The fall in the stock price follows MTNL’s announcement to the exchanges, in which it said that Punjab National Bank (PNB) has downgraded the loan accounts of the company to NPA
What effect will US Fed’s rate cut have on India? (19-09-2024)
The impact of the US Federal Reserve’s move to cut the benchmark interest rate will be muted for India as it was mostly priced in, Chief Economic Advisor V Anantha Nageswaran said on Thursday. He said that the Indian stock market is already attracting investor interest and overall the rate cut is positive for emerging markets.
Govt targets major reduction in fossil fuel imports through hydrogen innovation (19-09-2024)
Central to this initiative is the project involving Mirai, a hydrogen-powered car, which utilizes hydrogen derived from waste materials. This aligns with the government’s broader strategy to harness biotechnology for more affordable hydrogen production. The minister emphasized that achieving a production cost of one dollar per kilogram of hydrogen is a crucial step toward making India an energy-exporting powerhouse.
“Kothari Petrochemicals: From Poly to Power – Shaping Tomorrow’s Petrochemical Landscape” (19-09-2024)
Adding a data point here which may be helpful – Arjun Kothari is Mukesh Ambani’s nephew[1]. I don’t mean this to negate the fact that he is an amazing businessmen in his own right. Just something that other investors should know I feel.
PS: I am a long term investor in Kothari petrochemicals.
After Fed Cuts Rates, Biden Claims Credit for Economy’s Strength (19-09-2024)
The president said he was not declaring victory over inflation, but marking a pivot point for the recovery from pandemic recession.
How Inflation and High Interest Rates Have Changed the Economy (19-09-2024)
As inflation cools and the Federal Reserve cuts rates, an era of economic upheaval is coming to a close, but not without lingering marks.
How to Avoid Cancellations on Short-Term Rentals (19-09-2024)
A family reserved an eight-night Vrbo in the U.S. Virgin Islands, but the owner canceled the day before the trip. Finding a comparable place was stressful and cost over $4,000 more; Vrbo wouldn’t make up the full difference.
Chinese Automakers’ Answer to E.U. Tariffs: Build in Europe (19-09-2024)
BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.