Wednesday, 5 August 2020

India Inc on war footing to cut costs, conserve cash

The first spending item on the chopping block is capital expenditure, followed by operating costs and overheads, including sales and marketing expenses. India Inc is on a war footing to cut costs and save cash to counter the dip in revenues and profits caused by the COVID-19 pandemic. The first…

Government allows export of COVID-19 PPE medical coveralls

All other items that are part of PPE kits continue to remain prohibited, it said. Partially relaxing export norms, the government on Monday permitted shipments of Personal Protection Equipment (PPE) medical coveralls for COVID-19 with a monthly export quota of 50 lakh units. The product was banned for export earlier,…

Hong Kong Heads Into Busiest Week for IPOs in Months

Hong Kong is heading into the busiest week for initial public offerings in four months with six companies launching listings worth $1.7 billion combined on Monday. That makes this the busiest week since the one beginning February 24, when 12 companies announced IPOs, data compiled by Bloomberg show. The pick-up…

This Is Why The China Bubble Never Seems To Pop

Subscribe to Odd Lots (Spotify) Subscribe to Odd Lots (Apple Podcasts) Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics. ShareSubscribeCookie PolicySubscribe to Odd LotsKeep up to date by subscribing to this podcastShare This Is Why The China Bubble Never Seems To PopShare this episode with your…

As price gap of fuels narrow, diesel cars are less attractive

Several carmakers, including car market leader Maruti Suzuki India pulled the plug on diesel models citing higher costs for BSVI variants leaving buyers with limited options. Sales of diesel models for passenger vehicle makers are continuing the downhill trend as car buyers in India increasingly veer towards gasoline – driven…

Match Covid-19 economic stimulus with climate fight ambition, urge MPs

MPs have joined growing calls from business leaders and environmentalists for the government to use its post-coronavirus economic recovery plan to accelerate investments aimed at tackling the climate crisis. The chairs of two influential cross-party select committees have warned the chancellor, Rishi Sunak, that time is running out to “avert…

Abandon ‘levelling up’ agenda at your peril, PM warned

Boris Johnson has been warned that failure to stick to the government’s levelling-up agenda will add to the already serious economic problems faced by Britain’s manufacturing heartlands. A new report from the industrial communities alliance (ICA) – an all-party group representing local authorities in the industrial regions of England, Scotland…