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Here is a masonry blog layout with no sidebarInvestor wealth jumps over Rs 9.30 lakh cr in four days of market rally
''Markets have witnessed an excellent start of the calendar year however we may see a breather now…'' said Ajit Mishra, VP - Research, Religare Broking Ltd. Mumbai: Investors have become richer by over Rs 9.30 lakh crore in four days of market rally, with equity...
Passenger vehicle retail sales dip 11% in Dec amid semiconductor woes
"The month of December is usually seen as a high sales month where OEMs continue to offer best discounts to clear the inventory due to change of the year. It was, however, not the case this time around as retail sales continued to disappoint, thus wrapping up an...
Toyota, VW are plotting to beat Tesla, pour billions into electric cars
“With market demand for EVs clearly outstripping industry’s ability to produce, success in EVs is no longer about the order book, but rather about production capacity, ability to secure supply, and best cost, where Tesla feels it has considerable lead,” Deutsche Bank...
Covid: Hong Kong bans incoming flights from 8 countries, including India
Incoming flights from Australia, Canada, France, India, Pakistan, Philippines, Britain and the United States, including interchanges, would be banned from Jan.8 to Jan 21, Hong Kong leader Carrie Lam told reporters on Wednesday Hong Kong announced a two-week ban on...
Foxconn unlikely to reopen its iPhone manufacturing facility in Tamil Nadu until Jan. 7
The Foxconn plant, located in the state of Tamil Nadu, was closed on Dec. 18, following protests over 250 of its workers being treated for food poisoning. Apple has since placed the factory on probation after discovering that some dormitories and dining rooms did not...
U.S. reports nearly 1 mln COVID-19 cases in a day, setting global record
The World Health Organization said on Tuesday that evidence thus far suggests Omicron is causing less severe illness. Nevertheless, public health officials have warned that the sheer volume of Omicron cases threatens to overwhelm hospitals, some of which are already...
India’s logs new 58,097 Covid cases,the highest since June
A total of 2,135 cases of Omicron variant of coronavirus have been detected across 24 states and UTs . Maharashtra recorded the maximum number of 653 cases followed by Delhi at 464, Kerala 185, Rajasthan 174, Gujarat 154 and Tamil Nadu 121 cases New Delhi: A total of...
Asian factories take Omicron risks in stride, for now
The rising rate of global infections have raised eyebrows among policymakers, with outbreaks in China forcing some firms to suspend production and threatening to disrupt output for memory chip giants like Samsung Electronics a TOKYO: Asia's factory activity grew in...
Explainer:How Tesla weathered global supply chain issues that knocked rivals
"We're designing and building so much more of the car than other OEMs (original equipment manufacturers) who will largely go to the traditional supply base and like I call it, catalog engineering. So it is not very adventurous," Musk said Tesla Inc's ability to design...
France detects a new Covid-19 variant called ‘IHU’, 12 infected
The new variant from the lineage named B.1.640.2 is believed to have infected 12 people in the country, according to a yet-to-be peer-reviewed study supported by the French Government French researchers have detected a new Covid variant, probably of Cameroonian...
SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI
SIBs are perceived as banks that are 'too big to fail (TBTF)'. This perception of TBTF creates an expectation of government support for these banks in times of distress. Due to this perception, these lenders enjoy certain advantages in the funding markets. Mumbai: The...
Assets under management of NPS, APY cross Rs 6.99 lakh cr: PFRDA
NPS, which mainly caters to organised sector employees, is segmented into central government, state government, corporate sector employees, all citizens model and NPS Lite New Delhi: Total assets managed under NPS and APY, the two flagship pension schemes of the...
COVID-19 insured loss of $44 bln is third largest catastrophe loss -Howden
"There's only so much event cancellation coverage out there, there’s only so much civil action coverage out there, and when you get to $40 billion, that's pretty much exhausting what was underwritten,” said David Flandro, head of analytics at Howden London: Insured...
Jan 1 Renewals: Late placements and nat cat losses see mixed outcomes, Gallagher Re
The market appears to have moved on from the Covid-19 claims of 2020 as primary companies’ claims reserves stabilise and reinsurance recoveries start to move through the market with an increasing number being settled Reinsurers have managed to achieve further...
Devas case: AAI taking legal recourse against Canadian court’s order to seize USD 30 million
In a statement on Monday, a spokesperson of Devas Multimedia said an amount of over USD 30 million, which was held by global airlines body IATA on behalf of the AAI, has been seized by Devas Multimedia's shareholders following a Canadian court order New Delhi: The...
Surge in cases indicative of third Covid wave in India: Expert
Noting that in the major metro centres and the surrounding regions, the new variant of the virus is accounting for over 50 per cent of the fresh cases. The galloping increase in the number of Covid cases over the last one week is indicative of the third wave, as is...
Equity investors’ wealth jumps by Rs 4.76 trillion in first 2 trading days of 2022
"If the FII buying yesterday is an indication of their renewed interest in India, financials particularly the leading banks, are likely to continue the momentum witnessed yesterday," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services In...
Omicron cases are hitting record highs, but now may have a silver lining
The data, some scientists say, signal a new, less worrying chapter of the pandemic Several factors appear to have made the omicron variant less virulent, or severe, than previous waves of Covid-19. One factor is the virus’ ability to infect the lungs A string of new...