A Deloitte study has found that the ‘purchase intent’ for electric cars – percentage of respondents preferring an EV as their next vehicle – has reduced from 54% at the beginning of 2023 to 48% by October 2023. This is despite the fact that more electric cars were launched in India this year than hybrids […]
Eicher Motors reported standalone Ebitda of `860 crore, 3% below our expectations due to weaker gross margin print. Gross profit and Ebitda per vehicle remained flattish on a q-o-q basis despite commodity tailwinds mainly on account of a weaker product mix (higher mix of Hunter). While newly launched Hunter 350 continues to do well, we […]
Wall Street’s main indexes gained on Friday as Apple’s upbeat results underscored resilience in corporate earnings, while a stronger-than-expected jobs report eased fears of an imminent economic downturn.Apple Inc gained 4.4% on better-than-expected results, helped by strong iPhone sales and notable inroads in India and other newer markets, fuelling a near 2% advance in technology […]
Indian benchmark indices are likely to open on a flat note, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were mildly in the green, up 0 points, at the 17,809 level. Markets extended their rally on Wednesday, ending higher after trading with cuts for most of the session. Nifty gained 42 points to settle […]
The food ministry on Thursday urged the edible oil retailers to pass on the benefits of the downward trend in global edible oil prices to consumers. “With the edible oil prices beginning to show a downward trend and set to witness further reduction to be made by the edible oil industry, the Indian consumers can […]
By Bhavik Patel Oil prices are trying to recover after a sharp fall on Wednesday. After three days of significant loss, price is near the oversold region. The fall was initiated after two bank collapses in the US last week which ignited fears of industry meltdown. To make matters worse, the collapse in US banks […]
Shares of U.S. banks are taking a beating in December, as worries over an expected recession and weakening profit margins dull the industry’s appeal.The S&P 500 banks index has slumped some 11% this month against a 5.5% drop for the broader index in the same period. Among the hardest hit were shares of Bank of […]
Shares of Zee Entertainment Enterprises Limited (ZEEL) on Monday tumbled over 6 per cent in the mid-session trade even as NCLAT stayed the insolvency proceedings against the media house last week. The stock of the firm plunged 6.44 per cent in the mid-session trade at Rs 183 on the BSE. During the intra-day trade, the […]
There has been a sharp spike in edible oil imports during the first five months of the current oil year (November-December) due to softening global prices of palm, soybean and sunflower oils. According to the Solvent Extractors’ Association of India (SEA), edible oilhttps://www.financialexpress.com/about/edible-oil/ imports rose by 23.7% to 6.98 million tonne (MT) during the November-March […]
By Suneet Singh Kochar Presently, industries worldwide communicate in a language that is diverse, adaptive, and consistently evolving. So, to keep up with the competitive times and succeed in this unified space, students turn towards overseas education, wherein a progressive course communicates with the student’s aspirations. Overseas Education Students It is to be noted that […]
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