Hcl share price forecast

New C-Class Mercedes-Benz, the country’s largest maker of luxury cars by volume, recently launched its entry-level premium sedan the C-class at a price that’s higher than ever before, but the Stuttgart-based auto major doesn’t see that as a barrier to pushing sales and driving volumes. Instead, its executives say that its product portfolio, which it claims is the widest in the category, combined with its transparent pricing mechanism, is future-proofing its business model, and prepping it for even higher sales. Mercedes-Benz India reported sales of 11,242 cars and SUVs in 2021, cementing it at the top of the luxury segment for the seventh year running and giving it a market share of around 41 percent. For Q1 this year, the company says it has already sold around 4,022 units. In terms of its range of products, Mercedes claims the largest selection in the Indian market. “We have the broadest portfolio of any manufacturer in India,” Martin Schwenk, Mercedes-Benz India’s CEO, … [Read more...] about Mercedes-Benz tackles tough market with wide portfolio, transparent pricing

Share to Twitter Share to Linkedin Since the pandemic, many people have been dipping their toes into the content creation waters to explore what it takes to be a full-time content creator. A Bloomberg news article from 2021 noted that “the creator economy has proven to be pandemic-proof.” Many people are flocking to social media platforms like TikTok, Instagram, and YouTube to propel their influencer careers. Stephanie Comfort is a Youtuber who goes by the name Oh! Stephco and has amassed over 65,000 subscribers in just over a year. After one of her videos went viral , Comfort decided to become a Youtuber full-time. In this interview, Comfort opens up about her journey on YouTube and shares why she feels Black women often pay a higher price for speaking their truth. Janice Gassam Asare : So, Stephanie, you have a very popular YouTube channel that you created within the last year or so. Could you talk a little bit more about who you are and your … [Read more...] about Stephanie Comfort Shares Why Black Women Often Pay A Higher Price For Speaking Their Truth On Social Media

Truemeds founders Akshat Nayyar and Kunal Wani Truemeds is a tele-health platform that helps patients with chronic diseases find top quality medicines in India at reasonable prices. According to the founders, its customers save an average of 47 percent on their monthly medicine bills and the company is determined to increase these savings to about 70 percent. In an interview with Moneycontrol , founders Akshat Nayyar and Kunal Wani said they aim to use the $22 million raised from WestBridge Capital and other investors to accelerate growth and triple the number of fulfilment centres across the country in six months. Edited excerpts: Q1: Take us through the journey of your company. How did you come up with the idea of Truemeds? Akshat Nayyar: We founded Truemeds in 2019 to address a very big challenge among the Indian middle class, i.e., affordability of medicines. With over 25 crore (250 million) chronic patients needing medicines each month, India is one of the few … [Read more...] about Truemeds aims to become household name for medicines at true prices: Founders

Share to Twitter Share to Linkedin Fortunes rise and fall in the volatile world of cryptocurrency, but over the last few weeks, they’ve only moved in one direction—down. The total value of all outstanding cryptocurrency tokens is down over 26%, and Bitcoin is down 25% since March 11, when Forbes counted 19 crypto billionaires . Now, just 16 are billionaires, Forbes estimates. For moguls whose net worths are hitched to token prices and publicly traded stocks of crypto firms, it’s been a difficult few weeks. Eleven of the industry’s wealthiest individuals have collectively lost nearly $60 billion, Forbes calculates, as the plunge in crypto erased nearly $400 billion in market value. One person accounted for the vast majority of that loss. Binance CEO Changpeng Zhao (CZ) was the industry’s wealthiest person in March with an eye-popping $65 billion fortune. (Binance previously announced it plans to invest in Forbes through a special purpose … [Read more...] about Crypto’s Richest Lost Nearly $60 Billion In Recent Weeks In Massive Crypto Collapse

- A + A SYDNEY (May 16): Asian share markets were struggling to sustain even a minor rally on Monday, after shockingly weak data from China underlined the deep damage lockdowns were doing to the world's second-largest economy. China's April retail sales plunged 11.1% on the year, almost twice the drop forecast, while industrial output dropped 2.9% when analysts had looked for a slight increase. The risks had been to the downside, given new bank lending in China hit the lowest in nearly four and half years in April. China's central bank also disappointed those hoping for a rate easing, though Beijing on Sunday did allow a further cut in mortgage loan interest rates for some home buyers. News that Shanghai was relaxing some of its lockdown restrictions offered only cold comfort to investors. Chinese blue chips shed 0.4% in reaction while commodity currencies took a knock led by the Australian dollar, which is often used as a liquid proxy for the yuan. MSCI's … [Read more...] about Asia stocks struggle after dire China data

