Passenger vehicle retail sales dip 9%, inventory continues to fall in December: FADA
Auto sales continue to decline as per the sales data shared by auto retailers' body, FADA. Besides, the slowing demand the last month of the year also dissuaded customers to buy new cars despite the massive discounts coming their way across all major brands.
Oil gains after US-China trade deal, fall in inventories
US crude was up by 39 cents, or 0.7 per cent, at $58.20 a barrel.
Housing sales stay resilient in 2019 despite weak economic outlook: Report
Developers’ focus on right-sizing, right-pricing of new residentia...
Palm overtakes soyabean oil on India tax cut
The Chicago Board of Trade was closed for the New Year holiday, but last traded at 3,109 ringgit on Tuesday.
Oil rally stutters as US inventories muddy demand outlook
Futures in New York were little changed, after dipping less than 0.1 per cent on Wednesday.
Oil prices inch higher amid support for supply cuts, lower inventory forecast
US West Texas Intermediate was 1 cent higher at $60.53 a barrel.
Toyota Kirloskar sales down 19% at 9,241 units in November
"We have consciously lowered the volume of vehicles sold to dealers to ensure lean inventory/avoid high market offers, we are adjusting our production to ensure we do not put any excess burden on our dealerships before the shift to BS-VI in April 2020," TKM Deputy Managing Director N Raja said.
Unsold housing inventory reduces by 27% in Noida, Greater Noida, Ghaziabad: Report
The collective unsold stock in these cities of UP had declined by 26% - from 1,31,150 units in Q3 2017 to approx. 97,270 units by Q3 2019 end.
Credai asks Karnataka govt for package to revive realty
The industry body also asked the state government to reduce stamp duty substantially up to September 2020, to exhaust unsold inventory and bring down the same to 1% for affordable homes.
Real estate market sentiment revives after 2 quarters; outlook back to ‘optimistic’ zone: Report
“The real estate sector sentiments have shown improvement in its current as well as expected outlook for the market in Q4 2019,” said Shishir Baijal, Chairman and Managing Director of Knight Frank India.
Housing sales across 9 major cities drops 30% in Q3
Compared to 91,464 units sold during the quarter last year, only 64,034 homes were sold across the nine markets in Q3 this year.
Bengaluru to take 15 months to clear unsold housing stock, Delhi-NCR needs 44 months: Anarock
Unsold inventory overhang indicates the number of months it will take for the current unsold housing stock to get cleared in the current market scenario. At any given point, an inventory overhang of 18-24 months is considered quite healthy.
IITM's Green Skill Development Program trains its second batch
"First batch of Emission inventory and Pollution monitoring courses has been completed successfully in 2018 and empowered 24 participants. The course result was 100% which not only reflect the quality of the participants but also their interest towards the training," said IITM. This year courses have been inaugurated on 15th Oct 2019.
Coal inventory at thermal power stations rose 88.6% y-o-y to 19.0 mt due to higher coal production and lower demand
According to the rating firm, All-India energy supply declined 13.0 per cent y-o-y in October 2019, resulting in a reduction in an energy deficit to 0.5 per cent against 0.7 per cent during October 2018 due to fall in energy demand from industrial states like Maharashtra, Gujarat and Tamil Nadu.
Passenger vehicle retail sales jump 11% in October on festive demand: FADA
According to Federation of Automobile Dealers Associations (FADA), passenger vehicles (PV) sales stood at 2,23,498 units in October 2018. Two-wheeler sales increased 5 per cent to 13,34,941 units last month as compared with 12,70,261 units in the year-ago period.
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