Japanese Prime Minister Fumio Kishida said the central bank’s policy of monetary easing should remain on track at least for now. Isabel Reynolds reports on “Bloomberg Daybreak: Asia.”
Expressing its disappointment over the government’s decision on captive private networks, the Cellular Operators Association of India (COAI) has asked for a level playing field, stating that private captive network solution providers should also pay licence fee and GST at the rates applicable for telcos on the billed amount of revenue, and that such captive […]
We initiate coverage on Vedant Fashions (VFL) with a Reduce rating and DCF-based FV of Rs 1,000. VFL is uniquely positioned to benefit from rising spends on branded apparel. Further, we like its high gross margins, asset-light franchise-driven model and strong brand connect with customers. We forecast healthy revenue/EBITDA/PAT CAGR of 21%/20%/ 20% over FY2022-25E, […]
Japanese air-conditioning company Daikin, which is currently at the numero uno position in India’s growing split room AC market, is targeting a market share of “at least” 25% in volume terms in the category by FY25. “In the split room ACs category, we are clearly No. 1 now. We have beaten Voltas which used to […]
Ever wondered how daily supplies or consumer goods reach the villages and talukas of rural India from the industrial towns and manufacturing hubs? Sharath Chandangoudar and Amit Akkihal did. So they studied the market for last-mile delivery in rural India, identified the stakeholders and the bottlenecks, and founded Tusker Transport in 2019, an intra-regional B2B […]
The Union mines ministry is considering a proposal to exclude royalty and other levies from the average sale price (ASP) of non-coal minerals such as iron ore, limestone and bauxite to encourage investments in the sector. The idea is to avoid cascading of taxes, that is levy of tax on tax. Royalty is currently being […]
SYDNEY — The Australian Energy Market Operator (AEMO) said a fire that ripped through a New South Wales power station on Saturday will not affect electricity supply, already snarled by an energy crisis in the country’s east. Read More
BEIJING — Mainland China reported 159 new coronavirus cases for June 18, of which 36 were symptomatic and 123 were asymptomatic, the National Health Commission said on Sunday. Read More
(Bloomberg) — A shortage of popular food items from popcorn to sriracha is hitting restaurants and grocery shelves this summer, a sign that the world’s immense supply chains are still under pressure. Read More
KYIV — The head of NATO said on Sunday the war in Ukraine could last years and Ukrainian forces faced intensified Russian assaults after the EU executive recommended that Kyiv should be granted the status of a candidate to join the bloc. Read More