Global gold demand hit an 11-year low in 2020 at 3,759.6 tonnes, mainly due to a weak October-December quarter and the COVID-19 related disruptions across the world driving a muted consumer sentiment throughout the year, the World Gold Council (WGC) said in a report. The overall consumer demand during 2019 was at 4,386.4 tonnes, while in 2009 the overall demand was at 3,385.8 tonnes, according the WGC's 2020 Gold Demand Trends report. Global gold demand dropped by 28 per cent year-on-year (YoY) to 783.4 tonnes in the fourth quarter compared to 1,082.9 tonnes during the October-December period of 2019, the report stated.
Despite low tariffs, voice usage is not growing.
Profitability and cash reserves have halved since the global financial crisis.
ICICI Bank was the top loser along with index heavyweights RIL, ITC and HDFC.
27 large listed firms give double-digit hikes to top executives despite a decline in net profit.
The number of issues were the lowest since FY15, compared to 45 in FY18.
The combined assets of the top five - Tata Consultancy Services (TCS), Infosys Technologies, Wipro, HCL Technologies and Tech Mahindra were down one per cent to Rs 27,7400 crore at the end of 2017-18, from Rs 28,0100 crore a year before.
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DMart's everyday low pricing model is being replicated aggressively by most players (online as well offline retailers), compelling the firm to keep prices down significantly.
Total net debt-equity ratio improves for third consecutive year, while investment in new projects hits a 10-year low, says Krishna Kant.
Gains in auto shares helped offset losses in select index heavyweights led by Infosys.
It has 18.9 per cent share of the market, down from 22.6 per cent for the third quarter of 2018 while Xiaomi has 27.1 per cent share.
The mind block against online education is crumbling and the demand may be led not just by parents but also teachers.
'Usually, customers who don't get loans from banks approach NBFCs.' 'This is one reason NBFCs price their loans costlier than PSBs or private banks.' 'NBFCs will have higher delinquencies levels than private banks for most products.'
'In India, the impact will be less than 1% of employee headcount.'
Despite a slowing economy, the Budget does not envisage any major stimulus through the budgeted fiscal deficit figures, said Goldman Sachs.
But Down Under is a tough call due to shipment time and quality control issues.
Infosys, however, cut 2017-18 revenue growth guidance to 5.5-6.5 per cent from 6.5-8.5 per cent in constant currency.
As a percentage of the aggregate Budget expenditure, it is 12 per cent.
Gains were led by index heavyweights Reliance Industries and Infosys.
Increase in tax exemption limit by Rs 50000 is positive for the FMCG sector, as it will leave more discretionary income in the hands of consumers.
So far, the current year has not been great for the leading car exporters from India. In the top five list of exporters -- Hyundai, Ford, Maruti Suzuki, General Motors and Volkswagen -- it is only Hyundai which is clocking a growth.
Earning woes drag markets lower; TCS, HUL lead fall.
Paytm Travel claims to have a base of around 13 million customers, a threefold increase over the user base in FY17. While significant, it is but a fraction of Paytm's wallet user base of more than 300 million.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
EcoSport accounts for almost 40 per cent of the cumulative one million units sold by Ford in India till date, which is a reason why more than half of its future launches could be SUVs.
Playing in Nifty futures is tricky and one should not trade unless you have ample time to devote to your trading activities, says market expert Pranav Sanghavi.
The prime minister must get a consensus from his allies to set up a transparent process to channelise the billions of dollars into bettering India's infrastructure.
'The increasing mix of fixed price contracts is helping us improve productivity by bringing in more automation.'
Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indces slipping 0.8%-1.1%
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
The Indian PC market grew 24 per cent over the third quarter figures of 2005 to exceed the 1.4 million shipment mark
BSE Midcap and BSE Smallcap indices registered an uptick of 0.06%, and 0.05%, respectively
While the farmers are not getting remunerative prices for their produce, at the same time they are forced to pay high prices for items they consume.
Gold prices in the country may even dip to Rs 20,500 per ten grams.
TVS should be prepared for a rough ride as Bajaj Dominar, Mahindra Mojo, Royal Enfield Classic 350 and many others are stepping on the gas for a slice of this category.
The Asian markets are largely trading in the green, taking heart from a positive close on Wall Street.
Combined sales at top four manufacturers - Tata Motors, Ashok Leyland, Volvo Eicher Commercial Vehicles, and Mahindra and Mahindra - dropped 20 per cent to 20,324 units in November
The increase in bookings has also meant a significant reduction in overall costs for the online travel agencies and a consequent narrowing of losses.
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