Pune: Tyre makers are headed for a rough patch as the price of natural rubber has increased more than 33% on-year in just the first five months of this fiscal year amid strong demand and crunched supply, which could strain their profitability, Crisil Market Intelligence and Analytics (MI&A) said. Domestic prices of natural rubber closed … Read more
The Reserve Bank of India (RBI) has lifted the curbs imposed on the gold loan business of IIFL Finance with immediate effect, the company told stock exchanges on Thursday. The RBI had prohibited the company from sanctioning, disbursing, or selling any of its gold loans in March this year citing certain supervisory concerns. The central … Read more
Investments in India’s key infrastructure sectors, renewable energy, roads and real estate are expected to grow by 38% in FY’25 and FY’26 compared with the previous two fiscals to Rs 15 lakh crore on the back of supportive policy interventions and improved credit profile, CRISIL Ratings said. “The surge will ride on India’s need for … Read more
Mumbai: S&P Dow Jones Indices is set to exit Asia Index, its joint venture with BSE to provide financial market indices. BSE will buy the S&P unit’s 50% stake in the company. Though the size of the deal could not be ascertained, sources said the transaction is expected to be concluded in the first quarter … Read more
With the onset of the fourth quarter earnings season, investors are closely monitoring the big corporations to gauge the near-term outlook. Analysts said a strong domestic macro environment marked the quarter. Most domestic high-frequency indicators have trended higher during the quarter and are likely to translate into good demand momentum for the domestic corporate segment. … Read more
Mumbai: Strong growth in the construction equipment and mining segments will be “a shot in the arm” for the tyre industry, in addition to continuing firm demand in the passenger vehicle market, JK Tyre & Industries chairman and managing director Raghupati Raj Singhania said. All the three segments — construction and mining where the vehicles … Read more
