Indian auto industry's dependence on China is high and it will continue to be so in the BS-VI era and as the country moves towards electric mobility. Domestic players lack both technological competence and the sheer pricing advantage that support Chinese imports.
Net profits may dip 4.9% y-o-y, but the silver lining is that performance may be better than the preceding quarter
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
At Rs 18,400 per share, value up 100 times since Lehman crisis
As part of efforts to curb pollution, the Centre is in the final stage of completing the Rs 10 crore pilot project under which 10 refurbished electric buses will be handed over to select State Transport Corporations by March 2016.
Some big ones hoard cash unduly and others borrow to keep up payments to shareholders
Given the sharp differences that the Democratic and Republican lawmakers and the White House has on various aspects of immigration reform including H-1B, the Congressional passage of the bill and its becoming a law as of now appears to be a tall order.
'India is no longer the India of the '70s and the '80s.' 'It's a large country with the fastest growing economy.' 'In working with India, you just can't go and humiliate the nation publicly.' USIBC President Mukesh Aghi tells Aziz Haniffa/Rediff.com about how he advises American companies to do business with India, what he thinks of Modi's government and the way forward for the India-US relationship.
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