In Europe, over 30 million people in Germany, France, the UK, Spain, and Italy have applied for state support, while first quarter 2020 data indicates that the eurozone economy contracted by 3.8 per cent, the largest quarterly decline since the series started in 1995, it said. … [Read more...] about Foreign investors pull out $26 billion from Asian economies; $16 billion from India
Asian grand prix
As mentioned, businesses are slashing costs this year by tactical measures like pay cuts which may not be possible in the next year; in fact there will be cost inflation. So, structural changes in cost are needed for it to be sustainable in the next year. Assuming of course that there is no change in the revenue model. … [Read more...] about The grand reset of costs in 2020
We believe large ticket size discretionary spending will be avoided for some time till income levels recover and there is some sort of revival in consumer confidence. Impact on rural economy is expected to be comparatively lower than urban, given two good crop seasons, back-to-back i.e. decent kharif earlier, bumper rabi now, coupled with expectation of normal monsoons this year gives something to cheer about. … [Read more...] about ‘US-China trade war noise likely to be high given US elections this year’
The 42-year-old Kannan, who was previously the Chief Executive Officer of the Bombay Stock Exchange, was believed to be a contender for the vacant Chairman’s post at the National Stock Exchange. At Uber, he will be tasked with strengthening Uber's presence in its second largest market in terms of number of trips taken. … [Read more...] about Madhu Kannan joins Uber as India business head
These figures indicate that Indian development assistance dynamics has already been under transformation in the last few years. Soft loans have been increasing mainly to fund new infrastructure and renewable projects. The COVID-19 situation may push India further to secure more assistance and soft loans under various bilateral or multilateral windows. Although India will continue to be engaged in its development activities abroad, its own development needs will also be growing. We may witness some new trends in India’s development aid dynamics in the coming years. … [Read more...] about Providing development aid has been an important part of Indian foreign policy. Will it change due to COVID-19?