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Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: EV delivery numbers from Tesla, Ford, and more; GM apprehensive on EPA's emissions crunch; and a lawsuit against Rivian.

By Steven Scheer

Amidst the heightened global uncertainty, the Indian economy has proved to be more resilient than many large economies of the world, a report from CII has showed. A conducive domestic policy environment, along with healthy performance of its key macroeconomic indicators have sustained the growth momentum of the economy, the report said. The CII Business Confidence Index (CII- BCI) improved to a reading of 66.1 in Q1 (Apr-Jun FY24) as compared to 64.0 in the previous quarter showing a positive momentum in indicators such as GST collection and air & rail passenger traffic. 63 per cent of over 180 firms surveyed in the Business Outlook Survey (63 per cent) expect India's GDP growth to be 6-7 per cent for FY24, similar to RBI’s growth forecast of 6.5 per cent for this fiscal year. 86 per cent of the respondents expect inflation to fall below 6 per cent in FY24 in line with RBI’s projection of 5.1 per cent of inflation in FY24.

market cap of $2.999 trillion as of now. Buffett found love for Apple shares during the first quarter of 2016. He currently holds 916 million Apple shares which are worth a massive $175 billion as of now, as per Stockcircle.

As tech companies head into Q1 earnings season this week, experts will also be keeping a close watch on any management commentary on the revision of the growth outlook for FY24, the spread of demand deterioration beyond BFSI (banking, financial services and insurance), hi-tech, telecom and retail verticals, net hiring, project ramp downs and pricing pressures, as key monitorables.Tata Consultancy Services (TCS) and HCL Tech are scheduled to declare their results on July 12, followed by Wipro's report card a day later (July 13). Infosys will announce its Q1 numbers on July 20, while LTIMindtree is slated to do so on July 17.

The sentiments around the IT sector remain weak on the deteriorating demand environment, which is expected to only pick up in the second half of fiscal 2024. Focus on cost efficiency, with companies cutting down on non-critical projects, and weak global macroeconomic conditions are expected to create pressure on the topline of these companies.

Some brokerages, in fact, have cautioned that pain will continue for the tech pack up ahead, as recovery is likely to be more gradual, only around Q4 FY24 or in FY25. As tech companies head into Q1 earnings season this week, experts will also be keeping a close watch on any management commentary on the revision of the growth outlook for FY24, the spread of demand deterioration beyond BFSI (banking, financial services and insurance), hi-tech, telecom and retail verticals, net hiring, project ramp downs and pricing pressures, as key monitorables.Tata Consultancy Services (TCS) and HCL Tech are scheduled to declare their results on July 12, followed by Wipro's report card a day later (July 13).

gold fell to a four-month low, correcting more than seven percent from May, when it reached close to its all-time high. A steady US dollar and expectations of more rate hikes from the US Federal Reserve weighed on the prices of the yellow metal. A similar selloff was witnessed in domestic gold also.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Bajaj-Triumph Speed 400 costs ₹2.33 lakh (ex-showroom). The motorcycle will be available in the country by the end of July. The company, however, has not revealed the price of Scrambler 400X.

Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.

The New York Post.  Since 2020, PolicyLink, the organization behind DefundPolice.org, has received $3 million in donations from the Chan Zuckerberg Initiative, the report said, citing investigative report Lee Fang.  The anti-police group calls itself a place for advocates or organizers who are looking for resources to divest from policing for building safer communities, the NYP report said.   In addition, Mark Zuckerberg and his wife Pricilla Chan's CZI has also offered monetary support of $2.5 million to another anti-cops group called ‘Solidaire’.  The company's February filing stated that CZI increased its spending on Mark Zuckerberg's personal security by $4 million.

Former Walmart U.S. CEO Bill Simon joined ‘Fox & Friends Weekend’ to discuss the nationwide spike in layoffs that have now extended beyond the Big Tech industry.

The robo-debt royal commission rejected the oral evidence of a PwC partner who testified he could not recall if the firm was preparing a report about the scheme for the Department of Human Services.

Patriot Battery Metals, the ASX-listed lithium explorer working on a big project in the Canadian province of Quebec, used “curiously timed buyout rumours” to inflate its share price, a short-selling activist investor claims.

Insurance giant IAG will wear bigger upfront damage bills from wild weather strikes and earthquakes under new terms cut for its own reinsurance protection.

World Cup was understandable. For the older generation of cricket fans and followers, the West Indies represent a glorious past, a time when they travelled to all corners of the cricketing world and thrashed the opposition. They were the all-conquering heroes in the 1980s, beating the predominant England and Australia Test sides a whopping 28 times while losing just thrice.

electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia's superpower dominates key raw materials to make batteries for zero emission cars. China's recent decision to restrict exports of two metals — gallium and germanium — used in semiconductors and EVs should raise red flags for European leaders as it shows the continent's over-reliance on China and the need to build a costly supply chain, Senard said in an interview.

Sharad Pawar on Saturday slammed his long-term colleague and rebel NCP leader Praful Patel for accusing him of favouritism, and said Patel got more opportunities in the party at the cost of his daughter Supriya Sule. Pawar also blamed himself for not being able to anticipate the extent of the split in the party.

A home renovation loan is a type of loan that is used to finance the renovation or remodeling of a home. This type of loan is specifically designed to help homeowners cover the costs associated with making upgrades or improvements to their home.

Haryana government’s affordable housing policy where the state government allots apartments constructed by developer at a fixed rate, is likely to gain traction again as the cabinet increased the allotment rates by 20%. Due to the substantial increase in the cost of raw material, developers have been demanding that the state government amend the rate as projects were becoming unviable. “The higher rates would encourage developers to undertake more affordable housing projects, increasing the supply of affordable homes.