A play on economic growth and transformation: 7 auto stocks from different segments with upside potential
Unlike the US and some other western countries, where a separate transportation index is watched very closely, in India we don't have a very popular transportation index. The reason why transportation index numbers are extremely important is because there is enough historical evidence to show that auto industry numbers lead indicators of what is happening in the economy. If one looks at the history of the stock market, the rallies which are led by the transportation and auto sector are more durable rallies. Especially the ones which are led by large commercial vehicles. The reason, sales of LCV and certain other auto segments is an indication of the economic situation on the ground. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. Key Points
Economic TimesStrata in talks to buy commercial realty across cities
Strata is aiming for assets under management of Rs 2,000 crore by the end of 2023-24. It surpassed its AUM of Rs 1,300 crore and aims to expand its presence in western states such as Maharashtra, Rajasthan, and Gujarat. Strata allows investors to own and sell fractions of pre-leased, Grade-A commercial properties like office spaces, warehouses, industrial assets, etc. Key Points
Economic TimesSupreme Court to amend term ‘sex worker’ in handbook on gender stereotypes
The Supreme Court of India has decided to replace the term "sex worker" in its handbook on gender stereotypes with more inclusive language. The change comes after a group of anti-trafficking NGOs raised concerns that the term "sex worker" promotes gender stereotypes. | Latest News India Key Points
Hindustan TimesExtreme flood alert issued in Delhi as water level in Yamuna continues to rise
An extreme flood alert has been issued in Delhi as the water level in the Yamuna continues to rise and was recorded at 208.38m at 5 am on Thursday. Key Points
The Tribune Indiacommercial or Residential Property: Which is the ideal investment option? Here are some tips
Investing in real estate can provide long-term financial stability, with both commercial and residential properties offering their own unique benefits. Residential properties offer stability and consistent demand, with a steady rental income. commercial properties offer long-term leases and annual rent increases ranging from 5% to 8%, with returns remaining as high as 12% per annum. Key Points
Economic Times
Bizotic commercial IPO: Issue to open on June 12; Check price band, GMP other details here
Bizotic commercial plans to raise ₹42.21 crore from the public issue that opens on June 12 and closes on June 15. Key Points
mintZF commercial Vehicle Q4 results: Net profit climbs 78% YoY to ₹102 Cr, Board declares ₹13 per share dividend
ZF commercial Vehicle Control Systems India is a large cap consumer discretionary company that recorded a market cap of ₹20,115.03 Cr during Thursday's closing session. Key Points
mintcommercial LPG cylinder prices slashed by Rs 171.5 per unit
India Business News: After the move, the latest retail price of a 19 kg LPG cylinder in Delhi now stands at Rs 1,856.50. Last month, too, their prices were reduced by Rs 9 Key Points
Times Of Indiacommercial LPG cylinder prices slashed by Rs 91.50 in National Capital
A 19 kg of commercial LPG cylinder will now cost Rs 2,028 in the national capital. However, no changes have been made in the prices of the domestic LPG cylinders, sources said. Key Points
Economic TimesFrom Vikram Vedha to Fighter, here's how Hrithik Roshan balances between the actor and star in him-Entertainment News , Firstpost
Hrithik Roshan became an overnight sensation with his debut Kaho Naa..Pyaar Hai and 23 years down the lane, he continues to remain relevant and revered considering how he has always managed to strike a balance between films that won him praise and that amassed him fandom! Key Points
Firstpost
India, U.S. to launch a semiconductor sub-committee
Announcement of the MoU was made during the relaunched India-U.S. commercial Dialogue Key Points
The HinduTata Motors to hike price of commercial vehicles by up to 3% from Jan 1, 2024
Indian automaker Tata Motors plans to increase commercial vehicle prices by up to 3% from January 1, 2024, to offset the impact of past input costs. The hike will apply to the entire range of commercial vehicles, including popular models like Tata Ace, Tata Intra, and Tata Winger. Tata Motors reported a 1.73 per cent decline in global sales in November 2023, with total domestic sales at 72,647 units. Key Points
