'The move to remove indexation benefits on LTCGs presently available for property, gold, and other unlisted assets may have a negative impact as it directly impacts real estate investors.'
'He was a practical person who ensured that he thought about the common man, animals, the fact that they have a life and they have to be respected.'
Furniture retailer Ikea India on Thursday said it will shut down its store in Mumbai's R City Mall by the middle of this year and explore omnichannel formats in the city. The store at R City Mall, which is spread across 72,000 sq ft, opened in June 2022 to test the viability of small-format stores. The company's plan to shut down the store illustrates the concerns surrounding the viability of running a small-format store, given the rising rentals.
DigiLocker, a government initiative for storing documents and verifying credentials online, is gradually replacing the need for paper.
Tata Motors will soon submit a detailed report on the upcoming manufacturing plant in Tamil Nadu's Ranipet district and a decision, on whether the facility will churn out passenger or commercial vehicles, will be taken by the company on the basis of market trends, state's industries minister TRB Rajaa said on Thursday. "They are keeping the options open, and market trends will determine it (the type of vehicles the plant will make). "They will quickly come up with a detailed report on that," Rajaa said.
The speech he gave in which he accused the Congress of getting black money in tempos from Ambani and Adani is remarkable.' 'It is a self-goal for sure, but indicates someone who has lost control, someone who is rattled.'
'It's such a mishmash of wonderful things, so many different cultures, subsections of society and weird histories.'
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
Japan's Sumitomo Realty & Development Company will buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for Rs 5,200 crore, the Wadias-run company said on Wednesday. The sale of the land parcel in Worli is one of the biggest land sale transactions in the history of the financial capital.
IKEA's Worli City Store is a first in India for the company.
After clocking losses for seven straight quarters, Tata Motors on Wednesday posted a consolidated net profit of Rs 3,043 crore in the third quarter (Q3) of 2022-23. This came on the back of a strong order book, better semiconductor chip supply, tempered commodity prices, and a better product mix. "We remain cautiously optimistic about the demand situation, notwithstanding the global uncertainty.
A 'propagandist' newspaper distributed on board the Bangalore-Chennai Shatabdi Express has snowballed into a controversy, drawing political reactions and prompting the Indian Railway Catering and Tourism Corporation (IRCTC) to initiate an enquiry in the matter.
TCS was the top gainer in the Sensex pack, rising over 3 per cent, followed by HUL, UltraTech Cement, Nestle India, Kotak Bank, Dr Reddy's and Titan. NSE Nifty surged 157.90 points to 17,234.15.
Homegrown auto major Tata Motors on Tuesday said it has received 98 patents last year under its accelerated drive for engineering excellence and innovation. These patents predominantly relate to the megatrend of CESS (connected, electrified, sustainable and safe) automobiles, the company said in a statement. The patents also encompass an eclectic mix of improvements in automotive electronics, noise vibration and harshness, conventional and advanced powertrain systems, and crash safety under various categories of industrial designs, copyrights and notarisations, the statement added.
Tata Motors on Monday said its subsidiary and Ford India have inked a pact with the Gujarat government to acquire FIPL's Sanand vehicle manufacturing plant. Tata Passenger Electric Mobility Ltd (TPEML) -- a subsidiary of Tata Motors -- and Ford India Pvt Ltd (FIPL) have today signed a memorandum of understanding (MOU) with the Gujarat government for the potential acquisition of FIPL's Sanand vehicle manufacturing facility, including land, buildings, vehicle manufacturing plant, machinery and equipment, Tata Motors said in a regulatory filing. The MoU also includes the transfer of all eligible employees of FIPL Sanand's vehicle manufacturing operations, subject to the signing of definitive agreements and receipt of relevant approvals, it added.
The helmet is equipped with a thermal camera which enables it to screen 13 people at a time.
However, some areas in south Mumbai, which witnessed a record rain on Wednesday, were still water-logged, they said. The India Meteorological Department (IMD) has predicted moderate to heavy rainfall in the city and suburbs and intense showers in some parts of the Mumbai Metropolitan Region in next 24 hours.
House economists at the nation's largest lender State Bank of India (SBI) have urged the government to budget for nursing the pandemic-ravaged economy and not to focus too much on fiscal consolidation as there is a need for more stabilisation measures to sustain the fledgling recovery. And one of the best way to begin the new fiscal is to complete the share sale of LIC this fiscal. This can go a long way in repairing the overstretched balance sheet which in turn will bring down fiscal deficit to a much lower 6.3 per cent in FY23 as the public coffers will be left with a cash surplus of at least Rs 3 lakh crore to begin the new fiscal, SBI chief economist Soumya Kanti Ghosh said in a pre-Budget note on Wednesday.
