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Copper rebounds as China’s factories unexpectedly return to growth – ET Auto

on March 31, 2020

Three-month copper on the London Metal Exchange (LME) was up 1.5 percent to $4,838.50 a tonne, as of 0124 GMT, reversing a streak of three straight losses. SINGAPORE: Copper prices rose on Tuesday, with Shanghai copper touching a near two-week high, as top consumer China surprisingly reported an [...]

Covid-19: Amara Raja Group donates Rs 6 Crore to CM relief funds – ET Auto

by admin

on March 31, 2020

The contribution by the organization includes the one-day salary contribution by employees of Amara Raja Group New Delhi: The automotive battery maker Amara Raja has donated Rs 6 Crore to lend support in the fight against the Covid-19 pandemic, the company said in a press release. As per the [...]

$3 billion cash flows stuck on account of lockdown, auto parts companies urge vehicle makers to release timely payment – ET Auto

by admin

on March 30, 2020

More than 100 component makers have already made an advance payment to 100,000 blue-collared workers a fortnight before the scheduled date of payment. Mumbai: 21 days lock down would choke fledgling Indian auto component industry with over a $3 billion or Rs 25000 crore of cash flows.Having [...]

Steel industry faces inventory build, liquidity issues – ET Auto

by admin

on March 30, 2020

As far as exports are concerned, ICRA note said the rapid spread of the outbreak to countries other than China have disrupted the seaborne steel trade, and the same is likely to fall further amidst the looming uncertainty surrounding global growth. New Delhi: The performance of domestic steel [...]