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
It may be noted that the SIAM wholesale numbers do not include BMW, Mercedes and Volvo Auto. Also, Tata Motors sales figures are only available for April-June period as it reports its data to SIAM on a quarterly basis. It may also be noted that the report shared by FADA based on VAHAN, is in collaboration with Ministry of Road Transport & Highways, Government of India (MoRTH) and includes the vehicle registration data from a total of 1,242 out of 1,450 Regional Transport Offices (RTOs), making it a total of 86 percent RTOs in the country. Also Read: Auto sales drop 3% in August, PV sales grow 14%: SIAM … [Read more...] about Auto Inc reflects a mixed bag of sales, pins hope on festive season
With the Thar, M&M has come full circle. In a market where every other vehicle has an SUV tag, the company plans to stick to its core competence of making rugged, true-blue, all-terrain SUVs, and marks a fresh beginning for the 75-year-old firm that enjoyed an indomitable position in the SUV segment till 2012, reports Shally Seth Mohile. … [Read more...] about IS Thar the pinch-hitter Mahindra so badly needs?