Passenger, commercial vehicles retail sales skid in August as heavy rains dampen sentiment

Passenger, commercial vehicles retail sales skid in August as heavy rains dampen sentiment

Retail sales of passenger and commercial vehicles in India fell in August from a year earlier as excessive rainfall in several states weighed on consumer sentiment and economic activity, worsening woes for automakers. While passenger vehicle sales fell by 4.5% to 309,053 units, commercial vehicles slid 6.05% to 73,253 units amid weather-related disruptions and weak … Read more

US stocks: Nasdaq manages 5th straight record high close; S&P 500 ends barely lower

US stocks: Nasdaq manages 5th straight record high close; S&P 500 ends barely lower

The Nasdaq eked out a fifth straight record closing high on Friday following gains in Adobe and other technology-related shares, while the S&P 500 and Dow ended slightly lower. The S&P 500 ended its four-day run of record closing highs, but still climbed more than 1% for the week. The S&P 500 technology sector rose … Read more

Auto sales April: India’s April auto sales rise 27% even as election uncertainty affects consumer sentiment: FADA

Auto sales April: India’s April auto sales rise 27% even as election uncertainty affects consumer sentiment: FADA

The auto retail sector in India registered a growth of 27 per cent on an annual basis in April, driven by stable fuel prices and new model launches even as Lok Sabha elections dampened consumer sentiment, FADA said in a press release on Wedensday. Retails of two-wheelers increased by 33 per cent while three-wheelers, passenger … Read more