While the Indian IT sector has successfully created impressive tech clusters and thousands of jobs, growth has mainly come from providing cheaper manpower, says Professor Amit Joshi of IMD Business School.
The greenback’s recent weakness is driven by shorter-term cyclical factors but in the long-run, the situation is more complicated, says economist Nouriel Roubini.
General Motors Co and Ford Motor Co said on Tuesday they are close to completing production of ventilators ordered by the Trump Administration this spring in response to the surge in coronavirus cases, and are ramping down or exiting the operations.
US luxury homebuilder Toll Brothers Inc reported a better-than-expected quarterly profit on Tuesday, benefiting from record-low mortgage rates.
Democratic presidential nominee Joe Biden on Tuesday threw his support behind U.S. laws that require oil refiners to blend biofuels into the nation's fuel pool and criticized the Trump administration for its handling of the mandates.
Nordstrom Inc reported a bigger-than-expected loss and a 53 per cent fall in sales on Tuesday (Aug 25), as its stores were shut for about half of the reported quarter due to the COVID-19 pandemic.
US consumer confidence fell for second straight month in August as households worried about the economic outlook.
General Motors Co and Ford Motor Co said on Tuesday they are close to completing production of ventilators ordered by the Trump Administration this spring in response to the surge in coronavirus cases, and are ramping down or exiting the operations.
U.S. luxury homebuilder Toll Brothers Inc reported a 21.6per cent fall in third-quarter profit on Tuesday, as coronavirus-led lockdowns hurt home prices.
Nordstrom Inc reported a 53per cent fall in quarterly sales on Tuesday, as its stores were temporarily shut for about half of the reported quarter due to the COVID-19 pandemic.
