Most vehicles are purchased with bank loans. Although many manufacturers of electric vehicles, such as gogreen Ater BOV and Energy have set up their manufacturing facilities in Bangalore, the absence of a broad power charging infrastructure plans and credit have reduced the demand for electric vehicles. “The government is supporting …
Read More »Infosys cuts revenue forecast
The main TI recorded a consolidated Rs 3,606 crore, up 6.1 percent from the same period last year net profit. Infosys disappointed investors by lowering its annual forecast revenue growth for the second time in the last three months citing an uncertain external environment. While the company reported a net …
Read More »Yellen says Fed policy ‘high pressure’ may be only way back from the crisis
Yellen presents to the growing concern in the US Federal Reserve that economic potential is slipping and may need aggressive measures to rebuild. The Federal Reserve might have to run a “high-pressure economy” to reverse the damage caused by the crisis of 2008-2009, the depression of production, marginalized workers, and …
Read More »Stocks, dollar rebound, but Yellen crashed in markets
Stocks in Europe rose more than 1 percent and an index of global equities gained. World stocks and the dollar on Friday recovered, driven initially by data from the US and China, but the Federal Reserve, Janet Yellen President then jolted investors when he said that may be necessary aggressive …
Read More »Russia plans joint fund $ 1 in India, to pump $ 500 Mn IFRS
The fund supports’ attractive investment opportunities and growth in business of Russia in India. In a first, Moscow has pledged to pump in USD 500 million in the field of infrastructure in India, with equal investment by the Fund of National Investment newly formed Infrastructure (IFRS), to form a “Investment …
Read More »Volkswagen to pay $ 175 million to US lawyers sue emissions
VW may have to pay additional fees of lawyers owner as part of a separate agreement potential 3.0 liters. Volkswagen AG, in another step to leave behind their emissions of expensive diesel cheating scandal, has agreed to pay $ 175 million to US lawyers suing the German automaker on behalf …
Read More »Everything is going well for the economy of India: K V Kamath
Kamath who is president NDB sees the GST tax reform and the drop in the interest rate as positive for the economy of India. Sounding lush, veteran banker and New Development Bank (NDB) President KV Kamath said that everything goes right in India today and the third largest economy in …
Read More »Bullion: Gold continued its losing streak for the third consecutive week
Gold futures ended the week about 0.3 percent, while silver clung to an increase of almost 0.4 percent on the week. Gold continued its losing streak for the third straight week in the domestic bullion market on the back of lower demand from stockists and investors mainly in the changing …
Read More »Modi, Putin intends to sign energy agreements ahead of BRICS
Putin is trying to close agreements with India in an attempt to help revive the recession-hit Russian economy. Indian Prime Minister Narendra Modi and Russian President Vladimir Putin are set to sign lucrative energy and defense next Saturday to support economic ties between the allies long agreements. Putin was greeted …
Read More »Sensex below 28,000, 388 points falls week
The NSE Nifty also fell by 114.20 points or 1.31 percent to end the week at 8,583.40. Week reduced the Sensex saw operations it falls below the psychological-28k through intense volatility, loss of 387.54 points, while the broader Nifty passing under the key 8,600 level. The small three-week session operations …
Read More »