Sharad Malhotra NEW DELHI: The market for automotive paints had gone down during the period of Covid lockdowns and restrictions, but has come up strongly as buying picked up as industry opened up and businesses and schools started coming back to pre-pandemic levels. Led by the resurgence, the automotive paints industry sees a healthy growth… Continue reading As automobile market gets stronger, the paints industry to ride the boom: Nippon Paint India president Sharad Malhotra
Author: Economic Times of India Online News
FPIs outflow continues for 8th straight month; pull out nearly Rs 40,000-cr from equities in May
Foreign investors have been taking out money from equities in the last eight months, withdrawing a massive net amount of Rs 2.07 lakh crore. New Delhi: Continuing its heavy selling spree for the eighth consecutive month, foreign investors pulled out nearly Rs 40,000 crore from the Indian equity market in May on fears of an… Continue reading FPIs outflow continues for 8th straight month; pull out nearly Rs 40,000-cr from equities in May
Tata Motors looks to strengthen R&D capabilities with aggressive hiring this year
The company also has a very comprehensive plan based on the volume projections, to add new lines in the area of battery packs, driveline and power electronics items, he stated. Tata Motors is gearing up to strengthen its R&D with fresh hiring as well as upskilling of the current employees this fiscal year in order… Continue reading Tata Motors looks to strengthen R&D capabilities with aggressive hiring this year
From Tesla to Peloton, companies slow hiring as economy sputters
Lyft Inc said in May it will slow down hiring and assess budget cuts in some departments. Elon Musk spooked investors on Friday with a warning on the economy and plans to cut Tesla’s workforce, joining a growing list of companies that have dialed back hiring amid decades-high inflation and fallout from the Ukraine crisis.… Continue reading From Tesla to Peloton, companies slow hiring as economy sputters
Musk’s warning could be auto industry’s ‘canary in the coal mine’ moment
Tesla CEO Elon Musk‘s “super bad feeling” about the economy could be the auto industry‘s “canary in the coal mine” moment, signaling a recession for an industry whose bosses have shown no signs of concern. Musk said the electric carmaker needed to cut about 10% of its workforce in an email to executives seen by… Continue reading Musk’s warning could be auto industry’s ‘canary in the coal mine’ moment
Efforts on to introduce ethanol in agriculture, construction equipment: Gadkari
Union minister Nitin Gadkari Union Minister Nitin Gadkari on Saturday stressed on the need to switch to alternative fuel like ethanol and said efforts are on to introduce ethanol in construction and agriculture equipment. The Union road transport and highways minister said the country imports petroleum products worth Rs 10 lakh crore to meet the… Continue reading Efforts on to introduce ethanol in agriculture, construction equipment: Gadkari
New vehicle centre to make manual fitness tests passe
Representative Image NEW DELHI: The Delhi government has started the process of revamping its vehicle inspection unit (VIU) in north Delhi’s Burari to create an automated testing station (ATS) on the lines of its state-of-the-art centre for fitness check of heavy commercial vehicles in southwest Delhi’s Jhuljhuli. Once the Burari centre becomes operational, manual fitness… Continue reading New vehicle centre to make manual fitness tests passe
FPIs sold more debt in six months than entire 2021; deteriorating macros key concern
While the foreign outflows from Indian equity markets have dominated the recent headlines, the latest data on overseas investment activity in debt doesn’t do anything to improve the outlook on Indian financial assets. NEW DELHI – It is no secret that the global economic upheaval caused by Russia’s invasion of Ukraine and aggressive monetary tightening… Continue reading FPIs sold more debt in six months than entire 2021; deteriorating macros key concern
Services activity at 11-year high despite high inflation
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
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