The Supreme Court on Wednesday banned the sale and registration of BS-III vehicles from April 1.
The inventory will be at normal levels of three weeks to four weeks post April and won't be impacted because of BS-IV norms, said Vinod Aggarwal of Eicher Motors.
In an interview to CNBC-TV18, CL Rathi, MD of Advanced Enzyme Technologies spoke about the results and his outlook for the company.
Human capital brings tremendous financial value to organisations as well as the global economy as for every USD 1 invested in workforce, as much as USD 11.39 is added to the GDP, says an analysis.
B Ashok, Chairman of IOC, does not agree that oil production cuts will spike up prices. Prices will at best be range-bound around USD 50 per barrel, he says.
In an interview with CNBC-TV18, Gautam Seth, Joint MD of HPL Electric and Power, said the first half of this fiscal year saw very few tenders being finalised and inventory too went up.
In conversation with CNBC-TV18, MK Surana, CMD of the company, says HPCL witnessed an inventory loss of of $1 per barrel.
The festive season is when people usually loosen their purse strings as this is an auspicious time to buy a home. Usually, this means a windfall for developers. But with the property market in R
Copper inventory has been rising and China import data has also seen weakening, he says. This has brought the metal to a very difficult position. He expects profit-taking on copper.
In an interview with CNBC-TV18, Vardhman Textiles MD Sachit Jain says prices of Shankar-6 cotton have jumped up to nearly Rs 47,000 per candy from Rs 32,500-33,500 few months ago.
US commercial crude stockpiles fell by 2.2 million barrels to a total of 524.4 million in the week through July 1, the Energy Information Administration reported on Thursday.
Continued discipline in inventory and working capital management will help in maintaining the strong performance posted in the fourth quarter of FY16, says P Vijayaraghavan, Director of TVS Srichakra.
Expect advertisement revenue, which was impacted due to Chennai floods, to bounce back from hereon, says SL Narayanan, CFO of Sun Group.
Kewal Handa, industry expert and former MD of Pfizer says that alongwith sales loss, companies will also have to bear brunt of inventory loss as the decision has been immediate.
Kallol Datta, chairman of Tide Water Oil, believes the company can sustain margins at 13.5 percent, going ahead. Though a lot depends on crude price, he adds.
The number of construction applications developers have made in Mumbai has increased -- implying they are confident of prices rising in the near future. But more construction will add to the already-high inventory of housing stock in the city, putting downward pressure on prices.
The report highlights discounts available on execution of deal (10-15 percent) remains a preferred way of giving discounts than a cut in declared property rate.
Speaking to CNBC-TV18, Chintan Mehta, Metal Analyst, Sunidhi Securities says many power plants now have an ideal inventory of 20 days against an inventory of three to four days earlier.
U.S. inventory numbers are growing at a pace of a million barrels a day, and there's no sign of its slowing down, said Morse, global head of commodities research for Citi. That, in turn, is causing storage space to run low, and oil prices will go down to accommodate finding more expensive storage, he said
Brazilian mining company Vale was equally optimistic; CEO and President Murilo Ferreira expects prices to reach USD 95-USD 100 before year-end, he told the Nikkei newspaper.
On account of GDP revival, freight sector has witnessed growth, while core sectors like engineering goods are yet to see recovery, says Vineet Agarwal, MD, Transport Corporation of India.
For the company per se, the write-downs in inventory have been substantial for the first quarter of FY15, said Tarun Sawhaney vice chairman & managing director, Triveni Engineering and Industries.
In an interview with CNBC-TV18, Rajiv Bajaj said the auto market is finally seeing signs of bottoming out and that the company is looking to add to its 19 percent market share with new models such as its recently-launched next-generation Discover 125cc.
Berger Paints‘ third quarter consolidated net profit grew 7.1 percent to Rs 82.3 crore and consolidated net sales jumped 11.8 percent to Rs 1,025 crore.
Rajeev Piramal, VC & MD, Peninsula Land said, realisations for the Mumbai project launched in Q2 have risen by 15-20 percent.