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According to several executives, three of the country’s top five two-wheeler makers — Hero MotoCorp, Bajaj Auto and TVS Motor — are reaching out to suppliers to ensure 60-70% of normal output for June. Total production for June could be 750,000-1 million units, depending on how well the supply chain works.
ICICI Bank to lend more to companies on recovery hopesExecutive director Vishakha Mulye said the bank expects corporate demand also to pick up in the next economic cycle. "For India to grow faster post the pandemic both investment as well as consumption demand will have to fire.… Read MoreTata Motors yet to name new CEO, Butschek to get extension?The Tata Motors board will meet on Thursday to consider Butschek’s extension or a CEO’s appointment. Tata Motors declined to comment for this report, which it described as speculative. It said that it’s the prerogative of the… Read MoreFederal Reserve shifts policy tone before Powell talks it downThe most important takeaway from Federal Reserve’s latest monetary policy meeting was the fact that Powell admitted that the central bank is now talking about the fact that it is time that it starts talking about tapering its… Read MoreUS Fed holds rates at zero, projects two hikes by the end of 2023“Progress on vaccinations has reduced the spread of Covid-19 in the United States,” the Federal Open Market Committee said in a statement released Wednesday following the conclusion of its two-day policy meeting.
from Stocks… Read More‘Inflation led by pent-up demand, to ease soon’Economists at the central bank also prescribe quantifiable metrics to bring down fiscal expenditure and target them for better efficiency. These two views emerge from the research department of the RBI.
from Stocks-Markets-E… Read More
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