The IHS Markit Manufacturing PMI rose to 58.9 in October, the highest in more than a decade, compared to 56.8 in September, driven by robust sales. State Bank of India (SBI) revised their second-quarter GDP projection to a contraction of 10.7 percent from a contraction of 12.5 percent earlier, according to a research report from SBI Ecowrap. … [Read more...] about Q2 GDP prints likely to show significant sequential pullback; will it cheer the market?
Kroger q2 earnings
The better-than-expected Q2 GDP data was largely driven by positive numbers in manufacturing (0.6 percent in Q2FY21 against -39.3 percent in Q1) and electricity (4.4 percent against -7 percent), and lower contraction in mining (-9.1 percent against -23.3 percent), construction (-8.6 percent against -50.3 percent), trade and hotels segments (-15.6 percent against -47 percent), though agriculture and services (flat at 3.4 percent QoQ) came in slightly lower than estimates. … [Read more...] about NSE, BSE shut today on account of Gurunanak Jayanti
"In November, wholesale volumes are estimated to grow at 19.6 percent for 2Ws on a low base, 12.6 percent for PVs due to sustaining demand and inventory refilling, and 6.5 percent for CVs on the back of LCV growth of 14 percent, but restricted by the nearly 5 percent decline in M&HCVs," Motilal Oswal said. … [Read more...] about No negative surprises, auto sales numbers for November likely to show an uptick
The global research firm has retained buy on the stock with a target of Rs 140 per share. The company has started leading the RE space, winning 44 percent of 1.1 GW in tenders. The win should add 9 percent to the company's RE portfolio and could earn 11.4 percent equity IRR. This should address its growth and energy mix concerns, according to a CNBC-TV18 report. … [Read more...] about NTPC share price gains after CLSA maintains buy rating
Freelancers, whom Livspace refers to as design partners, faced a similar fate and the startup is now blocked by many designer groups. Karan, a 30-year-old interior designer from New Delhi, who requested anonymity as he is waiting for payments from Livspace himself and manages one of the largest designer associations and Facebook groups, said he no longer allows Livspace advertisements for design positions on his page and advises freshers to avoid them. … [Read more...] about Hot startup Livspace faces backlash from angry customers, vendors and ex-employees