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.
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.
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.
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.
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.
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.
Images from the Australian Open women's final played in Melbourne on Saturday.
Life wasn't easy for Li Ka-shing, who fled China in 1940.
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.
From scanning hospital entrants to disinfecting hospital areas and floors, robots are being roped in for tasks considered high-risk, says Peerzada Abrar.
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.
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.
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.
'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.
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.
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.
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.
Mary Kom (51kg) will open her campaign against Dominica's Miguelina Hernandez on July 25; Panghal gets bye into pre-quarters.
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.
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.
In the past, India strongly rejected references made to Jammu and Kashmir in a previous joint statement by Pakistan and China.
He stressed the need for strengthening mutual trust and confidence while seeking solutions to outstanding issues.
She's someone very, very special, folks!
Manorama Kotnis, the 94-year-old sister of Dr Dwarkanath Kotnis who is considered the symbol of Indo-Chinese friendship, has passed away after a brief illness.
Chinese Premier Premier Li Keqiang said world economic recovery should not be driven by mainly China, but in concert with many countries.
Prime Minister-designate Nawaz Sharif on Thursday sought civil nuclear technology to overcome Pakistan's energy crisis during a meeting with Chinese Premier Li Keqiang.
Xi said China is ready to work with Pakistan to forge a closer China-Pakistan community of shared future in the new era.
'The global semiconductor shortage has inadvertently provided an immense fillip to the pre-owned car market'
'Jail was very crowded, we were 56 people crammed together. All 56 of us had to use only one toilet'
Teenage Thai Ratchanok Intanon won her first badminton world championship title when she upset Olympic champion Li Xuerui in the women's singles on Sunday to end China's decade of domination in the event.
Mango-inspired creations for your weekend brunch.
Tata Group was the only private enterprise on the itinerary of Li Keqiang during his visit to the country.
Tennis great and founder of the WTA Billie Jean King was among those who applauded the announcement.
Premier Li Keqiang highlighted his government's performance in the last one year and the challenges ahead in various fields. Compared to other reports by his predecessors, Li spoke more frankly about the mounting challenges faced by the country. Srikanth Kondapalli on the two recent Chinese parliament sessions.
Five-time world champion Viswanathan Anand crashed through the defences of Shakhriyar Mamedyarov of Azerbaijan to jump to joint lead after the end of the second round of 10th Tal Memorial Chess tournament in Moscow.
China's new Premier Li Keqiang will arrive in Islamabad next week to meet Pakistan's new leadership to give "further impetus" to the strategic ties between the two 'all-weather' allies.
India's envoy to China S Jaishankar met Chinese President Xi Jinping and Prime Minister Li Keqiang at a reception hosted by the new leadership to interact with the Beijing-based diplomats on Wednesday. Jaishankar met Xi, Li and Vice President Li Yuanchao and exchanged pleasantries.