Economic TimesAfter Domestic LPG price reduction, commercial LPG prices slashed by Rs 158
In Delhi, the commercial cylinder has now become Rs 1522.50 after being reduced by about Rs 158. These rates are applicable from today, September 1 Key Points
Business TodayUS regulators ask lenders to work with stressed commercial real estate firms
U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Key Points
Reuterscommercial LPG rate cut by Rs 39.50 per 19-kg cylinder
New Delhi, Dec 22 (PTI) commercial cooking gas (LPG) prices were on Friday cut by Rs 39.50 per 19-kg cylinder in line with softening international benchmarks. However, the price of domestic LPG — used in household kitchens for cooking purposes — remained unchanged at Rs 903 per 14.2-kg cylinder. commercial LPG — used in various […] Key Points
ThePrint
commercial LPG made cheaper by Rs 39.50 per cylinder
The price of domestic LPG remains unchanged at Rs 903 per cylinder. commercial LPG prices were on Friday cut by Rs 39.50 per 19-kg cylinder in line with softening Key Points
The Tribune IndiaBird flu infects Arkansas poultry as US cases rise
Arkansas, a major U.S. chicken producer, has reported its first outbreak of lethal avian flu in a commercial poultry flock in a year, as the nation sees an uptick in cases. Key Points
ReutersUS shifting COVID antivirals to commercial market on Nov. 1
Most people will retain access to Pfizer's (PFE.N) Paxlovid and Merck's (MRK.N) Lagevrio COVID-19 oral antiviral treatments for little or no cost even after the U.S. government starts handing over their distribution to the commercial market next month, health officials said on Friday. Key Points
ReutersBrookfield completes deal to pick 51 per cent stake in Bharti Enterprises’ 4 commercial properties
In a statement, Bharti Enterprises and Brookfield Asset Management on Monday announced the successful closure of their joint venture agreement for a 3.3 million square feet portfolio of commercial properties primarily located in the Delhi-NCR region. Key Points
FinancialexpressFE CV Conclave: Ashok Leyland’s Dheeraj Hinduja sees alternate fuel as a key trend to watch
Hinduja believes that “Apart from EVs, see CV industry embarking on a series of alternate propulsions like LNG, hydrogen and the like. I am optimistic about the prospect of the CV industry in India.” Key Points
Financialexpress
Morning brief: Unease in Maha Opposition over Pawar to share dais with Modi
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from the Hindustan Times. | Latest News India Key Points
Hindustan TimesIndia's Bajaj Auto posts Q1 profit beat on commercial vehicle strength
India's Bajaj Auto (BAJA.NS) beat expectations on Tuesday, reporting a nearly 42% increase in first-quarter profit on the back of robust demand for its commercial vehicles. Key Points
ReutersCasagrand forays into commercial real estate sector
Chennai-based Casagrand group of companies announced its foray into the commercial real estate segment to develop 10 million sq. ft of leasable areas in Chennai, Bengaluru and Hyderabad by 2027. Key Points
The HinduNavy denies US claim, says oil tanker 'hit by Houthi drone attack' not Indian-flagged
Navy says MV Saibaba is a Gabonese-flagged vessel. All 25 Indian crew members are safe, it adds. Key Points
ThePrintLPG price cut: commercial cylinder prices slashed by Rs 171.5 per unit; cooking gas gets cheaper in Delhi, Mumbai
Now the retail price of a 19 kg LPG cylinder in Delhi stands at Rs 1,856.50. In April also the prices were reduced by Rs 91.5 to Rs 2,028 per unit. Key Points
Financialexpress
commercial LPG cylinders to get costlier from today, price hiked by Rs 39
The price of commercial LPG cylinders has been increased nationwide, with a Rs 39 hike in Delhi for a 19 kg cylinder, now priced at Rs 1,691.50 as of September 1. Key Points
India TodayElections to hit CV demand in Q4
India Business News: Learn how the upcoming general elections in India will affect the demand for commercial vehicles in the fourth quarter. Find out the expected impact and the potential recovery after the elections. Key Points
Times Of IndiaIndian tyremaker MRF posts quarterly profit in line with estimates
India's MRF (MRF.NS) reported quarterly profit broadly in line with expectations on Friday, as the tyremaker benefited from softer raw material prices and steady demand for commercial vehicles. Key Points
ReutersMorning brief: commercial LPG cylinder prices cut by nearly ₹92
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times. | Latest News India Key Points
Hindustan TimesPC shipments fall in Jan-Mar as firms drag feet on orders
