'When fund managers talk of being bullish for the long term, they assume strong economic growth.' 'That is what they have assumed every year, naively believing the pronouncements and promises of ministers.' 'Unfortunately, they have been wrong year after year,' observes Debashis Basu, editor, www.moneylife.in.
At first glance, the last samvat the year as reckoned by the lunar calendar, from one Diwali to the next has seen decent gains for equity investors.
Most companies were working on Rs 65-66 to a dollar.
In domestic market, gold prices had peaked to Rs 39,011 per 10 grams in September and are now ruling at Rs 38,800 per 10 gram.
A Ganesh Nadar speaks to onion farmers in Nashik, India's largest wholesale onion market, about the high prices.
Discover a hidden gem in Mumbai where you'll find the city's best brownies.
Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the $73-mark to quote at a seven-month low of $72.65
Automobile dealers' body FADA on Monday said passenger vehicle (PV) retail sales in October witnessed a year-on-year decline of 8.8 per cent to 2,49,860 units, as registrations slowed down owing to supply issues. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,257 out of the 1,464 regional transport offices (RTOs), PV sales stood at 2,73,980 units in October 2019. Two-wheeler sales declined 26.82 per cent to 10,41,682 units last month, as compared to 14,23,394 units in October 2019.
DSE, which is gearing up to resume its operations this diwali after a gap of about seven years, is in talks with various closed regional stock exchanges across the country to provide them its trading platform. Though there is no official confirmation on the names of the regional bourses, sources at DSE say talks with stock exchanges in Indore, Ludhiana, Jaipur, Ahmedabad, Kanpur and Bangalore are in the final stages.
The Muhurat trading on the Bombay Stock Exchange will be held on Friday, November 9. According to a release issued by the BSE, the exchange will be open for trading between 6 pm and 7 pm on Friday
Gold prices on Friday reached an all-time high of Rs 14,200 per 10 gram in the Delhi bullion and analysts said the trend is likely to continue in the coming days.
The growth momentum that started during the festival season is likely to sustain in the new year, reports Arindam Majumder.
Stock clearing to rain discounts on consumers in June ahead of GST rollout.
The BSE Sensex may surpass the much-awaited 21,000-mark before the festival of Diwali, driven by the strong FII interest, analysts said.
Let alone a discount, they might not even get the model, variant or colour of choice in BS-IV-compliant vehicles.
While the numbers of fresh COVID cases and active cases are going up, the administration is focussing on testing, contact-tracing and treatment.
The Bombay Stock Exchange and the National Stock Exchange will be open for the special Diwali 'Muhurat' trading on Tuesday evening from 1805 hrs to 1920 hrs, to mark the beginning of the Hindu new calendar year 'Vikram Samvat 2062'.
Prospective buyers should look at peripheral location where infrastructural developments are happening that can be classified as growth corridors of the city.
The BSE Sensex rose on Wednesday to mark a record close as telecom firms such as Bharti Airtel surged on better-than-expected operating performance, while continued strong foreign flows also boosted sentiment.
Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.
Start-ups such as Max Wholesale, Jumbotail and ShopKirana are helping them place orders, maintain inventory, optimise delivery routes and make payments, all digitally.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
As advertising reaches a cacophonous pitch, as it does every year around this time, brands say they are finding newer and more effective ways to reach their audiences.
As Chhath Puja draws to a close tomorrow, we bring you some pics of the festival.