Slowdown Blues

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Slowdown Blues

Slowdown Blues: Petrol, diesel demand in September lowest in 2 years; crude import falls
The fall in consumption of petroleum products has also led to the decrease in crude oil imports by 15 per cent in September. Consumption of fuel is likely to remain low in the coming months as well.
Slowdown Blues: Weakening demand drags Indian factory growth to two-year low in October, shows PMI
The downturn in overall business activity and demand suggests the Reserve Bank of India might need to ease policy again, on top of the cumulative 135 basis points of rate cuts delivered this year
Auto slowdown: Bajaj Auto posts 14% decline in domestic motorcycle sales in October
Bajaj Auto motorcycle sales, including export, fell 8 per cent to 398,913 units from 432,985; the company also saw a 5 per cent fall in domestic commercial vehicle sales in October
Slowdown Blues: No bumper festive season for auto industry but declining trend may be arrested
From a month-on-month basis, there has been an uptick, both in enquiries and actual sales, but with Navratri out of the way, what's certain is that a bumper festive season is missing
Govt to take more steps to boost consumer demand, growth: CEA Krishnamurthy Subramanian
CEA Krishnamurthy Subramanian said that one of the measures on the table is aimed at easing personal taxation and making the whole tax administration simpler.
Present economic crisis worse than 2008 recession as slump protracted now: Goldman Sachs
The chief economist at Goldman Sachs indicates that consumption has been falling since January 2018, which is much before then the end August 2018 default by IL&FS which triggered the liquidity crisis for NBFCs.
Slowdown Blues: Maruti Suzuki, Tata Motors cut production; festive sales get lukewarm response
Maruti Suzuki cut its production by 17.48 per cent in September while Tata Motors reduced its production by 63 per cent to 6,976 units
Slowdown Blues: Toyota Kirloskar floats voluntary retirement scheme for Karnataka plant employees
TKM is the fourth company to offer voluntary retirement for its employees after GM, Hero Motorcorp and Ashok Leyland as the ongoing auto slowdown continues to lead to heavy losses for companies
Slowdown blues: After a crash in sales, auto dealers now witness 10% drop in service spends
Slowdown blues: The reluctance by current owners to spend more on their cars is another dampener for the community that typically makes more money by servicing cars than by selling them.
Buoyant response to Amazon, Flipkart's festive season sales beats slowdown blues
Amazon Great Indian Festival saw a record single-day Prime membership sign-ups with 66 per cent of shopping by Prime members coming in from Tier-II and Tier-III towns. Walmart-owned Flipkart also said that it registered a jump of two times in its sales growth on the first day of The Big Billion Day 2019