Suzuki will produce EVs for the Indian market and will supply some of them to Toyota, which will provide technical support.
Politicians and Twitter warriors around the globe have a new buzzword among them: Net zero. Everyone appears to be keen to state their commitment to net zero, with India providing an outlay of Rs 35,000 crore to achieve energy transition and net-zero objectives in its Budget for FY24, even as the latest and final report by the United Nations' Intergovernmental Panel on Climate Change (IPCC) warned that current efforts are not enough to curb global warming. A number of small factory owners and businesses, however, have pointed out that the transition to net-zero emissions will cost them hugely.
'We try to pick up stocks early and hold onto them for the long term.' 'We are not someone who buys and sells on a daily basis.'
'It is going to be extremely rapid and anybody who is not there, be it investor, manufacturer, supplier, will miss out.'
While Toyota will acquire 4.94 per cent shares of Suzuki, worth $ 908 million, the latter will make a $ 454-million investment in the biggest automaker of Japan. Premium products from the Maruti stable such as the Baleno, Ciaz and Vitara Brezza will be sold under the Toyota brand with small changes.
What explains India's love affair with SUVs? They are not exactly "value for money" -- the watchword for brands across segments -- nor always practical. Is it for the badge value? Or the butch imagery associated with SUVs? Maybe both, says Alokananda Chakraborty.
As a tech services company, Ola has never been in hardcore manufacturing. And unlike in ride hailing, which is a two-player market (Uber is the only other competitor), in two-wheelers it faces many entrenched players. But most of all, rivals say Ola's targets are out of sync with most, even ambitious, projections.
The government has used four methods to value the assets that it is looking to monetise under its Rs 6-trillion National Monetisation Pipeline (NMP). The value of the assets on the block is indicative that the government is expected to realise either in the form of upfront accruals or by the way of private sector investment, NITI Aayog said in its report. Valuations are essentially estimates, so multiple methodologies are useful to get a range, said Manish Agarwal, infrastructure expert and co-founder of AskHowIndia.org. Different valuation methodologies depend on the different assumptions that are being considered for valuing a business, he said.
A gruelling off-season training regime in Australia paid off for Ana Ivanovic when she fought back from the brink of defeat to beat France's Virginie Razzano 6-1 2-6 7-5 at the Sydney International on Tuesday.
In its interim order, the court also said use of National Council for Educational Research and Training books be made mandatory.
Farmers and opposition parties in Tamil Nadu on Monday staged rail roko agitation at various places in the state demanding the Centre to constitute the Cauvery Management Board immediately.
The new Honda Accord Hybrid combines two worlds to offer a fitting blend of power and fuel efficiency.
Prime Minister Narendra Modi on Wednesday "strongly disapproved" incidents of vandalism of statues in certain parts of the country and spoke to Home Minister Rajnath Singh on the matter.
