The automobile nucleus is humming again. The industry’s order books are full. The traffic tells a story. During the lockdown, it took 45 minutes to zip through the deserted 35-km stretch from Chennai to reach the automobile heart of Sriperumbudur-Oragadam, where the big names of the car industry — Hyundai Motor India, Renault-Nissan India, Daimler India Commercial Vehicles, Apollo Tyres, […]
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The bulk of the incremental profits will come from oil & gas and automobile sectors. India Inc’s contribution to gross domestic product (GDP) is predicted to nearly treble by FY23. The ratio in FY20 was the lowest in two decades, at just 1.8 per cent. The long-term average of profit-to-GDP is about 4.4 per cent. The mean revision premised on […]
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(Reuters) – The S&P 500 and Nasdaq indexes came under pressure on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies.FILE PHOTO: A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri/File PhotoFederal Reserve Chair Jerome Powell is […]
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New York (CNN Business)Everyone seems to love fried chicken sandwiches. But how about a fried chicken sandwich on a taco? Taco Bell is making that dream come true with its new Crispy Chicken Sandwich Taco. It’s a creative concoction: The all-white piece of chicken is marinated in jalapeño buttermilk and fried with a crunchy tortilla chip coating, served in a […]
Read moreAnother bout of selling gripped the U.S. stock market Friday, as anxiety mounts over whether the frenzy behind a swift, meteoric rise in GameStop and a handful of other stocks will damage Wall Street overall. The S&P 500 dropped 1.9%, giving the benchmark index its biggest weekly loss since October. The Dow Jones Industrial Average and Nasdaq each fell 2%. […]
Read moreEvery year, millions of people travel on cruise ships. The cruise industry is booming. However, the image of the huge ships has suffered greatly. Especially since the “Fridays for future” movement, people have been questioning whether cruises are really necessary. After all, the ships emit enormous amounts of CO2. At 22, Linda herself belongs to the young generation that is […]
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LONDON (Reuters) – World shares sank on Monday as expectations for faster economic growth and inflation battered bonds and boosted commodities, while rising real yields made equity valuations look more stretched in comparison.FILE PHOTO: A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease […]
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Serum Institute "has been directed to prioritise the huge needs of India and along with that balance the needs of the rest of the world," said the institute's CEO Adar Poonawalla in a tweet. The move implies that foreign governments could face order delays from the company as it places India's needs ahead of others. Serum Institute of India is […]
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The head of the Federal Aviation Administration said on Sunday that he was requiring “immediate or stepped-up inspections” of all Boeing 777 planes equipped with a particular Pratt & Whitney engine model one day after the jet suffered a dramatic engine failure over Colorado. Also on Sunday, United Airlines, the only American carrier affected by the F.A.A. order, said it […]
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