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2 mins read

Indian manufacturers see softer increases in new business, output in August: PMI

In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction. …

PTI   


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FADA urges banks to tighten funding to dealers as rains play spoilsport in August

Auto sales in India experienced a significant decline in August 2024, primarily due to excessive ra…

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1 min read

Auto sector poised for robust growth in July 2024 with double-digit surge in two-wheeler sales: Anand Rathi report

The surge is attributed to solid retail demand, estimated at approximately 15 per cent y/y, strateg…

ANI   


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Indian auto component industry turnover grows 9.8% in 2023-24; outlook positive: ACMA review

The turnover stood at Rs 6.14 lakh crore (USD 74.1 billion) during the year, said the ACMA, the bod…

ANI   


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3 mins read

Stock markets end on positive note despite early setbacks

The BSE Sensex ended the day with an uptick of 131.18 points closing at 77,341.08. Meanwhile, the b…

ANI   


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1 min read

China's EVs are fueling a big oil demand slowdown

China's oil demand growth is down this year, mostly due to the country's massive shift to EVs and …

Kelly Cloonan   


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2 mins read

Significant decline in job growth in FY24, IT and Textile sector labelled 'job destroyers', notes recent BoB report

India Inc. saw a significant slowdown in employment growth, with an increase of just 1.5% in FY24, …

ANI   


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Consumer staples volume will grow in the coming quarters, notes Motilal Oswal report

A marked growth is visible in the consumer staple segment, and the trajectory in volume improvement…

ANI   


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'Strong' Walmart results come as a relief for the retail sector

Walmart posted better-than-expected sales for its second quarter and raised its profit outlook, sen…

Grace Dean   


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3 mins read

Retail auto sales grow by 13% in February, but elevated inventory levels a concern

The Indian auto industry reported a 13% growth in sales in February 2024, with all the segments rep…

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2 mins read

Domestic passenger vehicle wholesales dips 2.5% at 3,41,510 units in July: SIAM

The sales were impacted by high base effect as well as companies reducing vehicle dispatches to dea…

PTI   


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Amidst slowdown, noodle and biscuit sales see an uptick in rural areas

Even as FMCG sales growth has been moderating on a sequential basis, sales of noodles and biscuits …

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2 mins read

Manufacturing sentiments, domestic demand up in Q1 FY25, notes FICCI survey

Manufacturing sentiments in India have shown an improvement in the first quarter of the financial y…

ANI   


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4 mins read

PV sales to shift gears courtesy festive season but 2-wheelers’ struggles to continue

The auto sector has been recovering, albeit slowly, after the pandemic. The second quarter of the c…

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3 mins read

Budget 2024 Expectations: FAME scheme, aid for vehicle scrapping and other expectations of the auto industry

The auto industry eagerly awaits Budget 2024 with expectations like FAME 3 scheme, incentives for h…

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3 mins read

India may boost FY25 capex by 8-10% amid surging revenues and record RBI surplus, says Market Kaleidoscope report

This fiscal boost comes as India reaches a historic financial milestone. The total market capitaliz…

ANI   


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2 mins read

Stock market today: Indexes rise after retail sales boosts confidence on the consumer and the economy

Indexes rose after a surprise 1% jump in retail sales. Bond yields jumped as traders dialed back fe…

Kelly Cloonan   


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6 mins read

Three wheelers see record sales as auto sector posts 9% growth between April-September

Three wheeler sales in the first half of the current financial year (FY24) have hit a record and be…

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2 mins read

Passenger vehicle retail sales dip 7% in June as heatwave curtails showroom visits

"Despite improved product availability and substantial discounts aimed at stimulating demand, m…

PTI   


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Stock market today: Nifty, Sensex open in green; Wipro, Tech Mahindra take lead in early trade

During early morning trade, Eicher Motors, Wipro, Tech Mahindra, HCL Tech and ONGC were leading, wh…