British consumer price inflation hit a 41-year high of 11.1% in October, but the latest official wage data, for July-September, showed public sector pay rose by an annual 2.4%, while average private sector wages increased by 6.8%. By David Milliken British public-sector pay will not be able to keep up with soaring inflation, transport minister… Continue reading UK public sector pay won’t keep up with inflation: transport minister
Author: Economic Times of India Online News
IIT Madras’s race car team to make electric debut
Raftar launches one racing car each year for participation in the Formula Student championships, a Formula-style racing contest conducted across key tracks in the globe. IIT Madras’s multidisciplinary team building race cars to compete in global student-led ‘Formula’ championships has, for the first time, built an electric variant – RFR23 – which will be unveiled… Continue reading IIT Madras’s race car team to make electric debut
Western, central UP to be developed as hub for EVs, ancillary industries
In the auto industry, the Gross State Value Addition (GSVA) of Uttar Pradesh was USD 1.5 billion in 2019, which can be increased to USD 5 billion in the next five years. Go to Source
SIPs eating into luxury car sales: Mercedes
NEW DELHI: The luxury car industry has a new challenger – systematic investment plans (SIPs) – which give an easy entry to Indians into stock markets and debt savings through mutual funds. As inflows into SIPs continue unabated, despite volatility in stock markets, disposable incomes into aspirational and premium products such as cars are not… Continue reading SIPs eating into luxury car sales: Mercedes
A great rotation is brewing in Asia as investors shift from India to China, Korea
The nascent revival in North Asian equities is being touted as the start of a potential bull run as bets for China’s gradual reopening as well as the bottoming out of the chip industry intensify. Strategists at Goldman Sachs Group Inc. expect Asia’s equity leadership to shift from Southeast Asia and India to markets like… Continue reading A great rotation is brewing in Asia as investors shift from India to China, Korea
Foreign portfolio investors flock to Indian market; buy shares worth Rs 31,630 crore in November
NEW DELHI: Foreign portfolio investors have rediscovered their liking for Indian equities, making a net investment of Rs 31,630 crore in November on hopes of an end to the aggressive rate hikes, and positivity about overall macroeconomic trends. According to experts, after remaining net sellers in August and September, Foreign Portfolio Investors (FPIs) are unlikely… Continue reading Foreign portfolio investors flock to Indian market; buy shares worth Rs 31,630 crore in November
Address supply chain shocks if you wish to rein in inflation: Analysts
New Delhi: Raising interest rates to control demand and inflation is not the right solution, as high prices are influenced mainly by supply chain shocks, analysts say. Global production and supplies were impacted due to the Coronavirus-induced lockdowns between 2020-21 and 2021-22, and now with the Russia-Ukraine war and the sanctions imposed on Russia, supplies… Continue reading Address supply chain shocks if you wish to rein in inflation: Analysts
Elon Musk "is a visionary" but "terrible fit for Twitter": Stephen King
Elon Musk Washington [US]:: Noted American author Stephen King has once again called out Twitter CEO Elon Musk by taking a jab at him in a recent tweet. King took to Twitter and wrote, “I think Elon Musk is a visionary. Almost singlehandedly, he’s changed the way Americans think about automobiles. I have a Tesla… Continue reading Elon Musk "is a visionary" but "terrible fit for Twitter": Stephen King
London transport network blocks Qatar ads over LGBTQ laws
London-London’s transport system is not allowing advertising that “portrays Qatar as a desirable destination” or encourages people to attend the World Cup, under a 2019 policy response to LGBTQ laws there. The stance by Transport for London (TfL) has reportedly angered Doha during its hosting of the football tournament, with the Financial Times reporting Saturday… Continue reading London transport network blocks Qatar ads over LGBTQ laws
Government vehicles past 15 years to be scrapped from April: Transport minister Gadkari
NEW DELHI: From April 2023, all vehicles owned by the Central and state governments, including the buses owned by transport corporations that are older than 15 years will have to be scrapped. The road transport ministry has issued a draft notification proposing this fresh timeline amid lukewarm response from private vehicle owners to the voluntary… Continue reading Government vehicles past 15 years to be scrapped from April: Transport minister Gadkari