Mitsubishi will pull out of cross country rallying, including the Dakar Rally which the Japanese team has dominated in recent years, as part of cost-cutting measures caused by the global economic downturn. With Wednesday's announcement, Mitsubishi Motors became the latest Japanese automaker to scale back their motorsport activities following Honda's shock exit from Formula One in December.
Kawasaki have pulled out of motorcycling's MotoGP world championship as part of the company's efforts to cut spending amid the global financial crisis. Kawasaki Heavy Industries Ltd on Friday became Japan's latest motorsport casualty after a trio of the country's carmakers announced similar plans last month.
'There is not the slightest hint of crime'
October infrastructure output, which contributes nearly 38 per cent to the industrial output index, was up 3.2 per cent annually.
Union Bank of India, United Bank of India reduced base rates.
Credit Suisse has seen more than 50 per cent fall in quarterly profit.
Call rates to be reduced by 35%, text charges by 80%.
'Rani has changed Adi for the better. If he is happy, why should I not be happy?'
He said a detailed forensic examination will be conducted at the crime scene, including the house of the accused and the adjacent property at Elanthoor village in Pathanamthitta district, where the victims' bodies were buried after being cut into pieces.
The Modi government finds itself in a contradiction of its own making. It has encouraged pro-Russian, Westophobic public sentiment while setting strategic policy that's exactly the opposite, points out Shekhar Gupta.
Lower inflation, FCNR(B) outflows likely to influence central bank decision
The latest line from label Vizyon, showcased at the LFW, picked up on the current trend of cut-away dresses.
The airlines' losses globally are expected to be down from $52 billion in 2021 to $9.7 billion this year and industry-wide profit should be on the horizon in 2023, Director General of IATA Willie Walsh said in Doha on Monday. International Air Transport Association (IATA) represents some 290 airlines comprising 83 per cent of global air traffic. Walsh, in his inaugural speech at the 78th annual general meeting of IATA here, said that while the outlook for airlines globally is positive, the business environment remains challenging.
'In investing, you have to first make sure you don't make big mistakes.' 'I would advise small investors to be systematic, don't be arbitrary; don't be on either end of the risk spectrum.' 'Don't go from fixed deposit to option trading or crypto trading.'
Rishi Sunak on Monday is all set to make history on Diwali as Britain's first Indian-origin prime minister after being elected unopposed as the new leader of the governing Conservative Party, following Penny Mordaunt's withdrawal from the race.
Soon, it will become clear if he has acted to save his party, checkmate the BJP and show his relevance, observe Sunil Gatade and Venkatesh Kesari.
In the latest development in the horrific Shraddha Walkar murder case, Delhi Police have found CCTV footage showing the accused Aaftab Amin Poonawala carrying a bag on a street outside his house in Delhi during the wee hours.
Hinduism, nationalism and socialism may be okay separately, but in equal combination they yield political nonsense.
Suryakumar Yadav received high praise from the great Ricky Ponting, who compared the batter with AB de Villiers, saying the Indian possesses a 360 degree game like the South African genius.
Gokhale, an artist equally at home in theatre, television and movies, acted in several Marathi and Bollywood films.
The opposition party also claimed that the Modi 2.0 dispensation has turned out to be an "economic and political disaster" and "constant rollbacks" of economic decisions will lead to worsening of the economic situation.
'India will want a lot of help from the US, but it's not going to want US troops.'
The latest surge in cases in the last few weeks was a two year high in the country, denting official claims of China being one of the best performers in curbing COVID-19 pandemic.
"I cannot deliver the mandate on which I was elected," she said speaking outside Downing Street.
'India has a lot of potential, not just in commercial aspects, but also in hiring of people and sourcing of products.'
Indian-origin Rishi Sunak, who will take over as Britain's prime minister from Liz Truss, on Monday promised 'stability and unity' as his priority.
Union finance secretary T V Somanathan recently said the Centre had saved Rs 10,000 crore in FY22 on interest payments after adopting new accounting mechanisms for central government agencies and centrally sponsored schemes (CSS) for state governments. Speaking at an event, Somanathan said due to these, there was an unspent balance of Rs 1.2 trillion with state agencies from CSS as on March 31, 2022. This means this amount will be reduced from the Centre's borrowing for now and it can be considered a short-term saving for the exchequer.
Earlier in his address, he said with over 500 million bank accounts in the country, it is estimated that the Indian banking system produces over one billion transactions a day.
Come December, India may have to re-evaluate purchases of Russian oil if a price cap on crude oil proposed by the US and the European Union (EU) comes into effect. That impacts nearly a quarter of India's oil purchases that come at a discount, helping limit marketing losses for India's state refiners and enabling New Delhi to manage inflation by freezing pump prices of motor fuels. In September, India imported 1 million barrels a day or 24 per cent of its overall imports from Russia, which became the biggest supplier of oil to India.
India has been relatively insulated from the severe headwinds in the West. However, with a third of the global economy expected to slip into recession in calendar year 2023, the impact will strongly be felt on India's exports and trade economy, leading economists said in a panel discussion at the Business Standard BFSI Insight Summit in Mumbai on Wednesday. The panel comprised former Reserve Bank of India executive director and former Monetary Policy Committee member Mridul Saggar, State Bank of India Chief Economic Advisor Soumya Kanti Ghosh, Citibank India Chief Economist Samiran Chakraborty, ICRA Chief Economist Aditi Nayar, and IndusInd Bank Chief Economist Gaurav Kapoor. The topic of the panel discussion was No recession in sight: Is India decoupled from developed economies?
There are hundreds of fan clubs -- in Jalgaon, Beed, Chennai, Kolkata, Akola, Yavatmal, Bengaluru, Sitamarhi, New York, Canada, Nigeria etc. Every Indian city/town or a major country has a fan club for the man whose fan base has been estimated at 3.5 billion by Time Magazine.
Two years after he started walking in the footsteps of his elder brother, Jammu & Kashmir's left-handed batter Vivrant lost his father Sushant to kidney failure.
The central bank had nudged banks to cut lending rates.
Just when common people thought fashion world couldn't get any weirder, along come -- the bikini jeans!
The cost of debt-funds for the states has touched the highest level so far this fiscal with the weighted average cut-off crossing the 7.16 percentage points at the latest auctions, up 11 bps over the past week, reflecting the hardening yields even for the government securities. The hardening of the rates at the first auction of the quarter comes in the wake of the expected large supply of debt from the states, as indicated for Q4 at Rs 3.2 lakh crore, up by Rs 10,000 crore. Nine states on Tuesday raised Rs 18,900 crore at the latest auction of state development loans.
'I wasn't getting the roles I wanted to play and the respect I thought I deserved as a senior actor, so I cut myself off from the industry for a while and moved to the US.'
'The Ruble is now down 50 per cent and worth less than one American penny since Putin announced his war'
'When I crossed that point where I had the accident, I felt light and that was a very physical experience. I felt something leave me.' Shyam G Menon chronicles the voyages of that incredible Indian sailor, Abhilash Tomy.
MotherCare, the baby and maternity clothes retailer that annually sourced garments worth Rs 100 crore from a single exporter in Tirupur, filed for bankruptcy in the UK and will close all its 79 shops in that country. It was the latest world-famous brand to pull down Tirupur's fortunes.
Ms Arora turned showstopper for Designer Daisy Martin Arjuna at the Times Fashion Week in Mumbai.
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