The semiconductor chip supply for the electric two-wheeler industry has normalised but the prices are up by nearly 50 per cent compared to pre-pandemic period, said Eric Vas, president, Urbanite, the electric vehicle (EV) business of Bajaj Auto. “It (the supply) has improved greatly. It has pretty much normalised. The problem is the cost. “The costs remain very high. Hopefully, […]

Hollywood talent agencies are getting into a cost-cutting mode amid a second industry work stoppage in three years. Many have implemented extra scrutiny/cuts in travel and expenses and some are also contemplating/planning temporary salary reductions. The measures are being taken as the WGA strike is entering its fourth week. While writers are not working, they are not getting paid, their […]

Colin Jost opened the PEN America Gala under the iconic model of a blue whale at the Museum of Natural History calling himself “a writer and a friend of writers” and “extremely fortunate to be here tonight surrounded by two things that might not be around much longer — writers and ocean life. This is the first time that a […]

Novelis’ results for the January-March quarter of the 2022-23 financial year (Q4FY23) disappointed investors and as a result, the share price of Hindalco (Novelis is a 100 per cent subsidiary of Hindalco) has slid. The non-ferrous metals major is suffering from the impact of a down-cycle in aluminium and copper, as well as the slowdown imposed in Europe by the […]

Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, as traders are cautious after data showed a drop in U.S. consumer sentiment amid signs of growing stress in the banking sector and the impasse over raising the U.S. debt ceiling. Asian markets closed mostly lower on Friday. U.S. Treasury Secretary […]

Denver lost the the tug-of-war over the Outdoor Retailer trade show, which moved back to Salt Lake City this year after a five-year run in the Mile High City. Emerald Expositions, the organizer of winter and summer trade shows, made the call last year, removing events that generated $40 million to $60 million a year in economic activity prior to […]

The News James Gorman, Morgan Stanley’s chief executive, told a shareholder meeting on Friday that he planned to step down from the bank’s top job “at some point in the next 12 months,” bringing to a close the tenure of one of the longest-serving bank chiefs on Wall Street. He did not identify a successor. Morgan Stanley’s stock fell 2 […]

The Securities and Exchange Board of India (Sebi) has proposed new regulations to deal with suspicious trading activities—a move that will empower the market watchdog to go after entities making unusual profits without any fundamental basis. The regulator has issued a discussion paper, inviting feedback on the draft of the Sebi (Prohibition of Unexplained Suspicious Trading Activities in the Securities […]

The markets may be entering a consolidation phase and are expected to trade sideways for now after a good run in the last few weeks, suggest analysts. In this backdrop, they suggest investors can book profits at the current levels and enter the market again on a decline from a medium-to-long term perspective. Thus far in fiscal 2023-24 (FY24), the […]