Here’s what economists are saying about China’s new 5-year plan

By Enda Curran Economists zeroed in on China’s focus on quality economic growth and its technology ambitions in the 14th five-year plan released Thursday. A communique released after a four-day meeting of the Communist Party’s Central Committee gave a broad outline of the plan as well as sketching out a vision for the economy as … Read more Here’s what economists are saying about China’s new 5-year plan

Apple sees record quarter sales in India

Apple chief executive officer Tim Cook on Friday said the iPhone maker has set a new September quarter sales record in India due to strong response of its company-owned online store in the country. In its July-September earnings call, Cook said: “Geographically, we set September quarter records in the Americas, Europe and Rest of Asia … Read more Apple sees record quarter sales in India

Traders roll over fewer positions to November F&O series

Some in the market believe that re-election of Donald Trump as US President would mean continuity in policies and he is considered to be more market-friendly. Synopsis Derivative analysts said the bullish bias is intact as the index has gained 8 per cent in the October series but some positions were liquidated ahead of expiry … Read more Traders roll over fewer positions to November F&O series

Margins, premium product mix to set course for Maruti

However, the current momentum suggests the projections could be revised upward to 13.7-14.25 lakh units. Synopsis The Maruti dashboard displayed good sales volumes in the September quarter, although the proportion of entry-level cars increased, crimping margin expansion at the carmaker that sells one of every two cars running on Indian roads. ET Intelligence Group: Maruti … Read more Margins, premium product mix to set course for Maruti

Plans afoot to bring two schemes under EPFO

New Delhi: The government is proposing to bring the voluntary pension scheme for small traders and unorganised workers under the ambit of the Employees Provident Fund Organisation (EPFO) hoping to make the two schemes more attractive. Both have failed to draw significant subscribers several years after launch. “We are looking at bringing the Pradhan Mantri … Read more Plans afoot to bring two schemes under EPFO

Bihar election 2020: What opinion polls can learn from last election

By Atanu Biswas It was a debacle for pollsters, when most opinion polls failed to predict a landslide victory in the 2015 Bihar assembly elections for the mahagathbandhan. A majority of them even predicted the wrong winner. The average of 13 opinion poll results showed 113.5 (out of 243) seats for the Janata Dal (United), … Read more Bihar election 2020: What opinion polls can learn from last election

No immediate need for GST rate cut as industry doing well right now: Maruti Suzuki

NEW DELHI: Maruti Suzuki India, the country’s largest car maker, on Thursday said there is no immediate need for GST rate cut on passenger vehicles with demand looking good for the next few months. The auto major, with around 50 per cent of market share in the domestic passenger vehicle segment, said the government can … Read more No immediate need for GST rate cut as industry doing well right now: Maruti Suzuki

ServiceNow says India among its fastest growing markets

Mumbai: Digital workflow company ServiceNow which offers a cloud automation platform used for IT service and other functions said that India is one of its fastest growing markets with more companies looking to make the digital shift following the pandemic. The company is looking to accelerate its business from India. The company’s third quarter financial … Read more ServiceNow says India among its fastest growing markets

Mahindra Electric eyes investment, bulk deals with e-commerce companies

Mumbai: Mahindra Electric is eyeing the leadership position in electric last-mile delivery vehicle space and has been in discussions with several e-commerce companies including Flipkart, Amazon, and Reliance Retail among others for a potential deal. The company has also been in discussions with e-commerce companies for capital investment and is close to finalising a deal, … Read more Mahindra Electric eyes investment, bulk deals with e-commerce companies

RIL Q2 preview: Profits may dip but Jio and Retail could see sequential improvement

Mumbai: Mukesh Ambani-controlled Reliance Industries may report a drop in its performance from a year ago when it unveils its September quarter earnings on Friday. The company may, however, log a sequential improvement even though full-recovery to pre-Covid levels is yet to happen. Analysts will also wait and watch company’s take on the legal tussle … Read more RIL Q2 preview: Profits may dip but Jio and Retail could see sequential improvement