The SP Concept SUV will be the first of the products to be rolled out from the company's plant in Andhra Pradesh, where it has invested USD 1 billion. The plant will have a capacity of 3 lakh units annually.
Reversing his predecessor's decision to set up a diesel engine facility in Chennai, Hyundai Motor India's new managing director and CEO Han-Woo Park on Wednesday said as of now there was no such plan.
Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring the bare minimum in four strategic sectors. "It is government's duty to support enterprises and businesses. But it is not essential that it should own and run enterprises," he said. Modi also said the Centre's policy is to either monetise or modernise public sector enterprises, with the intent that the government has "no business to be in business".
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
Menu included selection of traditional appetizers, double boiled bean curd soup, stewed porcini, pancake with vegetable.
'Unlike the Chinese army that has been largely a peace time force, the Indian Army is a battle hardened force,' explains Colonel Anil A Athale (retd).
'It looked as if India had been a major player in science at that time, raising the question when and why things changed,' says distinguished aerospace scientist Professor Roddam Narasimha.
Chinese President Xi Jinping is all set for an unprecedented third five-year term as he was 'elected' to the powerful Central Committee of the ruling Communist Party on Saturday while several top leaders including Premier Li Keqiang have been left out in the major shake-up at the top.
'They want us to win in every match, like in cricket.' 'It's so tough to play every tournament and win.'
'India need to look beyond the economic prism.' 'China had no qualms in taking the Kashmir issue to the UN Security Council last year -- not once, but thrice -- thus violating Indian sensitivities,' observes China expert Srikanth Kondapalli.
'Once the military starts to draw up plans for using nuclear weapons, then nuclear weapons could be used earlier in a crisis than otherwise.'
The message is loud and clear. The out-of-form duo of Virender Sehwag and Gautam Gambhir have been put on notice after the selectors included Murali Vijay as reserve opener for the first two Tests against England.
Wang Junzheng, Tibet's new Communist party boss, is on a number of sanctions lists by the US, Britain, the EU and Canada, for his tough role in Xinjiang, aimed at China's Uyghur ethnic minority, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.
India's campaign at the All England Badminton Championships came to a disappointing end with Saina Nehwal, B Sai Praneeth, Kidambi Srikanth and Sameer Verma all exiting from the tournament in Birmingham on Friday.
A popular Chinese blogger, detained earlier this year for his comments regarding military casualties of Galwan valley clash with India, has been sentenced to eight months in prison.
India's nuclear strategy, which has traditionally focused on Pakistan, now appears to place increased emphasis on China, the two experts claimed.
India remained the world's fastest growing domestic aviation market with 51 straight months of doubled-digit traffic growth but the woes of passengers as well as carriers manifested in myriad forms.
Vinod Dua was a Hindi broadcast journalism pioneer with stints in Doordarshan and NDTV.
With this loss, Prajnesh lost a golden opportunity to face Djokovic in the second round.
After nearly two decades of nuclear competition with Pakistan, India with the several long-range ballistic missiles in development is seemingly now paying attention to its future strategic relationship with China, a think-tank report has said.
From Bollywood strong men to cricketing greats, celebrities upped the glam quotient this poll season. Some we will see as future MPs, the others just have to get back to business. Rediff.com takes a look at some popular faces, who fought Election 2019 and here's the verdict on them.
Finance Minister Nirmala Sitharaman will present the much-awaited 2022-23 Union Budget on February 1. While there has been strong recovery in some sectors, touch services like hospitality, tourism and leisure continue to suffer after two Covid-19 waves. Household savings have been hit due to increased spending on health care. Consumption has still not reached pre-pandemic levels.
Care comes from a place of 'What is good for my child's development?' Care is a long-term view of the child's flourishing in life. Care is a sacred activity and it begins at home.
'It is very clear that Air India cannot be managed by the government.' 'Air India should be run as a separate profit entity.'
As many as 20 central public sector enterprises and their units are at various stages of strategic disinvestment, while six are being considered for closure or are under litigation, Minister of State for Finance Anurag Singh Thakur said on Monday.
Sankalp Gupta becomes India's 71st GM.
Jiaolong, China's manned submersible, has descended to a depth of 3,117 meters in the northwestern Indian Ocean and collected variety of precious metals.
The first priority for the new Tibetan administration in Dharamsala should be to look at Tibetan recruitment in the PLA, suggests Claude Arpi.
The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).
Wang Yang and Xi Jinping's visits signal the beginning of a major Chinese push to bring about a transformation of Tibet, observes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund said on Tuesday. However, India is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, surpassing China's projected growth rate of 8.2 per cent, the IMF said in its latest 'World Economic Outlook' report.
With Pakistan in mind, Prime Minister Manmohan Singh on Thursday warned that terrorism and radicalism emanating from "our neighbourhood" had directly affected both India and China and could lead to instability across Asia.
The BJP polled over 56 per cent of votes, more than the combined vote share of the Congress (22.5 per cent) and the AAP (18.1 per cent).
India's hopes in the Under-18 Open brightened as R Praggnanandhaa outclassed compatriot P Iniyan in the highly-anticipated battle between two Indian Grand Masters in the World Youth Chess Championship, in Mumbai.
There were no surprises when the Board of Control for Cricket in India announced India's squad for the for the upcoming World Cup.
The move will help increase participation of retail investors, providing momentum to the primary market.
India are well-placed to pocket a few medals in the World Youth Chess Championship, with Grand Master R Praggnanandhaa all but likely to lead the charge with a gold medal.
British series to hit Indian theatres on May 18.
