Morgan Stanley has upgraded India to overweight, four months after it was upgraded to equal weight from underweight on March 31. The brokerage firm believes that the country is just at the start of a long-wave boom, according to a report by CNBC-TV18. Morgan Stanley, in a note, highlighted that there are things… Continue reading Morgan Stanley upgrades India’s rating to overweight, downgrades China
Tag: Indias
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
Will Ben Stokes’ men succeed on India’s rank turners?
Ben Stokes and Brendon McCullum, the Bazball duo (Photo: England Cricket/ Twitter) After making a historic comeback from being 0-2 down to level the Ashes series, England have once again proven that Bazball is the best way to play Test cricket and will stay here for long. They could have won the series had… Continue reading Will Ben Stokes’ men succeed on India’s rank turners?
India’s July edible oil imports hit record at 1.76 mn metric tonnes
India’s edible oil imports in July rose to a record 1.76 million metric tonnes as refiners built up stocks for upcoming festivals given uncertainty over supplies from the Black Sea, five dealers told Reuters. Higher purchases by the world’s biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia… Continue reading India’s July edible oil imports hit record at 1.76 mn metric tonnes
India’s services trade surplus drops to three-quarter low in first quarter
India’s services trade surplus fell to $36.4 billion in the April-June quarter of 2023-24, the lowest in three quarters, as services export growth slowed down amid the economic downturn in developed economies. Data released by the Reserve Bank of India (RBI) showed that India’s services exports grew by 6.6 per cent to $80.8… Continue reading India’s services trade surplus drops to three-quarter low in first quarter
India’s GST collection in July stands at Rs 1.65 trn; records 11% growth
Goods and services tax (GST) revenue rose 11 per cent year-on-year in July to Rs 1.65 trillion, showed official data released on Tuesday. Monthly GST collection crossed the Rs 1.6-trillion mark for the fifth time, indicating vigorous economic activity and strict anti-evasion measures employed by both central and state governments. GST collection… Continue reading India’s GST collection in July stands at Rs 1.65 trn; records 11% growth
Hollywood saves India’s PVR Inox as Bollywood bombs at box office
BENGALURU (Reuters) – International cinema helped India’s biggest movie operator PVR Inox post a rise in first-quarter revenue as Hindi films failed to bring moviegoers to theatres. A struggling Hindi film industry, known as Bollywood, coupled with the popularity of streaming services, has made it difficult for traditional theatres to bring in more… Continue reading Hollywood saves India’s PVR Inox as Bollywood bombs at box office
India’s July manufacturing PMI comes at 57.7 on sustained improvement
The Indian manufacturing sector maintained strong growth momentum at the start of the third quarter amid ongoing buoyant demand. Rates of expansion in output and new orders were only marginally softer than in June, with firms expanding their employment and purchasing activity accordingly. Cost inflationary pressures remained relatively muted. The seasonally adjusted S&P… Continue reading India’s July manufacturing PMI comes at 57.7 on sustained improvement
Jadeja makes big comment on Team India’s combination
Ahead of the third ODI match and series decider against West Indies, Indian spinner Ravindra Jadeja said that this is the only series where the Indian team can do experiments before the Asia Cup and World Cup. After WI clinched the second one-day game by 6 wickets to level the series to 1-1,… Continue reading Jadeja makes big comment on Team India’s combination
India’s core sector output expands to 5-month high at 8.2% in June
Output of eight key infrastructure sectors — known as the core sector — expanded to a five-month high of 8.2 per cent in June. This is due to a high base effect and positive growth in seven of the eight sectors. In June last year, the core sector had grown by 13.1 per… Continue reading India’s core sector output expands to 5-month high at 8.2% in June