Goods from sectors, including agriculture, precious stones, chemicals, pharma, medical devices, electricals, and machinery may get impacted if the US will go ahead with imposing reciprocal tariffs on Indian products, according to experts. They said that these sectors could face additional customs duties from the Trump administration because of the high tariff differential or gap, which is the difference between the import duties imposed by the US and India on a product.
Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
Futures trading in natural rubber has always been a bone of contention for traders, growers and manufacturers for quite sometime in India.
These plantations are not only eating into the land occupied by the region's native forests, they could also disturb the ground water reserve and soil quality
Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices.
India's manufacturing sector growth eased slightly in July, on softer increases in new orders and output, while cost pressures and demand strength led to the steepest increase in selling prices since October 2013, a monthly survey said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) moderated slightly from 58.3 in June to 58.1 in July.
A senior bishop of the influential Syro-Malabar Catholic Church on Thursday said instead of saying in the US that there is no discrimination in India, Prime Minister Narendra Modi should try to convince the Christians in Manipur about that.
Wholesale inflation rate eased to 34-month low of (-) 0.92 per cent in April on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation has been on a declining trend for 11 months in a row and entered the negative zone in April. In June 2020 WPI was at (-) 1.81 per cent.
As romantic and refreshing rains are, it's that season of the year when functionality precedes fashion.
Shares of MRF crossed a first time Rs 100,000 mark, hitting a record high of Rs 100,300, up 1.4 per cent on the BSE in intra-day trade. on June 13, 2023. The stock surpassed its previous high of Rs 99,879.65, touched May 8, 2023. Thus far in the current calendar year 2023 (CY23), MRF has outperformed the market by gaining 14 per cent on improved financial performance.
The Thalassery archdiocese of the Catholic church has condemned the "misinterpretation" of its archbishop's statement on political martyrs and said the church has a history of respecting the martyrs.
B K Modi's last-ditch bid to wrest ownership control of Modi Rubber by bettering his offer seems to have failed, with financial institutions having a combined 44 per cent stake in the company committing to sell it to his brother V K Modi.
The action came after a 'jatha' of 101 farmers, who resumed their foot march to Delhi shortly after 12 noon on Saturday from the Shambhu protest site on the Punjab-Haryana border, reached the barricades put up by the Haryana security personnel.
Amid cooling raw material prices, the crude-oil linked companies, which includes paint and tyre firms, have been on a roll over the past one year. Shares of related companies have gained up to 84 per cent, as against a 14 per cent rise in the S&P BSE Sensex. Analysts, however, believe stretched valuations in both these sectors could trigger a de-rating.
A group of 101 farmers resumed their foot march to Delhi on Sunday to press the Centre for various demands, including a legal guarantee for Minimum Support Price (MSP). However, they were stopped at the barricading by Haryana Police who cited a prohibitory order clamped by the Ambala administration. The farmers have been pressing for various demands, including a legal guarantee for MSP, a farm debt waiver, pension for farmers and farm labourers, no hike in electricity tariff, withdrawal of police cases (against farmers), and "justice" for the victims of the 2021 Lakhimpur Kheri violence. Reinstatement of the Land Acquisition Act, 2013 and compensation to the families of farmers who died during the previous agitation in 2020-21 are also part of their demands.
The total turnover of tyre industry covering 36 companies stood at Rs 22500 crore.
IMAGES from Day 3 of the third Test between India and New Zealand at the Wankhede Stadium in Mumbai on Sunday
Overall, the BGauss RUV 350 is a feature-packed electric scooter with a unique design and competitive performance.
On an average most commodities are up between 20-30 per cent compared to a year ago levels.
Referring to an action against farmers by the security personnel deployed by the Haryana authorities at the Punjab-Haryana border, Pandher slammed paramilitary personnel for using "force" against farmers, leaving many injured.
