When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.
With much sadness, so many of us woke up to the news that Vikram Kirloskar, vice-chairperson of Toyota Kirloskar Motor, had passed away late Tuesday. As I reminisce on the nearly 40 years I have known him, I can unequivocally say that he had such a rare and deep understanding and passion for automotive manufacturing that it would make Toyota, which pioneered the Toyota Way, proud. Many of us know Vikram as the man who brought the iconic Japanese carmaker Toyota to India. But few know the back story and hard work that went into creating a system of manufacturing that was everything Toyota could have hoped for and then some more because it was perfectly calibrated for manufacturing in India.
Reliance Industries chairman Mukesh Ambani might have made news for purchasing the most expensive beach-side villa in Dubai recently, but he is not the only Indian eyeing the city for investment. Since Dubai allowed foreign investors full ownership in specific sectors in June 2021, a horde of Indian companies have moved or expanded into the desert city. The list even includes a kindergarten, an elementary and middle school, and a hotel that has sought 100 per cent ownership.
As many as 23 companies have evinced interest in acquiring the Indian space agency's Small Satellite Launch Vehicle technology, said a top official who termed it a "tremendous response". Chairman of Indian National Space Promotion and Authorisation Centre (IN-SPACe) Pawan K Goenka said on Thursday that they are keen to see how the private sector uses the Small Satellite Launch Vehicle (SSLV) technology. "There has been a tremendous response, 23 companies have (so far) shown interest in applying for this technology.
Had Dhanush not been disqualified, India would have won the team gold with a junior Asian record. The shooter from Hyderabad could have also won an individual medal as he was placed third going into the finals.
He defeated compatriot Brijesh Damani 5-1 in the final to defend his title.
Prime Minister Narendra Modi is addressing the India Inc on ways to deal with the spread of coronavirus and also boost economic activity.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
'It is an existential crisis. We cannot recover lost ground through social media. We need to forge alliances and reshape our ideological contours.'
The Women's Asian Cup was thrown into turmoil when hosts India were kicked out of the tournament after a COVID-19 outbreak meant they were unable to field a team for their Group A match against Taiwan on Sunday.
The tournament brings together the six continental champions from across the world, with European Champions League winners Bayern Munich the first to have qualified.
Textile stocks have exhibited a mixed performance so far this calendar year (CY23), amidst higher domestic cotton prices and tepid global demand. Shares of Page Industries, Dollar Industries, Lux Industries, and VIP Clothing have declined up to 13 per cent so far in CY23, as against a 9 per cent jump in the S&P BSE Sensex. On the contrary, shares of Arvind, Welspun India, Raymond, and Gokaldas Exports have gained up to 51 per cent, during the same period.
No form or requisition slip is required for exchange of Rs 2,000 notes up to a limit of Rs 20,000 at a time as part of exercise to withdraw high-value currency notes from circulation. RBI on Friday in a surprise move announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. Unlike the November 2016 shock of demonetisation, when old Rs 500 and Rs 1,000 notes were invalidated overnight, the Rs 2,000 notes will continue to be a legal tender.
The war in Ukraine has made its presence felt at the World Economic Forum's annual meeting in Davos. As political and business leaders' debate, they remain fearful of Europe's economic future. There is a sense of gloom among many business leaders as energy shortage and economic recession rear their heads. Global investors are keenly assessing the presence of Indian delegation at Davos.
Thousands of small brands are ruling the consumer market despite the predatory pricing and deep discounting by foreign e-commerce companies and efforts of certain FMCG companies to sideline the distributor network, said the Confederation of All India Traders (CAIT), which represents about 70 million traders in the country. "If the government gives support policies to non-corporate sector and tighten the e-commerce companies to obey the policy and the law both in letter and spirit, the retail trade of the country is bound to blossom in pursuance of the vision of PM Narendra Modi for Make in India and Atmnirbhar Bharat," said CAIT national president BC Bhartia and secretary general Praveen Khandelwal.
The Indian men's team currently occupies the 18th spot among countries under the Asian Football Confederation, while the women's side is ranked 11th.
Indian football team's head coach Igor Stimac has called upon Prime Minister Narendra Modi's intervention to ensure the team's participation at the Asian Games.
Sports Ministry clears participation of Indian men's and women's football teams in Asian Games
Udit Raj, chairman of Indian Justice Party and president of the All India Confederation of SC/ST, hailed the United Progressive Alliance government's move to pass a constitutional amendment bill for promotion of for Scheduled Castes and Scheduled Tribes in both the government and private sectors. He regretted that the Bill could not be passed in the Parliament following agitation from the Bharatiya Janata Party.
The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, has given a call for a two-day strike from December 16 to protest against the proposed privatisation of two state-owned lenders. In the Union Budget presented in February, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of its disinvestment plan. The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years.
