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The Trump administration is set to issue a 90-day extension of a license on Monday allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd, two sources familiar with the deliberations said.Reuters reported Friday that an initial extension of around two weeks was expected and a longer extension was in the works, but had not yet been finalized due to regulatory hurdles. Over the weekend, the Trump administration's plans changed and it now plans to renew the temporary extension for the same 90-day period as it did in August, the sources said.After adding Huawei to an economic blacklist in May citing national security concerns, the U.S. Commerce Department has allowed it to purchase some American-made goods in a move aimed at minimizing disruption for its customers, many of which operate networks in rural America.Close The extension will be announced Monday, when the earlier reprieve is set to expire, the sources said. The sources declined to be … [Read more...] about US expected to grant Huawei 90-day license extension today: Sources

Tata Motors and Ashok Leyland have reported a steady rise in demand for fully-built vehicles over the last several months, signaling a shift in buyer preference that is now in line with the international trend.Small and large fleet buyers are buying fully-built versions of trucks and buses directly from manufacturers, instead of buying chassis to be fitted later with a vehicle body. Fully-built vehicles are customized to the buyer's preference and are sold in ready-made condition.As buying fully-built vehicles from a manufacturer is more expensive, fleet operators had refrained from it to cut costs. The cost of buying a body from a third party for tankers, trailers and refrigerated vans can be anywhere between Rs 100,000-500,000, cheaper than buying from a manufacturer.Close But with the government being in favour of stricter legislation for commercial vehicles, especially for those using the dense highway networks, manufacturers are witnessing a shift in buying patterns. related … [Read more...] about Ashok Leyland, Tata Motors see demand rising for fully-built vehicles as focus on safer transport grows

Bajaj Auto, India's fourth largest two-wheeler maker, is readying a series of launches over the next one year as a part of an ongoing effort to increase its motorcycle market share, which hit a four-year high in September.After witnessing a sustained surge in demand for its bread-and-butter CT 100 and Platina models, Bajaj Auto is now looking to launch models in the 125cc commuter segment, and as well as in the 150cc-and-above segment."Within the M1 (100cc) segment we see Platina becoming a bigger pie. As we go forward you will also see us focusing a lot on the sports segment. As a family we should be doing around 90,000 from 75,000-80,000 a month in the sports segment," said Kevin D’sa, President (Finance), Bajaj Auto.Close The company is represented in the sports segment by its Avenger and Pulsar models. "As we talk about one or one and half years there will be more products coming in primarily in the M3 segment," D’sa said. related news India makes … [Read more...] about Bajaj Auto eyes more gain in market share with series of launches

Jabin T JacobIndia’s refusal to sign up for the Regional Comprehensive Economic Partnership (RCEP) agreement in Bangkok, Thailand, earlier this month says as much about the state of India’s relations with China as it does about its place in the global trading regime.There is no doubt that India is in many way not ready for the additional challenges and pain its domestic industry and agriculture will face with accession to RCEP, especially since the economy is still recovering from the self-inflicted damage of demonetisation in 2016 and a poorly-executed roll-out of the Goods and Services Tax (GST) less than a year later.Close However, there is not an insubstantial argument to be made about the consequences of opening up under RCEP to a Chinese economy that still is far from being an open market economy. China has a non-transparent legal system, offers multiple hidden subsidies to its State and private enterprises, and is actively engaged in predatory and coercive practices … [Read more...] about Politics | India, RCEP and the China spectre

The market delivered 3 percent return in the week ended October 18. This was backed by renewed FII inflow along with consistent DIIs money, government's initiative towards strategic disinvestments -- especially after stellar response to IRCTC, -- stable earnings and favourable global cues including the Brexit deal.With a rally in two consecutive weeks, benchmark indices recouped all its losses seen in the week ended October 4. The BSE Sensex ended at 39,298.38 and the Nifty50 at 11,661.90.Corporate Q2 earnings are expected to be dull and may disappoint in some cases. Liquidity issues along with consumer spending slowdown could led to not so good Q2 growth numbers.Close "We may see some consolidation in Nifty after the recent surge while movement on the specific stocks would continue. In the absence of any major event, global cues and earnings will continue to dictate the market trend," said Ajit Mishra Vice President, Research, Religare Broking. related news Ideas for … [Read more...] about Hits and misses of corporate earnings: Top 10 companies that declared Sept quarter results last week