FPIs’ exodus continues; pull out Rs 46,000 crore from Indian equities in June so far

NEW DELHI: Foreign investors continue to desert Indian equity markets and pulled out close to Rs 46,000 crore so far this month following monetary policy tightening by the Reserve Bank and US Federal Reserve, high oil prices and volatile rupee. The net outflow by foreign portfolio investors (FPIs) from equities reached Rs 2.13 lakh crore… Continue reading FPIs’ exodus continues; pull out Rs 46,000 crore from Indian equities in June so far

423 infrastructure projects show cost overruns of Rs 4.95 lakh crore

Representative Image As many as 423 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.95 lakh crore, as per a report. According to Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of… Continue reading 423 infrastructure projects show cost overruns of Rs 4.95 lakh crore

LG Electronics advances into electric vehicle charging business

LG Electronics said on Sunday it has acquired a domestic EV charging maker to advance into the EV charging solutions business amid a global electrification push. LG Electronics recently acquired a 60 per cent stake in AppleMango for an unspecified amount, with GS Energy and GS Neotek taking over 34 per cent and 6 per… Continue reading LG Electronics advances into electric vehicle charging business

Jaguar Land Rover CEO on chips, EVs, quality and Discovery

We know you’re working flat out on the new electrified Jaguar line-up — but what about new Land Rover models? “We will advance some of those, too, even ahead of schedule to cope with electrification. But I can’t give details yet.” Your Land Rover brands are extremely strong, but even so you have work to… Continue reading Jaguar Land Rover CEO on chips, EVs, quality and Discovery

Making C-suite roles lucrative: In 2018, Elon Musk changed the way CEOs got paid

When Tesla awarded Elon Musk a multibillion-dollar pay package in 2018, the landmark deal helped to vastly increase the potential compensation of the CEOs at many of America’s biggest public companies. The package was composed entirely of an enormous stock grant tied to the company’s performance. As Tesla has sold enough electric vehicles to become… Continue reading Making C-suite roles lucrative: In 2018, Elon Musk changed the way CEOs got paid

Inflation sparks global wave of protests for higher pay, aid

Washington: Rising food costs, soaring fuel bills and wages that are not keeping pace. Inflation is plundering people’s wallets, sparking a wave of protests around the world. This week alone saw protests by the political opposition in Pakistan, nurses in Zimbabwe, unionised workers in Belgium, railway workers in Britain, indigenous people in Ecuador, hundreds of… Continue reading Inflation sparks global wave of protests for higher pay, aid

Analysis: Tesla’s job cuts don’t inspire confidence in the company’s direction

This content is only available to subscribers. Get unlimited digital access $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Analysis: Tesla’s job cuts don’t inspire confidence in the company’s direction

China’s auto industry logs rapid investment growth in Jan-May

Employees work on the production line of SAIC Motor in Shanghai. ZHU XINGXIN/CHINA DAILY BEIJING — Fixed-asset investment in China’s automobile manufacturing sector logged double-digit growth in the first five months of the year, according to the China Association of Automobile Manufacturers. From January to May, China’s auto manufacturers saw investment increase by 11.2 percent year-on-year,… Continue reading China’s auto industry logs rapid investment growth in Jan-May

German FAZ: Stellantis secures Lithium003676

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