SUPPLY DEMAND BALANCE
Gokaldas Exports MD on PLI scheme, export growth and organic growth expected in ‘24
Gokaldas Exports focuses on women's fashion, outerwear, and sportswear. They will continue to focus on those segments and are seeing growth across all of these product categories.A 15% growth should be possible organically, that is how the company management is looking at the business unfolding over the next two to three years.
"It's all happening again": The supply chain is under strain
The intensifying upheaval in shipping is prompting carriers to lift rates while raising the specter of waterborne gridlock that could again threaten retailers with product shortages during the make-or-break holiday shopping season. The disruption could also exacerbate inflation, a source of economic anxiety animating the U.S. presidential election.
Brent rises toward $86 as cooling US jobs market buoys rate cut hopes
Oil futures hit a seven-week high on Thursday as fresh data on a cooling U.S. jobs market added to hopes that the Federal Reserve could still cut interest rates this year.
Oil hits seven-week high on demand hopes, war jitters
Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said U.S. crude inventories unexpectedly rose.
What to expect from largecap private banks going ahead? Sandip Sabharwal answers
So, overall demand-supply outlook over the next couple of years does not look so good because supply increases are very rapid, demand increase has been subdued and companies have been unable to increase prices.
India’s Grade A warehousing supply to top 300 million sq ft by 2025
India's warehousing sector is expected to surpass 300 million sq ft by 2025, fueled by rapid industrial growth and a thriving real estate market. Pune and NCR lead in Grade A warehousing demand, while MMR saw a significant supply increase. Policy support and favorable economic conditions are attracting investments in the sector.
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Modi 3.0: FMCG companies can cheer the new coalition government
In a symbolic move, Prime Minister Narendra Modi's first action after being sworn in for a third term was releasing the 17th PM-KISAN installment, providing financial relief to 9.3 crore farmers. With a weaker mandate, the government is expected to focus on rural welfare, potentially boosting FMCG sector growth and consumption.
Robust housing demand helps in faster inventory liquidation
Residential property markets in the top seven cities - Mumbai, Delhi-NCR, Pune, Bengaluru, Chennai, Hyderabad and Kolkata - have witnessed a significant 31% decrease in the time taken to sell active unsold housing inventory, showed a JLL analysis.
Bribe in EMIs! Corrupt Gujarat babus ‘with a heart’ now accepting bribe in installments
Gujarat government officials adopt a disturbing tactic, allowing citizens to pay bribes in installments, easing financial strain. Dubbed 'empathetically corrupt,' this method surfaces amidst reports of hefty bribes demanded, including a Rs 21 lakh demand split into nine EMIs. Cases like these highlight systemic corruption, prompting calls for stringent action. Reports indicate a surge in such incidents, emphasizing the need for immediate intervention.
View: GOI has the solution of India's economic puzzle but it needs to let go fiscal hesitations
India's economy is thriving with 8.2% GDP growth, strong public investment, and tax revenues. However, weak consumer demand and private capex remain issues. To boost growth, the government should create more public sector jobs, increasing incomes and consumption, funded by local savings.
Ships diverted from Red Sea send ripple effects across the globe
Supply chain managers paying for the services look to place order in advance as ships face extended journeys since they spend more time at anchor.
Holiday home demand tapers off as rentals fall
Goa is becoming a first-home market with interest from businessmen and startup founders. Luxury second homes are in demand, especially in locations like Porvorim. Coonoor Estates is developing high-end luxury homes for buyers looking to settle down.
Driving logistics forward: How Gurugram-based Varuna Group is maintaining a balance between innovation and sustainability
Varuna Group, established in 1996, is a logistics services provider leveraging advanced digital technologies like IoT, AI, data analytics, and WMS for efficient warehousing and distribution.
Tata Steel's UK business likely to make operating profit in H2, says CEO T V Narendran
"We don't expect demand in UK to shrink beyond what it is. We will be at least $150 per tonne cheaper in the cost of production. This changes our cost position, and we will not start losing money in the UK every time steel prices drop," Narendran said in an interview with ET.
RBI's balance sheet size is now 2.5x the size of Pakistan's GDP
The Reserve Bank of India's balance sheet grew by 11.08% to Rs 70.48 lakh crore as of March 31, 2024. The RBI's income rose by 17.04%, while expenditure decreased by 56.30%. Consequently, the RBI's surplus increased by 141.23% to Rs 2.11 lakh crore, transferred to the Centre.
Infra push, talent access helps satellite cities reshape India's commercial realty
India's commercial real estate landscape in satellite and tier II cities is undergoing significant transformation due to robust infrastructure development, strategic urban planning, talent availability, and lower cost of living. Cities like Navi Mumbai, Pune, Gurugram, Noida, and Hyderabad have seen extensive investment in road networks, metro connectivity, and digital infrastructure, making them attractive hubs for businesses.
