Terming India as a strategic market, struggling auto-maker Fiat on Wednesday said it has set a 12-month period for effecting a major restructuring of its operations, including the dealer and service networks.
American automaker Ford on Thursday said that it had withdrawn plans to manufacture electric vehicles (EVs) in India and it won't invest in the country under the performance-linked incentive (PLI) scheme. "After careful review, we have decided to no longer pursue EV manufacturing for exports from any of the Indian plants. "We remain grateful to the government for approving our proposal under the PLI and for being supportive while we continued our exploration. "Ford India's previously announced business restructuring continues as planned, including exploring other alternatives for our manufacturing facilities.
Much of the the-foreign-media-is-biased hysteria that we see on social media these days is provoked by the bad press the regime is getting in the West, points out Vir Sanghvi.
Japanese auto major Honda Siel Cars India (HSCI), which recently forayed into the intensely competitive small car segment with the Brio, has brought an old hand on deck to grow operations aggressively in the Indian market.
Social media giant Meta on Thursday said its India head Ajit Mohan has resigned from the company.
Tata Steel has a very British problem. The performance of Europe dragged the steel major's October-December (Q3FY23) performance with the UK business accounting for a major part of the operating loss; on the bottom line, the overhang of the British Steel Pension Scheme (BSPS) showed. And a nearly three-year discussion with the UK government on a support package for a green transition resulted in an offer that fell short of the ask.
A parliamentary panel on Friday questioned top Twitter officials over a whistle-blower's revelations on its India operations, and gave them a dressing-down as their replies on issue of data security and privacy were "not satisfactory", sources said.
Most players are looking to invest anywhere between $500 million and $1 billion in new ventures in the next couple of years, said experts on this segment.
Holding that Air India's conduct appeared to be 'unprofessional', aviation regulator Directorate General of Civil Aviation (DGCA) on Thursday issued notices to the officials and crew of the New York-Delhi flight, asking why action should not be taken against them for 'dereliction' of duty while handling the November 26 'urination' incident.
At present, the software company is present in Bangalore, Chennai, Hyderabad, Kolkata, Indore, Mumbai, New Delhi, Pune, Nagpur, Ahmedabad, Chandigarh and Kochi.
BestMed Tourism, a joint venture between Kochi-based Focuz Group and Canadian leisure travel company, Unbelievable India Tours, kickstarted its Indian operations recently.
Tata Group-owned Air India, under its new chief executive officer and managing director Campbell Wilson, is optimising its domestic strategy under which the carrier is "densifying" its presence on metro-to-metro routes and exiting from unviable ones, Business Standard has learnt. Wilson took charge on July 25. Air India has increased its flights on metro-to-metro routes such as Delhi-Mumbai, Delhi-Bengaluru, Mumbai-Chennai, Mumbai-Bengaluru, and Hyderabad-Mumbai between June and November this year.
IMAGES from the 1st ODI played between India and Sri Lanka in Guwahati on Tuesday.
They are both electronic manufacturing services (EMS) companies, also known as contract manufacturers. One is Taiwan's Foxconn group, the undisputed global number one in this business with revenues of $223 billion. The other is Dixon Technologies, the biggest domestic player with revenues of over Rs 10,500 crore.
The US-based coffee chain, which had sewed up an equal joint venture with Tata Global Beverages, opened its first outlet in Mumbai in October 2012.
Former home secretary RK Singh set off a storm with his allegation that Home Minister Sushil Kumar Shinde stalled investigations into a businessman's links underworld don Dawood Ibrahim. But the fact is that the police were not allowed to make any headway into their investigations, reports Vicky Nanjappa.
Steris Corporation of the US, the leading manufacturer of product technologies, services and expertise to prevent infection and contamination, is planning to introduce a host of mid-level equipment in the Indian market in the next few months, a senio
Malaysian budget airline AirAsia moved a step closer to securing permission to launch operations in India, with Civil Aviation Minister Ajit Singh on Monday saying that all issues concerning the carrier's application have been resolved.
The national carrier operated 190 out of its 320 scheduled flights till 1700 hours today with its narrow-bodied aircraft, offering a little over 60 per cent of its normal capacity.
Erick Haskell takes over from Claus Heckerott.
Billionaire Gautam Adani's group has created a new company for its foray into healthcare services through the acquisition of large hospitals, diagnostic chains, and offline and digital pharmacies. Adani Enterprises Ltd - the group's business incubator firm - in a regulatory filing said a wholly-owned subsidiary, Adani Health Ventures Ltd (AHVL) was incorporated on May 17, 2022. AVHL will "carry on the business of healthcare-related activities including, inter alia, setting up, running, administrating medical and diagnostic facilities, health aids, health tech-based facilities, research centers and to do all other allied and incidental activities in this regard," it said.
Global financial services major Goldman Sachs on Wednesday said it will start its brokerage operations in India this year.
On Thursday, Virgin Atlantic, for instance, cancelled its morning flight between London and Delhi. And Air India rescheduled its London-Ahmedabad flight by several hours. With the Heathrow restrictions to remain in place till September 11, air traffic between India and London is likely to see slower growth over the next two months.
Flight operations of Air India were severely affected on Saturday after its pilot reported sick as part of their 'work to rule' agitation against the airline management's failure to pay their salary.
French retail giant, Carrefour on Wednesday held meetings with over 600 suppliers here as part of its plans to open its first cash and carry store in India.
'There have been many cases where clients have indicated that they feel suicidal as they feel they have no other options to deal with their financial hardship.'
Chinese telecom networking company Huawei Telecommunications is planning to increase its workforce by 50 per cent to touch 90 professionals by June-end this year.
Premier British carrier Virgin Atlantic wants to sustain its operations in India despite the current restriction of only two flights a week it is being allowed to operate from New Delhi, its officials said on Friday.\n\n
Byju's is set to promote its chief operating officer (COO) Mrinal Mohit to a bigger role, including leading the India operations, according to people familiar with the matter. This is because Byju Raveendran, founder and chief executive officer (CEO) of the edtech giant - which is valued at $22 billion - is planning to focus on global expansion and acquisitions. Among the global regions, Raveendran may look at markets such as the US and the Middle East.
The flight AI 1946 landed at the Indira Gandhi International Airport here at around 11.40 pm.
Karan Johar hosted a party at his home on Sunday night, April 24, in honour of Bela Bajaria, Netflix's vice president, International Originals.
In his communication, Batra also pointed fingers towards the team management without specifying anything.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances