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Chinese smartphone makers are all the rage in India, but when it comes to the automobile market, not a single Chinese company has yet made its presence felt.  That’s not because they didn’t try. That is because Chinese Foreign Direct Investment (FDI) projects in the auto sector worth $5 billion are yet to be approved by the central government following India’s military standoff with China since 2020, according to TechSci Research, a market research and consulting company. In the last four of five years, many Chinese automakers such as Great Wall Motors (GWM), Changan Automotive, MG Motor, Haima Automotive Group and Chery Automobile have been exploring the Indian passenger vehicle market. Some even announced investments as well to make cars and trucks in India. With their FDI proposals not going through, they are rethinking their strategy and are now looking at other countries in Asia like Thailand, Indonesia and Vietnam, analysts said. Moving to Brazil, Indonesia instead … [Read more...] about Chinese automakers face stumbling blocks in Indian market

On Aug. 24, 2022, President Joe Biden announced the administration's plan for broad federal student loan forgiveness. Eligible borrowers can receive up to $10,000 in debt relief, plus an additional $10,000 for Pell Grant recipients. While this news likely came as a relief for many, it may have been a frustrating announcement for anyone who paid off some or all of their student debt during the COVID-19 payment pause. If you're one of these borrowers, the goods news is that you might be eligible for a refund, even if you paid off your entire balance during the pause. Key Takeaways As part of President Biden's student loan forgiveness plan, borrowers will be able to receive up to $20,000 in student loan relief, so long as their annual earnings are no greater than $125,000 ($250,000 for married couples). Roughly 9.1 million borrowers made at least one student loan payment between April 2020 and March 2022. Of that number, approximately 1.9 million paid off all of their debt. … [Read more...] about How to Get Your Student Loan Payments Refunded

For Indian IT companies, Accenture's revenue estimates for the first quarter of the upcoming fiscal may be a cause for concern, according to analysts. Accenture’s results, which come before those of India's major IT companies, typically represent expectations for those companies' own results. A sizable number of the company’s employees also work in India. Accenture, which announced its fourth quarter results on September 22  (it follows a September-August financial year), forecast Q1 revenue in the range of $15.2-15.75 billion, which is less than the estimate of $16.07 billion and includes a -8.5 percent impact on a year-over-year basis due to a stronger dollar. Accenture's revenue guidance for the first quarter of the next fiscal year, which is lower than expected, could be a sign of concern about the slowing of the world's largest economies, whether in North America or Europe, according to Omkar Tanksale, Research Analyst at Axis Securities. “For India, I believe the … [Read more...] about Accenture’s revenue guidance for Q1 points to concerns for Indian IT firms

Since June 2022, sentiments in the market have turned bullish due to sustained buying by FPIs. This may be because India is perceived to have good growth prospects. Besides this, cooling of crude oil prices and easing of inflation rates are some of the other factors that have further aided the mood on Dalal Street. However, the ongoing geopolitical crisis between Russia and Ukraine and any escalation between China & Taiwan could be party spoilers adding to the market volatility. One needs to learn how to be resilient in the face of such unsettling events and not shatter under pressure. This would mean choosing investments that can potentially help you benefit from volatility in the long run. Multi-asset allocation funds can come in handy as a way of dealing with market volatility and economic uncertainty. But what are multi asset allocation funds? Read on to know more. As the name suggests multi-asset allocation funds invest in multiple assets. Securities and Exchange Board … [Read more...] about Multi-asset allocation funds: Your companion to tide market volatility

As disruptions go, the past 2-3 years have upended conventional business models more than ever. The erstwhile traditional models of business have given way to digital-first ones where the lines between business and technology have blurred. Decisions are now increasingly being backed by data and analytics. This approach has offered new revenue-making opportunities and has the potential to make a direct impact on the bottom line. The era of “digital transformation” is well and truly here where every organisation worth its salt sees it as a catalyst for growth. And the quest to become a data-driven organisation and gather insights isn’t an easy one. It requires a combination of entrepreneurial instincts, creative thinking and analytical thinking. Over many decades, Accenture has brought its invaluable consulting experience across different industries to address challenges and deliver measurable, value-led outcomes. In that light, at the Accenture B-School Next Horizon Strategy … [Read more...] about Accenture B-School Next-Horizon Strategy Challenge inspires young business leaders to reinvent the future

