Hettich unveils magical interior solutions
The Bengaluru centre has been redesigned to reflect Hettich's renewed focus on experiential engagement and format consistency. This transformation is in sync with Hettich's magical interior experiences across all Experience Centres in India, ensuring that every visitor—regardless of location—encounters the same commitment to quality, innovation, and personalized service.
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Mint
26 minutes ago
- Mint
Treasuries End Turbulent Week Lower as Traders Eye Jackson Hole
(Bloomberg) -- Treasuries fell to wrap up a volatile week as mixed economic data kept investors on edge ahead of a key speech from Jerome Powell that may offer clues on the Federal Reserve's next steps. The selloff lifted 10-year yields to 4.32% on Friday, slightly above last week's levels. The dollar slipped and traders held to bets on a September rate cut while shifting focus to the Fed symposium in Jackson Hole, Wyoming, where Powell is set to deliver an address. A week that included conflicting reports on retail sales, consumer sentiment, and inflation — as well as White House calls for lower interest rates — ended with a pivotal meeting between presidents Donald Trump and Vladimir Putin. It added up to a choppy run for Treasuries. 'The market took a sharp turn on Thursday after the producer price index surprised dramatically to the upside,' Nancy Vanden Houten, lead US economist at Oxford Economics, wrote. 'Treasuries added to those losses on Friday, on stronger than expected data on import prices and a consumer sentiment survey showing rising inflation expectations among households.' Futures imply a roughly 80% chance of a quarter-point rate cut at the Fed's September meeting. If Powell offers no clear signal, investors will look to upcoming economic data for confirmation, said Gregory Faranello, head of US rates trading and strategy at AmeriVet Securities. A weak jobs report, set to be released in early September, would solidify bets on a 25-basis-point reduction, he said. The moves on Friday pushed the gap between five- and 30-year Treasury yields to its widest level since 2021. It tracked a similar selloff in European government bonds, with the rate on 30-year German note rising to a 14-year high. The yield is up 14 basis points this week, the largest jump since the nation's historic investment plan in March sent rates higher across the region. The selloff in Europe may have been exacerbated by public holidays in many countries worsening already thin August liquidity. There's also continued focus on increased fiscal spending across the region and reduced demand for long-dated assets due to Dutch pension reforms. Earlier this week, a benign reading on consumer prices and White House pressure for Fed rate cuts spurred a rally, only for a bigger-than-expected jump in producer prices on Thursday to prompt a reassessment. Treasury Secretary Scott Bessent suggested that the central bank should cut rates by 50 basis points next month. Traders are still fully pricing in at least two, quarter-point reductions by the end of the year. 'A move of 25 basis points in September followed by similarly sized cuts in the following couple of quarters appears like a reasonable baseline assessment of the likely path for US rates,' Mark Dowding, chief investment officer of the BlueBay Fixed Income unit at RBC Global Asset Management, wrote in a note. What Bloomberg Strategists say... 'Benchmark yields have been trading in a zone from 4.18% to 4.32% since the July nonfarm payrolls led to a lower rate regime. The range trade can persist, with Friday's swath of economic data confirming Federal Reserve officials will likely need to gather more data before solidifying a view for the September FOMC meeting.' —Alyce Andres, US FX/Rates Strategist, Markets Live For the full analysis, click here. While some traders have piled into bets that would benefit from an outsize, 50-basis-point move, Myles Bradshaw, head of global aggregate strategies at JPMorgan Asset Management, said that such a move would hinge on the next monthly jobs report. 'There is a chance we get 50 and it's going to be that roulette wheel of the next payrolls report,' Bradshaw said on Bloomberg TV. 'If that is showing zero payrolls growth, then 50 basis points is on the table.' --With assistance from Alice Atkins. (Recasts with updated prices and context.) More stories like this are available on
News18
an hour ago
- News18
BMW India To Hike Prices By Up to 3 Pc Across Range, Starting From September 1
Last Updated: The company said that the decision about the same has been taken due to adverse impact of continued forex fluctuation and global supply chain dynamics. German luxury carmaker BMW on Thursday said it will hike prices of its vehicles across its range by up to 3 per cent from September 1, 2025, citing the adverse impact of continued forex fluctuation and global supply chain dynamics. BMW currently sells a range of luxury cars and SUVs, including electric vehicles, starting with the 2 Series Gran Coupé priced at Rs 46.9 lakh and the BMW XM tagged at Rs 2.6 crore. 'BMW India's growth and sales momentum in the first half of the year has been remarkable. However, factors like continued forex impact and global supply chain dynamics have been leading to increased material and logistics costs," BMW Group India President and CEO Vikram Pawah said. Further, he said, 'In the festive season, we are geared to introduce several new power-packed profiles of our cars. As the strong demand for BMW's luxurious, pioneering cars continues, we will deliver exceptional performance and innovation to our valued customers." view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
