After incurring losses for two years on the trot, German luxury automotive company Bayerische Motoren Werke AG (abbreviated as BMW) has posted net profit in India in 2021-22 (FY22), primarily due to high demand of its top-end vehicles, cost optimisation, and price hikes, Business Standard has learnt. BMW India said in its FY22 financial statement that the company is focusing on growth and achieving profitability through induction of new products in the market, strengthening its dealership network, and improving customer satisfaction while reducing costs. The company posted its highest-ever revenue in India in FY22 at Rs 4,365.8 crore.
'Imagine what the BJP's urges would be if India's electorate awarded it truly brute majorities like the 400 plus seats the prime minister called for in the 2024 general elections?' asks Shyam G Menon.
'Yes, there have not been any express fast bowlers that are coming from the MRF Pace Foundation that we used to have back in the years.' 'But that's not going to happen anymore. Now, in the next few years, you are gonna see a lot of really good fast bowlers coming out from the MRF Pace Foundation again.'
The migration of domestically developed intellectual property to foreign corporations within India reflects an anomaly in the demand pattern of the country's job market, points out Kanika Datta.
On one hand, South Indian states have been complaining about denial of a proportionate portion of the sharable funds from the Centre, based on population. On the other hand, they stand to lose Lok Sabha and Rajya Sabha seats that again are based on population, points out N Sathiya Moorthy.
A look at how homegrown fabrics galore on Day one at Amazon India Fashion Week Spring/Summer 2017.
Bangar delved into the critical consideration of KL Rahul's involvement as a wicketkeeper-batsman and how this strategic decision aligns with India's quest for balance
Prime Minister Narendra Modi virtually interacted with 10 athletes, including 2016 Rio edition gold winners Devendra Jhajharia and Mariyappan Thangavelu, and urged them to compete without pressure at the upcoming Tokyo Paralympics.
Yunus, 84, was administered the oath of office by President Mohammed Shahabuddin at a ceremony at the presidential palace 'Bangabhaban'.
The National Payments Corporation of India on Thursday granted approval to Paytm-owner One97 Communications Ltd to participate in UPI as a Third-Party Application Provider (TPAP) under the multi-bank model. Axis Bank, HDFC Bank, State Bank of India, and YES Bank will act as Payment System Provider (PSP) banks to Paytm.
Shares of public sector enterprises have corrected by up to 22 per cent month-to-date until March 19, 2024. Analysts attribute this steep fall to the valuation exuberance seen after a sharp run in these counters last year and suggest investors remain selective regarding the stocks in this space. "The rally in public sector undertaking (PSU) stocks has been stretched and sharp, although it is somewhat justified by improvements seen in earnings, operations, balance sheets, and overall profitability.
The remarks of Dr Parvaiz Koul, director of the SKIMS Hospital in Kashmir, came in the backdrop of the highly transmissible Omicron strains, mostly BF.7, causing a spike in coronavirus cases in many countries, including China.
Only five of India's top 20 car models have seen a reduction in wait times over the past year.
The new four-wheeler (4W) electric vehicle (EV) policy may spur the entry of global majors. The manufacturing policy cuts Customs duty to 15 per cent, given a minimum investment commitment. It calls for a minimum investment of Rs 4,150 crore (about $500 million) for making electric four wheelers (e-4Ws), with manufacturing to commence within three years of approval.
Prime Minister Narendra Modi has said that India's economic growth is a 'natural by-product' of his nine-year-old government's political stability, as he expressed optimism that it will be a developed nation by 2047 with 'corruption, casteism and communalism' having no place in our national life.
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A bench of Justices Sanjiv Khanna and Dipankar Datta is likely to hear the matter.
'India is the sixth-largest market for the Kia Corporation, and contributes 8 to 9 per cent to our global sales.' 'We are eyeing 10 per cent market share over the next few years depending on customer demand and new product innovations.'
Its success script: Investing more in local content ecosystem; growing its partnership footprint.
Aditi Sandhya Sharma played cadet Neha Joshi aka NJ in the Hrithik Roshan-Deepika Padukone starrer.
