Hyundai net profit up 47%
Honda operating profit down 52%
Volkswagen profits triple and Toyota’s halves.
Ford profits surge 22%
Maruti profits almost flat over last year’s.
Author: shyam
Consumers can access their detailed credit report and score by paying Rs. 450 and filling a form at cibil.com and furnishing proofs of identity and address. The bureau’s managing director Arun Thukral said consumers can expect to get a full report and the score within one week to 10 days of applying.
via Cibil score to help borrowers negotiate for cheaper loans – livemint.com.
Rising commodity prices are “triggering second-round effects via higher wages,” Alain Bokobza, the head of asset allocation strategy at Paris-based SocGen, wrote in an April 11 report titled “The EM Party Is Over.” He recommends switching to developed-nation equities from emerging markets.
“In most emerging markets, you do have these margin pressures building,” Michael Shaoul, the chairman of Marketfield Asset Management in New York, who has been shifting investments to the U.S. from emerging markets, said in an interview. “We’re fairly convinced that this monetary cycle will end in some distress.”
via BRIC Stocks’ Longest Rally Since 1997 Seen Doomed as Interest Rates Rise – Bloomberg.
Saudi Arabia is seriously trying to talk down the oil market. But in doing so, it is setting the stage for another oil price rally. Ali Naimi, the kingdom’s oil minister, has revealed that Saudi Arabia sharply reduced sharply its oil production last month – by a hefty 800,000 barrels a day – because of lack of demand.
via FT.com / The Commodities note – Shockwaves from Saudi’s crude statistics.
Around Rs20,000 crore of repayments were due by real estate companies by 31 March after loans were restructured by banks following the 2008-09 slump, but at least half a dozen of them have been unable to meet this deadline.“They are likely to default,” the chairman of a large public sector bank said, adding that some of these firms already have overdue interest repayments.
via Realtors fail to repay bank loans – Home – livemint.com.