3 hours ago
- Economic Times
Tata, Merck explore exclusive chemical deal for Dholera semiconductor facility
ETtech Tata Electronics is in discussions with German chemicals giant Merck for a potential exclusive long-term agreement, people aware of the developments told ET. The deal would see Merck become a primary supplier of specialty chemicals and materials essential for semiconductor manufacturing at Tata's upcoming Dholera facility. The Dholera fab, a 91,000 crore ($11 billion) project, is a joint venture with Powerchip Semiconductor Manufacturing Corp (PSMC) of Taiwan. It's a cornerstone of India's ambitious push to establish a domestic semiconductor ecosystem. As construction progresses and the plant gears up for production by 2026, securing a steady and reliable supply of ultra-pure chemicals is paramount. A potential partnership with Merck will help seal this gap, analysts said. 'Tata Electronics is in active negotiations with Merck,' said one of the persons. ' Tata is evaluating the offer and is yet to sign on the dotted line but securing a chemicals partner is very much on their agenda. It will boil down to whether they agree to the exclusivity.' Semiconductor manufacturing uses more than 150 chemicals and over 30 gases and minerals in the production processes. Analysts said this exclusive partnership would provide Tata Electronics with supply chain stability, a critical factor in the volatile global semiconductor market and will help Merck make a foray into India's burgeoning semiconductor industry.'We have been monitoring semiconductor manufacturing developments in India for the past couple of years,' a Merck spokesperson said. 'We believe that India is becoming an increasingly important partner in the global semiconductor ecosystem. However, at this time it is too early to talk about concrete plans for India. We continue to closely follow opportunities that align with our strategic goals.'Tata Electronics didn't respond to queries. Merck is a global leader in specialty chemicals and serves as a crucial ancillary supplier for both existing and future chipmakers, said Neil Shah, vice president of research at Counterpoint Research. It provides a comprehensive portfolio of high-purity materials, including chemicals, gases, and metrology and inspection solutions. 'These offerings support chipmakers throughout various stages of manufacturing, from deposition and etching to final quality control,' he explained. 'An exclusive agreement between Merck and Tata Electronics would create significant strategic advantages for both companies. For Tata Electronics, an exclusive partnership would ensure a consistent, prioritized, and uninterrupted supply of critical materials, mitigating supply chain risks. Having a special price lock-in often comes with exclusivity.' It will allow Tata Electronics to leverage Merck's extensive supplier experience and R&D capabilities. It could thus lead to the development of robust processes, improved manufacturing yields and an accelerated timeline for their chip production.'For Merck, partnering with Tata Electronics, a key player in India's emerging semiconductor landscape, would be a major strategic win,' Shah said. 'As India becomes a more important market for chip manufacturing, this partnership would provide Merck with significant scale and a strong foothold. This position would enable Merck to expand its operational base in India, invest in local R&D, and potentially benefit from government incentives.'Merck will require a robust ecosystem to establish a successful chemicals plant in Gujarat. This includes not only reliable infrastructure--electricity, water, security, logistics--but also a well-developed upstream supply chain with local partners in raw materials to packaging. Shah said this 'holistic ecosystem' is essential to support and sustain Merck's was the first to report in February that Merck was looking to set up a specialty chemicals facility in India. In May, Union minister for electronics and information technology Ashwini Vaishnaw highlighted that Merck, among other companies, was gearing up for the growth of India's semiconductor industry. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Tariffs, tantrums, and tech: How Trump's trade drama is keeping Indian IT on tenterhooks Good, bad, ugly: How will higher ethanol in petrol play out for you? As big fat Indian wedding slims to budget, Manyavar loses lustre As 50% US tariff looms, 6 key steps that can safeguard Indian economy Stock Radar: JSPL forms Ascending Triangle pattern on weekly charts, could hit fresh 52-week high soon Nifty and business are different species: 5 small-cap stocks from different sectors with upside potential of up to 30% F&O Radar | Deploy Bear Put Spread in Nifty to play index's negative stance amid volatility Wealth creation: Look beyond the obvious in some things; 10 fertilizer sector companies worth watching
