"In view of the importance of exports in earning foreign exchange and in providing income and employment; and of imports in bringing in essential requirements of raw materials, intermediates, finished goods and technology, measures are being taken to support the foreign trade sector." it said. … [Read more...] about COVID-19 impact: RBI announces measures to support foreign trade
In Wipro, after CEO Vivek Paul's exit in 2005, Azim Premji assumed the role for three years till 2008. Between 2008 and 2011, the company was led by Girish Paranjpe and Suresh Vaswani, both of them old-timers, who quit in 2011 on grounds of personal reasons. By then, Wipro's growth began to slump. … [Read more...] about Wipro’s new CEO: Can foreign executives succeed in Indian IT firms?
Q) Last 10 years data evenly poised for bulls and bears – do you think we should be able to close the month (June) on a positive note, or will it be a negative close for the second month in a row.A) The winner from the Bull Vs Bears tussle for June will depend on India’s policymakers and if they continue to extend the lockdown. … [Read more...] about ‘GDP numbers are largely discounted by D-St; Nifty could make an attempt to touch 10K’
Stating that the funding of the WHO would now be diverted to other global public health organisations, Trump announced a series of decisions against China including issuing proclamation to deny entry to certain Chinese nationals and tightening of regulations against Chinese investments in America. … [Read more...] about Trump says US terminating relationship with WHO; takes steps against China
With the aim of achieving this target, the government aimed to bring down the logistics cost to aid India's competitive strength in comparison with other countries. Logistics cost in India is estimated at 13-14% of gross domestic product (GDP), very high compared with more efficient global systems. In the US and Europe, logistics accounted for 9-10% of the GDP and in Japan, about 11%. … [Read more...] about Modi 2.0: High logistics costs mar shipping industry as it awaits clearance of Major Ports Bill