The Tata group will now manufacture iPhones in India for domestic and global markets, said Union Minister of State for Electronics & Information Technology Rajeev Chandrasekhar on Friday, October 27. The development comes after Wistron Corporation agreed to sell a plant in the southern part of the country to the conglomerate. ‘Congratulations to the Tata team for taking over Wistron operations,’ Mr Chandrasekhar said in a post on X. Read moreWhy this obsession with GDP? Mr Chandrasekhar also said that now within just two and a half years, the Tata group will start making iPhones from India ..read more

Jan Eichhorn, The University of Edinburgh People in the UK say the economy and inflation are currently the most important issues facing the country. But do Britons actually know much about how the economy works? My colleagues, Dan Kenealy and Hayley Bennett, and I used a survey to study public attitudes and knowledge about the UK economy and politics. We analysed the responses of more than 4,400 adults, and found that many people answer fact-based questions about the economy, employment rights and benefits incorrectly. For example, only just under half knew that stock markets can rise even whe ..read more

Equity benchmark indices declined in early trade on Thursday, continuing their weak momentum, amid negative trend in global markets and fresh foreign fund outflows. The 30-share BSE Sensex plunged 502.5 points to 63,546.56. The Nifty fell 159.55 points to 18,962.60. Among the Sensex firms, Tech Mahindra traded nearly 3 per cent lower after the company posted 61 per cent decline in consolidated net profit to INR 505.3 crore for July-September period mainly on account of reduced spending by clients. Read moreWhy this obsession with GDP? Mahindra & Mahindra, Bajaj Finserv, Bajaj Finance ..read more

Nestle, Tata Steel and SBI climb, while NTPC, Airtel and Infosys slid, as the Sensex went down 500 points. Asian markets most gained in today’s session, even as Indian indices fell. Earnings reports and drop in oil prices may lift investor mood Indian shares trade in the red despite Metal stocks gaining after markets cheered China’s approval of a mega sovereign bond issue as a sign of stimulus. Shares in Asia pushed higher after the government stepped up support for China’s economy and stock trading, buoying optimism. Metals rallied. Read moreWhy this obsession with GDP? Oil steadied after fal ..read more

Always thought about the best ELSS funds to invest in 2023, but did not know where to start? Most investors feel the equity markets are not a good option when it comes to saving money on taxes as they may invite additional capital gains tax. You may think investing in debt-related schemes or other funds that provide tax benefits might be the way to go. Read moreWhy this obsession with GDP? However, you need not compromise on the growth of your investment while investing in the equity markets. This can be easily done when you choose the Equity Linked Savings Scheme which is also known as E ..read more

HUL opened over 1% lower after the company reported a marginal decline in consolidated net profit. HCL Technologies, ITC, Power Grid are the other major laggards. Nestle, Tata Motors, Kotak Mahindra Bank are the top gainers in trade on Friday morning. Equity benchmark indices, the Nifty and the Sensex Indices fell in early trade on Friday due to weak trends in global markets and soaring crude oil prices. Foreign fund outflows also weighed on investor sentiments. Falling for the third day running, the 30-share BSE Sensex fell 320.63 points to 65,308.61. The Nifty declined 106 p ..read more

by SATTVA KNOWLEDGE INSTITUTE Decoding Impact is a podcast by Sattva Knowledge Institute that delves into complexities surrounding development solutions in India. In this episode, host Rathish Balakrishnan chats with Varad Pande, a climate finance and investment expert, and partner at Boston Consulting Group. The conversation covers the current gaps in the climate finance landscape, the need to look beyond mitigation, and the importance of a collaborative ecosystem. Here’s an edited excerpt of the episode: Read moreWhy this obsession with GDP? 10.49 The gaps ..read more

James Sullivan, the Managing Director of Asia Pacific Equity Research at JPMorgan sees Indian economy doubling to $7 trillion by 2030, according to a CNBC TV18 report Sullivan sees India becoming the world’s third-largest economy by 2027, with its GDP more than doubling to $7 trillion by 2030. ‘I would argue very strong long-term tactical drivers that make India a key overweight from a structural perspective from JPMorgan,’ Sullivan said in an interview with CNBC-TV18. Read moreWhy this obsession with GDP? Sullivan expects the manufacturing contribution to India’s GDP to rise to near ..read more

Richard K. Blundel, The Open University What if all of the UK’s 48,000 hairdressing salons and barbershops started sharing water and energy-saving advice with their clients, alongside a clipper cut or a wash and blow dry? Previous studies have demonstrated that hairdressers can shape customers’ environmental behaviour with guidance they can trust and that relates to their everyday lives. And it’s not just hairdressers. Cafes and restaurants are also addressing food-related emissions with carbon labelling schemes and more sustainable menu choices. Read moreWhy this obsession with GDP? Recruitin ..read more

Microsoft-owned LinkedIn has laid off nearly 700 employees in its second round of job cuts this year. The layoffs will affect 668 employees across its engineering, talent and finance teams. In an email sent to employees on Monday morning, LinkedIn said it was ‘reorganizing to improve agility and accountability.’ The layoffs, which affect more than 3% of the 20,000-strong staff, add to the tens of thousands of job losses this year in the technology sector in the face of an uncertain economic outlook. Read moreWhy this obsession with GDP? Read the full text of LinkedIn’s email to employees ..read more