Tag Archives: Are

It’s a long, excruciating wait for a new car; cancellations are up, buyer sentiment down

It’s been an endless wait for car buyers as supply chain disruptions continue to rock the automobile industry, creating shortages through the entire line. With waiting times extending to as much as 90 weeks — or nearly two years — customers are having to deal with the prospect of not being able to get their chosen vehicles in a reasonable ... Read More »

Buying your First Car? Here are a Few Things that must be Taken Care Of!

Owning a car is a dream come true moment, isn’t it? Working hard for years, comparing numerous models, visiting multiple dealerships are all part of that process. The buying process can get scary if the buyers aren’t fully aware of their options. It is important to do the proper research about the needs, what steps to take, and what not ... Read More »

Inside China’s underground crypto mining operation, where people are risking it all to make bitcoin

Ben is mining for bitcoin in the Chinese province of Sichuan, hoping every day that he doesn’t get caught by the authorities. Like other crypto miners who have gone underground since Beijing cracked down on the industry earlier this year, Ben — who asked only to be identified by his nickname to ensure his safety — is getting creative to evade detection. Ben has ... Read More »

These IT Firms Are Banned From Applying For US H-1B Visas, Says Report

A new study from National Foundation for American Policy shows that the US government is making things worse for major Indian IT companies. They revealed the denial rate of H-1B visas touched 24 per cent in the third quarter of the current fiscal year. Other than denial of H-1B visa petitions, The US Department of Labor has recently revealed the ... Read More »

Buying a new car is a challenge amid a global chip shortage and limited inventory. Here are tips for finding a decent deal

Being in the market for a new car right now is challenging, to say the least. Heading into the long Labor Day weekend, transaction prices remain elevated. While the three-day stretch normally marks when dealerships hold big sales events to clear their lots and make room for next year’s models, low inventory and strong consumer demand mean fewer incentives are ... Read More »

Here’s how Fintechs are helping used car firms to boost sales

Droom Technology, the online transactional platform for automobiles, recently acquired Delhi-based non-banking financing company, Xeraphin Finvest, for an estimated USD 3 – 3.5 million. The online auto services provider is expanding its fintech business under Droom Credit Business Unit to drive auto loan disbursals and insurance for purchase of preowned vehicles and facilitate dealer financing options. In contrast to declining ... Read More »

Financial goals are changing: Do you really know the future expenses you need to save for?

It will be remembered as the decade when the Indian middle class threw caution to the winds and turned aspirational with a vengeance. Between 2009 and 2019, the share of discretionary expenses in a household’s monthly outgo shot up from 10-20 percent to 25-60 percent, according to financial planners. Saving for a child’s marriage made way for saving for an ... Read More »

We are looking beyond aluminium to create a company of the future: Nalco Chairman

National Aluminium Company Ltd (Nalco) is taking steps to secure a future beyond aluminium. In an interview to ET, the company’s chairman, TK Chand, said a special business vertical has been created to look for lithium reserves that the company can acquire. NalcoNSE 1.28 % is also venturing into production of high-end alloys for space vehicles and electric cars and will take up merchant ... Read More »

Why online brands are going offline to tap fast-growing used car market

In India for every new car sold, there are 1.3 to 1.5 used cars sold. The ratio in US is around 2.5. Armed with $110 million funding received in January, Girnar Software-owned CarDekho is building a network of 200 used car dealerships across the country. It has already set up 31 stores altogether in Delhi-NCR, Bengaluru and Jaipur. Four new ... Read More »

Budget 2019 shows govt wants you to buy electric cars and here are the five best ones coming soon to India

The 2019 Budget showed us that the government is all fired up about transforming India into a global EV manufacturing centre. Who could have imagined Finance Minister Nirmala Sitharaman announcing an additional tax benefit of Rs 1.5 lakh on the interest paid on loans taken for the purchase of electric vehicles (EVs)? But yes, this has happened. Besides, the government is also ... Read More »