In the sport mode (to keep up with the city traffic on highways) the Chetak’s mileage drops to 85 kms. It will take 5-6 hours to fully charge the vehicle consuming 4-5 units of electricity. With each unit costing Rs 5-6 the running cost of Chetak per kilometer comes to Rs 0.3. … [Read more...] about This week in Auto: Bajaj Chetak launced; Comparison between Chetak and Activa
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"While corporate loan growth is strong and driving overall loan growth, retail loan growth remains skewed in favour of unsecured products. Asset quality has deteriorated as the bank reported higher slippages from lumpy accounts and the agri segment. However, provisioning buffers should enable a steady earnings trajectory," said the brokerage, which estimated loan book/PAT CAGR at 19/25 percent over FY19-22, led by continued improvement in operating leverage, higher fee income and stable margins. … [Read more...] about HDFC Bank Q3: Mixed numbers; should investors buy, sell or hold?
However, unlike the Budget speech, the proposal in the Finance Bill 2019 is wider and covers all taxpayers other than companies and partnership firms. Thus, once implemented, this move may adversely impact FPIs which are set up as non-corporate vehicles.Close … [Read more...] about FM dashes hopes of tweak in FPI surcharge, says trusts should register as companies
Dubbing as "unconstitutional" the stand of some states that the CAA would not be implemented, Union Minister Nirmala Sitharaman on January 19 said all have the responsibility to ensure a law passed by parliament is enforced. Defending the Citizenship (Amendment) Act, she maintained there was no necessity to mix up the National Register of Citizens (NRC) and National Population Register with the CAA and appealed to those opposing the act not to make allegations that would lead to unrest among the public. … [Read more...] about States opposing CAA implementation is ‘unconstitutional’: FM Sitharaman
The McKinsey Global Institute’s (MGI) new China-World Exposure Index shows that the world’s relative exposure to China has increased, while China’s to the world has fallen. This is important for China to be mindful of as they are already facing a contraction with a rising domestic consumption. According to the MGI, in 11 of the 16 quarters since 2015, domestic consumption contributed more than 60 per cent of total GDP growth. In 2017 to 2018, about 76 per cent of GDP growth came from domestic consumption, while net trade made a negative contribution to GDP growth, which was 8 per cent in 2008. … [Read more...] about Trade | How real is the truce in the US-China trade war?