‘In FY23, PV sales are expected to end the year at a record 3.8 million units, up 26 per cent. In FY24, however, the industry is expecting 5-7 per cent volume growth’ Passenger vehicle (PV) and commercial vehicle (CV) companies did well in FY23 as two-wheelers (2W) and tractors were muted but growth is likely to moderate for most segments […]

Although Hollywood’s Covid return-to-work protocols are set to expire on May 12, performers and background actors involved in intimate scenes – and those involving extreme physical exertion – will be allowed through July to request self-administered Covid testing of performers with whom they will be working in close or intimate contact. Related Story Hollywood’s Covid Protocols Get Expiration Date; Vaccine […]

WASHINGTON — Silicon Valley Bank was growing steadily in 2018 and 2019 — and supervisors at its primary overseer, the Federal Reserve Bank of San Francisco, were preparing it for a stricter oversight group, one in which specialists from around the Fed system would vet its risks and point out weak spots. But a decision from officials in Washington halted […]

Chicken Soup for the Soul Entertainment’s stock plunged more than 40% in early trading Friday after the parent company of Redbox, Crackle and Screen Media announced a capital raise and reported fourth-quarter net losses. The quarterly red ink had been expected, but the more surprising news was a $10.8 million common stock equity offering, including $3.8 million from corporate parent […]

Anyone skeptical about whether Ford Motor Co. (NYSE: F) can succeed under current management should note that it now has changed the price for its EV flagship F-150 Lightning four times. It is astonishing that a major manufacturer should have such trouble setting prices for a major vehicle launch. (Here is every major automaker’s plan to go electric.) Reuters says, […]

Even as most of its large-cap pharmaceutical peers have struggled to stay above water on the returns front, Zydus Lifesciences has been one of the big outperformers within the sector over the past year with a return of over 30 per cent. The gains have come on the back of multiple triggers such as the scaling up of new product […]

Asian stocks ended broadly lower on Friday as concerns about the banking crisis persisted despite comments from regulators that they would take additional steps as needed to support the financial system. Chinese shares fell notably as heavily indebted Evergrande Group announced its long-awaited debt restructuring. The benchmark Shanghai Composite Index dropped 0.6 percent to 3,265.65, while Hong Kong’s Hang Seng […]

The United States must remain the most powerful nation on Earth if peace is to continue between the U.S., China and Russia, said Chairman of the Joint Chiefs of Staff Army Gen. Mark A. Milley. For the first time, the United States is facing two major nuclear powers, whose vital national security interests are in competition with the U.S. Both […]

New home sales in the U.S. increased from a significantly downwardly revised level in the month of February, according to a report released by the Commerce Department on Thursday. The report said new home sales climbed by 1.1 percent to an annual rate of 640,000 in February after jumping by 1.8 percent to a downwardly revised rate of 633,000 in […]