The weekly government bond auction saw stronger than anticipated demand, which influenced the secondary market, pressuring the yields of active bonds, according to dealers. The government sold bonds worth Rs 39,000 crore. On Friday, the yield on the benchmark 10-year government bond dropped to 7.19 per cent from 7.20 per cent on… Continue reading Firm demand at auction weighs on yield of on-the-run government bonds
Tag: demand
CESC reports more than 21% rise in Q1 profit on strong power demand
BENGALURU (Reuters) – India’s CESC on Friday reported a more than 21 rise in first-quarter profit, aided by robust power demand in the pre-monsoon and summer months. The power generation and distribution company posted a consolidated net profit of 3.47 billion rupees ($41.90 million) for the quarter ended June 30, compared with 2.86… Continue reading CESC reports more than 21% rise in Q1 profit on strong power demand
Demand for women apprentices surges 3-fold in manufacturing sector: Report
With the manufacturing sector, traditionally dominated by men, actively working to enhance its diversity and inclusion (D&I), the demand for women apprentices witnessed a threefold increase in the first quarter of this financial year, a report said on Thursday. According to the latest data from TeamLease Degree Apprenticeship, the demand for women apprentices… Continue reading Demand for women apprentices surges 3-fold in manufacturing sector: Report
July PMI services rises sharpest since June 2010 on robust global demand
India’s services sector growth jumped to its highest pace in over thirteen years in July, according to a private survey. According to S&P Global, India’s services purchasing managers’ index (PMI) grew to its highest level since June 2010 to 62.3 in July. A reading above 50 shows an expansion in the sector. The… Continue reading July PMI services rises sharpest since June 2010 on robust global demand
Rupee slips to near one month low after US downgrade, oil firms demand
The rupee depreciated 33 paise on Wednesday and settled at a nearly one-month low of Rs. 82.59 per US dollar due to demand for safe-haven currencies after the US’ credit rating was downgraded by Fitch from ‘AAA’ to ‘AA+’, citing an “expected fiscal deterioration over the next three years”. This led to risk… Continue reading Rupee slips to near one month low after US downgrade, oil firms demand
Goodyear India’s Q1 profit rises as low rubber prices offsets weak demand
BENGALURU (Reuters) – Tyre manufacturer Goodyear India reported a higher quarterly profit as a drop in raw material prices helped make up for its first revenue fall in 12 quarters on low demand. The Indian unit of U.S.-based Goodyear Tire and Rubber Co said standalone profit rose 4% to 392.6 million rupees ($4.8… Continue reading Goodyear India’s Q1 profit rises as low rubber prices offsets weak demand
Uber forecasts quarterly operating profit above estimates on ride demand
Uber Technologies on Tuesday forecast third-quarter operating profit above Wall Street expectations as it sees growing demand for ride hailing due to strong leisure travel trends and gradual return to in-office work. The San Francisco-based company’s shares rose over 4% in trading before the bell. The stock has doubled so far this… Continue reading Uber forecasts quarterly operating profit above estimates on ride demand
Gold demand in India dips 7% YoY in June 2023 quarter as prices rise: WGC
The demand for gold in India dropped 7 per cent year-on-year to 158.1 tonne (170.7 tonne in the June 2022 quarter), said the World Gold Council (WGC) in a recent release. High gold prices, and a knee-jerk reaction to the ban on Rs 2,000 notes during the recently concluded quarter, WGC said, also dented… Continue reading Gold demand in India dips 7% YoY in June 2023 quarter as prices rise: WGC
Demand drivers, lapse in Jan Vishwas Bill, and more
Best of BS Opinion: Unintended consequences, green growth conundrum, & more Best of BS Opinion: Tapping global trade, confirming compliance, and more Best of BS Opinion: Protecting investors, the green wall, and more Best of BS Opinion: Growth instruments, old white males, and more Best of BS Opinion: Indo-Pacific naval strategy, long route for oil,… Continue reading Demand drivers, lapse in Jan Vishwas Bill, and more
Demand drivers
Govt support for EVs needs a review Source link