This year in particular is very crucial to keep government expenditure and government capex led growth on, said Rajni Thakur, Chief Economist, RBL Bank. “Consistent fiscal stimulus is important for a positive growth outcome this year in the Indian economy,” she said. Further, during a time when inflation levels are hitting all time highs, she… Continue reading Growth, Inflation and Policy: What to expect, according to an economist
Author: Economic Times of India Online News
ACME Group to invest $6.7 billion in green hydrogen project in India’s Karnataka
Representative Image NEW DELHI – Renewable energy firm ACME Group will invest 520 billion rupees ($6.70 billion) in India’s southern Karnataka state over five years to set up a green hydrogen and ammonia plant, the state government said on Monday. The investment comes as India aims to manufacture five million tonnes of green hydrogen annually… Continue reading ACME Group to invest $6.7 billion in green hydrogen project in India’s Karnataka
NBFCs see demand rising for used-vehicle financing
NBFCs offering loans for used vehicles are bullish about rapid growth in the current financial year. CHENNAI: Non-banking financial companies (NBFCs) are seeing a rise in demand for used vehicle financing amid Covid. The pandemicdriven preference for owning second and third cars in households, upgrades by two-wheeler owners to preowned cars and lower cost of… Continue reading NBFCs see demand rising for used-vehicle financing
Elon Musk opens door to a Tesla talent exodus
Tesla CEO Elon Musk By Hyunjoo Jin SAN FRANCISCO, – Elon Musk needs to cut one in ten jobs at Tesla. Some may already have their eye on the exit. The Tesla chief executive’s intentions, conveyed in an internal email seen by Reuters, are rooted in what he described as his “super bad feeling” about… Continue reading Elon Musk opens door to a Tesla talent exodus
US mulls lifting some China tariffs to fight inflation
By Kanishka Singh WASHINGTON: US. Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump, to combat the current high inflation. “We are looking at it. In fact, the… Continue reading US mulls lifting some China tariffs to fight inflation
Decriminalisation of labour penalties relieves employers
The four codes have reduced the number of sections from 1,228 to 480. Of these, only 22 sections contain imprisonment as penalty for a first time offence and just four of them provide for imprisonment of one year. New Delhi: The implementation of the labour codes will relieve employers from the fear of imprisonment as… Continue reading Decriminalisation of labour penalties relieves employers
‘No longer sure bets’: Tech giants are dropping bad news daily
The group said it based its wealth calculations on the most up-to-date and comprehensive data sources available, and used the 2021 Billionaires List compiled by the US business magazine . From Seattle to Silicon Valley to Austin, a grim new reality is setting in across the tech landscape: a heady, decades-long era of rapid sales… Continue reading ‘No longer sure bets’: Tech giants are dropping bad news daily
Elon Musk backtracks on job cuts, says Tesla salaried staff to be ‘fairly flat’
Tesla Inc Chief Executive Elon Musk said on Saturday that the electric vehicle maker’s total headcount will increase over the next 12 months, but the number of salaried staff should be little changed, backtracking from an email just two days ago saying that job cuts of 10% were needed. “Total headcount will increase, but salaried… Continue reading Elon Musk backtracks on job cuts, says Tesla salaried staff to be ‘fairly flat’
Snow Lake Lithium appoints Philip Gross as CEO
According to Gross, Snow Lake remains steadfast in its initiatives to become the first fully electric lithium mine. New Delhi: Canadian mining major Snow Lake Lithium has announced the appointment of Philip Gross as company’s new CEO with immediate effect. Gross will succeed Louie Simens, who has resigned from his role as Chairman effective May… Continue reading Snow Lake Lithium appoints Philip Gross as CEO
Companies bring back Covid curbs as cases surge
While most companies ET spoke with are yet to see any significant escalation in the number of positive cases, they are keeping a close watch on government directives. Maharashtra, India’s biggest internal economy and home to the capital markets and some of the country’s top conglomerates, has advised the use of masks in enclosed places… Continue reading Companies bring back Covid curbs as cases surge