Maruti margins can rise to double digits with some tailwinds
Despite the supply squeeze that resulted in a production loss of around 35,000 units in the second quarter, Maruti Suzuki was able to sell 517,000 units. The mix of the higher operating leverage from greater production and internal cost controls aided the improvement of the operating margin by 200 basis points to 9.3% in the […]
D-Street rides on hopes of Fed turning less hawkish; some prefer caution
Analysts said the optimistic wagers are on hopes that the American central bank could tone down its aggressively hawkish stance on interest rates on November 2, even as the Fed has repeatedly quashed market expectations in every policy meeting in the past year, forcing traders to reassess their bullish breakout models.
Credit card numbers continue to slip after RBI’s deactivation order
Private lender HDFC Bank continued to be the worst affected, with total cards in force down by 1.6 million month on month. Bankers say while the total credit card numbers will normalise soon, they are also looking to change the strategy with regard to onboarding customers.
India, smaller nations talk trade via Rupee accounts
The Reserve Bank of India (RBI), finance ministry and National Payment Corp. of India (NPCI) did not comment on the matter. The Indian Economic Trade Organization (IETO) and NPCI are primarily engaged in such cross-border dialogue before it reaches the regulators.