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Market Ahead Podcast, June 28: Factors that could guide markets this week

Macroeconomic data, the pace of vaccination, auto sales and global trends would be the major drivers for the domestic equity markets this week, analysts said. Besides, the progress of the monsoon will also remain on investor radar.
The benchmark indices had ended the eventful week over 1% higher and analysts remain cautiously optimistic on further upmove in the market, although a third wave of Covid can dent sentiments, they say.
While the number of Covid cases in India is on a downtrend, concerns about a new Covid variant loom. India in the last 24 hours reported cases a little over 50,000. The pace of vaccination in the country, too, has picked up the pace with some 4 crore jabs administered last week. Investors will keep a close watch on the vaccination pace and Covid cases going ahead. ....

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Beyond Cheap Labor: Lessons for Developing Economies

Beyond Cheap Labor: Lessons for Developing Economies
The specter of China and it s massive fleet of low-cost laborers haunts developing economies worldwide. However, for middle-income countries, focusing on cheap labor is not the answer for sustained economic growth, according to The McKinsey Quarterly. Using Mexico as a basis for discussion, this report offers alternative strategies for successful competition. More effective routes to economic development involve transitioning to higher-value-added industries, exploiting comparative advantage, and pursuing reforms that increase entrepreneurship and encourage competition. In short, middle-income countries would do best to avoid panicked responses to offshoring; as the authors warn, Don t overestimate the value of low-wage employment. – YaleGlobal ....

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PCA Auto plans one new model each for next 4-5 years, launches Citroen C5 Aircross

PCA Auto plans one new model each for next 4-5 years, launches Citroen C5 Aircross
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IANS
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PCA Auto plans one new model each for next 4-5 years, launches Citroen C5 Aircross. Image Source: IANS News
Chennai, April 7 : Global automotive manufacturer Stellantis group s Indian arm PCA Automobiles India Private Limited is planning to launch one new model every year for the next four-five years and will ship out those vehicle platforms, a senior official said on Wednesday.
Launching the company s first vehicle for the Indian market, Citroen C5 Aircross, a sports utility vehicle, Roland Bouchara, Senior Vice President (sales and marketing), PCA Automobiles, told the media that the company plans to launch one new model every year for the next four-five years. ....

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Cars & 4x4s of the Indian Army

Re: Cars & 4x4s of the Indian Army
In the post Independence era, the Indian defence forces continued to use the Chevrolet CMP 15 (Canadian Military Pattern) of the early 1940 s WW II vintage. Ford of Canada too due to the World War II emergency, manufactured very similar trucks for the British Commonwealth of nations. A longer chassis and a crane variant were also in vogue. The Chevrolet had a 3.5 L and the Ford had a 3.9 L engine respectively. These totally dominated the 4 X 4 fleets with the Ford and Willys GPW, WW II jeeps and the Dodge Power Wagon.
The Dodge Power Wagon WC- 51 with its 3.8 L flat head 6 cylinder engine as a pick-up and a personnel carrier of the WW II vintage were also popular in our forces. ....

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Re-visiting 'Reinstatement': The Vacillatting Interpretations Of 'Reinstatement'

The Industrial Disputes Act, 1947 at Section 11A confers upon Labour Courts, Industrial Tribunals and National Industrial Tribunals (collectively referred to as <i> Tribunals </i>) the power to <i>set aside </i>. ....

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