SoftBank-backed Ola Electric took the wraps off its maiden e-scooter offerings -- Ola S1 and S1 Pro -- for a commercial launch on Sunday. With prices starting from Rs 99,999 (excluding state government incentives, registration fee, and insurance cost), the Bhavesh Aggarwal-founded firm said the e-scooters are designed and engineered in India for the world and will deliver the best scooter experience to the consumer. He suggested that after 2025, sale of petrol-powered two-wheelers should not be allowed.
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
Why does the world's fastest-growing major consumer of energy fail to attract investments in oil and gas? This is a question worth pondering after private sector conglomerate Reliance Industries Ltd (RIL) failed to close a $15-billion downstream asset deal with Saudi Arabia's national oil company, Aramco. It's understandable if multi-billion dollar investments in oil and gas projects or deals involving state companies that need to traverse a complex bureaucracy at state and federal levels and the corridors of ministries unravel. However, Mukesh Ambani-run RIL, India's most successful energy company, is not typically known to fumble on closing deals (Ambani closed deals worth around Rs 2 trillion early last year in telecom and retail with blue chip investors).
The oil ministry has stopped making fresh allocation of natural gas from domestic fields to the city gas sector, threatening the viability of Rs 2 lakh crore investment planned in the sector besides leading to a hike in CNG and piped cooking gas prices to record levels, sources said. Despite a decision of the Union Cabinet to give 100 per cent gas supply under 'no cut' priority to the city gas distribution (CGD) sector, current supplies have been maintained at March 2021 demand level. Besides, the process of allocating gas on a six-monthly average drawl also is punishing the CGD entities driving growth.
Among the cars unveiled at the Auto Expo on Wednesday was Mahindra and Mahindra's e-KUV for Rs 8.2 lakhs ex-showroom Delhi. With a single charge range of 150 km and a 55 min fast charging upto 80 pc, it was both a head-turner and a conversation-starter.
In this interview with rediff.com, key Anna Hazare aide Kiran Bedi says that the people of Delhi are disillusioned by the Aam Aadmi Party, and that she herself would go with her inner 'nod' and not invitation or a go ahead from others to contest elections.
Spearheaded by Olympic medallists Sushil Kumar and Yogeshwar Dutt, Indian wrestlers will once again look to dominate, but the scrapping of Greco-Roman category will certainly affect the country's medal count when the grapplers start their campaign at the Commonwealth Games, in Glasgow, on Tuesday.
Consumers can expect a 5G launch in the country soon. Telecom companies (telcos) say if auctions take place on time - the target is July - they would be able to offer some services in a few cities by the end of this year and a full roll-out from 2023. But the question is: will 5G turn the tables for telcos financially? Will average revenue per user (ARPU) improve? Will mobile consumers upgrade to 5G quickly and pay more? Will the expanded functions that 5G enables drum up sufficient revenues? In simple terms, will telcos make more money?
India's largest oil firm IOC will build the nation's first 'green hydrogen' plant at its Mathura refinery, as it aims to prepare for a future catering to the growing demand for both oil and cleaner forms of energy. Indian Oil Corporation (IOC) has drawn a strategic growth path that aims to maintain focus on its core refining and fuel marketing businesses while making bigger inroads into petrochemicals, hydrogen and electric mobility over the next 10 years, its chairman Shrikant Madhav Vaidya said. The company will not set captive power plants at all its future refinery and petrochemical expansion projects and instead use the 250 MW of electricity it produces from renewable sources like solar power, he told PTI in an interview.
The All India Muslim Majilis-E-Mushwarat, an umbrella body of Muslim organisations in India, has taken strong exception to the manner in which security was handled at the Yerawada Jail in Pune, where an alleged member of the Indian Mujahideen Qateel Siddiqui was murdered on Friday.
Auto companies are now grappling with a slowdown in sales, triggered by pent up demand due to the COVID-led lockdown easing a bit and supply-side issues for raw material.
