Industry Trends

Copper, ‘gold standard’ for some appliances, surges to Rs 1,300/kg

Copper prices have surged to record highs, impacting the cost of household products like air conditioners, bathware, and kitchen utensils. Companies in the durables, cookware, and bathware sectors are planning price increases of 5-8% to offset rising commodity costs. This surge is attributed to factors including declining interest rates, a weaker dollar, and improved economic growth expectations for China.

Industry Trends

Sensex & sensibility: Trading ring to AI, Dalal Street darling has seen it all

Sebi is leveraging AI-driven tools to enhance regulatory compliance and surveillance, including a new system to assess cybersecurity preparedness. The market regulator's AI initiatives, such as Sebi Sudarshan, aim to monitor unauthorized digital activities and analyze corporate sentiment. This development underscores Sebi's commitment to strengthening risk-based supervision within the Indian securities market.

Industry Trends

Survey: Manufacturing activity moderates in December

India's manufacturing sector saw its slowest improvement in two years during December, with the HSBC India Manufacturing PMI dropping to 55.0. This slowdown was attributed to declining export orders and moderated employment, while business sentiment reached a three-and-a-half-year low.