SBI was the top gainer in the Sensex pack, spurting over 2 per cent, followed by TCS, Tech Mahindra, HUL, Bajaj Finance, Kotak Bank and Titan. On the other hand, IndusInd Bank, PowerGrid, Bharti Airtel, Asian Paints and HDFC Bank were among the laggards.
A former teacher, Geeta J took to modelling at the age of 50.
The Indian economy has recovered 'handsomely' from the pandemic-induced disruptions, former Niti Aayog vice chairman Arvind Panagariya said on Tuesday, while expressing hope that the recovery will be sustained and the growth rate of 7 to 8 per cent will be restored. Panagariya suggested that the government must now signal its intention to wind down fiscal deficit by cutting it by half-to-one percentage point in 2022-23. "The Indian economy has recovered handsomely, returning to its pre-COVID GDP... "Only private consumption is still below its pre-COVID-19 level," the eminent economist told PTI in an interview.
Next in line will be mega stores in cities such as Gurgaon and Bengaluru, though timelines for launch have not been specified yet. The company will also launch two more city-centre or smaller stores in 2021 in Mumbai to reach a wider audience.
'Everyone was talking about migrants, frontline workers and cops...' 'Nobody was talking about sex workers during the pandemic.'
Southern Railway however clarified that the issue was the result of a particular user selecting Hindi as the preferred language while registering in the IRCTC website. 'Language is an option in e-ticketing,' a Southern Railway release said.
With entry-level cars being preferred amid the pandemic, market leader Maruti Suzuki has strengthened its hold, along with Hyundai Motor India.
World Athletics president Sebastian Coe claimed that more people took to running to stay fit during the coronavirus-forced lockdown, something his sport can capitalise on once the world is back to being normal.
Anti-racism protests across the United States, the funeral procession of George Floyd in Houston, a defaced statue of King Leopold II in Brussels, unlocking of restrictions in Mumbai and much more. Scroll for the top moments from the week gone by.
'We are a country of amazing ability and the way we have responded to the pandemic is evidence.'
Chief Economic Adviser K V Subramanian on Monday said the overall impact of the second wave of COVID-19 on the country's economy is not likely to be large but cautioned about an uncertainty surrounding the pandemic going ahead. He further said that given the circumstances due to the pandemic, it is difficult to forecast if the country would achieve a double digit growth in the current fiscal. The Economic Survey 2020-21 released in January this year had projected GDP growth of 11 per cent during the current financial year ending March 2022.
Asserting that India has full potential to emerge as a global hub for electric vehicles by 2025, Union Minister Nitin Gadkari on Friday asked automobile manufacturers to reduce cost and forego profit initially to capture market and fuel growth. Once the market picks up there will not be any looking back, Road Transport and Highways and MSMEs Minister Gadkari said, promising all support to manufacturers in the initiative aimed at cutting India's huge import costs of crude and arresting pollution. The minister said he is scheduled to make an hour-long presentation on EVs before the Chief Justice of India post-Diwali.
Active cases stand at 1,45,779, while 1,54,329 people have recovered and one patient has migrated. "Thus, around 49.9 per cent patients have recovered so far," a ministry official said.
Maharashtra is the worst affected state with 59,546 cases.
'If your oxygen saturation is okay and is maintained after the six-minute walk test -- which has been described all over the world -- and you do not have an unrelenting fever, then you can even be managed at home.'
The electric vehicle evolution in India's passenger vehicle market has remained frozen in time and may see limited adoption over the next decade, experts say.
'What prevents infection are masks, physical distancing and good ventilation.'
The country crossed the 12-lakh mark, just three days after it went past the 11-lakh milestone.
This is the seventh consecutive day when COVID-19 cases increased by more than 30,000.
In a significant directive, the home ministry said that state governments shall not impose any local lockdown outside the containment zones without prior consultation with the central government.
'Storms push a lot of water into land, then there is heavy rainfall due to the cyclone.' 'Along with this, we see the gradual rising of the sea level.' 'We see this during and after the latest Cyclone Tauktae.' 'This kind of overlapping events are increasing and we do not know much about how to tackle them.'
'Social distancing, wearing masks and hygiene should be practised more strictly.'' 'People should not assemble in close spaces as the micro droplets may hang in the air and can last for a longer time.'
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