On a surprise visit to Beijing amid speculation that he may unveil Tesla's autonomous driving technology in the burgeoning electric vehicle (EV) market in China, billionaire Elon Musk on Sunday met Chinese Premier Li Qiang and discussed future expansion plans for his automobile.
'We may see little softness in liquidity position after the stabilisation of the government.'
Candidates need to be agile to understand the situation, be receptive to unlearn and learn and adapt accordingly, advises Sanjeev Verma, vice president-HR, STT GDC India.
Air India significantly altered the composition of the aircraft order it placed earlier this year with Airbus, the European plane manufacturer has said. In February, Air India had placed the world's second-largest single-tranche aircraft order for 470 planes: 250 with Airbus and 220 with Boeing. In July, Airbus disclosed an order comprising 70 A321neo, 140 A320neo, 34 A350-1000, and six A350-900 aircraft for Air India.
The climate for 'doing business' remains forbidding, taxtortion is still rife, corruption at state and district levels has increased, oil prices remain extortive with high taxation, and the continued red tape has kept the enterprise system as stifled as before, points out Debashis Basu.
De-scaling of businesses, job losses and subsequent impact on disposable incomes has created negative sentiment among traders, business owners and workers alike, says Abhishek Waghmare.
India will not tailor its policies to suit US EV maker Tesla, and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest-growing economy, Commerce and Industry Minister Piyush Goyal said. Tesla has been seeking an initial tariff concession that would allow it to offset 70 per cent customs duty for cars priced less than $40,000, and 100 per cent for cars of higher value.
'What happens in the real estate market is that once the prices go up it goes on to stay at that level.' 'It might not increase and at the same time the prices will not come down too.'
The coveted QS rankings indicate that India is slowly but steadily overtaking other nations in the field of education.
'The UK is more of a structural problem, and that's why we're doing the restructuring.'
While Vedanta Aluminium, Balco and Cairn India confirmed the job cuts, sources said Sesa Goa too had slashed jobs.
By 2022, the entire job landscape would undergo drastic change.
Google on Tuesday began reinstating about 250 Indian apps it had delisted from its Play Store over a billing dispute as it caved in to government criticism, but the squabble may not yet be over.
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
End users should take the plunge despite higher home loan rates as these tend to be cyclical.
No matter what field you work in or what stage of your career you are in, metrics-based data always augments your CV, alerts Neelabh Shukla, Chief Business Officer, MyCareernet.
rediffGURUS Ashwini Dasgupta, Kanchan Rai and Rajesh Nair offer important career advice.
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
Business success often involves a combination of planning, implementation, and continuous learning, says rediffGURU Harsh Bharwani.
A portfolio can be rebalanced by either selling a portion of the outperforming asset class or by buying more of the underperforming asset class.
Clad in a yellow kurta with a saffron gamcha around his neck, atop an open saffron coloured vehicle, he was greeted by loud chants of "Modi! Modi! Modi Zindabad! 400 Paar Is Baar" all along the roadshow's route.
In 2020, retail and e-commerce sector will lead the table and is expected to generate 112,000 jobs followed by IT & ITeS (105,500), FMCG (87,500), manufacturing (68,900), BFSI (59,700) and healthcare (98,300), the survey said.
The Finland-based power plant and equipment company Wartsila Corporation today said it will reduce about 400 jobs globally in its support functions and information management services.
Candidates should be comfortable working in both online and offline environments, says Jeevan J Arakal.
Welcoming the latest round of stimulus announced by Finance Minister Nirmala Sitharaman on Thursday, experts said the measures will support the economic recovery boosting demand, job creation and by providing funds to the MSME and stressed sectors. The fiscal impact of the stimulus is likely to be around 0.25-0.6 per cent of GDP in the current fiscal, they said.
Learning will become genuinely global as a result of immersive experiences. Edtech advances will increase engagement, enhance knowledge and dissolve geographical barriers, says Anant Bengani, director, Zell Education.
Questions that the state had come to recognise over time but consistently delayed treating seriously because doing so requires an overhaul of perspective and lifestyle, notes Shyam G Menon.
Those on H-1B visas have to find a new job within 60 days or head back to India.
While the COVID-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown. Exporters say some customers are not taking delivery of the shipments because they have shut shop. Ready-made garment players had been hoping for a revival in demand in China but with the virus spreading to Europe, the US and other major markets, there are no orders coming from the major retailers.
There hasn't been any dramatic moment in the first act (the Budget) but nobody would complain. It's par for the course as long as the figures don't change in the main Budget, which will be presented after general elections.
It may be a little early to cheer the recovery in the fast-moving consumer goods (FMCG) space as a deceleration in discretionary demand, after the festival season, may offset fragile rural recovery, analysts have cautioned. "The overall demand environment for staples remains muted, while discretionary demand trends have seen some deceleration after the festival season. "We believe margins in staples have bottomed out, but we expect only a gradual uptick with the ongoing softening in raw material prices.
'If jobs do not happen, the demographic dividend we have will become a demographic disaster.'
The industry has requested the Reserve Bank of India for restructuring of loans, the chairman said. According to estimates, the sector has a loan burden of about Rs 1 lakh crore (Rs 1 trillion).
Singh asserted that the domestic challenges of India's economy were daunting in their complexity and devastating in their impact on the society.
The Supreme Court on Friday refused to accept in a sealed cover the Centre's suggestion on a proposed panel of experts for strengthening regulatory measures for stock markets in the wake of the recent Adani group shares crash triggered by Hindenburg Research's fraud allegations.
The government on Friday approved an electric-vehicle policy, under which duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of $500 million, a move aimed at attracting major global players like US-based Tesla. According to an official statement, the companies setting up manufacturing facilities for e-vehicles will be allowed to import a limited number of cars at lower customs duty. The policy seeks to promote India as a manufacturing destination for EVs and attract investment from reputed global EV manufacturers, it added.
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
The labour participation rate tells us how many of the working age population are willing to be employed. If this proportion keeps falling as it evidently is, it does not bode well for India's growth story. It renders all stories of a revival in the economy as a myth, warns Mahesh Vyas.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
The advice your mother gave you about choosing your friends wisely got a whole new meaning with lenders looking at your social media posts
