margin

JLR margin math wobbles on twin hit from China tax, EU-US commerce deal transfer

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[ad_1] Beginning July 20, China imposed 10% luxurious consumption tax on vehicles priced over 900,000 renminbi. This covers a lot of the fashions offered within the Chinese language luxurious automotive market. Earlier, solely vehicles priced above 1.3 million renminbi attracted the levy from the Chinese language authorities. The timing of the dual hits might hardly … Read more

ICICI Financial institution warns of extra margin strain as repo cuts chunk

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[ad_1] Mumbai: ICICI Financial institution Ltd expects additional strain on its internet curiosity margins (NIMs) within the July-September quarter, as the total impression of the Reserve Financial institution of India’s (RBI) fee cuts continues to play out. The non-public lender’s NIM—a key measure of profitability—has been steadily declining in latest quarters. It stood at 4.34% … Read more