Due to the GST reform, holiday and rural demand, and overall sales increased 40.5% year over year (YoY), India’s car retail sector reached a record high in October. The 42-day festival season from Dussehra to Diwali recorded record figures with a 21% YoY growth, solidifying it as the strongest festive cycle in India’s automotive history,…
Oil prices rose slightly in Asian markets on Friday. This was due to a slight depreciation of the US dollar. When the dollar is weak, foreign buyers can immediately buy goods (such as oil) that are sold in dollars, which leads to a slight increase in prices. By 2025, the alliance of oil-producing countries known…
According to the Indian Sugar and Bio-energy Manufacturers Association’s (ISMA) initial advance estimate of output, India’s sugar production is predicted to increase by 16% to 34.35 million tonnes (MT) in the 2025–26 season (October–September) compared to the current season due to sufficient monsoon rains and a larger area. The net sugar production for the current…
Hindalco Industries calculated that the September 16 incident at the Novelis factory in the United States had a negative free cash flow impact of $550–650 million. According to the company, the losses have an impact on adjusted EBITDA of between $100 and $150 million. Additionally, according to the Aditya Birla Group firm, Novelis would have…
With import levels tracking at 1.62 million barrels per day in October, up from 1.61 mbd in September, Russia continued to be India’s top supplier of crude oil, according to statistics from Kpler. However, compared to 1.75 mbd in October 2024, Russian oil imports fell 8% annually. Saudi Arabia and Iraq emerged as India’s two…
As growing concerns about a supply glut subsided, OPEC+ opted to postpone output increases in the first quarter of next year, which caused oil prices to rise in early Asian trade on Monday. Brent crude futures closed 7 cents higher on Friday and then increased 47 cents, or 0.73%, to $65.24 a barrel. U.S. West…
