Market

Varun Chadha’s passion for golf started almost two decades ago and for the COO of Tirun Travel Marketing, it’s not just a game, but also teaches him business lessons. He tells ETPanache, “Golf is a great leveler; you are as good as your last shot. Apply this to business, don’t let the highs get to your head and the lows pull you down. Focus on what is on hand.” Chadha plays a few games a month and finds it surprising that the less he plays a week, the better he actually is. He says with a laugh, “That is the toss up!” While the course he uses the most is the ITC Classic Golf Resort, he also likes to play different courses with the Augusta National Golf Club on his bucket list. And who would he love to have a round with? “Herb Kelleher, the chairman of South West Airlines — I would love to pick his brain.” When Being A Lefty Helped Ratan Tata, Mark Zuckerberg And Others With Life Lessons of 6NextPrevPlay SlideshowWhy Being … [Read more...] about How golf taught Tirun Travel Marketing COO important business lessons

Mumbai: The domestic electric vehicle (EV) market is projected to grow 36 per cent annually between 2019 and 2026 as the market has gained traction following the implementation of the second phase of the EV incentives scheme in April. Under the government's ambitious Fame (Faster adoption and manufacture of electric vehicles) II scheme to popularize electric and hybrid vehicles, up to 1 million EV two-wheelers powered by new advanced technology battery of 2KWH are pegged to get subsidy of up to Rs 20,000 each. "Total EV sales in 2018 hit 365,920 units and expected to grow 36 per cent annually till 2026. The battery market is estimated to be USD 520 million in 2018 and projected to grow at 30 per cent annually during this period," India Energy Storage Alliance (IESA) said in report. The base year of the study is 2018 while the forecast period is 2019-2026, it said. The IESA is an alliance of 96 stakeholders comprising energy storage manufacturers,research institutes/universities, … [Read more...] about India’s Electric vehicle market to grow 36% annually till 2026

Email By business reporters Simon Frazer and Michael Janda Updated September 29, 2014 15:04:56 Photo: The ASX has bounced back from steeper morning losses. (Dean Lewins, file photo: AAP) Map: Australia The Australian dollar and the local share market are losing ground, with the protests in Hong Kong adding to investor jitters.The Hong Kong share market has dropped steeply, with much of the city shut down or disrupted by large pro-democracy protests.The city's benchmark Hang Seng index was off almost 2 per cent to 23,220 around 3:00pm (AEST).Australia's dollar had fallen around 0.8 per cent against the greenback in response to the protests in part of its largest trading partner, slipping below 87 US cents for the first time since January.By that stage the market had recovered slightly from its losses earlier in the session.The All Ordinaries index was down 18 points, or 0.3 per cent, to 5,299, and the ASX 200 was also 18 points lower at 5,295.Among the banks, NAB was 0.9 … [Read more...] about Share market dollar fall on Hong Kong unrest

Mumbai: The rupee might continue to appreciate against the dollar till the elections are over, as historical evidence shows that the currency generally tends to do well heading into an election quarter, according to a report by Deutsche Bank. But it might depreciate after that, it said. The rupee however might not be as volatile as it was last year. The rupee generally tends to do well heading into an election quarter, but depreciates in the immediate three month period following the election quarter, according to the Deutsche Bank analysis. The rupee generally tends to depreciate again after elections. If election outcome is in favour of the ruling alliance, then there could be a steeper appreciation until end May. But the Reserve bank may buy dollars to prevent steep appreciation of the rupee. “Once the election news gets internalised, rupee will likely reverse course in July September to end the year around 72 levels, as per our forecast” said Kaushik Das,chief … [Read more...] about Rupee may continue to gain till election result

NEW DELHI: While exit poll projections have created a lot of euphoria in the market, lifting the benchmark indices to new highs, brokerages say they do not find the risk-reward favourable for equities. To be sure, brokerages are not worried about the election outcome, which could at best draw knee-jerk reaction. What they are worried about is continuous earnings downgrades, cautious management commentaries and weakening macro data, which suggest the domestic economy is slowing down. This could be a big headache for the next government after May 23. Data prints suggest India’s factory output contracted 0.1 per cent in March, its lowest in 21 months, thanks to weakening manufacturing activity. In spite of talks of possible gains that India may see from rising US-China trade tensions, the country’s April merchandise export fell to a four-month low, while imports hit at a six-month high, widening trade deficit for the month to $15.33 billion. Services activity expanded in … [Read more...] about Stocks may be rallying, but analysts see major risk-reward mismatch