Ghosn was arrested in Japan in November 2018 on accusations of financial misconduct and was kept in solitary confinement for months without being allowed to speak with his wife. He fled to Lebanon a year later in a Hollywood-style escape that stunned the world. Meanwhile, several associates are in jail or on trial in Japan… Continue reading French magistrates question fugitive auto magnate Carlos Ghosn in Beirut
Author: Economic Times of India Online News
SK Holdings to partner with US companies targeting 1,677 trillion won Asia-Pacific autonomous driving market
Kodiak Robotics supports systems to help autonomous trucks navigate efficiently, especially on highways. Seoul: According to Reuters and other foreign media on May 27, SK Group is partnering with an American autonomous driving company to target the Asia-Pacific autonomous driving market worth 1,677 trillion won, including Korea, Japan, China, Taiwan etc. Reuters reported, that the… Continue reading SK Holdings to partner with US companies targeting 1,677 trillion won Asia-Pacific autonomous driving market
COVID second wave impact manageable for most companies: Fitch Ratings
We believe the second wave will have a less severe impact on corporates than in 2020, despite a higher infection rate. New Delhi: The US-based credit rating agency Fitch Agency on Monday said that the impact of India’s second COVID-19 wave on the majority of its rated corporate universe to be manageable. It mentioned that… Continue reading COVID second wave impact manageable for most companies: Fitch Ratings
‘Asset monetisation, healthy order flows to back credit profiles of road EPC firms’
The expectation of asset monetisation is also supported by the past performance of road EPC companies. Mumbai: Asset monetisation will gather pace in the roads sector as road-building engineering, procurement and construction (EPC) companies pursue growth backed by the government’s thrust to the sector. The healthy order book position of the road EPC companies, which… Continue reading ‘Asset monetisation, healthy order flows to back credit profiles of road EPC firms’
GDP fall likely to be less than earlier estimate
The National Statistical Office (NSO) will release the January-March quarter and the full-year GDP data for 2020-21 later today. NEW DELHI: Growth recovery which started in the third quarter of 2020-21 is likely to be maintained in the January-March quarter while full-year contraction is estimated to be marginally narrower than the previous estimate of a… Continue reading GDP fall likely to be less than earlier estimate
FPIs withdraw Rs 5,936 crore from equities in first week of May
If fears of COVID-19 persist among overseas investors, then further redemptions cannot be ruled out, Himanshu Srivastava, Associate Director – Manager Research, Morningstar India, stated. NEW DELHI: Foreign investors have pulled out Rs 5,936 crore from the Indian equities in the first week of May amid worries over the intense second wave of coronavirus infection… Continue reading FPIs withdraw Rs 5,936 crore from equities in first week of May
Rs 3 lakh crore loan guarantee scheme expanded to help businesses recover from second Covid shock
“Validity of ECLGS extended to 30.09.2021 or till guarantees for an amount of Rs.3 lakh crore are issued. Disbursement under the scheme permitted up to31.12.2021,” an official notification said. Modi government has expanded its loan guarantee programme to help businesses ward off the ravages of the second wave. According to the proposal, the Central government… Continue reading Rs 3 lakh crore loan guarantee scheme expanded to help businesses recover from second Covid shock
Rupee takes northward trajectory this fiscal; volatility likely amid Covid blues: Experts
Registering gains for the third straight day, the rupee rose 15 paise to close at 72.45 against the US dollar on May 28 (Friday). This month has only one more trading day on May 31 (Monday). NEW DELHI: Shrugging off pandemic-induced economic woes, the Indian rupee has witnessed significant appreciation in the first two months… Continue reading Rupee takes northward trajectory this fiscal; volatility likely amid Covid blues: Experts
Banks begin process of restructuring of loans up to Rs 25 crore
Taking cognisance of the prevailing situation, the RBI announced Resolution Framework 2.0 under which individuals and small businesses having exposure up to Rs 25 crore can opt for loan restructuring if they had not availed the earlier scheme. To provide support to small businesses hit by the second coronavirus wave, banks have initiated the process… Continue reading Banks begin process of restructuring of loans up to Rs 25 crore
Karnataka: Commercial vehicles exempted from motor vehicle tax for May
BENGALURU: The Karnataka transport department has decided to waive motor vehicle tax for commercial vehicles in the state for the month of May. Deputy CM and transport minister Laxman Savadi said: “The government imposed a lockdown due to Covid second wave. We have decided to exempt commercial vehicles from paying MV tax during May.” K… Continue reading Karnataka: Commercial vehicles exempted from motor vehicle tax for May