Ratings agency ICRA on Wednesday revised downwards growth forecast for the domestic passenger vehicles industry to 8-11 per cent in the ongoing fiscal from the earlier estimate of 14-17 per cent on account of the ongoing semiconductor shortage. Similarly, for the two-wheeler segment, it said the volumes are expected to contract by 1-4 per cent in FY2022 against an earlier prediction of 6-8 per cent growth as affordability and demand sentiments of target clientele was hit sharply by the second wave of COVID-19 pandemic. With around 5 lakh units of production lost by various automakers in the passenger vehicles segment due to the semiconductor shortage, ICRA said the earnings loss for the OEMs (Original Equipment Manufacturers) could be around Rs 1,800 crore to Rs 2,000 crore for the ongoing fiscal.
India's first indigenous aircraft carrier will be commissioned next year and its combat capability, reach and versatility will add formidable capabilities in the country's defence, Defence Minister Rajnath Singh said in Kochi on Friday.
President Xi, who heads the Central Military Commission (CMC), the overall high-command of the two million-strong People's Liberation Army (PLA), appointed Gen. Zhang Xudong as the Commander of the Western Theatre Command, according to the official media in Beijing.
Reigning World champion and title favourite P V Sindhu sailed into the pre-quarter-finals at the China Open Super 1000 tournament with a convincing straight-games victory over former Olympic gold medallist Li Xuerui, in Changzhou, on Wednesday.
Here are some of the best moments from Day 2 of his visit.
Li is currently attending the WEF annual meeting in Davos in back drop of release of the annual GDP figures by China highlighting the continuation of the slowdown of the world's second largest economy.
The reality is, the worldwide toll could have been checked within time if China had been more transparent and had warned countries regarding the new strain of Severe Acute Respiratory Syndrome (SARS)-like infection, which originated at a 'wet market' in its province of Hubei late last year.
Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi on Thursday defended the recent reforms announced by the regulator, such as peak margin norms and shortening of the trade settlement cycle, saying they were in the interest of investors. The moves were criticised by the broking community and the foreign portfolio investors (FPIs). Speaking to the media after his inaugural address at the CII Financial Markets Summit, Tyagi said: "The new peak margin norms are in everyone's interest.
This new trial, a single-blind, randomised Phase II trial, will enrol 300 volunteers, with up to 240 of these volunteers receiving the ChAdOx1 nCoV-19 vaccine and the remainder a control meningitis vaccine, which has been shown to be safe in children but is expected to produce similar reactions, such as a sore arm.
Prime Minister Narendra Modi on Thursday had his first meeting with Chinese Premier Li Keqiang, who said that China is looking forward to the Indian leader's maiden visit to Beijing.
In the past, India strongly rejected references made to Jammu and Kashmir in a previous joint statement by Pakistan and China.
A primary school teacher in China's Gansu province has been executed for the rape and sexual abuse of 26 minor girls.
Mary Kom (51kg) will open her campaign against Dominica's Miguelina Hernandez on July 25; Panghal gets bye into pre-quarters.
Indian Olympic Association president Narinder Batra hopes India's medal haul can touch the double-digit mark in Tokyo, which will be an unprecedented achievement.
From scanning hospital entrants to disinfecting hospital areas and floors, robots are being roped in for tasks considered high-risk, says Peerzada Abrar.
Former Commonwealth Games champion Parupalli Kashyap produced yet another inspiring show, outplaying fourth seed Wang Tzu Wei of Chinese Taipei, to enter the men's singles final of the Canada Open Super 100 tournament, in Calgary, on Saturday.
Modi was accorded a grand reception at the Great Hall of People in Beijing on Friday when he arrived for talks with Chinese Premier Li Keqiang.
Sindhu and Saina will once again be India's best bet as they look to put up a good show this week.
Players will be banned from handing their towels to ball-kids at next week's BNP Paribas Open in Indian Wells in an effort to prevent the spread of the coronavirus, organisers said on Friday.
'Jail was very crowded, we were 56 people crammed together. All 56 of us had to use only one toilet'
Currently, the reserve forces are under the dual leadership of military organs and local Communist Party committees and they would be brought under the control of the ruling party and the CMC from July 1, the state-run Xinhua news agency reported.
'There is little doubt that China today stands in the dock, charged with misdemeanour with regard to the health and well-being of its own citizens and of the people of the world,' notes Amulya Ganguli.
The PM was also seen chit-chatting with Japanese Prime Minister Shinzo Abe, Russian Prime Minister Dmitry Medvedev and Malaysian Prime Minister Najib Razak at the reception for the leaders who have arrived in Manila for the 31st ASEAN summit and related meetings.
'The global semiconductor shortage has inadvertently provided an immense fillip to the pre-owned car market'
The confirmed cases climbed to 571 mostly from the city of Wuhan with 17 deaths so far. The Wuhan government required all people in public places such as hotels, restaurants, cinemas, parks, shopping centres and public transports to wear masks to prevent the spread of the virus, according to an announcement on Wednesday night. The rule took effect immediately.
Commonwealth Games bronze medallists Ashwini Ponnappa and N Sikki Reddy scored a stunning straight games victory over world No. 18 Li Wenmei and Zheng Yu to make it to the second round in the women's doubles at the US $350,000 India Open, in Delhi, on Tuesday.
Tennis great and founder of the WTA Billie Jean King was among those who applauded the announcement.
World No 1 Serena Williams continued her decade-long domination over Maria Sharapova with a clinical 6-4, 6-3 win on Thursday to reach her ninth Sony Open final.
Life wasn't easy for Li Ka-shing, who fled China in 1940.
Rediff.com introduces you to the athletes who have brought India glory in Birmingham.
Images from the Australian Open women's final played in Melbourne on Saturday.
Mango-inspired creations for your weekend brunch.
She's someone very, very special, folks!
Eugenie Bouchard's Australian Open semi-final defeat at the hands of Chinese veteran Li Na would only provide her with a further springboard to greater success.
US President Donald Trump on Wednesday reignited a feud with the father of one of the three UCLA basketball players who were detained in China on suspicion of shoplifting, calling him an 'ungrateful fool' in a series of early-morning tweets.
Indian challenge ended at the Asia Badminton Championship with Saina Nehwal and P V Sindhu suffering three-game defeats in the quarter-finals of the continental championship in Wuhan.
He stressed the need for strengthening mutual trust and confidence while seeking solutions to outstanding issues.
The phase 3 trial findings indicate that Covaxin induces a robust antibody response with no severe vaccine-related adverse events or deaths reported among the trial participants, the authors of the study said.
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