After incurring losses for two years on the trot, German luxury automotive company Bayerische Motoren Werke AG (abbreviated as BMW) has posted net profit in India in 2021-22 (FY22), primarily due to high demand of its top-end vehicles, cost optimisation, and price hikes, Business Standard has learnt. BMW India said in its FY22 financial statement that the company is focusing on growth and achieving profitability through induction of new products in the market, strengthening its dealership network, and improving customer satisfaction while reducing costs. The company posted its highest-ever revenue in India in FY22 at Rs 4,365.8 crore.
It was a triangular session, with the judge hearing the case from Nagercoil, petitioner's counsel V Raghavachari at one place and advocate-general R Shanmugasundaram, at another place, in the city.
Haneef is charged with "recklessly" supporting a terrorist organisation with the Australian Federal Police alleging he supported foiled plans to detonate truck bombs in Britain.
Russia's invasion of Ukraine was condemned by the sporting community on Thursday, with President Vladimir Putin's country losing hosting rights for the UEFA Champions League final while Formula One drivers said it was "wrong" to race there this year.
The top court refused to agree with the Centre's suggestion that the court should wait till the President decides on the issue.
The decision was reached after an over two-hour meeting at the Punjab Congress Bhavan between chief minister Charanjit Singh Channi and Sidhu, who had resigned from the post of the state party chief on Tuesday.
Additional Solicitor General Harin Rawal, in a tersely-written letter to his boss and Attorney General G E Vahanvati, accusing him of messy handling of the CBI in the coal scam investigation, and sparking speculation that the latter may recuse himself from the case. Sheela Bhatt reports.
The lingering political drama in Tamil Nadu may see a denouement soon with Attorney General on Monday advising Governor C Vidyasar Rao to convene the assembly within in a week for a floor test to decide the fate of All India Anna Dravida Munnetra Kazhagam rivals O Panneerselvam and V K Sasikala.
As Bishnoi's petition came up for hearing in the court of Justice Sureshwar Thakur on Thursday, Punjab advocate general Anmol Rattan Sidhu argued that the plea should be dismissed as premature.
Rapid strides in digital payments notwithstanding, the Indian economy will likely remain cash-dependent for many years to come, at least that's what the automated teller machine makers and cash logistics companies are betting on. After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows data from the Reserve Bank of India (RBI). The reason for the steep rise in currency last year was the uncertainties related to the Coronavirus (Covid-19) pandemic, where people preferred to hoard cash to meet exigencies.
Posting the matter for hearing on August 1, a bench headed by Chief Justice R C Lahoti also appointed senior advocate Rakesh Dwivedi as amicus curiae in the matter.
The top court said this approach is part of our constitutional culture and there is no need for it to formulate a code of conduct for public functionaries.
Sardar Mohammad Ghazi, dismissed for making controversial remarks on Kasab, said there were no differences of opinion when he had told senior government officials that Pakistan would have to seek the extradition of Kasab, the "prime suspect" in the Mumbai attacks case.
Amid the ongoing turmoil in the Punjab Congress, former state party chief Sunil Jakhar on Thursday said there should be an end to attempts to undermine the authority of the Punjab chief minister time and again.
The Jewar Airport or the Noida International Greenfield Airport will be spread over 5,000 hectares when fully built at an estimated to cost Rs 29,560 crore.
The company had introduced the AGS technology in India with Celerio and it currently offers it in Alto K10 and WagonR also.
Resisting the Supreme Court's attempt to revisit the 2016 demonetisation exercise, the government said on Friday the court cannot decide a matter when no tangible relief can be granted by way of "putting the clock back" and "unscrambling a scrambled egg".
Vahanvati's clear stand in court on Tuesday that he has not seen the draft copy of the CBI status report on the coal scam investigation means that there is some design behind his stand? The next stage of the drama will unfold CBI to file its version before the apex court on May 6. Sheela Bhatt reports.
Maldives Attorney-General Ahmed Ali Sawad's legal opinion, dated December 28, 2010, was shared by GMR sources on Tuesday.
Khurshid Khan, who was recently removed from the post of Deputy Attorney General after he angered lawyers' associations by washing dishes and polishing shoes at Indian shrines, told reporters in Peshawar that he would travel to Jacobabad in Sindh as part of his "sevadari mission
Calling the deadly shooting incident at a Wisconsin gurdwara an attack on American values, a top Obama Administration official has said such acts of terrorism and hatred will not be tolerated.
Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.
Experts say companies wanting to launch IPOs will have to scale back their expectations given the fall in valuations.
Vaibhav Rawal scored a fine century before pacer Divij Mehra's dismantled Mumbai with a five-wicket haul to power Delhi to an emphatic eight-wicket victory in the Ranji Trophy Group B match.
'His father was a cricketer. He had played Vizzy Trophy and was also a medium-pacer but for some reasons, could not play further.'
Referring to the state's submission that it does not plan to resume regular suburban train services as yet, a bench headed by Chief Dipankar Datta said, "We have to now live with the virus. How long will this go on? It has been six months."
The court also appointed senior advocate Rakesh Dwiwedi as Amicus Curiae to assist it when the case comes up for hearing after three weeks.
The bench declared as unconstitutional, Part II of the TN Gaming & Police Laws (Amendment) Act, 2021, which banned betting or wagering in cyberspace and also games of skill if played for a wager, bet, money or other stakes.
The Australia Group seeks to ensure that exports do not contribute to the development of chemical or biological weapons.
The office of Attorney General Goolam E Vahanvati has said he had offered advice as solicitor general to the then External Affairs minister Pranab Mukherjee and Telecom minister A Raja in 2007 on 2G spectrum issues but it was not written and there is no copy of it.
Lawyers shocked at AGs opinion, file petition
Divestment Minister Arun Shourie said on Tuesday that his ministry had furnished all the facts to Attorney General for getting his opinion on the legal aspects of privatising public sector oil company, Hindustan Petroleum Corporation.
Tata Motors has halved the volume outlook for its UK subsidiary Jaguar Land Rover Automotive (JLR) and warned of lower earnings as it sees the semiconductor shortage deepening in the September quarter of the current financial year, according to a notification issued by the company to the stock exchanges on Tuesday. The announcement caught investors unawares. They were hoping for a quicker recovery. Tata Motors' stock tanked 13 per cent (on July 6) from the day's high of Rs 358.10 and hit the lower circuit (Rs 311.45) in intra-day trades.
Temporary relief for Bharti, Vodafone and former telecom secretary Shyamal Ghosh
Haryana's Additional Advocate General Jagbir Singh Malik said the State will be filing a Special Leave Petition (SLP) against the order before the Supreme Court. The interim order has come as a relief for companies in the state which feel that the Haryana State Employment of Local Candidates Act, 2020 would have a bearing on their future business operations and investment.
Bharatiya Janata Party MLA in Chhattisgarh and former state minister Brijmohan Agrawal has stoked a controversy as he said that those who call inflation a national calamity should stop eating food and using petrol.
The pre-budget Economic Survey, which is tabled in Parliament ahead of the Union Budget to present the state of the economy and suggest policy prescriptions, quite often misses on the GDP forecast, sometimes by a significant margin. This time, Finance Minister Nirmala Sitharaman will table the Economic Survey for 2021-22 in the Lok Sabha on Monday soon after the President's address to both Houses of Parliament. She will present the Union Budget for the next financial year beginning April 1, 2022, on Tuesday.
A round-up of Ranji matches played on Thursday.
The Pakistan government's top law officer told the supreme court on Monday it had no role to play in the disqualification of the Prime Minister, which could be decided only by the National Assembly speaker or the election commission.
