Financial Slowdown
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KTM In Financial Trouble; Seeks 100 Million Euros For Staying Afloat
KTM finds itself in financial trouble, with a significant slowdown in US and European sales among other things.
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Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
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No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
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Microsoft Expected to Post Slowest Quarterly Revenue Growth in 5 Years; Doubts on Annual Outlook, Analysts Say
Microsoft is expected to post slowest quarterly revenue growth in over five years, and analysts have questioned whether the firm will be able to maintain its outlook for the financial year. The company will announce earnings later on Tuesday amid a slowdown in the PC market and a strong dollar. Microsoft's shares have declined by more than a quarte...
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Logitech Q3 Sales Down 12 Percent to $1.15 Billion, Amid Strong Dollar, Economic Slowdown
Logitech on Tuesday reported that its quarterly sales and profit had dropped in Q3 2022, as the peripherals maker said sales had declined by 12 percent at $1.15 billion (roughly Rs. 9,524 crore). The firm's chief financial officer, Nate Olmstead, will be leaving the company, after its operating income plunged 26 percent to $156 million (roughly Rs....
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Top Nigerian Minister Suggests Government Should Reconsider Policies Against Cryptocurrencies
Nigerian politician Prince Clem Agba has claimed that the residents of Nigeria deserve an opportunity to experiment with the crypto space and use it for their financial benefits.
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Hyundai Motor India Invested Rs. 3500 Crore In Tamil Nadu In FY2020 Despite Slowdown: Report
The investment was made at Hyundai's facilities in Tamil Nadu was part of the Rs. 7000 crore funding announced in 2019. The investment was used for capacity expansion, transition to BS6 regulations and the launch of new offerings.
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Harley-Davidson Appoints New Chief Financial Officer
Gina Goetter will be the first woman Chief Financial Officer at Harley-Davidson and will take over on September 30, 2020.
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"Not Just A Financial Package, But Reform Stimulus": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, in a series of tweets on the Rs 20 lakh crore package announced by Prime Minister Narendra Modi to tackle the economic impact of coronavirus, called it not just a financial package but a "reform stimulus and a mindset overhaul".
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Budget Will "Energise Financial System And Credit Flow" Says PM Modi
Prime Minister Narendra Modi today hailed the Union budget which comes amid a major slowdown in economy, saying it will "increase income and investment, demand and consumption, energise the financial system and credit flow".
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Cabinet Approves Union Budget For 2020-21
The Union Cabinet headed by Prime Minister Narendra Modi on Saturday approved the Budget for the financial year beginning April 1, that may see measures to lift the economy from the worst economic slowdown in 11 years.
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Indian Economy Faced Abrupt Slowdown In 2019, But Far From Recession: IMF
The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.
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Budget 2020 LIVE Updates: Budget Will Bring New Vigor In Financial System, Credit Flow, Says PM Modi
Finance Minister Nirmala Sitharaman started her Budget 2020 speech with tributes to her former counterpart Arun Jaitley. "I pay homage to the visionary leader late Shri Arun Jaitley," she said as she presented her second Union Budget today, amid a slowdown in the economy. "The fundamentals of the economy are strong, and that has ensured macroeconom...
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Honda Predicts Double-Digit Negative Growth For Industry
Although retail sales during the festive season has been enthusiastic, Honda Motorcycle and Scooter India (HMSI) sees the two-wheeler industry ending the financial year with negative growth.
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State-Wide Protests By Congress From November 4 On Economic Slowdown
Congress in Karnataka on Sunday said it would organise state-wide protests from November 4 to 14 on the economic situation in the country, which it described as being "in an ICU" as it accused the Modi government of pushing the country towards a ''financial emergency.''
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KTM In Financial Trouble; Seeks 100 Million Euros For Staying Afloat
KTM finds itself in financial trouble, with a significant slowdown in US and European sales among other things.
-
Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
-
No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
-
Microsoft Expected to Post Slowest Quarterly Revenue Growth in 5 Years; Doubts on Annual Outlook, Analysts Say
Microsoft is expected to post slowest quarterly revenue growth in over five years, and analysts have questioned whether the firm will be able to maintain its outlook for the financial year. The company will announce earnings later on Tuesday amid a slowdown in the PC market and a strong dollar. Microsoft's shares have declined by more than a quarte...
-
Logitech Q3 Sales Down 12 Percent to $1.15 Billion, Amid Strong Dollar, Economic Slowdown
Logitech on Tuesday reported that its quarterly sales and profit had dropped in Q3 2022, as the peripherals maker said sales had declined by 12 percent at $1.15 billion (roughly Rs. 9,524 crore). The firm's chief financial officer, Nate Olmstead, will be leaving the company, after its operating income plunged 26 percent to $156 million (roughly Rs....
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Top Nigerian Minister Suggests Government Should Reconsider Policies Against Cryptocurrencies
Nigerian politician Prince Clem Agba has claimed that the residents of Nigeria deserve an opportunity to experiment with the crypto space and use it for their financial benefits.
-
Hyundai Motor India Invested Rs. 3500 Crore In Tamil Nadu In FY2020 Despite Slowdown: Report
The investment was made at Hyundai's facilities in Tamil Nadu was part of the Rs. 7000 crore funding announced in 2019. The investment was used for capacity expansion, transition to BS6 regulations and the launch of new offerings.
-
Harley-Davidson Appoints New Chief Financial Officer
Gina Goetter will be the first woman Chief Financial Officer at Harley-Davidson and will take over on September 30, 2020.
-
"Not Just A Financial Package, But Reform Stimulus": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, in a series of tweets on the Rs 20 lakh crore package announced by Prime Minister Narendra Modi to tackle the economic impact of coronavirus, called it not just a financial package but a "reform stimulus and a mindset overhaul".
-
Budget Will "Energise Financial System And Credit Flow" Says PM Modi
Prime Minister Narendra Modi today hailed the Union budget which comes amid a major slowdown in economy, saying it will "increase income and investment, demand and consumption, energise the financial system and credit flow".
-
Cabinet Approves Union Budget For 2020-21
The Union Cabinet headed by Prime Minister Narendra Modi on Saturday approved the Budget for the financial year beginning April 1, that may see measures to lift the economy from the worst economic slowdown in 11 years.
-
Indian Economy Faced Abrupt Slowdown In 2019, But Far From Recession: IMF
The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.
-
Budget 2020 LIVE Updates: Budget Will Bring New Vigor In Financial System, Credit Flow, Says PM Modi
Finance Minister Nirmala Sitharaman started her Budget 2020 speech with tributes to her former counterpart Arun Jaitley. "I pay homage to the visionary leader late Shri Arun Jaitley," she said as she presented her second Union Budget today, amid a slowdown in the economy. "The fundamentals of the economy are strong, and that has ensured macroeconom...
-
Honda Predicts Double-Digit Negative Growth For Industry
Although retail sales during the festive season has been enthusiastic, Honda Motorcycle and Scooter India (HMSI) sees the two-wheeler industry ending the financial year with negative growth.
-
State-Wide Protests By Congress From November 4 On Economic Slowdown
Congress in Karnataka on Sunday said it would organise state-wide protests from November 4 to 14 on the economic situation in the country, which it described as being "in an ICU" as it accused the Modi government of pushing the country towards a ''financial emergency.''
