'It is going to be as high as 50% in the coming one or two months and can be about 20% to 25% in the medium term.'
The company shut its factory on June 3, which ironically was also World Bicycle Day. It laid off its 431 remaining employees, but the company insists they continue to be on its rolls and will be paid "lay-off wages" upon marking attendance daily.
Beginning with the bird's eye view of itself -- a narrow state of hills, rivers and high population density, in a tapering part of the Indian subcontinent. It can be a beautiful place shaped by aesthetic founded in appropriate lifestyle and progressive views, or a junkyard shaped by money and what money buys. The choice is Kerala's, notes Shyam G Menon.
'India is still hierarchical, but not as much as Japan and people appreciate a flat working culture,' Charles Frump, managing director, Volvo Cars India, tells Pavan Lall.
The German luxury automaker has already seen its online traffic increase 10-fold this year. Though that has not always translated into sales, Mercedes-Benz says it is continuing to build on what it calls its "touch-free" experience to stay plugged into its consumer base. Under the used car business, more than 150 cars were sold online in January and February.
The new PN3 norms and lack of clarity on what constitutes beneficial ownership are the primary reasons for the decline in investments from China and Hong Kong.
To establish itself as a top luxury player, Volvo plans to launch V40 in India by April.
School dropout Mahashay Dharampal Gulati, famously known as 'MDH Dadaji' for repeated appearance in his spice brand's television ads, started his spices business journey in a nondescript shack in Delhi's Karol Bagh after selling his tonga, and went on, at the age of 94, to becoming the highest-paid CEO in the country's FMCG sector.
The council also cut GST rates on affordable housing to 1 per cent from the current 8 per cent.
A senior ruling Akali Dal leader of Punjab and two other persons from the state, who were allegedly been kidnapped in Hong Kong where they went to finalise a land deal, have been freed unharmed and the prime accused in the case arrested, police said.
Higher input cost is likely to weigh on Auto sector's Q4 numbers.
Companies, so far, were constrained by the provisions of Articles 370 and 35A, which restricted the purchase of land and hiring manpower.
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
Haryana plans 100-acre automobile village Auto Village proposes to have about 80 vehicle showrooms and workshops of all automobile brands
The first spending item on the chopping block is capital expenditure, followed by operating costs and overheads, including sales and marketing expenses.
Building houses and sending children abroad for higher studies is becoming common.
Neeraj Shekhar, son of late PM Chandra Shekhar with whom Chandraswami was closely linked, attended the cremation.
Official sources said the investigating officer of the case put across to him at least half-a-dozen statements of his alleged aides which form a purported "link" between him, absconding arms dealer Sanjay Bhandari, Bhandari's associates and others.
Tapas Bose from Kolkata sent us this interesting story about his Rajdoot 175cc.
The growth rate could continue for another seven years.
While Vadra was grilled for the first time for about five-and-a-half hours, he was questioned the second time for about 9 hours.
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.
PMO asked income-tax department to submit report on action taken against identified benami owners
Amit Mistry was a wicked actor, someone who could chance a broken arm, who could take deep dives, who could ram his head into walls, all without bothering about the outcome. And, as with that closing bit, the knowledge of where he might have arrived at eludes us now, observes Sreehari Nair.
The whole project smacks of cronyism and corruption
He was seen as one of former PM Rao's trusted aides and advisers.
This is the car major's second coming in India.
Vadra was directed by a Delhi court to cooperate with the investigation being carried out by the central probe agency after he knocked on its door seeking anticipatory bail in this case.
'Irrfan transcended celluloid and gave us a taste of his humility and humanity,' observes Sukanya Verma.
Bajaj Auto's margins are expected to expand 100 basis points, as volumes have recovered.
J Jagannath on how he expects to see the Trump effect at the Academy Awards.
Following are the names of some high-profile people who have been put behind the bars
Let Bihar be damned under its contradictions of having gone 'dry' and then having been submerged under flood, which is a recurrent phenomena? After all it is a godforsaken land, having lost its promises of overcoming its problems, says Mohammad Sajjad.
From auto to watches, the mood is sombre due to the alarming state of the Indian economy and value erosion in stock market capitalisation.
Vadra is expected to be questioned again on either Friday or Saturday.
The impact of the ban will not be limited to sales.
Roland Folger has told the ministries concerned that they are cutting India off from the rest of the world by making it a highly protected market, the Mercedes Benz India CEO & MD tells Ajay Modi.
The government imposed restrictions under Section 144 CrPC in Srinagar district.
'There are hundreds of items from Madhya Pradesh, Andhra, Rajasthan, Gujarat in Subhash Kapoor's loot. The Tamil Nadu Idol Wing wants to just prosecute Kapoor for three cases and close it. To me that's myopic.'
The unexpected presence of cops stunned Kaskar, as he asked them maine kya kiya hai?
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