Auto Sector

The move is aligned with CONCOR's commitment to sustainability and reducing its carbon footprint.

The red flag for the industry is the sharp widening of ‘Crude-Jet Kero’ spread. This may result in double-digit % increase in the price of ATF on Sep 1, 2023, to add to the 9% MoM increase on Aug 1, 2023.

Since 2016, Berger Paints and Nippon Paints Automotive Coatings have been partners in a joint venture known as Berger Nippon Paint Automotive Coatings Private Limited.

SMEL has delivered well on capacity expansion across products, with capacities up 94-150% vs FY21 (IPO) levels across product lines.

Following an overnight recovery from a 10-month low of 147.375, the Japanese yen traded at about 146 per dollar as support for the US dollar was lost due to a decline in Treasury yields.

According to the Indian government, applicants under the vehicle scheme have invested 107.55 billion rupees.

The price of October Brent crude futures increased by 17 cents, or 0.2%, to $85.66 per barrel.

Tuesday saw the rupee closing 8 paise lower at 82.71 against the dollar.

Petrol and Diesel prices in cities across India on 30-08-2023

Spot gold was holding steady at $1,936.59 an ounce, trading close to its highest levels since Aug. 7 were reached on Tuesday. At $1,964.30, U.S. gold futures were stable.