Action in banks, auto, consumer durables ahead of festival season, here’s why



a man looking at the camera: DAILY VOICE: Action in banks, auto, consumer durables ahead of festival season, here’s why


© Kshitij Anand
DAILY VOICE: Action in banks, auto, consumer durables ahead of festival season, here’s why

Private banks drove the rally in the banking space that was among the top performers in the week gone by. Strong performance from index heavyweights HDFC Bank and ICICI Bank propelled the sector, Abhishek Chinchalkar, Head of education at FYERS, tells Moneycontrol’s Kshitij Anand in an interview.

Edited excerpts:

Q) A stellar week for Indian markets with both the Sensex and the Nifty rallying more than 3 percent each. What led to the price action on D-Street?

A) Indian stock markets ended on a firm note on October 1 in what was a holiday-shortened week. The market took various positive cues:

Reserve Bank of India (RBI) announced that India’s current account balance (CAB) recorded a surplus of $19.8 billion (3.9 percent of GDP) in the June quarter of FY21, up from the surplus

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No big discounts on luxury cars this festival season

After months-long struggle due to Covid-19, the domestic luxury car market has started to see some recovery and hopes to do better during the festival season.

However, there won’t be much of offers or discounts this year and companies will limit themselves to attractive finance scheme or complimentary insurance so that there are enough foot-falls at their outlets.

For instance, market leader Mercedes-Benz India has rolled out the ‘Unlock with Mercedes-Benz’ campaign for the festival period starting September and has seen a good response.

“The unlock campaign has some attractive offers for the C-Class, E-Class and GLC with attractive finance schemes including low EMI, attractive ROI and complimentary insurance,” Martin Schwenk, Managing Director and Chief Executive Officer, Mercedes-Benz India, told BusinessLine.

He also cautioned that this year’s festival season will be a challenging task, but a ‘succesful one like last year’.

Audi bets on launches

Audi is also expecting a

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Rock Creek Cattle Company’s Annual Food, Wine and Arts Festival Raises $670k to Benefit The …

LAS VEGAS, Sept. 30, 2020 (GLOBE NEWSWIRE) — The Folded Flag Foundation, a non-profit, 501(c)(3) organization committed to honoring America’s fallen heroes by providing their families with financial support for education, announced it raised $670,000 during the annual Food, Wine and Arts Festival, hosted by Rock Creek Cattle Company in Deer Lodge, Montana.

The annual event is a private gathering where attendees are invited to play golf, view local art, bid on silent auction items, and participate in wine and food tastings – all to benefit The Folded Flag Foundation. Following social distancing guidelines, this year’s event included members and guests of Rock Creek Cattle Company, as well as chairman of the Vegas Golden Knights hockey team and Rock Creek owner, Bill Foley.

“Rock Creek Cattle Company understands the sacrifice our military service members and their families make each and every day to protect our country and freedom. Some

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Rock Creek Cattle Company’s Annual Food, Wine and Arts Festival Raises $670k to Benefit The Folded Flag Foundation

LAS VEGAS, Sept. 30, 2020 (GLOBE NEWSWIRE) — The Folded Flag Foundation, a non-profit, 501(c)(3) organization committed to honoring America’s fallen heroes by providing their families with financial support for education, announced it raised $670,000 during the annual Food, Wine and Arts Festival, hosted by Rock Creek Cattle Company in Deer Lodge, Montana.

The annual event is a private gathering where attendees are invited to play golf, view local art, bid on silent auction items, and participate in wine and food tastings – all to benefit The Folded Flag Foundation. Following social distancing guidelines, this year’s event included members and guests of Rock Creek Cattle Company, as well as chairman of the Vegas Golden Knights hockey team and Rock Creek owner, Bill Foley.

“Rock Creek Cattle Company understands the sacrifice our military service members and their families make each and every day to protect our country and freedom. Some of

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Wine Festival On Middle Rhine

Summer along the Rhine is fun time. For almost five months in the year there is sunshine, and people make the best of the weather. Winter’s drab colours are stowed away. Women and girls come out in bright dresses. Men hang up their overcoats and discard their galoshes. Walking, cycling, boating, rowing – there is tremendous movement of young and old, in their pursuit of the pleasures of summer.

The communities that live along the Rhine have a Mediterranean temperament. They are relaxed, easy and raring for fun, but by no means lazy. The river Rhine the largest European waterway, originates in Switzerland, flows through Germany and crosses into the Netherlands, where its tributaries flow into the North Sea. The part of the river that courses between Koblenz and Cologne is called the Middle Rhine, and stretches for about 126 kilometers. German, French and English writers have captured the beauty … Read More

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