It is pouring heavily not only in North India, but at Dalal Street too. However, the latter is seeing a flurry of initial public offers (IPOs). After a busy fortnight that ended on July 7 with seven IPOs - IdeaForge Technology, Cyient DLM, PKH Ventures, Pentagon Rubber, Global Pet Industries, Tridhya Tech, and Synoptics Technologies -- four more IPOs will hit the Street this week, including one mainboard IPO of Utkarsh Small Finance Bank. That apart, India's largest securities' depository National Securities Depository Limited (NSDL) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an IPO.
The bench said the petitioner must know that the high court has already passed certain directions on the issue.
In a strong response to the Union home ministry's letter on the ongoing farmers' agitation, the Aam Aadmi Party dispensation in Punjab on Wednesday wrote to the Centre saying it is 'completely wrong' to claim the state government was allowing gathering at the two border points with Haryana.
The last two days' recovery in commodity prices has done little to ease all-round fears of a global recession following the sharp dip in prices over the past three months. Nor are things likely to improve soon.
The Bharti Kisan Union (Ekta Ugrahan) will on Saturday hold dharnas outside the residences of three senior Bharatiya Janata Party leaders in Punjab on the fifth day of the farmers' protest over their various demands, including a legal guarantee for a minimum support price (MSP).
Ford Motor India would announce an across the board price hike next month, a top company official said on Wednesday.
Automobile manufacturers are likely to report strong numbers for the September quarter of Financial Year 2023-24 (Q2 FY24), riding on growth across segments and offset by a marginal drop in overall two-wheeler (2W) volumes. Higher average selling price (ASP) year-on-year (YoY), which was necessitated by price hikes taken by original equipment manufacturers (OEMs), and an improved product mix will also aid revenues and margins. Moreover, commodity prices are down on a YoY basis, leading to higher margins in earnings before interest, taxes, depreciation and amortisation (Ebitda).
The protesting farmers have been staying put at the Shambhu and Khanauri border points between Punjab and Haryana after their "Delhi Chalo" march was stopped by the security forces.
Haryana Police lobbed tear gas shells at farmers from Punjab at Shambhu border between the two states as thousands of protesters stayed put there on Wednesday, the second day of their 'Delhi Chalo' march.
The company sold about 1,000 trucks last year in special segments like mining, registering a growth of about 20-25 per cent.
The BCCI's Marketing Committee, which met in Mumbai on Wednesday, has kept the base price at Rs 31.25 crore plus one crore (Rs 32.25 crore) per international game for A category and Rs 33 crore plus one crore (Rs 34 crore) per game for B category.
The wholesale price-based inflation eased to a 29-month low of 1.34 per cent in March on easing prices of manufactured products and fuel items, even though food articles turned expensive.
Hyundai Motor India said on Friday it will hike prices of all models, including the flagship Santro, from this month-end because of higher input and freight costs.
Prices of Maruti passenger cars are likely to go up shortly, Jagdish Khattar, the managing director of Maruti Udyog Ltd, said in Chennai on Friday.
Under pressure from increasing input costs and shrinking margins, leading two wheeler manufacturer Hero Honda on Monday announced an increase in prices of its motorcycles by Rs 500 to Rs 2000 across various models.
A 21-year-old farmer was killed and a few others injured following a clash between security personnel and protesting farmers at Khanauri on the Punjab-Haryana border.
Farmers from Punjab clashed with Haryana police at two border points between the states on Tuesday, facing tear gas and water cannons as they tried to break past barricades blocking their protest march to the national capital. The police lobbed tear gas shells -- some of them dropped from a drone -- and tried to disperse groups of stone-pelting protesters in the face-off that last several hours at Shambhu border near Ambala in Haryana.
'While I was performing it, I had a weird feeling that people would love it because it's so bizarre.'
M&M president for automotive sector Pawan Goenka told reporters that there has been a surge in commodity prices, specially that of rubber and sheet metals, which has resulted in pressures on margins.
