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  • ET Now

    Why the Indian vote matters in US elections

    The Democrats and Republicans are going the extra mile this time to capture the Indian diaspora vote by organising meetings, ads and campaign materials in languages such as Hindi, Tamil, Telugu and Gujarati to bolster their chances of bagging the Indian American vote. While Trump's team released a commercial called 'Four More Years' with footage of PM Modi at Houston, Biden has released a manifesto targeted at American Indian voters. According to a Carnegie Endowment report, there are 1.9 million Indian-American voters, who make up 0.82% of the electorate...They are not only the second-largest immigrant group in the US, but also the highest-earning ,with a median income of $139,000 in 2018, making it an important donor base. While the number of desi voters may seem miniscule in absolute terms, every vote is crucial for both parties, especially in swing states such as Michigan, Pennsylvania and Wisconsin, where Trump beat Hilary Clinton by a narrow margin last time..The tens of thousands of Indian-American voters here could make all the difference when the election goes down to the wire

  • ET Now

    Why BECA Can Be The Game Changer | India Development Debate

    Less publicly acknowledged is the fact that becoming a BECA signatory will take India into a select group of long-range missile powers, which can strike targets thousands of kilometres away with an accuracy of 100 metres or less. What about fight over S400? US and India ink a key defence agreement to faciliate the sharing of military and defence inputs. The US says- it stands with India against China's aggression in the Pacific region...The U.S Secretary of State Mike Pompeo says that both nations are ready to take on any Chinese challenge. Catch the full debate with Tamanna Inamdar Richard M. Rossow, Wadhwani Chair in U.S. India Policy Studies, The Center for Strategic and International Studies, Ambassador Leela K Ponappa, Former Career Diplomat & Former Deputy NSA and Indrani Bagchi, Diplomatic Editor, The Times of India.

  • ET Now

    Tata Motors Q2 Review; Luxury carmaker achieved 0.3% EBIT margin reflecting recovery in sales

    Automotive giant Tata Motors handed in a better than expected set of numbers for the September quarter. Revenue came in at Rs. 53530 cr vs Rs. 65432 cr, down 18.2% YoY, and loss of Rs. 307.3 cr vs loss of Rs. 187.7 cr YoY. Given the healthy 11.4% margins, one can see the benefits of cash saving exercise reflect in TaMo's results. JLR's profit before tax for Q2 stands at £65 million on revenues of £4.4 billion. The luxury carmaker also achieved a 0.3% EBIT margin reflecting a recovery in sales & Project Charge+ cost efficiencies. Margins also improved from Q1 with EBITDA at 11.1%. Management commentary for India PV business has been quite optimistic as they look to tap into the resurgence, while they said the CV segment will take some more time to recover. For now, the company wants to focus on working capital, vols & profitability, which they said will be the key growth drivers from hereon.

  • ET Now

    Bharti Airtel Q2 review; How has unlocking the economy led to a strong customer addition?

    Strong subscriber addition and up-trending of customers helped Bharti Airtel post the highest ever quarterly revenue. Unlocking the economy led to strong customer addition and the company substantially added subscribers in the high-end 4G category. All the key operating metrics Average revenue per user(ARPU), data, and voice consumption improved with a pick-up in subscriber addition. The company has been able to improve ARPU from Rs 157 level in Q1 to Rs 162 in Q2. Bharti Airtel was also able to improve its profitability substantially in Q2 to 46%. However, due to higher finance cost, depreciation, and tax outgo the company continued to remain in red versus expectation of marginal net profit.

  • ET Now

    Ankhi Das quits Facebook India

    One of Facebook's most powerful executives in South Asia, Ankhi Das has quit. Das, who headed public policy for India, Central, and South Asia said she is quitting to pursue a personal interest in public service. Her exit comes months after Facebook came under fire here over its alleged bias towards the BJP-led Govt and its failure to remove posts of BJP leaders that were flagged off as hate speech. In August,  The Wall Street Journal reported that Facebook's Ankhi Das opposed applying hate speech rules to posts by BJP leader T Raja Singh and three others as this could affect the Internet platform's business prospects in India. Das in recent weeks also appeared before a Parliamentary panel on data privacy

  • ET Now

    How are two-wheelers recovering amidst COVID pandemic; Harley Davidson’s deal with Hero Moto Corp

    Harley Davidson has finally managed to seal the deal with Hero Moto Corp. And with that managed to stay relevant in the Indian Markets. As a part of the new deal, Hero Moto Corp will be taking care of the distribution and sales of the current Harley Davidson models. Also, Hero Moto Corp will be developing new vehicles for Harley Davidson to sell in the Indian Markets. But what's in store for Hero Moto Corp here? Sources tell us that Hero will be using the same platform to develop vehicles under its own brand name as well. Uttkarsh Chaturvedi with the details.

  • ET Now

    Hero Moto Q2 Review; Margins likely to remain flat YoY at 14.4%

    Given the recovery in two-wheeler space, especially in rural areas, Hero MotoCorp is likely to hand in a stable set of numbers for the quarter gone by. The ET Now poll expects a healthy growth in revenue led by ~7% YoY growth in overall volumes and price hike undertaken on the back of BS-6 transition. Topline is seen at Rs. 9000 cr, up 19% YoY and PAT is expected to come in at Rs. 990 cr, implying an improvement of 13% YoY. Better demand recovery due to a strong entry-level portfolio and robust rural recovery is likely to be the key factors to drive growth in the September 2020 quarter. However, margins are likely to remain flat YoY, at 14.4%, due to higher commodities partly offset by operating leverage. It will be key to note what the management says about festive season expectations and current inventory levels. Demand outlook and customer response for new products launched will also be important to watch out for.

  • ET Now

    Will the dip in IT sector continue till U.S Elections? | AQF Co-founder Nitin Raheja to ET Now

    AQF Co-founder Nitin Raheja in conversation with ET Now presents his outlook on the uncertainty in the market due to U.S Elections and will the dip continue till the elections. He says that sectoral rotation take place in the markets from time to time as far as IT is concerned I think IT business has shown its resilience over the last 25-30 years. So IT spending is here to stay and more so with digitisation and moving to cloud. Every single company out there from mid size to large size company. It's modules get impacted because of digitisation. But the kind of run up seen in IT has put them at multi year high valuation. #USElections #USElectionsITMarketImpact

  • ET Now

    FM addresses India Energy Forum, says "PM dedicated to improving India's energy basket"

    Finance Minister Nirmala Sitharaman addressed the India Energy Forum today. Here's what she said in her address: She stated that globally we are one of the lowest in terms of Corporate Taxation. For any investment which comes into manufacturing and which commences production by March 31st,2023 they shall be paying only 15% Corporate Tax. That is one of the biggest steps that we have taken only in September 2019 much before COVID came in but that is a fact which remains on paper today and therefore something which many industries have thought as one of the best steps taken by PM Modi in the recent past. #IndiaEnergyForum #FMAdressAtIndiaEnergyForum

  • ET Now

    Renogiating Rents | The Money Show

    The lockdown induced by the COVID pandemic has caused a cash crunch for a lot of individuals. Rental payments are becoming difficult and rentals are falling too! According to Raja Seetharaman, Co-Founder, Propstack, Select Small Cities Seeing Marginal Drop Of 5-15% From Pre-COVID Levels. Tenants who are still paying high rents would be well within reason to broach the topic of decreasing the rent with their landlord. Seetharaman says Rent Free Periods Are Being Discussed With An Extension Of Tenure & Back-Ended Rent Payments.

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