GM said UAW wages and benefits are expensive compared with competing non-union auto plants in southern US states and also justified plant shutdowns saying market shifts, especially the switchover to electric vehicles, demanded solutions for the Michigan and Ohio assembly plants that are non-productive
Saudi Aramco is one of the main suppliers to Mukesh Ambani’s Reliance Industries, India’s biggest private refining-cum-petrochemical player, and a key supplier to public sector oil refiners such as Indian Oil Corporation
Government on Saturday announced the creation of a Rs20,000-crore facility to help real estate developers complete stalled housing projects for the middle class and also lowered the interest rate on ‘House Building Advance’ for government servants, linking it to the yield on 10-year government securities
Canada Pension Plan Investment Board, which reinvested Rs1,120 crore of its original Rs2,000 crore investment to acquire a 30 per cent stake in L&T IDPL sponsored InvIT unit, now holds all high value projects of L&T IDPL through the InvIT
The ECB’s announcement pushed the euro down sharply against the dollar, with the European common currency hitting its lowest level in more than two years, before recovering all losses as market started doubting the central bank’s new bond-buying plan
IMF attributes the weakening growth rate of the Indian economy to corporate, environmental and regulatory uncertainties, which deter both manufacturers and consumers from taking decisions
This Rs1.76 trillion amount needs to be seen as a sum of three numbers which bear different connotations and has varied impact on the fiscal deficit and bond markets, system liquidity and the overall issue of RBIs capital, reserves, balance sheet strength and its independence, says Arvind Chari, head, Fixed Income, Quantum Advisors
Stanford researchers develop technology to harness energy from mixing of freshwater and seawater
