Pawan Goenka, Managing Director, M&M, said, “We have several launches coming up in the next 18 to 24 months. The most imminent one is the launch of e-KUV100. This should be happening in the first quarter of the coming financial year. The next one is the new Thar, which should also happen in the first quarter of next financial year. And we're very excited about that launch.” … [Read more...] about Mahindra looks to launch 6 PVs, 5 CVs and 4 tractors in coming 2 years
The health industry’s problem with Medicare for All When it comes to Medicare for All—Bernie Sanders’s policy to turn the government into America’s one and only healthcare payer and save us from a profit-driven healthcare system—the people pocketing the $3.6 trillion Americans spend on healthcare every year foresee some problems with it. Here is the logic as told to me: Let’s say Medicare for All gets passed. The new rule would simplify billing and reduce costs immediately. There would also be an opportunity to shift to a more value-based, preventative healthcare model. However, it would kill off a significant number of jobs. The health insurance industry employs roughly 500,000 people, per the New York Times, which says nothing of the large numbers of administrative people hired in doctors’ offices and hospitals. Economist Robert Pollin estimates the job losses from such a shift would be 2 million. Critics of this argument say that perhaps it … [Read more...] about Can high-tech capitalism fix the healthcare industry?
Nearly 24 hours after the polling ended in Delhi, the Election Commission on Sunday announced that the final voter turnout was 62.59 per cent, five per cent less than 2015, and asserted that it followed the laid down process to compile data, after the AAP questioned the "delay". … [Read more...] about Delhi Election: Counting of votes begins; AAP ahead in early trends
The auto ancillary and defence company on February 10 registered a massive 58.7 percent year-on-year (YoY) decline in profit due to weak demand both in domestic and international markets. One-time expenses on manpower optimisation also proved to be a drag but the fall was limited due to lower tax rate. … [Read more...] about Bharat Forge share price fall 3% after Q3 numbers; brokerages express mixed views
Bharat Forge (BFL) (CMP: Rs 499, Mcap: Rs 23,252 crore), a leading auto ancillary metal forging company, yet again disappointed with a very weak set of numbers for the December quarter. The subdued show came amid a tough operating environment in global as well as domestic automobile industries. A significant decline in volume led to a sharp fall in net revenue. Further, operating profit margin contracted due to negative operating leverage. … [Read more...] about Bharat Forge Q3 runs into a speed breaker, valuations lofty