The pain for the auto sector is likely to continue for another 6 to 8 months if the lockdown period is extended. The sales numbers of all auto OEMs for March have been terrible though it was expected, Paras Bothra, President of Equity Research, Ashika Stock Broking, said in an interview with Moneycontrol’s Kshitij Anand.edited excerpts: … [Read more...] about Pain in auto sector likely to continue for another 6 to 8 months: Paras Bothra
Chambers auto parts
With online sales focus continuing to be the 'new normal', he said, "Our online sales platforms under the #MercFromHome campaign have been receiving strong customer traction ever since its launch. With more than 8,000 leads in the second quarter, this is an encouraging sign as it underscores an emerging trend in the customers' mind shift towards digital consumption of luxury cars." … [Read more...] about Mercedes-Benz India H1 sales down 55% at 2,948 units
“It’s an incredible natural experiment,” says Luca Bertolini, an urban planning professor at the University of Amsterdam. The need for social distance to reduce the spread of the virus has prompted some cities to open streets to different modes of transportation. “What that means, even if you don’t have any aspirations in terms of changing the urban mobility system, is to rely on ways of moving around that are efficient in the way they use space and also safe, and that’s basically active modes, walking and cycling,” he says. … [Read more...] about “It’s an incredible experiment”: Banning cars in cities stirs controversy—and has mixed results
While the Sensex rose 14.4 percent in calendar 2019, the BSE Midcap index fell 3 percent and BSE Smallcap index fell 6.8 percent. This was due to polarisation of markets in favour of largecaps. However in the new year, till January 17, 2020 (date on which Sensex made an all-time high), the Sensex started to underperform compared to the other two indices (+1.7 percent versus 5 percent and 7.4 percent). In the subsequent fall till March 24, 2020 (when the Sensex made a low), all the indices largely fell similarly (-36.4 percent, -37.2 percent and -39.6 percent). In the subsequent rise till June 30, again the three indices rose almost similarly with BSE Smallcap index outperforming a bit (+30.9 percent, +32.4 percent and +39.5 percent). … [Read more...] about ‘We are in a bull phase but picture will get clearer after Q1 FY21 numbers’
L'Oreal SA on June 9 rehired Munroe Bergdorf, a British Black transgender model it sacked in 2017 after she described all white people as racist. The French cosmetics company offered Bergdorf a seat on a newly formed UK diversity and inclusion advisory board, a role she accepted. … [Read more...] about What changes are companies making in response to George Floyd protests?