SUPPLY AND DEMAND
Oil prices rise as China says it's open for trade talks with US
Oil prices saw a boost in Asian trading following China's indication of openness to U.S. trade talks, fueling hopes for de-escalation. Brent crude rose to $62.51 a barrel, while U.S. WTI crude reached $59.62. President Trump's threat of sanctions on Iranian oil buyers also underpinned prices, raising supply concerns.
How Trump tariffs have begun to bite China
Despite China's attempts to downplay the impact, Trump tariffs are beginning to affect its economy, as evidenced by shrinking factory activity and potential copper shortages. In response to these economic pressures, China is creating a 'whitelist' of US-made products that will be exempted from its tariffs, signaling a quiet effort to ease the trade war's impact.
Hiring picks up steam in April; pharma, realty, GCCs lead the way
India's white-collar job market rebounded strongly in April, with the Naukri JobSpeak Index soaring by 9% year-on-year. Core sectors like pharma, real estate, and GCCs drove the recovery, alongside a growing demand for premium talent across experience levels. Startups, particularly unicorns, showed robust hiring activity, while fresher hiring expanded beyond IT and BFSI.
Oil prices take breather after selloff on supply worries
Oil prices experienced a slight rebound on Thursday after significant losses, influenced by indications that Saudi Arabia might increase production and a contraction in the U.S. economy during the first quarter. Concerns about trade disputes and OPEC+'s supply decisions continue to weigh on the market, leading to downward revisions in future price forecasts. U.S.
Indian Oil plans Rs 1,100 crore-equity investment to set up 4.3 GW green capacity
Indian Oil is set to invest ?1,086 crore in Terra Clean Ltd. to boost its green energy capacity by 4.3 GW, adding to a previous investment for 1 GW. The company reported a 50% rise in Q4 profit, driven by inventory gains and improved marketing margins, despite a lower GRM.
US auto tariff relief brings temporary respite for OEMs, but uncertainty looms: Jay Kale
Auto tariff relief in the US offers a temporary respite for OEMs, but inflationary pressures persist across sectors. Uncertainty looms, potentially leading to a demand slump, exacerbated by recent guidance cuts from Porsche and pre-buying trends. While domestic auto majors acknowledge a recent slowdown, TVS remains optimistic about two-wheeler growth, contrasting with Maruti's muted outlook on passenger vehicles.
Egg shortage hits two NZ supermarkets
New Zealand is facing an egg supply problem. Two supermarkets, New World Onekawa and Woolworths Lynnmall, ran out of eggs. Woolworths NZ reports high egg demand since Christmas. The demand increased during Easter. Supply issues may persist until May or June. Woolworths relies on local egg producers. A previous ban on battery cages in 2023 also caused shortages.
Bond Market sees demand surge as RBI’s Rs 1.25 Lakh crore OMO plan spurs premium pricing
The Reserve Bank of India's (RBI) open market operations (OMO) witnessed robust demand as banks and primary dealers offered bonds worth Rs 39,218 crore against a notified amount of Rs 20,000 crore. Bond prices surpassed previous auctions, driven by the RBI's announcement of a Rs 1.25 lakh crore government bond purchase in May.
Samsung Electronics drops Q2 outlook due to trade uncertainties
Samsung Electronics raised Q1 profit 1.2% to 6.7 trillion won but cut its outlook due to US tariffs and AI chip export restrictions. Smartphone profits rose 23%, while chip profits fell 42%. The company may relocate production and expects solid Q2 chip demand but warns of weaker demand later this year.
RBI gets nearly double the bids in Rs 20,000-cr market purchase
Bids offered for this OMO were worth ?39,218 crore, versus the notified amount of ?20,000 crore. Bonds maturing in the next four to six years saw maximum demand, Reserve Bank of India (RBI) data showed.
India’s top 8 property markets FY25 sales up 18% despite 8% drop in launches
India's top 8 cities witnessed a robust housing market in FY24-25, with sales surging 18% to over 5 lakh units. Despite an 8% dip in new launches, unsold inventory remained controlled, leading to a modest 3.7% price increase. While some markets may cool, NCR, Bengaluru, and Chennai are expected to grow.
Delhi's power demand peaks at 6,015 MW, highest on Apr 28 in last three years
Delhi's power demand surged to a season-high of 6,015 MW on Monday, driven by scorching temperatures reaching 40.4 degrees Celsius. This peak demand, recorded at 3:30 pm, marks the highest for April 28 in the last three years. Discoms like BSES and TPDDL successfully met the escalating demand, with green power playing a crucial role.
NFO Alert: DSP Mutual Fund launches Silver ETF Fund of Fund
DSP Mutual Fund has launched the DSP Silver ETF Fund of Fund, offering investors easy access to silver without a demat account. The fund invests in DSP Silver ETF units, benefiting from industrial demand, currency depreciation, and potential price rise amid supply deficits. The NFO closes on May 9.
Hot AC stocks: Sizzling summers, increasing demand, affordability all set to push up the stocks of these companies, but challenges remain
Room air conditioner companies anticipate robust growth in the March 2025 quarter. Early summer heat is expected to drive demand. Higher retail activity and channel restocking are key factors. The industry faces compressor shortages, but companies are finding alternatives. Voltas, Blue Star, and Amber Enterprises are well-positioned. Long-term growth is supported by urbanization and rising incomes.
Oil posts weekly fall on tariff worry and rising supplies
Oil prices saw a slight increase on Friday, but overall, they decreased for the week. This happened because people think there's too much oil available and because of uncertainty about trade talks between America and China. China has reduced tariffs on some American goods. Russia and America discussed the Ukraine war. The number of oil rigs increased.
Demand-supply imbalances, weakness in transportation fuel cracks impacted O2C segment: Mukesh Ambani
Reliance's profit edged up by 2% year-on-year, although its oil-to-chemicals segment faced challenges due to weak transportation fuel cracks and downstream chemical market imbalances, resulting in multi-year low margins. The oil and gas business achieved record EBITDA, driven by increased production from KGD6 and CBM blocks, despite a slight revenue decrease due to lower gas production.
Beer brews a strong growth story
India's beer market experienced a significant surge in demand, growing by 10% in 2024-25, outpacing the previous year and contrasting with slower growth in spirits sales, signaling a shift towards milder alcoholic beverages. Despite this positive trend, brewers face challenges due to high consumer prices driven by volume-based taxes and complex regulatory environments across different states, impacting profitability and supply.
India Inc revenue growth to remain flat, profitability to widen in Q4: Crisil
India Inc's revenue growth will remain flat at about 5-6 per cent in the March quarter, but profitability will widen, a domestic rating agency said on Thursday.
Nintendo says cannot meet Switch 2 lottery demand in Japan
There were far more applications on the My Nintendo Store than expected and the amount that can be delivered on June 5 has been greatly exceeded, Nintendo said in a social media post.
Load More
