This is the time of the year, where hundreds of articles are written and numerous talk shows held, forecasting the ensuing year. Let us take a stock of the learnings from the year gone by, and what is possibly in store for the near future. How did 2021 do?• The pandemics covered the whole world… Continue reading Lessons of hope: 2022 against 2021
Author: Economic Times of India Online News
LNG, coal lead 2021 commodities rally as markets eye COVID-19 for next move
Singapore: Commodity prices from energy and metals to agricultural products rebounded sharply in 2021, with power fuels leading the rally, driven by tight supplies and a strong economic recovery as COVID-19 vaccinations staved off widespread lockdowns. Global demand for commodities is expected to remain robust in 2022 and underpin prices as the world economy continues… Continue reading LNG, coal lead 2021 commodities rally as markets eye COVID-19 for next move
GST: From rate rationalisation to reduction in compliance burden, what to expect from indirect taxes in 2022
Representative Image India is looking at the year 2022 with eyes wide open for a positive daylight after the catastrophic year and a half due to the pandemic and the tax structure is an integral part of the revival plan. Goods and Services Tax (GST) has been taking small steps in solidifying its position which… Continue reading GST: From rate rationalisation to reduction in compliance burden, what to expect from indirect taxes in 2022
Alcoa signs renewable energy deals for Spanish plant
Alcoa also signed a separate 10-year agreement with Galician power producer Greenalia on Monday for up to 2,297 gigawatt-hours per year. Alcoa has lined up long-term energy contracts with two renewables companies to supply an aluminium plant in northwestern Spain that it has mothballed for two years amid soaring power prices. When the San Ciprian… Continue reading Alcoa signs renewable energy deals for Spanish plant
Weak rural demand dents several large-cap stocks in 2021
Some of the stocks in that category are ITC, Hero MotoCorp, Bajaj Auto, HUL and Maruti Suzuki. New Delhi: Even as Indian equity markets gave handsome returns in 2021, many large-cap companies have failed to display healthy performances. Market participants believe large-cap stocks are safe as they have low risks associated with them and they… Continue reading Weak rural demand dents several large-cap stocks in 2021
Iron ore futures rebound after three-day sell-off
Iron ore’s most-active February contract on the Singapore Exchange jumped 3.8% to $121.25 a tonne. By Enrico Dela Cruz Dalian and Singapore iron ore futures rebounded on Thursday after three days of losses, but worries over demand for the steelmaking ingredient in top steel producer China kept benchmark prices near their two-week lows hit the… Continue reading Iron ore futures rebound after three-day sell-off
US STOCKS-Wall Street headed for muted opening; Tesla rises
By Medha Singh and Anisha Sircar The electric-car maker’s CEO Elon Musk exercised all of his options expiring next year, signaling an end to his stock sales. Its shares are up 54% for the year after a 743% surge in 2020. Wall Street‘s main indexes were set for a subdued opening on Wednesday, as some… Continue reading US STOCKS-Wall Street headed for muted opening; Tesla rises
Consumer sentiment likely to witness fall in December: CMIE
Data from CMIE shows that the proportion of households where more than one person is employed has fallen from 34.7% in 2016 to 32.3% in 2017 to 30.1% in 2018 and to 28.4% In 2019. The weakening consumer sentiment in December could end up in a dip in consumer sentiments this month compared to a… Continue reading Consumer sentiment likely to witness fall in December: CMIE
Snam to build hydrogen-ready fuel cell for Italy’s Torino Airport
Torino Airport, the first airport in Italy to make such a move, expects the fuel cell to be installed in the second quarter of 2023. MILAN: Gas group Snam has agreed a 14 million euro ($15.9 million) contract to build a hydrogen-ready fuel cell for Italy’s Torino Airport to help it to cut its carbon… Continue reading Snam to build hydrogen-ready fuel cell for Italy’s Torino Airport
Biswajyoti Mandal quits Schaeffler India to join intralogistics automation major Dematic
Biswajyoti Mandal New Delhi: As the pandemic-hit Indian economy comes back on track, industrial activities are on the rise providing opportunities for new players in the manufacturing sector. The Atlanta (USA)- based Dematic, a global leader in Intralogistics automation, has taken on board Biswajyoti Mandal to lead its India operation. Biswa, as he’s more popularly… Continue reading Biswajyoti Mandal quits Schaeffler India to join intralogistics automation major Dematic