May data recorded a 23rd successive month of rising input prices at Indian service providers. The rate of inflation climbed to the highest in 16-and-a-half years of data collection, according to the report. Activity in India’s services sector rose to an 11-year high in May as new business picked up and demand recovered following the… Continue reading Services activity at 11-year high despite high inflation
Author: Economic Times of India Online News
Automakers, banks knock Indian shares off four-week highs
The Nifty Auto index led losses among sub-indexes with a 1.8% drop. BENGALURU – A bout of late selling in automakers and banks knocked India’s blue-chip stock indexes off four-week highs and into negative territory on Friday, although strength in information technology shares and Reliance Industries helped limit the decline. The NSE Nifty 50 index… Continue reading Automakers, banks knock Indian shares off four-week highs
How the world is paying for Putin’s war in Ukraine
In early March, as the US and its allies unleashed a wave of sanctions on Russia, US President Joe Biden stood in the White House and said they wanted to deal a “powerful blow to Putin’s war machine.” But as the war in Ukraine approaches its 100th day, that machine is still very much operational.… Continue reading How the world is paying for Putin’s war in Ukraine
This week’s biggest automotive developments: Kia EV6 launch, Mahindra Scorpio N interior leak and more
A host of developments took place in the Indian automotive scene in the past week (May 30 – June 3), including a high-profile EV launch, an interior leak of one of the most highly-anticipated Indian cars, and the commencement of bookings for one of the top-selling sub-compact SUVs, to name a few. If you missed… Continue reading This week’s biggest automotive developments: Kia EV6 launch, Mahindra Scorpio N interior leak and more
Pushkar Sinha quits Atul Auto as VP Sales, Business Development
Pushkar Sinha, Vice President (Sales, Business Development and Customer care), at Atul Auto New Delhi: Pushkar Sinha, Vice President (Sales, Business Development, and Customer Care), at Atul Auto Limited (AAL) has recently resigned from his position, a source aware of the matter told ETAuto. He joined the three-wheeler manufacturing company in Rajkot, Gujarat in January… Continue reading Pushkar Sinha quits Atul Auto as VP Sales, Business Development
Divergent yields may hint at an early end to rate hikes
The interest rate on short-term paper such as treasury bills has risen more sharply than longer-tenor securities as government and monetary policy action provide comfort that inflation could slow and that the interest rate increase cycle may not last long. Rates on T-bills have shot up nearly 130 basis points since before the off-cycle rate… Continue reading Divergent yields may hint at an early end to rate hikes
Being FutuReady: Re-imagining automotive supply chains in post-Covid world
The impact of the Covid-19 pandemic on supply chains world-over has been profoundly disruptive, to say the least. Reeling under sudden lockdowns, fluctuations in demand and supply, logistics disruptions and shortages, the automotive industry was left in the deep end for over a year and is still recovering from the shock. Global semiconductor shortages continue… Continue reading Being FutuReady: Re-imagining automotive supply chains in post-Covid world
White collar hiring activity up 40% from year ago in May
The white collar job market continued to show robust recovery in May as hiring activity surged over 40% compared to a year ago amid recovery across key industry sectors, according to the latest data from jobs portal Naukri.com based on its JobSpeak Index. The key sectors that led the growth were travel and hospitality (+352%… Continue reading White collar hiring activity up 40% from year ago in May
Inflation conundrum: The need to tackle supply-side disruptions without dampening economic recovery
On May 4th, RBI caught the country by surprise by announcing a 40-basis point increase in the policy repo rate. In addition, RBI increased the CRR by 50 basis points to 4.5%. The announcement was made after an emergency meeting of the Monetary Policy Committee. Later, on the same day and after the RBI announcement,… Continue reading Inflation conundrum: The need to tackle supply-side disruptions without dampening economic recovery
View: India can’t afford to lose the world’s trust on trade
Modi himself is intensely attuned to international perceptions of India. Yet he keeps on being forced into embarrassing climbdowns by his own government. Indian Prime Minister Narendra Modi often speaks of “trusted” supply chains. At the G-20 last year, he said that global supply chains depend upon “trust, transparency, and timeframes”; he’s made a similar… Continue reading View: India can’t afford to lose the world’s trust on trade