Japanese Market Lower Amid Pandemic Woes
TOKYO (dpa-AFX) - The Japanese stock market is lower on Friday, returning from Thursday s public holiday, with the benchmark Nikkei 225 going below the 29,000 mark, as traders remain cautious amid the continuing concerns about the spike in daily domestic coronavirus infections. Traders are also digesting a raft of economic data. However, the cues overnight from Wall Street were positive.
Japan s nationwide tally of new infections climbed to 5,918 Thursday, the highest since the second state of emergency was completely lifted in late March.
The benchmark Nikkei 225 Index is losing 148.29 points or 0.51 percent to 28,905.68, after hitting a low of 28,894.90 earlier. Japanese market was closed for a holiday on Thursday.
Synopsis
Retail sales will see a more sharper fall this month at 1.5-1.8 lakh units. This is not even 55 per cent of the sales reported in March 2021, says Vinkesh Gulati, president of the Federation of Dealers Association.
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Passenger vehicle sales are expected to fall by 11% in April at 2.85 lakh units compared to March 2021, as the surge in Covid 19 cases has put a brake on sales that were witnessing an upward spike until 2-3 weeks ago.
While that expectation has taken a hit, industry experts hope for a quick turnaround when the pandemic situation improves, as was seen after the first wave last year.
Maruti’s RC Bhargava recalls his first meeting with Jagdish Khattar and the 24 years that followed
Maruti’s RC Bhargava recalls his first meeting with Jagdish Khattar and the 24 years that followed
RC BhargavaApr 30, 2021, 14:35 IST
BCCL
Jagdish was known as an officer who had high integrity and his entrepreneurial streak was evident from the way he handed his various assignments
His success in a variety of jobs indicated that he was willing to learn and adapt to new conditions.
Unfortunately, many people in India do not recognise that business failures are a part of entrepreneurship and Jagdish had to suffer the consequences of such thinking.Jagdish Khattar was an entrepreneur at heart. Opportunities for entrepreneurs were limited at that time. Like many others from St. Stephen’s College (in Delhi), he joined the
CANBERA (dpa-AFX) - Asian stock markets are mostly lower on Friday, as traders remain cautious amid the fears of a fresh surge in coronavirus infection rates in the region, particularly India and
Print
NEW DELHI Ford Motor Co. expects to firm up capital allocation plans for India in the second half of 2021, a senior executive said in an email to staff, as the automaker overhauls its strategy in a loss-making market.
The automaker has tasked senior executive Steven Armstrong with evaluating investment plans for India in his new role as transformation officer, South America and India, the automaker We have a lot of work to do as we continue to assess our capital allocations in the market, Dianne Craig, president of Ford s International Markets Group (IMG), said in an email to staff on Wednesday, referring to India.