While Toyota will acquire 4.94 per cent shares of Suzuki, worth $ 908 million, the latter will make a $ 454-million investment in the biggest automaker of Japan. Premium products from the Maruti stable such as the Baleno, Ciaz and Vitara Brezza will be sold under the Toyota brand with small changes.
Am amazing story of how students from a Mumbai college conceptualised and executed their plan of lighting an entire tribal village on the city's outskirts. What's more, they now dream of lighting up 'dark villages' in the entire country.
The COVID-19 pandemic, weak economic conditions, and a few political considerations are some of the challenges he faces.
The ongoing elections and overall subdued market sentiment continue to affect the sales momentum
WNS, an NYSE-listed business process outsourcing company, recorded good second quarter numbers, reflecting the improving market conditions in global markets. Neeraj Bhargava, Group CEO, attributed the performance to better volume growth and a robust pipeline. In a chat with Business Standard, he spoke about the recent stake sale talks with Warburg Pincus, appointing a new CEO and other issues.
Customers won't shift to electric cars until there is countrywide infrastructure for charging stations, which should be as spread out as petrol pumps now. Two, the price of the lithium ion battery, which constitutes 30 to 40 per cent of the cost of an electric car, has to fall substantially, so that the vehicle is as affordable as a gasoline one.
Ahead of this year's Budget, leading car manufacturer Maruti Suzuki on Monday asked the government not to roll back the entire stimulus package at once as it may hamper economic growth.
Market estimates suggest the airline has already totted up Rs 1,800 crore of losses in FY20, and FY21 is expected to see losses in the region of Rs 2,500 crore to Rs 3,000 crore Many in the sector say that Vistara lacks the light-footedness of the airlines with which it competes, reports Anjuli Bhargava.
The airlines' flights to Southeast Asia operated as per schedule. Air India also operated its Delhi-Frankfurt-Chicago, Mumbai-Frankfurt-Chicago, Mumbai-London, Delhi-London, Amritsar-London-Toronto and Ahmedabad-Frankfurt flights this morning.
During the meeting with Finance Minister Nirmala Sitharaman, the auto industry broadly presented factors such as issues regarding availability and affordability of financing, increasing cost of acquisition of vehicles and change in axle load capacity for commercial vehicles that have hurt demand.
India's largest carmaker Maruti Suzuki India is planning to launch a new version of its small car Alto, the highest selling model in India, with a bigger engine.
Besides Roy, two other directors, Ravi Shankar Dubey and Ashok Roy Choudhary, were also arrested for the failure of two group companies.
Legal experts are not sure if threat of confiscation of property will be deterrent enough for fleeing offenders
Sonam Kapoor on why she didn't walk the ramp at the WLIFW.
'We are talking about history, about things that transpired.' 'If we don't know our history, we will never be able to evolve as individuals.'
On the sidelines of 'Samvit 2009 -- The Leaders' Conclave' at IIM-Lucknow recently, Ajit Balakrishan tells Virendra Singh Rawat answered some issues that have dogged IIMs.
Gross value added and low investment activity by the private sector remain areas of concern
The Union health minister said of the total active COVID-19 cases in the country, 1.5 per cent are on oxygen support and 2.34 per cent are in ICUs.
The country's largest car maker, Maruti Suzuki, will finalise investment plans for a new plant at its Manesar facility at a board meet of the company in mid-October.
Today, thanks to television coverage and media hype, it has a huge multiplier effect, says an auto-parts maker.
Indian products have lost the tag of being cheap, said Subodh Bhargava, Chairman, Tata Communications
"Our sales have been growing since December 2008. December 2008-July 2009 are great months", Maruti Suzuki India chairman R C Bhargava told reporters in Chennai. He hoped that the next two-three months would yield a double digit growth.
In 2020, Indian users went up by 400 per cent, making it the fastest growing market in the world for Duolingo, with China coming in second.
On the eve of the first phase of polling in Rajasthan, Rediff.com spoke to some of the first time voters in Jaipur who form a considerable chunk of the voters. While some youth seek a sincere, development-oriented leadership which has zero-tolerance towards corruption, there are others who think communalism is the main issue. Shahnawaz Akhtar reports.
Strangely, a few days after filing the charges, the CBI teams arrived in Hyderabad and Mumbai to raid GVK's offices and found incriminating evidence, a reversal of the normal course of events.
An initiative to fund the education of bright Indian youngsters undertaken by two Indian-Americans has now acquired a momentum of its own, discovers Anjuli Bhargava.
The institutes need to reach the optimum level of resource utilisation.
The country's largest carmaker, Maruti Suzuki, on Monday said it has stopped working on LPG models as it will roll out CNG variants of the entire range of its cars from early 2010, the first of which could be its highest selling model Alto.
Currently, the new series of engines is being used in the latest models of the Maruti stable -- Estilo, Ritz and the 'A' Star. Asked whether all the entry level cars would be equipped with the KB Series engine, Maruti Suzuki India chairman R C Bhargava told PTI that it could happen over a period of time.
'We are not yet out of the woods.' 'If India sees the South African or Brazilian type of mutations, our numbers will rapidly rise.'
MSI exported 70,023 units in the 2008-09 fiscal.
Given the controversy over Uttar Pradesh's population control moves, Hemant Shivsaran/Rediff.com digs deep to find out how many children BJP MLAs in UP have.
The report reveals that the inaction of the West Bengal state government, including tacit acceptance of the violent operations of the armed supporters of the CPI-M, resulted in serious human rights abuses, including unlawful killings, abductions, sexual assault of women and forced eviction and displacement of thousands of people in 2007.
Indian jewellery firms are increasingly showing interest in the international market and are planning to venture into luxury lifestyle products.
Global investment fund IREO on Thursday said it is developing 13 projects in the country, most of which are going to be residential, with an investment of $1.5 billion.
A Muslim cleric of the Jama Masjid in Bharatpur has been detained for interrogation in connection with the Jaipur serial blasts that killed 66 people, the police said on Monday. Mohamaad Ilyas, the Imam of the Jama Masjid, was detained on Friday and had been taken to Jaipur for further investigations by the Special Investigation Team (SIT), Circle Officer (City) Ratan Lal Bhargava said.
No nation is fully sovereign to do what it wants to do in the face of opposition from others, points out Aakar Patel.
The previous best selling year was 2010 when Maruti managed to sell around 10.6 lakh (1.06 million) units.
Kejriwal will also interact with Prime Minister Narendra Modi, along with his counterparts including West Bengal, Delhi, Maharashtra and Karnataka, where the coronavirus cases are on a much higher side, on June 17.
'Industry observers are certain the next attempt will succeed even if they have to browbeat someone into buying as the government has put its might behind it,' predicts Anjuli Bhargava.