More experienced workers are better suited for some roles, but older workers, too, should not worry much about who they report to. (Representational image: LinkedIn Sales Solutions via Unsplash) I have been observing of late that hiring younger folks in most workplaces, and for most roles, is becoming the norm. As a 30-something-year-old, I have started to feel like a geriatric (except when I remind myself there is much of life ahead of me). Thinking deeper, I know why I feel this way; my interactions are mostly with youngsters and not so much with older people at work. While I bring in the experience, they bring in the ‘hustle’ and we live happily together. But my case is the exception. Workplaces today are missing out on a vast amount of competence and thought innovation by not hiring seasoned professionals above 45 or 50 years of age. While this is the norm at most startups (in the early stages, to be more specific), it also holds true for many other industries. The only … [Read more...] about Why workplaces need experience capital

Share to Twitter Share to Linkedin Topline Florida Gov. Ron DeSantis (R) said Saturday the state is working with Elon Musk to expand internet access in hurricane-devastated regions of southwest Florida using his Starlink satellite internet service, marking the company's latest foray into expanding service for a region in crisis. Key Facts DeSantis said the company plans to send 120 "large Starlink units" to Florida, which will serve as satellite dishes to distribute internet connections to devices within a 13-mile radius. Many of the terminals are set to go to Lee County, where dozens have died and coastal communities have been left devastated after taking a direct hit from Category 4 Hurricane Ian on Wednesday. Search and rescue crews will also be prioritized in receiving access to Starlink units, DeSantis said. Starlink is fully covering "the costs associated with all the coverage," according to the governor. Key … [Read more...] about Musk’s Starlink Aiding Florida With Internet Access After Hurricane Ian, DeSantis Says

Share to Twitter Share to Linkedin Topline The death toll from Hurricane Ian surpassed 50 in Florida on Saturday after Lee County Sheriff Carmine Marceno confirmed an additional 14 deaths in his storm-ravaged southwestern Florida community, as search and rescue efforts remain ongoing. Key Facts At least 35 people were killed in Lee County, Marceno said, which brings the confirmed state total to 56. Lee County includes the communities of Fort Myers and Sanibel , which took near direct hits from Ian as the Category 4 storm made landfall with 155 mph sustained winds Wednesday. Four deaths have been confirmed in both Volusia and Sarasota counties, along with three in Collier County, one in Lake County, one in Manatee County and one in Polk County, according to a Miami Herald count, citing local officials. Charlotte County Commissioner Christopher Constance said seven deaths have been confirmed in his county, the home of Punta Gorda. … [Read more...] about Hurricane Ian Death Toll At 56 In Florida—Will Likely Climb Higher

Share to Twitter Share to Linkedin Each October brings a slate of pink products in support of Susan G. Komen and the global fight against breast cancer, with the intention of educating the public about this too-common disease and raising money to find a cure. Today this collaborative effort, which has grown significantly in size and geography since its inception, comprises a variety of activities and organizations with a common purpose and an often-global reach. This October many companies are opening their hearts and donating to this important initiative. One such brand is Zenith, with the introduction of its special edition Chronomaster Original Pink : twenty percent of the sale of goes directly to the Susan G. Komen organization. “Supporting the Susan G. Komen foundation, with its rapport and incredible impact, is a partnership of great significance for Zenith,” says Zenith CEO Julien Tornare of the company’s ongoing support. “The Chronomaster … [Read more...] about Zenith Supports Susan G. Komen In The Race For A Cure

Share to Twitter Share to Linkedin September is National Preparedness Month which promotes the importance of readiness for natural disasters and other emergencies. This year alone, natural disasters have displaced thousands of Americans and in some cases whole communities, due to fires, floods, tornadoes and more. Many of these events have been unprecedented in their impact and have occurred in regions that have not experienced events of this type, scale or magnitude in the past. Each year, in conjunction with the Ad Council, FEMA’s Ready Campaign sponsors National Preparedness Month to educate and empower Americans to prepare for and respond to all types of emergencies. While physical readiness is an important component, such as preparing a family emergency kit, knowing the location of shelters and approved evacuation routes, financial preparedness is just as critical. That’s because access to your money and the ability to quickly make insurance claims for … [Read more...] about 10 Steps To Strengthen Your Financial Emergency Preparedness Now