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BBCNEWS Asia Business Report July 6, 2024

results missed market expectations. delayed results, a missed market expectations. tesla s income and earnings fell by more than 20% in this past quarter compared to the same time last year. it is a big number, but not totally unexpected because the company has been slashing prices of its top selling vehicles over the past year. samira hussain has more from new york. bringing in 20% less income is, well, not good. what helps the electric car maker, however, is that it warned wall street this was coming, so it didn t come as a complete surprise given tesla cut prices on its top selling cars several times last year and in fact did it again this week. now, tesla is grappling with higher borrowing costs for consumers, slowing demand for their cars and so much more competition in the electric car market. so the price cuts did the trick. the company saw a 36% jump in deliveries, but the price cuts also mean that the profit margins on each card sold have gotten smaller. let s ....

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RBI repo rate: RBI holds rates; monetary stance change, rate cuts must wait

The Reserve Bank of India (RBI) has maintained interest rates and monetary stance steady for the sixth consecutive monetary review meeting, amid geopolitical tensions and uncertain food prices. The central bank forecasts the economy will repeat its performance next fiscal, expanding at 7%, and inflation will remain above the target at 4.5%. The panel s focus on the withdrawal of accommodation has led to cracks in the Monetary Policy Committee, with both decisions voted 5 to 1. ....

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Moody's Investors Service (Moody's) | Moody's Investors Service retains India's economic growth forecast for 2023 at 6.7 per cent

With exports remaining weak against an unfavourable global economic backdrop, Moody’s in its Global Macroeconomic Outlook 2024-25 said sustained domestic demand growth is propelling India’s economy ....

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Domestic demand to sustain India's growth, says Moody's : The Tribune India

Domestic demand to sustain India's growth, says Moody's : The Tribune India
tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.

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Moody's retains India's 2023 growth forecast at 6.7% on strong domestic demand

With exports remaining weak against an unfavourable global economic backdrop, Moody s in its Global Macroeconomic Outlook 2024-25 said sustained domestic demand growth is propelling India s economy. ....

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