The industrial production contracted for the second consecutive month, shrinking by 4.3 percent in September with weakness across sectors. In fact, it hit the lowest level of almost eight years.It was much weaker than a poll of analysts conducted by CNBC-TV18 which was pegged at negative 1.9 percent and contraction of 1.4 percent in August.The growth in the mining segment fell to a multi-year low of (-8.5 percent against 0.1 percent MoM). In sync with the slowdown in the economy, manufacturing IIP also contracted by (-3.9 percent against -1.2 percent MoM) led by large sectors.Close From the use-based classification side, capital goods, consumer durables, infrastructure and construction goods, and primary goods led the slowdown, contracting by -20.7 percent (against -21 percent MoM), -9.9 percent (against -9.1 percent MoM), -6.4 percent, and -5.1 percent (against 1.1 percent MoM), respectively. related news With infra in focus, this smallcap stock could double your investment … [Read more...] about Another 50bps repo rate cut likely by March 2020
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McDonald's India's strict conditions for its north and east franchise have halted talks between the fast food chain and potential Indian partners, according to a report by The Economic Times.RP Sanjiv Goenka Group and the Bird Group are no longer keen on bidding for the McDonald’s franchise, sources told the publication. At present, Sanjeev Agrawal-promoted MMG Group is the only potential buyer.MMG Group owns Moon Beverages, Coca Cola’s largest franchise bottling partner in India.Close The new McDonald's partner will not be allowed to list on Indian stock exchanges and will have to pledge shares to the California-based parent company, the report said. related news Hardcastle eyes Rs 2,500 cr topline, 400 McDonald's stores by 2022 Every McDonald's outlet in India will have a McCafe by 2022 No meat please! Nestle may extend plant-based burger partnerships Moneycontrol could not independently verify the story.“McDonald’s is actively progressing … [Read more...] about McDonald’s India’s strict conditions sour potential partners: Report
There is a big divergence between how the stock market is and the economy is faring. One seems to be hitting all-time highs while the other is hitting lower levels with each passing month.In this ease, growth slowdown has deepened as IIP performance for the second consecutive month points to a deep slump in economic activity. Industrial production data contracted for the second month in a row to 4.3 percent in September, its lowest level in almost 8 years.In terms of markets – the S&P BSE Sensex, which has risen over 11 percent so far in the year 2019, hit a fresh record high of 40,749 on November 8, while the Nifty50 also reclaimed 12,000 levels in the week gone by.Close Equity markets are inching towards record high, but the economy seems to be struggling, which puts investors’ in doubt about investing at record highs. We spoke to experts to help us understand the dichotomy and if investors did the right thing investing in markets at record highs. related … [Read more...] about Economic data disappoints: Did you make a mistake in investing when Nifty50 hit 12K?
The Rikers Island Correctional Facility, a complex of 10 jails and about 10,000 detainees located northeast of LaGuardia Airport, is a longstanding political flashpoint in New York City. For decades, civic leaders have debated shuttering the facility because of its notoriously corrupt reputation, brutal mistreatment of detainees, and inhumane conditions. Critics say it’s impossible to close, citing insufficient infrastructure–but proponents are pressing forward, with Mayor Bill De Blasio supporting a move to close the jail. advertisement advertisement Today, the Independent Commission on New York City Criminal Justice and Incarceration Reform—a multi-disciplinary group of experts convened by City Council Speaker Melissa Mark-Viverito—released Justice In Design, a report that envisions an alternative to a single, centralized jail. It details how community-based jails, dubbed “Justice Hubs,” might function in an urban context … [Read more...] about Redesigning New York’s Most Notorious Jail
Nothing is worse than trying to cook a meal for a house full of guests with scratched pots and skillets, dingy baking pans, and mismatched, dull knives and cooking tools. To help you avoid kitchen malaise, we picked our favorite new and clever products from both tried and true brands and newcomers that may not be on your radar yet. These products look good, make cooking fun (even for a table of 12), and are made to last. So swap out your tired cookery and kitchen tools with your future favorites before it’s time to set the table. P.S., these also make great hosting gifts or holiday presents for the cooks on your list. advertisement advertisement Smithey Cast Iron SkilletSmithey Ironware—which finishes all of its cast iron cookware in Charleston, South Carolina—has only been around since 2015, but the brand models its manufacturing process after techniques used in the 1890s. The result is a cast iron skillet that is reliable enough to last generations but … [Read more...] about These 7 perfectly designed kitchen tools make cooking your Thanksgiving feast a breeze