Predicting the stock markets on the eve of Election Day is as much about personal belief as facts. However, the prospect of increased taxes and its impact on corporate earnings can be a powerful factor in deciding electoral outcomes in the world’s most powerful democracy.
The ongoing rivalry between Elon Musk and Jeff Bezos has acquired a new dimension.
Amid declining profits and pressure from investors, oil companies are looking to reduce write-offs by using ‘smart’ workarounds to the climate change problem that are not entirely environment friendly. Advocacy groups like Greenpeace are calling for greater oversight and are trying to mobilize public opinion against this charade.
The Indian economy may be facing its biggest crisis yet. Its foundations, however, remain robust. Despite short-term setbacks, India’s sterling performance over the last decade and recently introduced policy reforms should have a synergistic effect on growth in 2021-22.
Over the years, Trump has been reaching out to Putin and Kim Jong Un despite the limited strategic gains he has stood to gain. His authoritarian style perhaps makes him feel more at home with dictators than with elected leaders.
The lessons billionaire Mukesh Ambani learned the hard way about the need for prudent succession planning have led him to unusual steps to ensure the continuity of leadership at Reliance Industries Limited, India’s most prized corporate possession.
Given the situation, the armed forces cannot be faulted for wanting to plug the gaps in their capabilities as quickly as possible. However, the cost of these emergency defence purchases would be difficult to justify in the absence of a long term strategic plan that takes into account both existing and future threats to the country. It is here that a Pentagon-style Strategic Defence Review could help India’s military rationalize its procurement priorities and sharpen its combat capabilities.
Though the decks have been cleared for TikTok USA’s eventual takeover by Microsoft Corp, questions remain over the legality of the deal. Experts say that Donald Trump had virtually nominated Microsoft to buy TikTok, with Satya Nadella having engaged in phone conversations with the President over the deal. Now with a ban on the horizon, TikTok is preparing to take Trump to court over what it calls racial discrimination by the US government.
Mukesh Ambani is eyeing stakes in a host of Indian e-retailers to bolster Reliance’s retail offerings. A number of deals are in the works which, if successful, could help the company compete head-on in a fast-growing online retail market projected to be worth an estimated $170 billion by the end of the next decade.