Friday, November 29
India’s approach to free trade can appear contradictory. Officials insist they are serious about closing new deals with the UK and the European Union and improving older ones with countries such as Australia. But they also complain that free trade deals in the past have “hurt” India or that they serve as a backdoor for unwelcome Chinese goods.This makes it hard to interpret news that the Ministry of Commerce, which handles trade talks, plans to seek cabinet approval for a new negotiating strategy. The loud grumbling from trade bureaucrats suggests India may soon back even further away from open markets.There is also, however, an optimistic case to be made for a new trade roadmap. India’s negotiators have been stuck in the 20th century. New rules of the road might drag them into the
Canadian Prime Minister Justin Trudeau is "sociologically and politically" an "idiot" who has never truly understood that the vast majority of Sikhs are quite secular in their outlook and want nothing to do with Khalistan, according to a former Canadian minister. Ujjal Dosanjh, a Sikh himself and former federal cabinet minister under Prime Minister Paul Martin, in a column for Canadian newspaper National Post on Sunday argued that Trudeau's approach has empowered Khalistani extremists and created fear among moderate Sikhs. The 78-year-old former NDP premier of British Columbia blamed Trudeau of being responsible for what the column describes as the Canadian Sikh population, the largest Sikh diaspora in the world, being "co-opted by the Khalistanis to the point where this obscure separati
The second quarter earnings season is underway and as many as 47 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out for include that of IRFC, IRCTC and Raymond.Apart from the above, ABB India, Andhra Paper, Amara Raja Energy, Exide Industries, Geam Fabmat, Indian Towers, Tube Investments, TruCap Finance and a few others will announce their quarterly results.Amara Raja Energy Q2 expectationsAmara Raja Energy is expected to report a net profit growth of 17% year-on-year, while revenue from operations is seen growing 10% year-on-year in the quarter ended September 2024.Motilal Oswal said the revenue growth will be driven by aftermarket division, growth in OEMs especially 2Ws and new energy business. Industrial division is expecte
