A looming recession, runaway inflation, an energy crisis in Europe and a euro that’s sunk to near parity with the dollar: corporate earnings worldwide face a laundry list of challenges this season that could create another reason to dump stocks. After a tumultuous first half for global equities, with $18 trillion in value wiped out,… Continue reading Recession? Investors turn to earnings for clues
Author: Economic Times of India Online News
Tesla to expand its US Supercharger network to other EVs: Report
Elon Musk-owned Tesla is planning to begin opening its Supercharger network to other electric vehicles by the end of the year, according to a White House memo that shared the electric vehicle company’s plans. The US government said in April that it needs to increase its own network of about 1,100 charging stations a hundred-fold… Continue reading Tesla to expand its US Supercharger network to other EVs: Report
Supplementary demand for grants unlikely in the upcoming monsoon session
In the current year, the Centre is facing fiscal pressures due to higher spending on fertiliser and food subsidies, and loss of revenue due to tax cuts to douse inflation. The government may not present a supplementary demand for grants in the upcoming monsoon session of Parliament, signalling to ministries and departments the need for… Continue reading Supplementary demand for grants unlikely in the upcoming monsoon session
Inflation is raging because globalisation is fading
Inflation prognostication tends to come down to reading statistical tea leaves. Friday’s report of strong US job growth looks like a sign of economic strength that keeps inflationary pressure high. Recent declines in commodity prices reassured some analysts that the danger could be receding. This focus on short-term price movements and the resulting interest-rate manipulations… Continue reading Inflation is raging because globalisation is fading
Supply chain constraints to continue affecting auto sector this year: Mercedes-Benz India MD & CEO
Martin Schwenk New Delhi: The semiconductor shortage issue and supply chain constraints that have plagued the auto industry are unlikely to be resolved this year and the situation may improve only in 2023, according to Mercedes-Benz India Managing Director and CEO Martin Schwenk. While demand for the company’s products continues to be buoyant with order… Continue reading Supply chain constraints to continue affecting auto sector this year: Mercedes-Benz India MD & CEO
NHAI mulling cut in upfront payment to highway builders by half during construction to roll out more projects
Currently, around 49 highway construction companies pre-qualify for projects costing up to Rs 1,769 crore under the HAM. NEW DELHI: The National Highways Authority of India (NHAI) is mulling over the proposals to cut the upfront payment to highway builders by half during construction by modifying the Hybrid Annuity Model (HAM), which has become popular… Continue reading NHAI mulling cut in upfront payment to highway builders by half during construction to roll out more projects
Delhi’s transport dept likely to start sending notices to vehicle owners not having valid PUC
The Delhi government’s Transport department is likely to start sending notices to vehicle owners who do not have valid PUC certificates and follow it up with challans of Rs 10,000 if the certificates are not obtained, officials said on Sunday. The department will also intensify it’s drive to ensure that vehicles without pollution under control… Continue reading Delhi’s transport dept likely to start sending notices to vehicle owners not having valid PUC
Mahindra & Mahindra open to investing in EV battery cell maker to secure supplies: CEO Anish Shah
(Representative image) Mahindra & Mahindra could consider investing in a battery-cell company to meet future electrification needs, its CEO said, after the company raised funds for its new electric vehicle (EV) unit at a $9.1 billion valuation. Mahindra on Thursday raised $250 million from British International Investment for the unit and is exploring a partnership… Continue reading Mahindra & Mahindra open to investing in EV battery cell maker to secure supplies: CEO Anish Shah
CEOs expect better job creation prospects, monetary tightening in H1 FY23: Poll
A majority of CEOs in a poll conducted by CII anticipate improved job creation prospects in their companies in the first half of FY23 ending September, even as expectations of monetary tightening are pervasive, the industry body said on Sunday. The recent poll was conducted by CII at its Second National Council Meeting for FY23,… Continue reading CEOs expect better job creation prospects, monetary tightening in H1 FY23: Poll
Why the ongoing inflationary phase is transient and what investors must do
Inflationary alarms have panicked equity markets and spooked investors across borders. Almost every economist has cast aspersions peppered with cautious warnings on how inflation could affect global economies. As a result, a lot of faith is currently on a questionable wicket. Global central banks are striving to tame inflation, which was earlier considered a transitory… Continue reading Why the ongoing inflationary phase is transient and what investors must do