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Automakers see robust sales growth, Icici Bank shares hit record highs, and more

The center has increased the price of unsubsidized liquefied petroleum gas (LPG) cylinders to Rs 25 per bottle with effect from today. Air travel demand has slowly but steadily recovered over the past three months, with daily passenger traffic rising to an average of over two lakh passengers in August. Maruti Suzuki India, the largest car maker, reported total sales of 130,699 units in August 2021 on Wednesday. For all of these stories and everything in between, here is some top news of the day.

BUSINESS

IHS Markit India PMI stands at 52.3 as of August; Manufacturing activities moderate

The seasonally adjusted IHS Markit India Purchasing Managers’ Index (PMI) was 52.3 in August, down from 55.3 in July, indicating weaker growth that was subdued and below its long-term average. Check out what that means for the economy.

Domestic LPG cylinder price rises by Rs 25; costs Rs 884.50 in Delhi

The center has increased the price of unsubsidized liquefied petroleum gas (LPG) cylinders to Rs 25 per bottle with effect from today. The price for a 14.2kg bottle in Delhi is now Rs 884.50 per bottle. Check prices for other cities here.

The demand for air travel is increasing, and unusual international destinations are becoming popular

Air travel demand has slowly but steadily recovered over the past three months, with daily passenger traffic rising to an average of over two lakh passengers in August, a 100 percent increase from June. Continue reading

MARKET

ICICI Bank’s Market Value Exceeds Rs 5 Lakh Crore, Second Indian Lender Reaches Milestone

ICICI Bank shares hit a record high on Wednesday, helping the private lender’s market cap break the five lakh crore Rs mark for the first time. It is the second bank to have reached this milestone after the HDFC Bank.

Subscription Update: Day 1 of Ami Organics and Vijaya Diagnostics bidding

Ami Organics’ initial public offering (IPO) was oversubscribed (1.81 times) on Wednesday, the first day of the bidding process. On the contrary, the initial public offering of the Hyderabad-based diagnostic chain operator Vijaya Diagnostic Center was subscribed to 30 percent on the first day the bid was submitted.

Maruti Suzuki’s total sales in August increased by almost 5% to 1.30 lakh units

Maruti Suzuki India, the largest car maker, reported total sales of 130,699 units in August 2021 on Wednesday. It posted 4.8 percent growth that month from 124,624 units sold in the same month last year. Analysts in a CNBC-TV18 Survey had expected the automaker to post sales of 1.33 lakh units in August 2021. Continue reading

YOU ME

Samsung Galaxy A52s 5G Introduced in India; Price starts at Rs 35,999

Samsung Galaxy A52s 5G is officially launched in India today for 35,999 rupees for the 6GB RAM + 128GB storage variant and 37,499 rupees for the 8GB RAM + 128GB storage variant. It is available in three colors – Awesome Black, Awesome Violet, and Awesome White. For further information, click here.

Google Search, Maps, and Assistant now provide detailed information on vaccine availability

Google said Wednesday that starting this week, users will be able to get more information on vaccine availability and appointments for over 13,000 locations across the country in its three products – search, maps and assistant. For further information, click here.

Microsoft is offering a free upgrade to Windows 11 starting October 5th

Microsoft is offering its PCs a free upgrade to Windows 11 starting October 5th. Microsoft expects all devices that meet Windows 11 requirements to receive the free upgrade by mid-2022. For more details click here.

INTERNATIONAL

US commit to safe transit for the last 100-200 Americans remaining in Afghanistan: Joe Biden

In a speech at the White House, Joe Biden told reporters that most of these people were dual citizens and long-time residents who had previously chosen to stay in the country because of their family roots in Afghanistan. Continue reading

OPEC + raises forecast for oil demand growth for 2022

On Tuesday, OPEC + experts revised the forecast for oil demand growth in 2022 to 4.2 million bpd, down from 3.28 million bpd previously, which may suggest higher production in the future. Continue reading

Does China really have the upper hand in Afghanistan?

China faces at least two security implications. On the one hand in relation to the administration of the Taliban itself and on the other hand in relation to the effects on their other neighbors. Continue reading

INDIA

IMD reduces precipitation in June-September from 101% to 96%

While above-average rainfall can be expected in India in September, the monsoons in July and August remained weak. Overall, rainfall has fallen 9 percent below average since the four-month rainy season began in June. Continue reading

Bharat Biotech plans to produce 10 crore doses of Covaxin by December, says CMD Krishna Ella

India has so far given nearly 66 million Covid-19 vaccine doses. Of these, Covishield from the Serum Institute is around 57.5 crore, while Covaxin from Bharat Biotech is less than 8 crore. Continue reading

August Auto Sales: Commercial Vehicles See Improvement; Demand for tractors is increasing

Auto sales for August were mixed. However, the economy is recovering somewhat, it is opening up, construction activity has picked up and that is reflected in the numbers. Continue reading

(Edited by: Aditi Gautam, Yashi Gupta)

First published: 09/01/2021 09:08 PMIST

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