The auto sector has been passing through one of its worst phases brought on by a sustained decline in sales, shift in technology and regulatory norms and prolonged weakness in India's financial space.Investors have been offloading their bets in auto stocks, causing most of them to suffer deep losses.In November, the domestic passenger vehicle (PV) sales shrunk by about 9 percent YoY. Domestic commercial vehicle sales were down nearly 18 percent while those of two-wheelers (2Ws) declined by about 14 percent YoY.Close However, overall three-wheeler (3W) segment sales grew by nearly 7 percent YoY, primarily led by improvement in export markets. related news Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing? Though the sales numbers are still subdued, brokerages and industry experts are of the view that the auto sector is gearing up for an upward journey."Ongoing marriage … [Read more...] about Demand looking up for autos; these stocks likely to gain the most
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While the buzz around 5G is often focused on smartphones (and the technology’s promise of lag-free gaming and streaming), the cellular technology stands to hypercharge industries far beyond entertainment. With its high bandwidth, low latency (i.e., the ability to transfer lots of data with minimal delay), and high reliability, 5G is faster and more dependable than 4G, and so robust that it can replace wired connections—bringing everything from factory robots to fleets of autonomous vehicles online. advertisement advertisement Also poised for big change is agriculture. Sensors and artificial intelligence could take some of the guesswork out of nature’s cycles, allowing farmers to remotely monitor weather patterns, livestock wellness, and soil nutrients, while autonomous driving and cloud computing could make equipment more efficient. “Our ability to have machines sending data in both directions is really important,” says Lane Arthur, John … [Read more...] about The next generation of the internet is almost here—and it could even transform our farms
Saudi Arabia’s Crown Prince Mohammed bin Salman is on a two-day visit to India and was welcomed by President Ram Nath Kovind and Prime Minister Narendra Modi, with an embrace of course.The reason for his visit is the strengthening of bilateral ties in various sectors, including energy and defence. If it’s a run-of-the-mill visit by a foreign dignitary, then what makes it controversial, you ask? Well, like in a David Fincher film, the timing.Crown Prince Mohammed bin Salman’s (popularly known as MBS) visit to India comes within five days of the terror attack on a CRPF convoy in Pulwama, which killed 40 jawans and infuriated the entire nation. After the attack, PM Modi had vowed to hunt down the perpetrators and avenge each drop of the martyrs' blood.Close The responsibility of the attack was claimed by Jaish-e-Mohammed (JeM), a banned terrorist organization which reportedly operates from Pakistani soil. JeM chief Masood Azhar, one of the most notorious terrorists in … [Read more...] about Should India really embrace Saudi Arabia Crown Prince Mohammed bin Salman’s visit?
On March 5, Pakistan announced that its interior ministry has placed 26/11 Mumbai terror attacks mastermind Hafiz Saeed-led Jamaat-ud-Dawa (JuD) and Falah-e-Insaniat Foundation (FIF) in the list of banned organisations.According to Pakistan's National Counter Terrorism Authority (NCTA) list, which was updated on March 5, JuD and FIF were among 70 organisations proscribed by the Ministry of Interior under the Anti-Terrorism Act 1997.Before this, the two organisations were reportedly in their ‘under watch’ list since 2017. However, the move to ban these organisations is not a new tactic and has been a part of Pakistan’s playbook to ward off international pressure.Close Action against Saeed's LeT mere lip service related news CBI carries out searches at 13 locations in Rs 568.52 crore bank fraud 200 recommendations of Swaminathan report accepted by govt: Agri minister Believe Congress will take 'good decision' about leadership: Sachin Pilot … [Read more...] about Pakistan’s move to place Hafiz Saeed’s JuD in banned outfits list is nothing but a farce
Below is the complete speech delivered by Finance Minister Piyush Goyal on February 1, 2019."Madam Speaker,I rise to present the Interim Budget for the year 2019-20. I am deeply conscious of the absence of Shri Arun Jaitley today. I am sure the House joins me in wishing Shri Jaitley speedy recovery, good health and a long life in the service of the nation.Close Madam Speaker, the people of India gave a strong mandate to our Government. Under the visionary leadership of Hon'ble Prime Minister Shri Narendra Modi, we have given the most decisive, stable and clean Government and have undertaken transformational structural reforms. We have reversed the policy paralysis engulfing the nation and have restored the image of the country. The major achievement of this Government was that we strived our utmost to change the mind-set and ignited the self-confidence of the nation. related news Need feel-good factor to revive consumption: Exide Life CIO Shyamsunder Bhat … [Read more...] about Full text of Finance Minister Piyush Goyal’s 2019 Budget speech