Medium and heavy commercial vehicle (MHCV) sales volumes should grow 35 percent year-on-year in September as this is the last month before the anti-lock braking system (ABS) become mandatory in India (October 1, 2015 onwards), driving prices higher, says Nomura in its note.
Posts tagged MC
Sep auto sales: Nomura sees 35% growth in MHCV, 5% PVs (30-09-2015)
After steep rate cuts, Rajan hands over baton to Delhi (30-09-2015)
Fixing structural constraints that push up inflation could be critical in determining whether the Reserve Bank of India (RBI) considers easing policy further, these officials said, given government officials are already pushing for even more rate cuts.
Rate cut good action on many fronts; need to push GDP: CEA (30-09-2015)
RBI yesterday surprised the markets by reducing the benchmark lending rate by 0.50 percent to 6.75 percent. Experts were expecting only 0.25 percent rate cut.
Gas price cut to $3.82; will dent govt revenue by Rs 800 cr (30-09-2015)
Natural gas prices, as per the formula approved by the government in October last year, will fall to USD 3.82 per million British thermal unit (mmBtu) on gross calorific value (GCV) basis for six months, beginning October 1, from the current USD 4.66 per mmBtu, according to the Oil Ministry.
Sensex, Nifty extend rally; SBI, Axis, Vedanta top losers (30-09-2015)
Bharti Airtel (4.1 percent), Tata Steel (3.9 percent), BHEL (3.6 percent) and Coal India (2.9 percent) were the top gainers in Nifty. Among the losers, SBI, Axis Bank and Vedanta fell more than 2 percent.
Sensex extends rally, Nifty hits 7950; SBI, Axis top losers (30-09-2015)
Bharti Airtel (4.1 percent), Tata Steel (3.9 percent), BHEL (3.6 percent) and Coal India (2.9 percent) were the top gainers in Nifty. Among the losers, SBI, Axis Bank and Vedanta fell more than 2 percent.
Sensex up 376pts, Nifty tad below 7950; Infy, ITC, RIL lead (30-09-2015)
Bharti Airtel (4.1 percent), Tata Steel (3.9 percent), BHEL (3.6 percent) and Coal India (2.9 percent) were the top gainers in Nifty. Among the losers, SBI, Axis Bank and Vedanta fell more than 2 percent.
Axis Bank cuts base rate by 35 bps; effective October 5 (30-09-2015)
Axis Bank’s base rate is still higher than State Bank of India’s at 9.3 percent, and HDFC Bank’s at 9.35 percent
Happy with margins; Q2 topline growth good: Bajaj Finserv (30-09-2015)
Sanjiv Bajaj of Bajaj Finserv says he is comfortable with the current levels of margins and had a good second quarter with respect to topline growth
See credit demand picking up in second half: Federal Bank (30-09-2015)
In an interview to CNBC-TV18, Shyam Srinivasan, MD CEO, Federal Bank says the bank will decide on a cut in base rate shortly, but said the entire 50 basis point cut by the RBI will not be passed on to borrowers.