Jaguar Land Rover is proving to be a drag on Tata Motors' financials, so much that N Chandrasekaran-led carmaker's market capitalisation currently is even lesser than that of two-wheeler companies Bajaj Auto and Eicher Motors.At Rs 73,300 crore, Tata Motors' market capitalisation has now slid to the fifth spot in the auto segment, owing to JLR's flagging sales in high-growth markets such as China and Europe. The market cap has fallen from the Rs 1.7 lakh crore-mark it hit in September 2016.The drop comes despite Tata Motors standalone business becoming the fastest-growing in recent quarters. The company’s commercial and passenger vehicle divisions have seen a double-digit growth in the past five quarters on the back of new product launches.Close Notwithstanding the market capitalisation slide, Tata Motors is still the country's biggest automotive company in terms of revenue share. In FY18, it clocked a consolidated revenue at Rs 2.95 lakh crore, which is more than thrice of … [Read more...] about Flagging JLR sales dent Tata Motors m-cap; Mahindra, Bajaj Auto, Eicher zoom past
Flag at halfstaff
Over the past two days, perhaps you’ve noticed an increase in pastel pink and blue across your social media feeds, in the daily news, and even lighting up San Francisco’s City Hall. advertisement advertisement On Wednesday, President Trump tweeted that transgender people cannot “serve in any capacity in the U.S. Military” (although, as of this writing, the military has confirmed that the current policy allowing transgender individuals to serve remains in place). In response, people have shown their support for the transgender community using the transgender pride flag, designed by transgender activist and U.S. Navy veteran Monica Helms in 1999. The story behind Helms’s activism and how she created this symbol for the transgender community is a poignant example of the role design can play in the ongoing fight for transgender rights. EVERY American who serves our country should be respected and protected. … [Read more...] about The Designer Of The Transgender Flag Is A Navy Veteran
Renu KohliThe evolving fiscal dynamics threatens to override September’s fiscal reforms and support actions. The government’s action, combined with monetary easing, were seen to spark a recovery from this quarter.But an intensifying resource crunch and its interplay with persisting economic weakness in October are an alarming sign. The fiscal policy is fast getting trapped between the need to restrain spending and yet boost demand or risk negating monetary stimulation.Close Fiscal slippage risks have increased due to a deepening revenue deficit which, in conjunction with fresh financing commitments and corporate tax giveaway, has brought the gap and absence of additional resource-mobilization plans into the spotlight. related news Macro Matters | Was consumer spending in 2017-18 really lower than in 2011-12? FM holds meeting on GST simplification; similar meetings across country on Dec 7 CBIC refutes reports of authorities seeking 18% GST levy on CEO, CXO … [Read more...] about Fiscal hit fears are for real. Where are resources for growth?
There were 950 cases of ceasefire violations (CFVs) along the Line of Control (LoC) from August to October this year in which three security forces personnel lost their lives, Shripad Naik, Minister of State for Defence said on November 18. The International border in the Jammu region saw 79 incidents of CFVs, he added."Pakistan has been resorting to Ceasefire Violations (CFVs) along the Line of Control. There have been 950 incidents of CFVs along Line of Control and 79 incidents of CFVs along International Border in Jammu region during the last three months (August to October, 2019)," he said in a written response to a question in the Rajya Sabha."As per the casualties classified so far, during the last three months three personnel have been martyred and seven injured," he added.Close Replying to a separate question, Naik said Pakistan has been resorting to ceasefire violations along the LoC and appropriate retaliation has been carried out by Indian Army. related news BJP … [Read more...] about 950 cases of ceasefire violations along LoC between August-October
Ride-hailing company Uber on April 11 filed for an Initial Public Offer (IPO) and may be listed on the New York Stock Exchange (NYSE) from May this year, as per media reports.The IPO is touted to be one of the biggest technology debuts, and multiple media outlets have reported Uber's proposed valuation to be around the $100 billion mark.This is a staggering 25,000 times higher than the $4 million it was valued about a decade ago, during the initial round of funding. To put this into perspective, if you had invested $1,000 in Uber's seed funding, it would be worth $25 million today, as per the proposed valuation.Close While many rejoiced at the thought of one of the most globally renowned companies going public, a closer look at Uber's prospectus hoists major red flags. related news Delhi-NCR pollution: Ola and Microsoft to collect air quality data PFRDA studies proposal to allow pension fund managers to provide annuity services Xiaomi seeks incentives to boost exports, … [Read more...] about Uber’s upcoming IPO has raised more questions than it has answered – here’s why