The vehicle scrapping policy will offer about 5 per cent rebate to those buying new cars if they junk their old vehicles, Union Minister Nitin Gadkari said in Rajya Sabha on Thursday terming it a "win-win" situation. The voluntary vehicle scrapping policy announced in the Union Budget for 2021-22 provides for fitness test after 20 years for personal vehicles while commercial vehicles would require it after the completion of 15 years. "The 'Voluntary Vehicle-Fleet Modernisation Programme' or 'Vehicle Scrapping Policy' will offer a rebate of about 5 per cent to buyers on new car purchases in lieu of scrapping of the old.
Mudar Patherya lists companies whose shares can bring on Xmas cheer for investors.
Wipro's clients currently include over 100 US payers, healthcare providers, and public health agencies.
SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
'Quality of management, corporate governance, allocation of capital, full disclosures should form the basis to decide investing in a particular stock.'
While global majors like JetBlue, RyanAir, Southwest sell almost 90 per cent of their tickets through their own websites or apps, airlines in India have a minuscule share of around 25 per cent through direct channel booking.
Yahoo Inc plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.
India is a $180-billion automobile market, including vehicles and services. Of this, only $1 billion is online.
It epitomises a significant opportunity lost, just when the state was beginning to shed three decades of leftist inhibitions in favour of economic reform.
'The current economic contraction is certainly due to the lockdowns as a response to the pandemic, which is an act of God.' 'Nobody has seen such a thing in the last 100 years.' 'Saying that this was an act of mismanagement is largely incorrect'
One thing has remained constant through the Indian economy in the last seven decades: the dominance of family-owned businesses. Krishna Kant reports.
With India's imports exceeding exports, weak rupee does more harm than good. Analysts, however, say that rupee depriciation is positive for export-oriented sectors such as IT services, pharmaceuticals, textiles and automobiles
Uttar Pradesh government has awarded the project to Vamasundari Investments, the investment arm of HCL
Maruti, which is majority owned by Suzuki Motors of Japan, pays massive tax, generates huge employment (its staff are almost entirely Indians) and also makes its investors extremely rich. JLR, on the other hand, though owned by Tata has its factories in England and China and in every way (sales, employment, technology) has nothing Indian about it.
Sunil Munjal will pursue new business interests and lead Hero Corporate Services as its chairman.
With the Sensex again nearing 28,000 points, investors can make good returns with a one-two year horizon.
'We are in the reverse gear and we are not there anywhere compared to the rest of the world'
Such allegations are unjustified, given that the CCI's remedies do not promote a free-for-all scheme.
Pakistan's former President Asif Ali Zardari was on Monday summoned by a court to appear before it on October 29 in relation to five corruption cases against him which were re-opened last week, compounding his legal woes.
Govt may not announce any new concessions in excise duty
The S&P BSE Sensex has rallied about 28 per cent in 2014, after formation of a stable government at the Centre.
The 7th Pay Commission recommendations are a major challenge for the Railways.
Japan Plus to facilitate and fast-track investment proposals.
'Modi and BJP have fooled us enough by creating a Hindu-Muslim divide. Our anger is about jobs and farmers getting a good price, but Shah needs to be taught a lesson for betraying us.'
Unlikely to happen in less than a year,despite the advantage of the parent airline's base.
Renewable energy is mistakenly restricted to electricity.
The strategies that the gurus adopted to build their successful business empires over the past two decades could hardly be adopted by businesses that openly claim to be businesses, points out Somasekhar Sundaresan.
Theoretically, there is an inverse relationship, but other factors need to fall in place for it to work well this time
The recent agreement between the RBI and the Centre marks a significant step forward toward financial inclusion.
The one common theme across companies that have rewarded shareholders is consumption.
Investors with stalled projects and mounting bad debt will refinance their loans.
Going to a MyDentist clinic is like going to a coffee shop and ordering a cappuccino, says chief Vikram Vora. The prices are same everywhere in Mumbai
For all the blame-game over the flood preparedness in Chennai and elsewhere in Tamil Nadu and Puducherry, this is not the first of its kind. Nor would it be the last, given the nature of the north-east monsoon, says N Sathiya Moorthy.
Despite the headwinds both on the domestic and global fronts, Ramesh S Damani, member, BSE and a prominent investor, says India will weather a global trade war better than a lot of other Asian countries.
Arthur J Pais analyses Oscar 2014 big wins and losses.
