Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year. Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY). However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected.
Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy. The fear of less than optimal rainfall due to El Nino this year, analysts believe, is the biggest short-term risk for the markets, which they said has not been fully priced in yet by them. Monsoon set over Kerala on June 08, a week later than its scheduled date.
'They had come to tell the government what their problem is (with the three farm laws) and cautioned the government that if you don't solve our problems we will continue our agitation.'
The accident between a passenger van and a tractor trailer took place on Saturday on Highway 401 in the Quinte West city in Southern Ontario, The Canadian Press reported.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
In a statement, the SKM, an umbrella body of 40 farmers' unions, said the struggle will continue to get all demands of the protesting farmers fulfilled and all announced plans are underway.
A nationwide agitation was held on the call of 'December 8 Kisan Mahaandolan' as protesting farmers vociferously reiterated their demand of repealing the new farm laws, which they have termed as "kala kanoon".
Emotions ran high as the farmers performed ardas (prayers) and havan to thank the almighty and started their 'victory march' from Singhu, Tikri and Ghazipur protest sites to Punjab, Haryana and Uttar Pradesh in convoys of tractors, bedecked with colourful flowers and lights and blaring songs of jubilation.
Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday said describing India's recovery as 'K-shaped' was wrong as both rural and urban economies were recovering, albeit at different paces. Speaking to reporters at the Finance Ministry, Nageswaran said the gross domestic product (GDP) growth print for the recent October-December quarter (Q3FY23) will likely be revised upwards. "The notion of using the letter 'K' to denote urban and rural is somewhat wrong because it is almost as if one is growing and one is contracting. "I would say one segment's slope is more positive, and the other one slope is less positive but it is positive," Nageswaran said.
'Scuffle' between wrestlers protesting at Delhi's Jantar Mantar, police personnel
This is the second time in a week that the Karnataka state capital is witnessing such severe waterlogging.
Earlier in the day, former India spinner Pragyan Ojha said the country knows how important farmers are and an outsider's opinion is not needed on an internal matter.
'Just because of my background and poor academic qualifications, most people disbelieve what I have done.'
The "MSP Dilao, Kisan Bachao mahapanchayat", called by Bharatiya Kisan Union (Charuni), was being held at a grain market in Pipli close to National Highway-44 which was blocked by farmers a few days ago demanding that the government procure sunflower seed at MSP.
There will be a lot to repair and rejuvenate -- if that opportunity even presents itself, warns Rathin Roy.
83% of the CEOS plan to hire more in the new year.
Falling incomes and longer winter to translate into lower demand for at least some months.
Police personnel in adequate strength were deployed across the state to maintain law and order, officials said.
In May, Satpal Singh, who runs a dairy business with three buffaloes in Jewar, near Noida, was worried about the steep spike in input costs. Singh said dry fodder rates, which cost Rs 1,500-2000 per tractor trolley last year, were quoting at Rs 4,500-5,000. The price of other cattle feed ingredients (that include mustard meal and similar mixes) had also gone up from Rs 2,000 per quintal to Rs 3,100-3,200 per quintal.
Our focus is not on substance, but communicating how we did not shake hands and how we made angry faces. This is what India's foreign policy has become, notes Aakar Patel.
Sources claimed that in the meeting, it was also discussed to close the Red fort from 20th January to 27th January and a clarification was sought from Delhi Police.
The crowd at the protest sites in Delhi's Singhu and Tikri borders was visibly thin on Thursday two days after the tractor parade turned violent, even though the farmer unions said it was because the protesters, who had come to the national capital to take part in January 26 march, have returned home.
Analysts said the demand recovery in two-wheeler and car segments was skewed towards the semi-urban and rural markets.
The Supreme Court Wednesday refused to entertain pleas seeking time-bound probe, including by an apex court-appointed commission, into the tractor rally violence in the national capital on the Republic Day saying the government is already inquiring the matter and the Prime Minister has stated that law will take its own course.
'If you keep on irritating the body by allowing all kinds of pollutants to get into it, the body cells are going to get irritated and cancer will come.'
The AIMTC supports the farmers as 65 per cent of the trucks are engaged in carrying farm produce.
The Delhi police's Special Cell has lodged an FIR under sections of the Unlawful Activities Prevention Act (UAPA) and sections of the IPC dealing with sedition to investigate the violence at Red Fort in Delhi on January 26.
It may be a little early to cheer the recovery in the fast-moving consumer goods (FMCG) space as a deceleration in discretionary demand, after the festival season, may offset fragile rural recovery, analysts have cautioned. "The overall demand environment for staples remains muted, while discretionary demand trends have seen some deceleration after the festival season. "We believe margins in staples have bottomed out, but we expect only a gradual uptick with the ongoing softening in raw material prices.
The World Bank on Tuesday projected India's economy to grow at 8.3 per cent in 2021 and 7.5 per cent in 2022, even as its recovery is being hampered by an unprecedented second wave of the COVID-19, the largest outbreak in the world since the beginning of the deadly pandemic. The Washington-based global lender, in its latest issue of Global Economic Prospects released here, noted that in India, an enormous second COVID-19 wave is undermining the sharper-than-expected rebound in activity seen during the second half of Fiscal Year 2020/21, especially in services.
The demand for minerals, boulders and sand is so great that it has fueled a black market and the goons who control this trade do not hesitate to kill law enforcement officers and reporters who have tried to expose them.
Automobile retail sales in India clocked best-ever performance last month aided by robust registrations across segments including passenger vehicles, two-wheelers and commercial vehicles, automobile dealer' body FADA said on Friday. The overall automobile retail sales rose by 26 per cent to 23,80,465 units last month, as compared with 18,93,647 units in November 2021. "November 2022 has clocked highest retails in the history of Indian automobile Industry with March'20 as an exception when retails were higher due to BS IV to BS VI transition," Federation of Automobile Dealers Associations (FADA) president Manish Raj Singhania said in a statement.
Bollywood stars Akshay Kumar, Ajay Devgn, filmmaker Karan Johar and Suniel Shetty on Wednesday said citizens should focus on the government's efforts to resolve the ongoing farmer crisis rather than paying attention to "half truths" and those "creating differences."
Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.
Dealers say that the full-year outlook remains negative with a projected contraction in retail sales of 15-35 per cent across segments, save tractors, which look set to clock a positive annual growth.
By late evening, a large group of them had reached the road toll plaza at Panipat, about 100 km from Delhi. Bhartiya Kisan Union (Haryana) leader Gurnam Singh said the protesters planned to spend the night there and will resume the march the next morning.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
Passenger vehicle retail sales in the country rose 40 per cent in June indicating an improvement in semiconductor supplies even as demand, especially for SUVs, remained robust, auto dealer' body FADA said on Tuesday. According to the Federation of Automobile Dealers Associations (FADA), passenger vehicle (PV) registrations rose to 2,60,683 units last month, as compared to 1,85,998 units in June 2021, registering an increase of 40 per cent. "The PV segment continued to see robust growth. An increase in dispatches clearly shows that semiconductor availability is now getting easier," FADA president Vinkesh Gulati said in a statement.
No longer a discretion of the tax administrator, the audit of returns filed by taxpayers is now based on a selection by algorithms, notes Tarun Bajaj.
While rising interest rates and tighter liquidity are giving negative signals for the financial sector, increasing economic activity could mean higher business volumes for lenders. Liquidity in the banking system has moved from Rs 8 trillion surplus into a deficit of Rs 33,000 crore over the 2022 calendar year. By the end of November, bank credit had grown 17.5 per cent YoY (year-on-year).
