New Delhi, Jan 26 (PTI) The production-linked incentive (PLI) scheme for the automobile sector aims to provide impetus to a greener future and is also expected to make the industry self-reliant and globally competitive, automaker Toyota Kirloskar Motor said on Wednesday. The company, which is a joint venture between the Japanese Toyota Motor Company and [...]
New Delhi, Jan 26 (PTI) Drug major Cipla on Wednesday said Naina Lal Kidwai has resigned as independent director on its board, with effect from March 31, 2022. In a letter shared by the Mumbai-based drug firm, the veteran banker noted that she has put in her papers to fulfil several other responsibilities and professional [...]
New Delhi, Jan 26 (PTI) Realty firm Macrotech Developers saw a "minor" impact on housing demand in the first two weeks of January this year due to surge in COVID cases and remains confident of meeting the Rs 9,000-crore sales bookings target for this fiscal, its MD & CEO Abhishek Lodha said. Macrotech Developers markets [...]
New Delhi, Jan 26 (PTI) India has initiated an anti-dumping probe against imports of a certain type of tiles, used for covering the floors in residential and commercial buildings, from China, Taiwan and Vietnam following a complaint by domestic players. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged [...]
The Indian government is likely to hand over Air India to the Tata Group on Thursday, nearly 69 years after it was taken from the conglomerate, officials said on Wednesday. After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited - a subsidiary of the [...]
Mumbai, Jan 26 (PTI) Bharat Forge-backed electric two-wheeler maker Tork Motors on Wednesday said it has launched its electric motorcycle KRATOS, along with a variant KRATOS-R, priced at Rs 1.08 lakh and Rs 1.23 lakh (effective ex-showroom Pune post subsidy) respectively. The company said bookings of KRATOS can be made online through its website and [...]
New Delhi, Jan 26 (PTI) Metals and mining group Vedanta Ltd will announce the contours of a proposal to spin off key businesses into separate listed companies by March-end, its chairman Anil Agarwal said, as he looks to simplify and streamline the corporate structure to create value. While the zinc business is already housed in [...]
New Delhi, Jan 26 (PTI) The government on Wednesday said the Ministry of Coal, through its CPSEs, has registered a 28.33 per cent year-on-year growth in capex achievement at Rs 12,605.75 crore for the period ending December, 2021. The Ministry of Coal, through its Central Public Sector Enterprises (CPSEs), had registered a capex achievement of [...]
New Delhi, Jan 26 (PTI) Liquor industry bodies CIABC and ADBVI have approached the NCLAT alleging abuse of dominant position by the Kerala State Beverages (Manufacturing and Marketing) Corporation in the state. The Confederation of Indian Alcoholic Beverage Companies (CIABC) and Association of Distillers Brewers and Vintners of India (ADBVI) have challenged an earlier order [...]
New Delhi, Jan 26 (PTI) Tata Consultancy Services (TCS) has become the second most valuable brand in the IT services sector globally, while Infosys and four other Indian tech majors have firmly established their position among the top 25 IT services brands tally, according to Brand Finance. Following TCS and Infosys (third spot), there are [...]
