Analysts expect firms to shift focus to online platforms to boost sales in these Covid-19-impacted times.
The upbeat earnings from Reliance Industries will set the tone for the truncated week ahead
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.
Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
'It really doesn't matter that investors getting allotments sell their IPO stock holdings on listing day because a new set of investors are entering.' 'This explains the continued rise in stock prices even after the first day of listing.'
Auto sales in April have started showing the impact of lockdowns that has put the brakes on the recovery of the sector, a report said on Tuesday. With more states announcing lockdowns and some more OEMs expecting to go for maintenance shutdowns, as many as 50 per cent of the dealers are likely to be impacted by the move, it added. However, the full-year prospects remain positive if the COVID wave recedes in the April quarter and the vaccination drive goes as planned, brokerage firm Centrum said in the report.
The yellow metal now trades at a 0.5 per cent premium over its landed cost, compared to a 4 per cent discount in mid-September because jewellers have voluntarily withdrawn the display of cash price from their website.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
The offers mostly include free insurance, exchange bonus, and free accessories
The partially convertible rupee closed at 61.31/32 per dollar, unchanged from its Tuesday close.
The stock market historically exhibits volatility on Budget day.
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
Recovery seen in Q4, companies continue to focus on enhancing cash flow
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.
If you are scouting for a property, finalise the deal within the next seven months and benefit from this measure, suggests Bindisha Sarang.
This is Maruti's first experiment with hybrid technology.
The Centre has taken several measures such as creating a buffer stock of 40,000 tonnes and sale of imported pulses at cheaper rates to give relief to the common man.
The maker of Pulsar and Discover reported a net profit of Rs 1,138.20 crore in the second quarter, compared to Rs 1,402.42 crore a year ago.
Markets climb higher tracking global cues.
Pick bright bold colours, stay sexy and win hearts.
With festive season coming up, most online shopping portals are offering great discounts on almost all products like t shirts, shirts, tops, kurtis, accessories, furniture, gadgets, jewellery, home dcor and more. Out of all the sites that offer huge discounts, only a few are genuine. How do you ensure that you are getting the best deals online? Here are a few tips that will make you a smart online shopper.
Lenders have become worried as some dealers were not using the money provided to them for car financing.
Now, in many cases, they give no old jewellery but the bills they get show gold as provided by them, the jeweller's making charge and the GST on that.
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.
The Budget oration of the finance minister and the confidence with which she delivered it, along with the measures and the recent upsurge in the economy would all contribute to unleashing the storied 'animal spirits' and help the economy run on the growth path quite smoothly. Or so the government hopes, notes Shreekant Sambrani.
The NSE Nifty ended up 19.65 points, or 0.20 per cent, at 9,788.60 after shuttling between 9,854 and 9,775.35 during the day.
Onion has become costlier by over 33 per cent in the last one week and over 70 per cent in September so far, reports Dilip Kumar Jha.
Large number of buyers has put purchases on hold because of a combination of factors, including high fuel prices, higher insurance cost, and firm interest rates.
PMO being sent daily updates on food cost situation in four major metropolitan cities to ensure no unusual flare-up.
The challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector.
The Centre has decided to create a buffer stock of 350,000 tonnes.
PSB chiefs tried to argue that liquidity is in surplus in the system and the problem was related to lack of demand in the economy, instead of banks' reluctance to lend, but 'the FM said it is a perception issue that loan is not available, which we need to dispel,', reports Somesh Jha.
Across the board, demand would appear to be slacker than it should be if we are headed for a healthy recovery.
Longest period of price-earnings expansion in the index since 1996
The entry level car, brainchild of Ratan Tata who envisaged giving a safer and affordable alternative to families riding on two-wheelers, received lacklustre response from the Indian consumer. Tata Motors to bid adieu to Nano from April 2020.
Markets end in red; bluechips struggle to keep pace.
Gold jewellery exports may decline by about 50 per cent in this financial year from last year after government restrictions reduced the availability of raw material, Gitanjali Gems Chairman and Managing Director Mehul Choksi said.
Pessimism largely emanates from the fact that the volume outlook for FY20 isn't encouraging at the moment.
Investors must be prepared to believe that things will get better eventually, no matter how bad the current situation may look. If you don't possess this optimism, you will not possess the courage to invest and if you don't invest, you don't give yourself any chance to get wealthy, says Devangshu Datta.
These sectors are seeing a marked slowdown, as consumers are postponing purchase decisions amid uncertainty and severe cash crunch, report Ram Prasad Sahu, Sheetal Agarwal & Ujjval Jauhari from Mumbai.
