India's manufacturing sector activity re-entered the growth territory in August, driven by a rebound in production volumes and new work, amid an improvement in customer demand following the resumption of business operations, a monthly survey showed on Tuesday. … [Read more...] about Manufacturing sector activity returns to growth in Aug
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SINGAPORE: Asia will likely import record volumes of liquefied petroleum gas (LPG) in 2020 as firms snap up the fuel to make petrochemicals used in protective gear against the coronavirus, while households under lockdown ramped up purchases for cooking.The region will buy some 67-69.5 million tonnes of the gas from abroad this year, surpassing last year's record, analysts from consultancy firms IHS Markit, FGE and Wood Mackenzie said. That would represent a 1-3 per cent increase on 2019 import volumes.Strong Asian demand could weigh on supplies in coming months just as Europe is likely to step up purchases of the fuel for heating in winter, an industry source in Singapore said. While supply was hit by a cut in commodity production in the second quarter, output has recovered some ground since then."We expect (LPG) import demand to increase in 2020 over 2019 with stronger demand in both residential and petrochemical sectors," said Rui Hou, research analyst of Wood Mackenzie.He Yanyu, IHS … [Read more...] about Asia to import record LPG in 2020 as pandemic boosts demand for protective gear, cooking
Narendra Solanki, head- equity research (fundamental), Anand Rathi said, Indian market opened marginally positive owing to mixed global cues as investors in Asian markets react to a slew of economic data releases for China and European markets. … [Read more...] about Sensex slips below 39K; ends 95 points lower
“For two wheelers, the rural demand has been better than expected. Also, there is an increase in the dealer inventory happening to serve the expectations of robust festive demand,” said Jay Kale of Elara Capital. 3. Three WheelerThis segment has witnessed the largest drop in demand since the start of this fiscal year. Industry experts believe that while the goods carrier three wheelers is still gaining traction on the basis of last mile reach for goods, growth in the passenger carrier segment is yet to begin because its demand largely depends on the passenger movement in various segments such as schools, travellers, tourists, which is not back to normal across the country.Three wheeler Domestic salesAugust 2020August 2019% changeWholesales (SIAM)14,53458,818-75.29Retail Sales (FADA)16,85755,293-69.51 … [Read more...] about Auto Inc reflects a mixed bag of sales, pins hope on festive season
Image: The infotainment system along with the touch screen is drizzle-resistant IP54, and the All-New Thar gets well-built door cladding along with bottle holders. Creature comforts like cruise control, among other things, are also now available. Photograph: Hitesh Harisinghani/Rediff.com … [Read more...] about IS Thar the pinch-hitter Mahindra so badly needs?