I think it will be available only by the first quarter of next year. We have to also understand that there are 6 billion people in the world, and all of them need the vaccine. It will take 1 to 2 years to make this vaccine available to everyone. … [Read more...] about ‘90% of India wants the lockdown to go’
Economic slowdown
From Rs 7 cr to Rs 4700 cr, Sona Group chief shares his story
Spurning away from traditional family jewellery business, Surinder Kapur, Chairman, Sona Group, ventured into auto component manufacturing in 1988. Starting with a modest Rs 7 crore revenue in the first year of business to achieving Rs 4,700 crore revenue in FY14, he has seen many ups and downs. Getting candid in an interview with ET’s Nabeel A Khan, he admits it was not right decision to make the big acquisition of Sona BLW. In future, he said Sona would eye smaller acquisitions. However, he is glad to have turned around the company and is now appointing a German CEO. Kapur expects a rebound in the Indian auto industry in the second half of this year and plans to kick start an invest Rs 500 crore in the next three years which includes Rs 150 crore investment in setting up a new forging plant in Bawal near Gurgaon. Edited Excerpts:Q: Why did you choose to enter the auto component manufacturing business which was totally different from your traditionally family business?A: I come … [Read more...] about From Rs 7 cr to Rs 4700 cr, Sona Group chief shares his story
Bill Shorten says everything is going up except your wages. Is he correct?
He added that "changes to childcare subsidies introduced in July 2018 had a large impact on reducing the childcare costs for most families, especially lower-income families", and noted that the CPI includes other forms of childcare, such as before and after school care. … [Read more...] about Bill Shorten says everything is going up except your wages. Is he correct?
Laos to mainstream disaster risk reduction into development plan
"Our country has been impacted over the last two to three years, especially the collapse of saddle dam D at the Xe-Pian Xe-Namnoy hydroelectric power project, floods in central, southern and northern provinces as well as animal diseases, pests and the COVID-19 pandemic," she noted. … [Read more...] about Laos to mainstream disaster risk reduction into development plan
Against the odds, Chinese companies still committed to U.S. market: survey
The 2020 Annual Business Survey Report on Chinese Enterprises in the United States, conducted in partnership with global auditing and consultancy firm PwC, found that more than half of Chinese companies operating in the United States have been adversely affected by the escalating anti-China rhetoric in recent months, with 36 percent noticing identifiable financial losses. … [Read more...] about Against the odds, Chinese companies still committed to U.S. market: survey
