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Amnish Aggarwal of Prabhudas Lilladher notes that metal stocks have rallied due to raw material price benefits, not volume growth. While safeguard duties offer price support, future returns may be moderate. MNC stake dilutions in Indian ventures are driven by valuation differences and commitment levels, with reductions below 51% potentially signaling reduced interest.
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Britain's vehicle production plummeted in April, marking the worst start to a year since 2009, primarily due to sluggish export demand and the timing of Easter. The automotive industry faces challenges from global economic slowdown, U.S. tariffs, and intense competition.
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The government says its overhaul of retirement savings will boost growth and pension pots.
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News and Media
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