Recovery from the second wave of the pandemic in April-May is expected to be swifter as compared to the first wave in 2020, according to the Confederation of Indian Industries (CII) chief executive officers (CEOs) poll of 119 top corporate. During the second wave, the lockdowns were largely designed to limit social gatherings and impact on economic activities was restricted. This helped arrest the impact of the second wave on economic growth, according to a survey conducted by the industry lobby group Confederation of Indian Industries (CII). About 59 per cent of the CEOs polled expect the recovery in sales to be better than in the first wave for their companies, while 46 per cent of them expressed a similar trend for their respective industry sectors.
He recalled PM Modi's message at the United Nations and hailed India's mission "to save the planet from conflict and violence" through the principles of Buddhism.
For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.
The women's age group showpiece was to be held at five venues in the country --Kolkata, Guwahati, Bhubaneswar, Ahmedabad and Navi Mumbai -- from November 2-21. FIFA Under-17 Women's World Cup was postponed by football's governing body due to the worsening COVID-19 pandemic across the globe.
Singapore-based e-commerce platform Shopee - that launched in India only in December 2021 - has decided to close operations in the country. The official reason given by Shopee, which is controlled by NYSE-listed Sea Ltd, is changing global sentiments. In a statement, it said, "In view of the global market uncertainties, we have decided to close risks of our early-stage Shopee India initiative." The e-commerce platform has been hit by growing opposition from trade associations led by Praveen Khandelwal as well as homegrown social commerce start-ups.
Dalit leader Udit Raj, who is campaigning against Team Anna's version of the Lokpal Bill, on Tuesday demanded that corporates, NGOs and media should be brought under the anti-corruption ombudsman to make the law "more effective". "If there is no representation of plurality, I don't think this law will be successful," the National Chairman of All India Confederation of Scheduled Caste/Scheduled Tribe Organisations said.
We must heed what the CJI has said. Challenging every judgment of the central government is inviting chaos, asserts Shreekant Sambrani.
The statement posted on SDPI's website alleged that freedom of speech, protests and organisation have been ruthlessly suppressed by the regime going against the basic principles of the Indian constitution.
In the last 12 months, over 7,500 Indians have applied for a resident permit.
In the financial year 2018-19, the party collected Rs 5.17 crore as contributions and Rs 3.74 crore in FY 2019-20.
A Special Leave Petition has been filed in the Supreme Court claiming that a Buddhist monastery (Baudh Vihar) existed at the site of Babri mosque and hence the disputed land at Ayodhya should be handed over to followers of the faith.
'For all of us at Amazon, it is 'Bharat first'.' 'We are keeping the Indian customer at the centre of what we are doing.'
The Supreme Court on Friday refused to "lay down any yardstick" for granting reservation in promotion to Scheduled Castes and Scheduled Tribes in government jobs.
The government is trying through industry chambers to get corporate world incorporate data on SC/ST recruitment, Social Justice and Empowerment Minister Mukul Wasnik told Rajya Sabha on Thursday.
Backed by the China-plus-one policy, India's textile and apparel exports have seen a 53 per cent growth during the April-November period of the current fiscal year at around $26 billion. This compares to the figure of $17 billion during the same period in FY21. According to Wazir Textile Index, all major companies including Welspun, Vardhman, Trident, KPR Mills, Indo Count, RSWM, Filatex, Nahar Spg and Indorama have posted higher sales during the first half of the current fiscal year compared to the pre-pandemic year.
In a bid to enter the Rajya Sabha from West Bengal, Communist Party of India-Marxist politburo members Sitaram Yechuri and Brinda Karat on Monday filed their nominations for the upcoming election to the Upper House.
Armed with necessary macro and micro growth drivers, India is on its way to becoming the fastest growing major economy in the world, a finance ministry report said. Rapid vaccination and teeming festivities will push India's ongoing recovery resulting in narrowing of demand-supply mismatches and greater employment opportunities, as per the monthly Economic Review prepared by the ministry.
The Union home ministry issued a notification, announcing the formation of the tribunal.
Union Minister of Commerce and Textiles Piyush Goyal has stirred up a hornet's nest by taking on India Inc, specifically the Tata group, which is among the companies that lobbied against the Modi government's pro-consumer draft e-commerce policies. While Goyal's comments, made at a Confederation of Indian Industry (CII) event, were streamed live on YouTube, the industry lobbying body later edited the video and subsequently withdrew the entire speech. Goyal had said the Tata group and other Indian companies often lobbied for their interest, while ignoring national interest.
The show-cause notice dated February 8 by DCGI V G Somani cited a Delhi high court order dated December 12, 2018, which prohibits online sales of medicines without a licence.
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