The Bharatiya Janata Party has adopted the anti-corruption yatra of its patriarch L K Advani, which starts from Bihar on Tuesday, as its own. It has been named the BJP Jan Chetna Yatra and is aimed at 'awakening the masses' against the United Progressive Alliance government by highlighting its lack of good governance and clean politics. The party has also coined a theme song for the yatra that will be launched at the BJP patriarch's presence at his residence.
After mishandling completely Baba Ramdev's hunger strike, the UPA government and the Congress party is branding the ongoing anti-corruption stir as the fight of people with communal agenda. Sheela Bhatt analyses where the deception lies.
A look at how the Indian athletes fared on day one of the 2010 Commonwealth Games in Delhi, on Monday.
As per the notification, exemption in VAT would be limited to sale of 3,000 motorcycles, scooters and mopeds and 1,200 four-wheelers every year, they said adding that serving personnel of Indian Army, other security establishments and ex-servicemen will get the benefit of tax exemption.
Manavjit Singh Sandhu bettered the Commonwealth Games record in the individual trap event as Indian shooters won all the three gold medals on offer on the seventh day of the Commonwealth Championships in Delhi on Wednesday.
Extrajudicial executions, often disguised as encounters with armed criminals, have become the norm and are widely reported in Indian media. Torture and arbitrary detentions continue, not just in insurgency-affected areas, but also in most police stations in the country. Yet, India continues to provide effective immunity from prosecution to its security forces and other public officials, HRW laments.
The move marks the entry of GWM, one of the largest manufacturers of sport utility vehicles (SUVs) and pick-ups, into the Indian market and a complete exit for GM from the country, two years after it stopped selling cars here.
'Are all roads in India privatised? Are governments not playing a role in airports or ports? If they (private players) want to set up lines for a specific requirement, I see no reason to object. It will expand the opportunity and passengers will also benefit.'
Applauding India as a "responsible steward" of atomic power, the US has said it looked forward to "trying to complete" the civilian nuclear deal this year so as to bring New Delhi to the "mainstream".
India coach Bob Houghton said the crucial Nehru Cup football match against the West Asian will be a real assessment of his team.
The 17-year-old lass won the gold medal in the Asian Junior girls' chess championship and earned her second Woman Grandmaster norm.
The parallel ICL has provided financial security for the innumerable cricketers who didn't make it to the big league.
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
The new Honda Accord Hybrid combines two worlds to offer a fitting blend of power and fuel efficiency.
The US has been, historically, a sleeping partner in India-China relations. Today, any attempt by the Modi government to make a bilateral move to improve relations with Beijing could upset Biden's apple cart, notes Ambassador M K Bhadrakumar.
Though startups find 17 mentions in the Budget speech of the finance minister, and have been promised tax exemptions, the reality is that only 2 per cent of the 4,648 applications received from startups for income tax exemption had been approved as of February 2019, according to an answer to a Parliament question. As India's startup space bubbles with activity - new, young players are tapping into opportunities opening up - there are local anti-portfolio stories circulating about investors missing opportunities in 'unicorns', or companies that have reached valuation of $ 1 billion, says Vandana Gombar.
Discounts range between Rs 20,000 and Rs 80,000.
Road Transport Minister Nitin Gadkari known for promoting innovative ideas in transportation, created a stir some time back when he pitched for 100 per cent electric mobility by 2030. In an interview with Megha Manchanda & Jyoti Mukul, he talks about the Central Road and Infrastructure Fund (CRIF) and electric vehicles.
Kia's Seltos SUV has already crossed the 40,000 mark while the slightly pricier MG Hector has sold nearly 13,000 units.
If you opt for a petrol variant, you will need to reapply for loan.
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SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
Despite the headwinds both on the domestic and global fronts, Ramesh S Damani, member, BSE and a prominent investor, says India will weather a global trade war better than a lot of other Asian countries.
A mix of industrialists and businessmen, who have inherited riches or rose from humble backgrounds and even endured boom and bust cycles, the top five MPs are illustrative of how the political stock of the wealthy is increasing rapidly.
Prime Minister Narendra Modi on Wednesday "strongly disapproved" incidents of vandalism of statues in certain parts of the country and spoke to Home Minister Rajnath Singh on the matter.
