Geopolitical conflicts have the potential to impact global stock markets through various economic and financial channels. Disruptions to energy and commodity supplies, increased market volatility, and heightened economic uncertainty can all weigh on investor sentiment and stock prices. Additionally, the potential for these conflicts to escalate and draw in other regional or global powers could further exacerbate their impact on the financial markets.
Category: Business & Finance
Tata Motors should worry about BYD and Xiaomi and not Tesla
Concerns have been raised by indigenous automobile manufacturers, most notably Tata Motors, in response to the recent statement made by the Indian government on a new policy for electric vehicles (EVs). In particular, the policy includes a provision for decreased customs tax for global EV manufacturers such as Tesla. In spite of the fact that the strategy is designed to entice well-known electric vehicle manufacturers to set up production facilities in India, it also raises concerns over the possibility of rivalry and the consequent effects it may have on domestic companies. The Make in India project provides businesses with the option to import a considerable number of electric cars each year, allowing them to take advantage of a significantly reduced customs tax rate of 15%.