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IMF sees medium-term risks to global economy; more easing not the answer

“Taking a longer-term view, …the easing of global financial conditions so late in the economic cycle and the continued buildup of financial vulnerabilities — including the rise in asset valuations to stretched levels in some markets and countries, the rise in debt, and large capital flows to emerging markets — could threaten growth in the medium term,”

Coronavirus: Over 2,000 people now infected globally, 56 dead in China

The World Health Organisation (WHO) this week stopped short of calling the outbreak a global health emergency, but some health experts question whether China can continue to contain the epidemic.On Sunday, China confirmed 1,975 cases of patients infected with the new coronavirus as of Jan. 25, while the death toll from the virus has risen to 56, state broadcaster CCTV reported.

Budget 2020:Govt may not provide any more tax incentives for the insurance industry

The official representative bodies of the domestic insurance industry like General Insurance Council and Life Insurnace Council in course of the their routine pre-Budget discussions with the tax authorities, have been told not to demand any more tax incentives for the industry as the scopes for such incentives currently are extremely limited because of poor mobilisations of the tax proceeds during year.

Epidemics and equities: What the coronavirous means for markets

For global corporations, Wuhan is an important hub. Of about 2,000 cities in China with factories and other facilities in Bloomberg’s supply chain database, the city ranks 13th, with about 500 facilities. The province of Hubei has 1,016, making it seventh of 32 such jurisdictions. US-based companies have 44 facilities there, and European ones about 40, the data show. Many plants are in the auto and transportation industries, and big names include PepsiCo Inc. and Siemens AG.

Eyeing leadership position in electric vehicle segment: Tata Motors

“As far as Tata Motors is concerned, we want to establish ourselves as leaders in the EV space. We have taken up the mission that we should be ahead in terms of EV technology,” Tata Motors President Electric Mobility Buisness Shailesh Chandra told PTI in an interview.
The auto major aims to build complete in-house capabilities in terms of design, supply chain and even full local manufacturing in the EV space as part of its plans to be a complete player in the segment, he added.

Sitharaman may announce the merger of 3 PSU gen insurers in Budget 2020

“Though, the roadmap for the merger of  the three companies are yet to be made public by the ministry of finance(MoF), it seems, it will be announced in the next week Budget. The actual process of merger may take one year after the Budgetary announcement on Feb 1,’’ said MoF sources adding that the way, MoF sought approvals of the boards of three companies hurriedly, indicate some major announcement about the merger in the Budget 2020.