What is OPEC+ and how does it affect oil prices?
OPEC+, a coalition of OPEC and its allies, is set to meet on June 2 to discuss their joint oil production policy. OPEC was founded in 1960 by Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela to coordinate petroleum policies and secure fair prices. It now includes 12 countries, mainly from the Middle East and Africa, accounting for about 30% of the world's oil. OPEC+ crude output represents about 41% of global oil production and aims to regulate the supply of oil to the global market.
Oil flat as firming US gasoline demand offsets rate jitters
Oil market cautious ahead of OPEC+ meeting on June 1 to discuss extending 2.2M bpd output cuts. U.S. fuel demand and Fed's inflation concerns impact prices.
India may add 25 GB wind energy capacity by 2028, need Rs 2 lakh crore: Crisil
India is set to significantly boost its wind energy capacity by adding nearly 25 gigawatts between fiscal years 2025 and 2028, driven by the increasing need for renewable energy and grid balancing. The government's target to auction 50 GW of renewable projects annually and stable average tariffs reflect India's commitment to sustainable energy solutions.
Strong demand tailwinds are for all the players: 5 small and midcap real-estate stocks with upside potential of up to 34%
Four years ago, the real estate industry was defined by excess inventory, over leveraged balance sheets and weak demand. Today, a housing project getting launched is getting sold within a few days. The average prices on a per square ft basis have inched upward very sharply in the last one year and still there is no dearth of demand. Now the question is whether this kind of sharp rise in demand is having an impact only on large players or also on mid-sized companies which are focussed in a region only. The fact is that in the case of sectors like real estate, when the tide of demand changes, it changes for every player, be it large or medium. Yes, when it comes to medium-sized players it would be important to look at the players where they have a track record of implementing projects on time. Delivering the project on time is key metrics which determines whether the company which is mid-sized today will become large or not in years to come. As the large ones have seen a sharp rise in the valuations, the focus of the street is now also on mid-sized by well managed companies.
Oil prices tick up on tighter supply outlook
The market is watching wildfires in remote western Canada that could disrupt the country's oil supply, Tony Sycamore, market analyst with IG, said in a note.
Chinese ecommerce giants face delicate balance between discounts, profit
Alibaba's earnings reports are crucial indicators for China's consumer sentiment, influenced by competition from Pinduoduo and Douyin. The demand for discounts affects revenue and profit margins, posing challenges for selling premium products.
OPEC switches to 'call on OPEC+' in global oil demand outlook, sources say
OPEC will stop publishing a calculation of the world's demand for its own crude in its monthly oil report, two sources close to the matter said, focusing instead on forecasts for demand for oil from the wider OPEC+ group.
Govt's focus on infra development to nurture sustained revival in investment cycle: RBI report
According to the RBI's Monetary Policy Report- April 2024, domestic economic activity, backed by strong fundamentals, remained robust in the first half of 2023-24, weathering challenges from muted global demand.
Crude price likely to be $90-95 a barrel by end of this year; next year, maybe a little lower at $75-85: Dr Fereidun Fesharaki
Dr Fereidun Fesharaki forecasts continued gasoline sector growth for a decade, with EV impact in 2030s. Oil complex peaks in mid-2030s, then stabilizes. Global demand remains steady by 2045 despite evolving factors like technology and geopolitics. Dr Fesharaki says: "We are looking at $90 to $95 a barrel by the end of this year. And next year, maybe a little bit lower, $75, $85. "
Morgan Stanley expects Brent to climb to $90/bbl by summer 2024
Morgan Stanley raised its Brent oil price forecasts by $10 per barrel to $90 for the third-quarter of 2024, citing tighter supply and demand balances on OPEC+ commitment and Russia's oil production curtailments after recent drone attacks on its refineries.
Ecommerce cos step up diversity hiring for supply chain roles
Ecommerce companies like Flipkart, Meesho, and Jumbotail are fixing the gender balance in supply chain roles through various initiatives. These include creche facilities, gender-balanced sourcing, partnerships with women’s campuses, and training programs. Recruitment firms have seen a surge in demand for female talent.
LPG imports surge 60% in five years
Imports increased to 18.3 million metric tonnes (MMT) in 2022-23 from 11.4 MMT in 2017-18, according to the petroleum and natural gas ministry data. Domestic LPG production grew barely 4% in the five years to 2022-23 while consumption expanded 22%.
Cement industry to add 150-160 million tonnes capacity by FY28: Report
The Indian cement industry is set to add 150-160 million tonnes of capacity from fiscal year 2025 to fiscal year 2028, as it aims to meet rising demand from the infrastructure and housing sectors, according to a report by Crisil Ratings. In the past five fiscal years, the industry has added 119 million tonnes per annum, reaching a total of 595 million tonnes.
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