The transaction - the second one in less than a year - is seen as an effort to restore investor faith in the company following a dismal performance by its UK subsidiary, Jaguar Land Rover Automotive.
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.
'As CIC, you have the power to comment on policy matters. 'If you have very strong beliefs and you know your rulings will be reported, you will express your beliefs.'
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Thursday reported robust sales in March as a shift towards personal mobility and pent up demand continued to help companies push dispatches to their respective retail partners. Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) also reported strong sales last month as compared to the year-ago period, when dispatches were adversely impacted due to the impending transition to BSVI from April 2020 and the nationwide lockdown to contain the coronavirus pandemic. The country's largest carmaker Maruti Suzuki India said its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020.
Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
The 11 convicts on Monday walked out of the Godhra sub-jail after the Gujarat government allowed their release under its remission policy.
The Supreme Court on Tuesday remarked the Gujarat government's reply to pleas challenging the remission granted to 11 convicts in the Bilkis Bano gang-rape case is very bulky wherein a series of judgments have been quoted but factual statements are missing.
Given the controversy over Uttar Pradesh's population control moves, Hemant Shivsaran/Rediff.com digs deep to find out how many children BJP MLAs in UP have.
Delhi Police on Thursday arrested 2 more persons in connection with the corporate espionage case.
Uber, Ola's main competitor in Australia, currently operates in 19 cities including Sydney, Melbourne, Brisbane, Adelaide, Perth and Canberra.
The so-called soil scam has left Lalu alone in the Mahagathbandhan.
From promoters losing their firms to consumers realising there are no free lunches, 2019 was a year of getting real,says Shailesh Dobhal.
The protests will highlight the impact of the twin blows of demonetisation and GST
Delhi Police Crime Branch raided the office of a petrochemical co.
A defence ministry staffer, involved in the corporate espionage case, was remanded to one-day police custody.
A casual worker employed at the Defence Ministry was arrested on Tuesday for allegedly providing forged identity card to a key accused in petroleum ministry leaks case while police maintained that no sensitive documents were leaked or stolen from the defence ministry.
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
Delhi police on Saturday filed chargesheet against 13 persons arrested in connection with the petroleum ministry document leak case.
The IL&FS management is also talking to its second-largest shareholder, Orix Corporation of Japan, to infuse more funds into the company - in case any shareholder backs out during the rights issue.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices added 0.6% and 1.3%, respectively to touch their fresh lifetime highs.
This time food regulators found excess presence of ash content in Maggi
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In the second phase on April 18, 97 seats,spread across 13 states and one Union Territory, will go to the polls.
The Delhi Police on February 20 arrested five corporate executives.
18 people stand convicted in the case.
This is the fifth time that Nitish will be the chief minister of Bihar and this will be his third consecutive term.
Taking exception to Health Minister Harsh Vardhan not mentioning the death of healthcare workers due to Covid-19 in his statement in Parliament, the Indian Medical Association has published a list of 382 doctors who died due to the viral disease and demanded that they be treated as "martyrs".
First phase of online video's growth is over. Netflix, Amazon developing new content ecosystem.
The crackdown in the corporate espionage case led to the arrest of another person on Monday.
Executives would analyse information and pass it to seniors.
Execs of RIL, Essar, Cairn India, Jubilant Energy, ADAG detained.
The Narendra Modi-led National Democratic Alliance government, like its United Progressive Alliance predecessor, seems to be failing on suo motu disclosures under the Right to Information Act.
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