Asian Shares Muted In Lackluster Trade On China Worries

Asian stocks traded mostly lower on Wednesday as investors reacted to the hawkish FOMC minutes and Nvidia’s earnings results released after the U.S. closing bell. The U.S. chip giant posted better-than-expected fiscal third-quarter results, but warned export restrictions on China would weigh on its fiscal fourth quarter. The dollar index held around 2-1/2-month lows and […]

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Near-term headwinds may delay UPL recovery

UPL, the country’s largest agrochemical company, had a weak July-September quarter (Q2), reporting a sharp fall in revenues across geographies. Overall, the revenues were down 19 per cent on the back of lower agrochemical prices and inventory destocking. While the overall volumes were down 7 per cent, prices fell by 15 per cent. Volume decline […]

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FMCG supply gridlock: Demand falls, inventory adds up

The supply chain for fast-moving consumer goods (FMCG) companies is seeing congestion due to persistently low demand. This has led to an increase in inventory days, with stocks accumulating at distributors and compelling them to extend higher credit periods to retailers. Distributors, Business Standard spoke to, revealed that demand inventory days have more than doubled […]

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Card payment date fix ends debt and charge fears

She has always kept an eagle eye on her credit card repayments, but a single, older woman didn’t realise that the date when she made them was just as important – and that almost cost her dear. As cash reserves shrink amid the relentless struggle to cope with cost-of-living pressures, juggling repayment times has become […]

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‘Challenge for us is resource management’

‘The fact still remains that we will have to deliver, so the pressure is now on us to make sure we get our resources, our supplies lined up at acceptable costs.’ Larsen & Toubro (L&T) has reported a new high in terms of order book and order inflows for the September quarter. R Shankar Raman, […]

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Continental To Cut Thousands Of Jobs; Sees EUR 400 Mln Cost Savings

German autoparts maker Continental AG Monday announced its plans to cut thousands of jobs in its automotive unit as part of its efforts to strengthen the sector’s competitiveness. Continental said its Automotive sector is simplifying and streamlining business and administrative structures. With the planned measures in the administrative structures, Continental is aiming to ease the […]

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