Crisis in peak season poses risk to AC offtake
The initial few days of the summer season were strong (Mar’21), with higher secondary sales reported in Air Condit..
Retail credit growth improves to 10.2% YoY; forms ~29% of total loans
Retail loans comprise 58% of incremental credit over FY21
* Systemic loan growth stood at 5.3%..
Additional DAP subsidy to support volumes
Subsidy revision in NPK may follow
In light of the rise in RM prices globally, the Centre has raised the subsidy on DAP
Subs trend: Jio’s VLR weakness yet to be arrested
* Subscriber additions for the industry in Feb’21 stood at 8.3mn - the highest since Oct’19 - on im..
We believe that the primary impact of the second Covid wave-led lockdowns on the Financial Services (FS) sector would reflect in credit offtake and provisioning cost. The..
Weekly average daily fliers came in at 126k in the week ended (W.E) 1 st May’21 vs 152k in the W.E. 24th Apr’21. For the W.E. 1 st May’21, average numbe..
The Telecom Regulatory Authority of India (TRAI) has released its monthly data on subscribers (subs) for Feb’21. Industry-active subs rose 3.2mn with Bharti Airtel ..
Gross/Active subscriber adds seeing contrasting trends
4G adds steady for RJio/Bharti; active subscriber adds strong for Bharti
* The Telecom Regulatory Authority o..
Apr’21: Wholesales reflect the impact from COVID-19
PVs sailed on back of a strong order book; all other segments feel the heat PV wholesales came in line, where..
Raising oil price forecast
* Except India, most other large economies appear to be recovering, resulting in Brent averaging USD67/bbl in FY22 YTD, despite OPEC+ easing..
Insurance tracker Apr’21 – Lockdown impact playing out
The insurance industry reported weak growth in Apr’21 on a month-on-month basis, whereas yoy g..
China steel exports rise ahead of rebate cuts
China exports should now decline, enabling higher India exports
China steel exports remained high for the second conse..
Rupee strengthens against US dollar on Tuesday
Rupee falls 10 paise to 73.94 against US dollar in early trade
NCLT approves sale of IL&FS education arm to LEHL
Rate decision, US stimulus likely constraints to rupee's further appreciation
Rupee slips on RBI's dovish stance, 'loose' policy
Nifty at 15800 but midcap index at crucial juncture now By by Sameet Chavan, Angel Broking
GST cuts for several Covid-relief items; no change in vax tax
India cuts taxes on some COVID-19 medicines and equipment
Oil PSUs to support various Art & Handicraft projects
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