as the FAME II deadline of March 31, 2024, nears, EV manufacturers are worried about their investments and future plans.
The rules will affect Indian companies that take most decisions about their foreign subsidiaries.
A penalty of Rs 3 crore has been imposed on ICICI Bank Ltd for contravention of certain directions, the Reserve Bank of India said on Monday. The RBI has imposed a monetary penalty of Rs 3 crore on ICICI Bank for "contravention of certain directions issued by the RBI contained in Master Circular on 'Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks' dated July 1, 2015", the central bank said in a statement.
A 6-7 million tonnes shortfall in rice production due to a fall in paddy sowing area is likely to keep rice prices at elevated levels, adding to the inflationary pressure that the slowing economy is already grappling with. Elevated food prices, including that of cereals, had led to retail inflation reversing a three-month declining trend, to touch 7 per cent in August. Similarly, the wholesale price inflation, which declined to 11-month low, also showed price pressures from cereals resulting from wheat output being impacted by severe heat waves in some parts of the country.
The UN report stated that China has committed to "other predominantly Muslim communities" in Xinjiang Uyghur Autonomous Region
Captain Mithali Raj believes the Indian women's team are more than capable of winning the upcoming ODI World Cup.
Automobile manufacturers, new and old, as well as ancillary suppliers are set to spend a combined Rs 70,630 crore over the next five years on either entering the electric vehicle segment or stepping up their presence in it. Data culled from announcements made by firms shows India, the world's fifth largest automobile market, is poised to receive one of the biggest capex pushes ever to fuel the transition from internal combustion engines to electric motors and batteries as part of a green drive. The EV push, egged on by the government's emphasis on electric mobility to meet its net zero targets, is expected to yield at least 25 electric vehicles - new ones as well as electrified versions of existing vehicles running on internal combustion engines.
The Congress, however, said state chiefs are free to take their decisions within the party's norms and constitution.
When the Tatas re-boarded Air India on January 27 last year, the price of aviation turbine fuel was at over Rs 80,000 per kilolitre. Rupee was trading at around Rs 74 to a US dollar. The Omicron variant of Covid-19 was in prevalence - barely a week earlier, India had reported over 340,000 cases on a single day. Seven-day home quarantine of international travellers was the norm.
At the end of the day, Stalin expressing solidarity with an arrested colleague is one thing, especially if he too felt that the minister had been wronged, but for him to retain the person in office sets a bad precedent, which would not go unnoticed by voters, points out N Sathiya Moorthy.
Who do you should be part of India's playing XI for the second Test against Sri Lanka?
Software services industry may have to relook its cost structure to maintain a higher margin.
IT major Infosys on Tuesday showed the door to Abraham Mathews, CFO of its BPO subsidiary, for not complying with the code of conduct, while CEO Gautam Thakkar has resigned taking responsibility on moral grounds.
Sylvain Helaine, 35, was asked to switch age groups when a parent complained he gave their three- year-old nightmares.
The government said that processions should not be taken out before installing and immersing idols.
Nushrratt is recuperating... Parineeti wants a dog...
'In the 1971 War my battalion suffered 4 casualties after fighting for 14 days.' 'In Operation Blue Star, I lost 19 men in just one hour.'
After a very weak December quarter and a poor year-to-date fiscal year volumes-when sales plunged to the lowest in nine years, the signs in the first 15 days of January haven't been encouraging either. "Though the severity of the current wave is not as high as the previous one, it has hit the sentiments hard impacting conversion of enquiries into sales," said Vinkesh Gulati, president, Federation of Automobile Dealers Association (FADA).
A modern-day bride, Tara Sutaria unveiled designer Shehla Khan's winter festive collection Dark Romance at The Wedding Junction Show.
The government in the Budget 2021-22 has made an allocation of Rs 20,000 crore for the capital infusion in the state-owned banks. The capital position of banks would be reviewed in the next quarter, and depending on the requirement, the infusion will be made to meet the regulatory needs. In the current fiscal so far, all 12 public sector banks have posted a profit, which is being ploughed back to bolster the balance sheet of the banks, sources said.
Government sources said the Pakistani action was "blatant violation" of the SCO charter and against all its established norms of safeguarding the sovereignty and territorial integrity of SCO member states.
A Mumbai court on Wednesday rejected the bail plea of businessman Raj Kundra, arrested in a case of alleged creation of pornographic films and publishing them through apps, after the prosecution contended the police investigation was still on and his release at this juncture will derail the probe.
Away from the cricket field, it was a year in which Sania Mirza was unarguably the biggest success story with her staggering 10 titles on the Tour -- two of them Grand Slams.
Virat Kohli shouldn't give up on the drives through the off-side which has got him loads of runs but he does need to be judicious while choosing the right delivery for the shot, said India's batting coach Vikram Rathour.
Though the Ministry of Overseas Indian Affairs in a communication dated June 11 (D.O. No.OI-15014/02/2009-DS) informed that the rules to renounce the Indian citizenship have been further simplified, the Ministry of External Affairs have not taken it into consideration so far, showing the lack of coordination among the ministries.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
The Enforcement Directorate on Friday said it has issued a show cause notice to the country's largest cryptocurrency exchange for undertaking transactions worth over Rs 2,790 crore in alleged violation of the Foreign Exchange Management Act (FEMA). WazirX, registered under the company named Zanmai Labs Pvt Ltd, was incorporated in December, 2017 as a domestic cryptocurrency start-up and its directors Nischal Shetty and Hanuman Mhatre, along with the company, have been named in the notice issued by the central probe agency after completion of investigation. The agency issued a statement saying that it stumbled upon the transactions of the company during an ongoing money laundering probe into the "Chinese-owned" illegal online betting applications.
Although all ticket sales took place online, fans were required to pick their physical tickets from the stadium.
The New Delhi district authorities on Monday issued a show-cause notice to Etihad Airways for allegedly violating the Centre's guidelines for international passenger arrivals at the IGI airport here, amid concerns over the Omicron variant of coronavirus.
Governor Biswa Bhusan Harichandan on Sunday evening accepted the resignations submitted by the 24 ministers, a Raj Bhavan communique said.
The RBI on Monday imposed penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms, including one related to "Frauds - Classification and Reporting". A penalty of Rs 4 crore has been imposed on Bank of India and Rs 2 crore on Punjab National Bank. In a statement, the RBI said the statutory Inspection for Supervisory Evaluation (lSE) of Bank of India was conducted with reference to its financial position as on March 31, 2019.
China's official media reported air and ground movement of troops in Taiwan Straits -- the waters that separate China and Taiwan -- as US House Speaker Nancy Pelosi landed in Taipei on Tuesday disregarding Beijing's stern warnings.
The UK Health Security Agency (UKHSA), which monitors data related to the pandemic, said the sub-lineage known as BA.2 shows a low number of cases in the country, with the original Omicron lineage BA.1 still dominant.
Shiv Sena MP Sanjay Raut routed his unaccounted money through various shell companies opened in the name of his family members and associates, his former aide and prime witness in the money laundering case linked to the redevelopment of Patra 'chawl' project told the Enforcement Directorate (ED).
The challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector.
The country's largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. LIC had fixed the issue price of its shares at Rs 949 apiece after a successful initial public offering, which fetched Rs 20,557 crore to the government.
ASCI has released norms for fairness creams, saying these would go a long way in ensuring ads do not discriminate against people with dark skin.
As many as 77 rape cases were reported across India on an average every day in 2020, totalling to 28,046 such incidents during the year, according to the latest National Crime Records Bureau data.
The 'Rating Level 4' means that the financial market regulators have all regulatory measures "fully in force"
