Fri, Jul 5, 2024 5:14 PM
Battery metal lithium is dirt cheap, and could have further to fall
A Flip by Shubhangi Gupta
CRISIL predicts the home care segment of FMCG will see the largest margin expansion in 2023, driven by urban demand, with 8-9% growth expected in FY25. The food and beverages segment will follow, driven by rural demand. The industry is expected to see volume-driven growth of 6-8%, with a 1-2% price realization increase, offsetting recent increases in milk, wheat, and sugar prices.
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Fed rate cut expectations have increased following the latest jobs report, which showed a cooling labor market. The probability of a rate cut at the September meeting is now 73%, according to fed funds futures. The jobs report showed 206,000 nonfarm payrolls added in June, but revisions to prior months' figures indicated 111,000 fewer jobs created. The unemployment rate rose to 4.1%.
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Samsung R&D Institute India-Bangalore has renewed its lease for a 4.2 lakh sq ft property in Bagmane's IT/ITeS Special Economic Zone for 60 months, paying a monthly rent of Rs 4.3 crore and a deposit of Rs 40.4 crore. The annual rent is Rs 51.6 crore, with a 5% escalation every year, translating to Rs 102 per sq ft per month. The lease started on June 4, 2024, and includes 562 car parking slots.
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