Out of the 16 operational central public sector enterprises (CPSEs) under the administrative control of the heavy industries ministry, five CPSEs including Heavy Engineering Corporation (HEC) and Hindustan Machine Tools (HMT) are making losses.
before you go, are we going to see the return of the normal energy bill market where you can shop around for a good deal? that has not existed for the last year because of the price cap. can we shop around soon? it is hard to say, i m not avoiding the question, the retail market is in perpetual crisis because it is loss making and it is often overlooked in government policy, there is some stuff here but it is a promise for the down the road consultation so i am not sure. and we use the word normal advisedly, we will not see the bills falling to the levels they were before the gas crisis and most customers will struggle in 2024. which makes doing this stuff, getting off expensive gas and transitioning and living costs, responding to the inflation reduction act, really critical before the next general election. thank you very much for coming in. liz, after making an an energy expert temporarily, let s go to hell.
style. a lot of people who moderated content were fired so people say there are more angry discussions on twitter than maybe in the past. but elon musk said he knew it would be loss making but he has sacked 7500 staff and he thinks that put it on a better track to profitability but apparently worth less than half. if you lose 20 billion, what you want to do? run away. look at this. this is potentially the world s longer screws. most people who go on a cruise might go for two weeks. this is a three year cruise the world. 137,000 miles. it will cost £73,260. you visit 135 countries,
calm the markets? what they wanted it to achieve and calm the markets? well, it depends what they wanted calm the markets? well, it depends what they wanted to calm the markets? well, it depends what they wanted to achieve - calm the markets? well, it depends what they wanted to achieve here. l calm the markets? well, it depends| what they wanted to achieve here. if you think back to a little over a week ago, credit suisse was a bank that was seen as weak, it has been mired in scandalfor years, that was seen as weak, it has been mired in scandalforyears, it that was seen as weak, it has been mired in scandalfor years, it has been loss making, it was undergoing restructuring, butjust over a week ago nobody thought it was on the verge of collapse. what we have seen over the past eight to ten days is a big decline in confidence in the banking sector, generally, that means that credit suisse, as one of the more vulnerable banks, became increasingly vulnerable. depositors started to ta
in scandals and loss making for a number of years. when interest rates start rising, it means that that bonds in which they have invested a lot of money are less attractive. normally that isn t a problem because they will make the money that they lose later on. what you might find is that if people start taking money out the bank, they need to sell those assets to make some cash, some liquid assets and at the moment they are having to do that at a loss so they might not have enough money to cover the deposits. say what the swiss central bank has done has stepped in and said look, if we need the cash to pay those deposits, we can do that. in the longer term, people might start again nervous and want more pete money out, we might sightseeing other banks that are in a similar position also start to fail. just continual drip drip of banks or whether this escalates into a full blown crisis, we are not