India's luxury car rental market is experiencing a surge in demand, particularly in Tier 1 cities such as Mumbai, Bangalore, and Delhi, with executive travellers, especially from the tech sector and younger demographics like the millennials and the Gen Z, increasingly renting high-end vehicles for special occasions and domestic travel. Luxorides, a luxury car rental company, observed a 40 per cent year-on-year rise in bookings in 2024 (until April) on popular routes like Delhi-Rishikesh, Delhi-Vrindavan, and Delhi-Jim Corbett National Park, as well as Chandigarh-Manali and Chandigarh-Ladakh.
German luxury car maker Audi plans to launch around 10 new models next year in India as it looks to further consolidate its position in the country.
Here's a simple quiz to test your knowledge on yoga postures!
In cricket, we have something that we can share with our families, neighbours and indeed, the whole country. It is colour-blind, language-neutral, truly secular and transcends all regions, from Kashmir to Kerala and Mizoram to Maharashtra, explains Shreekant Sambrani.
French carmaker Citroen will launch its C3 Aircross Sport Utility Vehicle (SUV) in India by October, and is betting big on exports from India to markets like South Africa, ASEAN (Association of Southeast Asian Nations) and Nepal, a top company executive told Business Standard. Citroen, which sold 6,000 units through Citron C3 and C5 Aircross SUV, is likely to double its sales during the current year, as it has already sold 6,000 units of Citron C3 and eC3 electric vehicles during the first six months. "We are going to start bookings for the C3 Aircross SUV in September and launch it in October. Price will be at the heart of the midsize SUV market," said Saurabh Vatsa, Citroen India branch head.
Newly appointed PCB chairman Mohsin Naqvi would be eyeing an assurance from BCCI secretary Jay Shah on India's participation in next year's Champions Trophy in Pakistan during next week's ICC Meeting in Dubai but is unlikely to make headway as of now.
Nearly 40 per cent of IITians sitting for placements in 2024 are yet to receive job offers, showing a doubling of the 'unplaced' in the last three years from 19 per cent in 2021-2022 to 38 per cent in 2023-2024.
'My mother feels it will be tough and emotional for her to enter an assembly which has essentially been reduced to a municipality now.' 'My opinion is that even if it is a municipality one cannot cede that space to the BJP.'
So far, the current year has not been great for the leading car exporters from India. In the top five list of exporters -- Hyundai, Ford, Maruti Suzuki, General Motors and Volkswagen -- it is only Hyundai which is clocking a growth.
A round-up of all the action from the lives of top models... as seen through their Instagram feeds :-)
Gandhi said Modi's top priority now is to get his Speaker in Parliament and is not bothered about NEET .
The Indian Navy on Monday unveiled a 15-year plan to boost maritime infrastructure even as Chief of Naval Staff Admiral R Hari Kumar said the force is working with the Army and the IAF to ensure tri-services jointness and integration to meet future challenges.
To meet the rising demand for its iconic brand Mini, German luxury carmaker BMW Group on Wednesday launched its British premium luxury small car in the 3-door and 5-door variants with petrol and diesel options.
PCB was caught in a deadlock with the ACC for demanding additional compensation on organising chartered flights between Pakistan and Sri Lanka during the Asia Cup.
NEET is a court-ordered examination, supposedly aimed at meritocracy. However, over the past years when the incumbent Narendra Modi government at the Centre began implementing it, it took on political and casteist colours, observes N Sathiya Moorthy.
The hospitality industry has seen plenty of interest since the catastrophic impact of the pandemic, which led to losses in FY21. The hotel industry market cap has more than tripled since 2019 on the combination of a strong earnings rebound and positive surprises, as well as three recent listings. The industry has good tailwinds. The anticipation is, demand for rooms will outrun supply for a few years despite capacity expansions.
It is eyeing doubling its market share.
'I was in the US, where I met top executives of HP and Dell, and they are very keen to come to India.' 'Acer and ASUS have also evinced interest.'
While Lara agreed in principle to the point, he found differences too in the two models.
LIVA Miss Diva Supranational 2023 Sonal Kukreja shares her summer hair and skincare routine.
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