Representative image The soaring dollar is propelling the global economy deeper into a synchronized slowdown by driving up borrowing costs and stoking financial-market volatility -- and there’s little respite on the horizon. A closely watched gauge of the greenback has risen 7% since January to a two-year high as the Federal Reserve embarks on an aggressive series of interest-rate increases to curb inflation and investors have bought dollars as a haven amid economic uncertainty. A rising currency should help the Fed cool prices and support American demand for goods from abroad, but it also threatens to drive up the import prices of foreign economies, further fueling their inflation rates, and sap them of capital. That’s especially worrying for emerging economies, which are being forced to either allow their currencies to weaken, intervene to cushion their slide, or raise their own interest rates in a bid to buttress their foreign exchange levels. ALSO READ: The Dollar … [Read more...] about Dollar’s strength pushes world economy deeper into slowdown

Indian markets remained bearish for the the second consecutive week ended May 13 as the benchmark share indices lost nearly 4 percent. Persistent worries over rising inflation, possibility of further rate hikes by global central bank, China lockdown and weakening rupee kept the investors on the edge. During the last week, BSE Sensex declined 2,041.96 points (3.72 percent) to close at 52,793.62, while the Nifty50 shed 629.05 points (3.83 percent) to end at 15,782.20 levels. However, in the month of May Sensex and Nifty have lost more than 7 percent each. During the week gone by, all the sectoral indices were in the red with BSE Metal and Power indices falling 13 percent each. BSE Telecom index shed 6.7 percent and Realty index declined 5.8 percent. In broader market, the BSE Mid-cap index lost 5.6 percent, Small-cap index shed 6.5 percent and Large-cap Index declined 4.4 percent. In absence of any major event, market participants will be closely eyeing the performance of … [Read more...] about Dalal Street Week Ahead | LIC listing, earnings among 10 key factors that will keep traders busy

Share to Twitter Share to Linkedin Shanghai will gradually allow shopping malls, vegetable markets and hair salons to reopen starting tomorrow after weeks of closure to ward off Covid-19, state-run Xinhua News Agency reported today. “Shanghai has been vigorously promoting the opening of business outlets and the return of personnel to ensure supply of daily necessities,” the Xinhua report said, citing comments by Shanghai Vice Mayor Chen Tong at a media briefing. Lockdowns in the business hub of 26 million have disrupted supply chains, investment, staffing and transportation in the world’s second-largest economy. Foreign businesses with operations in the city include Tesla, Volkswagen and Johnson & Johnson; a government report last year said the city has 61,090 foreign-invested businesses. The city is home to U.S.-listed Chinese companies including Bilibili, Pinduoduo, Trip.com and Huazhu. Lockdown fallout has spilled over from Shanghai itself into the … [Read more...] about Covid-Hit Shanghai To Allow Gradual Reopening Of Malls And Markets, Xinhua Says

Share to Twitter Share to Linkedin The IPO of Campus Activewear, which sells more shoes than the likes of Nike and Adidas in India, propels its founder into the billionaires club. I n a volatile week for its stock market, India has minted a new billionaire. Hari Krishan Agarwal , 66, founder of Delhi-based Campus Activewear , entered the three-comma club after the stellar IPO of his sports shoes company. Shares of Campus Activewear listed at a handsome 23% premium to the IPO price. Agarwal’s 74% stake is now worth around $1 billion. The $9 billion Indian footwear industry has spawned three billionaires in recent years. Delhi-based brothers Mukand Lal Dua and Ramesh Kumar Dua, who run the $350 million (revenue) Relaxo Footwear, which sells everything from casual sandals to formal shoes; and Rafique Malik , who took his $107 million (revenue), Mumbai-based Metro Brands public only last December. (Though Metro listed at a 13% discount). … [Read more...] about Selling Sports Shoes For Under $10 Turned This Shoemaker Into India’s Newest Billionaire

The government last week reported that the economy, as measured by the country’s gross domestic product (GDP), expanded by a stronger-than-expected 8.3 percent in the first quarter, the fastest pace in the region that brought the Philippines’ output back to pre-pandemic levels. The growth has been traced to increased consumer spending following the reopening of more business establishments, as well as increased production as more economic sectors—especially manufacturing, wholesale and retail trade, and transportation — escalated operations. While the robust first-quarter economic performance puts the country on track to hit the 7-9 percent GDP growth target for 2022, Socioeconomic Planning Secretary Karl Kendrick Chua pointed out the need for the succeeding administration to continue the policy reforms instituted by the Duterte administration. To avoid a possible reversal in economic growth, Chua suggested that the incoming Ferdinand Marcos Jr. administration should build on the … [Read more...] about First task: Fixing the economy