Commercial PCs comprised 58.3% of the overall PC market in India during Q1 2023, up from 54.4% a year earlier, according to the report. Key Points
mint
Osho Jain calls ‘commercial music scene weird’: Singers who are on top should definitely raise their voices
Indie artist Osho Jain talks about being on stage, his distance from commercial music and more. Read the interview. Key Points
Hindustan TimesLPG Price Cut: Prices of 19-kg commercial, 5 kg FTL cylinders cut ahead of Lok Sabha elections; check new
LPG price cut: The price of a 19 kg commercial cylinder has been decreased by Rs 30.50, with the new price set at Rs 1764.50 in Delhi starting from April 1. Similarly, the price of the 5 kg FTL cylinder has been lowered by Rs 7.50, reported ANI, citing sources. Key Points
Economic Timescommercial LPG gets costlier by Rs 209, effective October 1; domestic prices unchanged
This increase in LPG prices comes on the heels of the Union Cabinet's approval of approximately 75 lakh new LPG connections under the Ujjwala Yojana in September. The initiative aims to provide these connections over the next three years at an estimated cost of Rs 1650 crore. Key Points
Economic TimesG20 summit: Delhi govt directs shops, businesses, and commercial establishments to grant paid holidays to
The Delhi government had issued a notification declaring a public holiday in the national capital on September 8–10. The G20 Leaders' Summit will be held at the newly built convention center at Pragati Maidan in New Delhi district of the national capital. Key Points
Economic TimesRoche India arm leases 2 lakh sq ft office space
Roche Information Solutions India, the healthcare digital entity of the global pharmaceutical major, will be paying rentals of over ₹210 crore throughout the long-term lease of 9 years. The transaction has been finalised and both the parties have agreed upon the terms of the lease. The deal is likely to be registered in the next few days, said one of the persons mentioned above. Key Points
Economic Times
Better to look them as a chain: 15 stocks from different part of automobile ecosystem, 7 with buy reco and
If one takes June - July 2020 as the base from where this bull run started. Amongst the first to gain were stocks like Ashok leyland, Tata motors, Eicher motors. There was good enough reason for it, all these companies get a significant part of their sales from either heavy commercial vehicles or light commercial vehicles. Sales of LCV and certain other auto segments is an indication of the economic situation on the ground. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. So it is LCV and HCV which are the lead indicators of what is in store for the economy. But behind the finished automobile product there is a huge supply chain, right from an auto ancillary unit making forgings, to a tyre maker. Rather than look at one segment it would be worthwhile to look at select stocks which form the part of the chain. The reason, when LCV will indicate good numbers, then means subsequently there would be better car and two wheeler numbers. Key Points
Economic TimesNavy rescues ship under drone attack in Gulf of Aden, 13 Indians were onboard
The Liberian-flagged commercial vessel was reported on fire due to a drone attack. All 23 crew members, including 13 Indians were escorted to safe waters by the Navy. Key Points
India TodayTata Motors reshuffles key executives in passenger vehicle business
As part of the changes, Amit Kamat, general manager of the passenger vehicle business, has been elevated to chief commercial officer, TMPV. In his new role, he will oversee marketing, brand and customer experience for the fossil fuel-based business. All the operational heads directly responsible for these functions will report to him. Key Points
Economic TimesIndian Navy deploys 3 warships in Arabian Sea after attacks on merchant vessels
The Indian Navy inspected the merchant vessel MV Chem Pluto after it was hit by a drone off India's west coast. The Navy deployed surveillance aircraft and warships in the region to maintain a deterrent presence. Key Points
mintAir India leases 620,000 square feet in Gurgaon for training centre
The airline will pay an annual rental of about Rs 60 crore, and it has leased the property for a period of 21 years, said people close to the development. They said the developer will construct the building, named E-novation Centre, as per the specifications laid out by the airline. According to documents accessed through floorTap.com, a marketplace for commercial properties, the building will be leased by Innovative Techno Park Ltd. Key Points
Economic Times