OPEC said Monday that it expects global oil demand to exceed its pre-pandemic level next year because of the roll out of vaccines and economic rebound. “As vaccination rates rise, the Covid-19 pandemic is predicted to be better managed and economic activities and mobility will firmly return to pre-Covid-19 levels,” the Organization of the Petroleum Exporting Countries said in […]
Why Ford is exiting India and what it means for customers
The Ford Escort still looms large in my memory. Until its launch in 1995, the posh segment was largely moribund, apart from the wholly-unattainable Mercedes-Benz E-Class and a couple of other names. But, the Escort seemed novel, as did the blue oval emblazoned on its bonnet. Ford, the American automotive giant that gave the planet the Model T , the Mustang, the Thunderbird and lots of such […]
July IIP sees slower YoY growth at 11.5% as low base effect wears off
As the low base effect slowly wears off, industrial production in India expanded by 11.5 percent year-on-year (YoY) in July, down from 13.6 percent in June. Measured by the Index of commercial Production (IIP), data which was released by the Centre on September 10, industrial output has maintained significant growth from March, 2021, aided by a unbroken low base […]