Earlier in May, Ford India announced that it had dropped its plans to make electric vehicles (EVs) in India, which it intended to export, under the production-linked incentive scheme (PLI). Ford was among 20 companies that had signed a Champion OEM Incentive Scheme under the PLI project with the government in February this year. The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat. In September last year, the company had announced that it would exit the India market, which it had entered in 1995 through an on-again, off-again joint venture with Mahindra & Mahindra (they split in 1998, signed a JV in 2019 and split again in December 2020), retailing petrol and diesel brands such as the EcoSport, Figo, Aspire, and Endeavour.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Amid an existential crisis confronting the company, Vodafone Idea CEO Ravinder Takkar has reached out to consumers reaffirming the telco's commitment to continue providing "superior services and best-in-class propositions". Thanking users for their continued support as the company approaches first anniversary of 'Vi' branding, Takkar noted that Vi came with a promise of a better tomorrow, bringing the best in technology, services and solutions for the Digital India and Digital Bharat. The company will continue to deliver on this promise to keep users ahead, Takkar said in the mailer to consumers.
The increase in energy consumption was driven by renewables and natural gas, which together contributed three quarters of the expansion.
Indian Oil Corporation (IOC), the nation's largest oil firm, has renewed a deal to buy up to 2 million tonnes of crude oil in 2022 from Russia's Rosneft, the Russian oil producer said. IOC had in February 2020 signed a deal with Rosneft Oil Company to import up to 2 million tonnes of oil via the port of Novorossiysk. In 2021, the deal envisaged supply of up to 1.7 million tonnes of crude oil but IOC bought just on parcel or shipload as the cost of transporting the oil made it uneconomical, when compared to alternatives. For 2022, the deal is for the supply of up to 2 million tonnes of oil from the Black Sea port of Novorossiysk.
In what could be termed as a marked departure from its earlier stance, the Board of Control for Cricket in India is seriously contemplating using Decision Review System (DRS) during India's upcoming home series against England.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
Lt Gen Dwivedi, who was referring to the clash between the Indian soldiers and Chinese troops in the Galwan Valley in June 2020, also said that PLA's aggression in eastern Ladakh was met with "swift mobilisation and appropriate force posturing".
'I've had enough of umpire's call. Let's just ban umpire's call.'
'The greatest loss from replacing the 126 Rafale proposal with the 2016 contract for 36 Rafales might not be the extra money paid, but the opportunity that India's aerospace industry lost of obtaining access to critical aviation technologies and manufacturing skills.'
Are breakthroughs on this imminent, asks Ajit Balakrishnan.
With the Board of Control for Cricket in India unhappy with Hot Spot technology following controversies surrounding it in India's recent tour of England, the upcoming ODI series between the two countries will be played without the use of the Decision Review System.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Prime Minister Narendra Modi has met his Australian counterpart Scott Morrison in Washington, DC, ahead of the first in-person Quad meeting to be hosted by US President Joe Biden and discussed a broad range of issues of bilateral, regional and global importance, including the Indo-Pacific.
According to official sources, various states are contemplating bans on TikTok, Kwai, LIKE and other such apps over the next few months, on the worry that these platforms encourage child pornography, nudity and the spread of fake news, report Karan Choudhury and Neha Alawadhi.
Microsoft's India-born CEO Satya Nadella has been named the company's chairman, an additional role in which he will 'lead the work to set the agenda for the board.'
The approval by the Drugs Controller General of India (DCGI) was given on the basis of recommendations submitted by a COVID-19 subject expert committee (SEC) of the Central Drugs Standard Control Organisation (CDSCO).
Hectic fundraising through initial public offerings (IPOs) is expected in October-November, with at least 30 companies are looking to collectively raise over Rs 45,000 crore through initial share-sales, merchant banking sources said. Of the total fundraising, a large chunk would be garnered by technology-driven companies. The successful IPO of food delivery company Zomato, which was overwhelmingly subscribed by over 38 times, encouraged new-age tech companies to come out with their primary share-sales.
This apart, to further increase capacities, Bharat Biotech has partnered with Indian Immunologicals (IIL) to manufacture the drug substance for Covaxin. The technology transfer process is underway and IIL has the 'capabilities and expertise' to manufacture the inactivated viral vaccines at commercial scale.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
The 557th meeting of the Central Board was chaired by RBI Governor Raghuram Rajan, and attended by the four deputy governors among others
The government has asked social media platforms, including Twitter and Facebook, to remove content and posts that were spreading misinformation and public panic around the pandemic, according to sources.
Former Indian captain Ravi Shastri has insisted that widespread criticism has vindicated India's blunt and uncompromising position on the Decision Review System (DRS), saying that the 'shit' has hit the roof in a massive series, referring to the Ashes.
The Budget oration of the finance minister and the confidence with which she delivered it, along with the measures and the recent upsurge in the economy would all contribute to unleashing the storied 'animal spirits' and help the economy run on the growth path quite smoothly. Or so the government hopes, notes Shreekant Sambrani.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
The fourth wave of the Covid-19 pandemic in India may start around June 22 and peak from mid to late August, a modelling study by researchers at the Indian Institute of Technology-Kanpur suggests.
Rajkot will not only make it's Test debut next week but will also become the first Test centre in India to implement the Decision Review System.
You'd love to take these pocket-friendly automatics for a spin
'I have never seen such a large parade being commanded with such precision just by a vocal word of command.' 'I would like to import this technology to England.' Air Commodore Nitin Sathe (retd), then a final year cadet at the National Defence Academy remembers Queen Elizabeth II's visit to NDA in November 1983.
Johnson's first visit to India as United Kingdom prime minister will begin on April 21 with a trip to Ahmedabad in Gujarat, which is Prime Minister Modi's home state.
'Given the possibility that our unstable northern and western borders may become 'live' at short notice, any major systemic change which impacts combat effectiveness should be brought about in a cautious and progressive manner.'
Unacademy is conducting another round of job cuts and laying off 350 employees or 10 per cent of its workforce of 3,500, as the SoftBank-backed edtech firm targets profitability and reduces costs, according to an internal note sent by Gaurav Munjal, co-founder and CEO of Unacademy group, to the staff. Munjal said the restructuring exercise would affect about 10 per cent of employees across the group. "I am deeply saddened to share that we will have to say goodbye to some of our extremely talented Unacademy employees," said Munjal in the letter addressed to employees and reviewed by Business Standard.
'Unless India ups the ante, Beijing will continue to believe its transgressions are cost free and will feel encouraged to do more of the same.'
The policy proposes a single-window platform for facilitation of the Indian software product industry, to help fast-track legal and regulatory issues over import and export, as well as setting up and winding up enterprises.
This is more than 25 per cent higher as compared to the same period of the previous year when the prime minister had 78 domestic engagements.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual fund queries.
If in the current streaming age, audiences can watch the originals, why would they spend their money on second-hand content? Is it possible that mainstream Hindi filmmakers have lost the pulse of their audience, asks Deepa Gahlot.
eBay says it has cut jobs at its centre in Bengaluru in favour of shifting them to other locations around the world.
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