The company shut its factory on June 3, which ironically was also World Bicycle Day. It laid off its 431 remaining employees, but the company insists they continue to be on its rolls and will be paid "lay-off wages" upon marking attendance daily.
India can sustain 8 per cent annual GDP growth and the conducive macroeconomic configuration may become a launching pad for a step-up in the country's growth trajectory, said an article on the 'State of Economy' in the central bank's March Bulletin published on Tuesday. Over the period 2021-24, gross domestic product (GDP) growth has averaged above 8 per cent. The global economy is losing steam, with growth slowing in some of the most resilient economies and high frequency indicators, pointing to further levelling in the period ahead, said the article authored by a team led by RBI Deputy Governor Michael Debabrata Patra.
Seven out of eight women street vendors reported experiencing high blood pressure, while women in the middle age group raised concerns about delays in their menstrual cycles due to the extreme heat.
The vice president of Cycling Australia Stephen Hodge has resigned after admitting to doping during his professional career as the repercussions of the Lance Armstrong scandal continued to reverberate around the world on Friday.
She loves the rush of adrenaline and has a weakness for chocolates.
'The scheme excludes tractors, light commercial vehicles, and medium and heavy commercial vehicles.'
'Over the next two quarters, markets will be guided by observing the earnings resilience of corporates during the second lockdown, progress of the monsoon and the damage, if any, to rural spending power due to the second wave.'
A loud blast was heard near the finishing line of the men's cycling road race at the Rio Olympics on Saturday but there were no signs of panic or injuries and the race continued, a Reuters witness said. Bomb squad agents in protective clothing were operating near the press tribune at the site but the cause of the blast was not immediately clear. In recent days, bomb squad members have detonated a number of unattended bags in controlled explosions in Rio.
The climate for 'doing business' remains forbidding, taxtortion is still rife, corruption at state and district levels has increased, oil prices remain extortive with high taxation, and the continued red tape has kept the enterprise system as stifled as before, points out Debashis Basu.
A combination of factors, including heavy investments in US Treasury bonds and dollar sales at a healthy profit, facilitated the Indian central bank in transferring a record surplus of Rs 2.11 trillion to the government for 2023-24 (FY24). The RBI's dollar purchases increased in FY24, supported by robust capital inflows endorsing the economy's health.
Each sensor chip installed in a specific location in the rickshaw will carry such information as a unique serial number, the zone of the MCD where it is licensed to ply, its owner and validity.
Glimpses of the devastation caused due to heavy rainfall in the national capital and other parts of northern India.
Ashwin spoke about his early days in the IPL and how the event exceeded all expectations.
With a jam-packed schedule brimming with both legendary athletes and captivating storylines, Paris 2024 promises unforgettable moments.
'We have essentially tried to set out an agenda for the next five years and it, in essence, represents the political commitment to that agenda.'
For over a decade, HDFC Bank consistently outperformed industry growth rates in both deposits and advances, maintaining impeccable asset quality. Amid a landscape where other banks struggled with soaring non-performing assets (NPAs), HDFC Bank thrived, eventually surpassing ICICI Bank to become the largest private sector lender in India. Its net interest margin (NIM) remained stable in the range of 4.1-4.4 per cent.
A fresh notification prohibiting cycles and other forms of non-motorised transport along 174 major thoroughfares of the city has been issued by the Kolkata police.
'More than investors, fund houses, and advisors have raised caution and limited flows on small-and mid-caps.'
'We need a candidate who will do our work and fight with the authorities; someone we can hold accountable.' 'Piyush Goyal is not that candidate.'
The BSA Gold Star is launched....Ola Enters e-motorbikes Biz... Bajaj, TVS To Enter e2Ws Market...
'Some buyers believe prices may correct in the future.' 'This is unlikely. Many developers are increasing prices amid strong sales and inflationary trends.'
Follow these handy tips on to run the marathon without hurting your body.
Indian contingent cross 50-medal mark at Special Olympics World Summer Games
The electoral battle in Varanasi, according to locals and political experts, is not about whether the PM will win for a third successive occasion, but if he will increase his share of the votes polled and his win margin.
A beaming father Chandrapal, said that the son told his mom that he was confident of stopping the legendary MSD on his tracks.
The family of nine, Mukesh, his parents, wife and five children, the youngest less than a year old, set out from their 'home' under a flyover in Palam in southwest Delhi on the long walk to their village. While he pushed the cycle, the others walked alongside, some holding bags, others unwieldy bundles on their heads, some barefeet as they walked on the hot tarred road under a scorching sun and others wearing flimsy footwear.
'One is happy. The moment one starts criticising the BJP, ED, IT and CBI comes to one's house.'
The wheels turn for bicycles, as manufacturers go back to the basics. After motorised two-wheelers overtook cycle sales in the country, manufacturers are focusing on commuter segment again and reviving entry-level cycles.
'I think pollution levels have been rising in Delhi for the past 10-12 days. We can feel it in our eyes today. The smog is dense'
He flew to Dubai from Kerala on Febraury 23, bought a cycle, took a ship to the port city of Bandar Abbas, the capital of Hormozgan province on the southern coast of Iran, before embarking on his cycling odyssey to Russia.
Do you know how to buy the best lady's fingers? Or choose the best cauliflower?
The key performers who guided India to their second successive WTC final.
Thakur's tenure as chief minister is best remembered for implementation of the recommendations of the Mungeri Lal Commission, whereby quotas for backward classes were introduced in the state in 1978. This panel was the forerunner of the Mandal Commission. Both Mungeri Lal and B P Mandal were from Bihar, which has a long history of socialist struggles.
The World Anti-Doping Agency has appointed former war crimes investigator Peter Nicholson to help troubled Russian Anti-Doping Agency (RUSADA) overhaul its anti-doping program.
A British teenager has completed an "amazing" 30,000-kilometer around-the-world cycling journey a trip believed to make him the youngest person to achieve this feat.
Vadra rode a bicycle from his Sujan Singh Park residence to his Sukhdev Vihar office in protest against the rising fuel prices.
'In the larger cities, we can see that 12%-20% of the population making use of the metros. I don't think it is happening in the smaller cities.'
Formula One driver Fernando Alonso has stepped in to save Spanish cycling team Euskaltel-Euskadi from folding at the end of the season, sponsors said on Monday.
Police have advised people to use the navigation app 'Mapmyindia' to get around the city till the restrictions are in place.
Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.
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