Covid, Q4 earnings, vaccination among key factors that may guide market this week
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Among Nifty stocks, Bharti Airtel, Tata Motors, Indian Oil Corporation, State Bank of India, Shree Cement, JSW Steel and Hindalco will announce the march quarter earnings.
Nifty50 behaved in line with global indices and closed in the red on a weekly basis. The index failed to retest the immediate resistance zone of 15,000 as it is facing pressure at higher levels.
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NEW DELHI: The domestic equity market began the week on a high note, hoping that the pandemic will eventually peak out and the economy will recover sooner than expected. However, the euphoria fizzled out soon as investors turned wary of inflation in India and the US, with analysts expecting central banks to start tapering soon. Higher bond yields globally may result in further outflows. However, upbeat Q4 numbers provided some breather, but the action remained stock specific.
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The global continuously variable transmission systems market reached a value of US$ 18.6 Billion in 2020. Looking forward, the publisher expects the global continuously variable transmission systems market to exhibit moderate growth during the next five years.
A continuously variable transmission is a type of automatic transmission that seamlessly changes through a continuous range of different gear ratios. It is also known as stepless transmission, pulley transmission, single-speed transmission, and in case of motorcycles, a twist and go transmission. A CVT system replaces the gears with two variable-diameter pulleys, shaped like a pair of opposing cones along with a metal belt or chain running between them. It offers more useable power and driving convenience as compared to traditional automatic transmission systems.
Succession plans in focus as firms lose key executives
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This toll includes only the list of key managerial personnel, whose deaths must be disclosed by listed companies under corporate governance rules. Industry insiders say several top executives, who were not part of key managerial personnel and yet worked in crucial positions, have also died in the last few weeks.
Some top executives of India Inc are also battling critical Covid-19 infections.
At least 20 listed companies in India have lost key, board-level functionaries and top executives since early March, and these untimely deaths have put the spotlight on the need for well-defined succession plans.
Endurance Technologies has announced today i.e. 3 May 2021
a Voluntary Separation Scheme (VSS) for all its eligible permanent workmen employed on the rolls of the plant situated at B-1/2 & 1/3, MIDC Industrial Area, Chakan, Village Nighoje, Taluka Khed, Dist.
Pune - 410501, Maharashtra.
Status of implementation of the VSS and financial impact thereof shall be ascertained and informed in due course after the scheme ends on 20 May, 2021.
Compensation package offered under the VSS is consistent with the best industrial practices followed by the Company.
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