Tue, Oct 12, 2021 10:15 PM
European Union carried out world's largest 'green bond' sale
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Bajaj Auto will launch the world's first CNG motorcycle, 'Bajaj Freedom 125', on July 5, claiming a 50% reduction in fuel costs. The bike will feature flexible fuel options with separate switches for petrol and CNG. Priced around Rs 1 lakh (ex-showroom), it will target value-conscious customers, initially in Maharashtra, and later be exported to countries like Bangladesh and Egypt.
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Arvind Subramanian, former chief economic advisor of India, expressed concerns about including petroleum in the Goods and Services Tax (GST) regime, citing potential loss of sovereignty for states. He emphasized the need to rationalize GST rates and absorb cess into the regular rate structure, which currently yields around 0.5% of GDP. Subramanian noted that the Centre has lost 0.5-1% of GDP.
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Chipotle Mexican Grill's stock split has reduced its share price from over $3,000 to around $60, making it more accessible to investors. Despite this, the company's valuation remains high, with a price-to-earnings multiple of 67. For Chipotle to reach $1,000 again, it would need to rise by over 1,500%, which could take years or even decades.
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