In the excitement over the allocation of bank licences for the private sector, a new category of licence offered by the Reserve Bank of India (RBI) last year went almost unnoticed. That was when the RBI consolidated the rules for prepaid payment instruments (PPI), popularly understood as e-wallets or gift cards. In the process, the regulator has fast-forwarded a bottom-up card usage industry in India that is completely different from the world of bank-linked credit and debit cards.
For Mahindra & Mahindra (M&M), which has just started executing a comeback strategy for wresting back ground it lost to rivals, this could not have come at a worse time. The maker of the Bolero Neo and the Thar models on Thursday said it would have to halt production at its automotive plant for a week due to the worsening supply situation of semiconductors.
'No matter how many government schemes there are for the poor, the system works more for the privileged, less for the little guy,' notes T N Ninan.
Passenger vehicle majors like Hyundai, Tata Motors, M&M, Toyota Kirloskar and Honda on Wednesday reported growth in domestic sales in August riding on festive sentiments, although market leader Maruti Suzuki posted a decline amid a semiconductor shortage affecting the industry. The country's largest carmaker Maruti Suzuki India Ltd (MSIL) reported domestic sales at 110,080 units, as compared to 116,704 units in the same month last year, down 6 per cent. "Sales volume of the company in August 2021 was affected due to electronic components shortage.
Airline wants to fly to West Asia, Southeast Asia.
The bookings of tickets under the four-day "festive sale" offer have begun from Monday for the travel period from September 18, 2018 to March 30, 2019, IndiGo said.
The airline is not convinced that it will have a sizeable passenger traffic to make wide body operations profitable
About 170 Airbus aircraft operate in India.
'Since 2017, the chief minister and the RSS seem to have come closer.' 'This relationship's warmth is more from the RSS's side.'
'These are cautionary tales, warning you to grow up fast, to be aware of the world around you and make sure that there are no wolves hiding in the shadows.'
The Communist Party of India, which has decided to abstain from voting in the Presidential poll, on Monday said there was "no question" of supporting either the Congress or the Bharatiya Janata party's nominee, as both pursued neo-liberal economic policies that hurt the people.
For automakers, the festive season is about raking it in through ramped up sales and attractive consumer offers. However, despite the robust demand, what may spoil the party this year is a global shortage of semiconductors.
Ankur and Priyanka Modi's collection was meant for the neo-hippie.
Aditya Roy Kapur looked dapper as showstopper walking for Kunal Rawal at fashion week.
The terrorist was killed during a raid on a house in Dhaka's Rupnagar area and was identified by police as top Neo-Jama'atul Mujahideen Bangladesh leader Chowdhury's 'second-in-command'.
Hospitals across the national capital had sent out SOS messages last week about depleting supplies of oxygen.
Stephen Hawking, in his final book Brief Answers to the Big Questions, considered an asteroid collision to be the biggest threat to the planet. At this point, we are as well prepared as dinosaurs were when a 10-km wide asteroid hit the planet 65 million years ago, notes Kumar Abishek.
The plan is to charge 30 per cent less. Travel sector executives say if IndiGo is able to do so, it could create a new class of flyers.
IndiGo's share sale will raise the company's retained earnings to Rs 2,680 crore.
The first leg of the 35-day festive period, which ended with Dussehra, failed to bring any cheer for auto companies. While makers of passenger vehicles struggled to meet demand due to the persistent shortage of semiconductors, a recovery in demand remained elusive for two-wheeler manufacturers despite offers and schemes. The overall season, which ends two days after Diwali, is unlikely to bring any turnaround in either the supply or the demand scenario, said dealers and officials at auto companies.
Roberto Firmino scored twice and Marquinhos and Philippe Coutinho also got goals as Brazil hammered Bolivia 5-0 in their opening World Cup qualifier in Sao Paulo on Friday.
Domestic air passengers traffic logged a 20.1 per cent growth in the January-September period.
"In 21st century India, there is no place for corruption. Corruption slows down growth and takes a toll on the dreams of the poor, neo-middle class and middle class," he wrote in an article posted on Linkedin.com.
India remained the world's fastest growing domestic aviation market with 51 straight months of doubled-digit traffic growth but the woes of passengers as well as carriers manifested in myriad forms.
The lower quarterly profit was mainly due to rise in fuel costs, foreign exchange loss and lower yield
The Pakistani military may shortly give Imran Khan the boot, substituting him with another puppet, predicts Lieutenant General Prakash Katoch (retd).
Congress campaign seeking to paint the ruling party as anti-poor and anti-farmer seems to have unnerved the BJP, feels T N Ninan.
The Left party had favoured spending six and three per cent of GDP on education and health care sectors.
Trump had come under fire from both Republicans and Democrats for his muted response to the violence unleashed by white supremacists during a rally in Charlottesville.
Dhoni says no to brand endorsements amid pandemic, keeps busy with organic farming
This is the largest single dose of equity infusion into the joint venture since its launch in January 2015.
"A seal from a factory in Bihar was found on the three AK22 rifles recovered after the Gulshan terror attack," Counter-Terrorism and Transnational Crime chief Monirul Islam was quoted as saying by the Dhaka Tribune.
Was romance invented so that Sanjay Leela Bhansali would one day make Hum Dil De Chuke Sanam, which released on June 18, 1999, asks Subhash K Jha.
Why are far right Hindu organisations growing in strength? Why is there a rising subscription to Neo-Wahabism, the Saudi Arabian version of contemporary Islam?
Several hospitals in the national capital have been left with no option but to use their back up stock
Rights holders Nimbus Communications, which owns Neo Cricket and Neo Sports channels, have retained the television rights of the Board of Control for Cricket in India for four more years for a whopping Rs 2000 crore.
'Where he used to sit bored, sulky and fiddling with his cell phone in the Lok Sabha (and was often missing during key debates) he is now noisy, aggressive and ready to lead his flock into the well of the House,' says Sunil Sethi.
Pour yourself a hot drink and enjoy!
