News Overview

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 company intends to invest in a variety of environmentally friendly projects.

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.