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The US manufacturing activity picked up in February as COVID-19 infections subsided, though hiring at factories slowed, contributing to keeping supply chains snarled and prices for inputs high. The Institute for Supply Management (ISM) said on Tuesday the outlook for manufacturing over the next two months was favorable, noting that backlog orders last month grew by the most in 11 years. Factories also reported strong […]

Crude oil futures are on a boil as Russia intensified its attack on Ukraine and more curbs were announced at the global scale against the invading nation. WTI Crude oil broke above $100 per barrel to approach highest level in nearly eight years. The counter soared by around a double digit mark yesterday and soared further by 5.50% today to hit $109 per barrel level […]

The Company has grown to become one of the largest manufacturers of Pigment and Dyes in India. This was made possible due to the unequivocal support of all its shareholders

There was selling across the board with almost all the indices ending in the red during Feb-22. If a hawkish Fed and input inflation played spoilsport in the first half of the month, geopolitical risk played that role in the second half. Through the month of Feb-22, FPIs sold heavily in equities as the INR came under intense pressure .

After the sharp spike in bond yields in Jan-22, Feb was a relatively softer month. In early Feb-22, the 10-year benchmark bond yields got perilously close to the 7% mark but closed the month at more reasonable levels of 6.77%.

Sentiments look very weak for the Indian Rupee as risk appetite has been hit badly by the intensity of the Russia-Ukraine war and equities are in a full downswing. The US dollar index is firmly above 97 mark. Indian Rupee rose marginally amid supportive cues from local equities in last session. The INR closed at 75.35 per US dollar, up 2 paise on the day. […]

Maruti Suzuki India: The company recorded a total sales of 1,64,056 units in February 2022, down 0.25% as against 1,64,469 units sold in February 2021. Tata Motors: Tata Motors sales in the domestic & international market for February 2022 stood at 77,733 vehicles as compared to 61,258 units during February 2021, recording a growth of 26.89%. Ashok Leyland: The Hinduja Group companys sales grew 7% […]

Gold stayed firm amid continued risk aversion in world markets as COMEX futures spiked well above $1900 per ounce mark. The US stocks tumbled yet again, witnessing deep losses and testing multi month lows as risk appetite went for a toss amid heavy war in Ukraine. Gold saw good safe haven demand as US 10 year treasury yields fell to a five week low. The […]

The issue of high rates of VAT rates is being addressed in close cooperation with the state governments with his consistent pursuance with the respective chief ministers.

Jhagadia site is a key manufacturing base for LANXESS globally and one of the large production sites of the company in India