Bengaluru, May 1 (PTI) The government will review norms of the design linked incentive (DLI) program which envisages to support 100 companies involved in product design in the semiconductor space as part of a Rs 76,000 crore scheme for developing the electronic chip ecosystem in the country, Minister of State for Electronics and IT Rajeev [...]
Bhubaneswar, May 1 (PTI) The Odisha government hiked the variable dearness allowance (VDA) to be paid along with minimum daily wages for all categories of workers.The VDA for the workers engaged in 89 scheduled employments will be revised with effect from April 1, said a notification issued by the Labour Commissioner on Saturday evening.The unskilled, [...]
Islamabad, May 1 (PTI) Saudi Arabia has agreed to provide Pakistan with a "sizeable package" of around USD 8 billion to help the cash-starved country bolster dwindling forex reserves and revive its ailing economy, a media report said on Sunday.Pakistan has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account [...]
New Delhi, May 1 (PTI) Hyundai Motor India on Sunday reported a 5 per cent decline in total sales at 56,201 units in April 2022. The company had sold 59,203 units in the same month last year, Hyundai Motor India Ltd said in a statement. Domestic sales were down 10 per cent to 44,001 [...]
New Delhi, May 1 (PTI) A committee appointed by regulator IRDAI has suggested over a dozen low-cost "micro insurance" modules with a view to expand protection plans for uncovered population and small businesses. The committee has suggested that the insurers should be allowed to adopt a modular approach using various permutations and combinations for Combi [...]
New Delhi, May 1 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 6 per cent decline in total wholesales to 1,50,661 units in April.The company had dispatched 1,59,691 units to dealers in April 2021, MSI said in a statement.Last month, the company's domestic sales slipped 7 per cent to 1,32,248 [...]
Tata Motors on Sunday said its total sales increased by 74 per cent in April to 72,468 units compared to 41,729 in April 2021. The company's domestic sales increased by 81 per cent to 71,467 units from 39,401 units in April 2021, Tata Motors said in a statement. Total passenger vehicle dispatches to dealers rose [...]
New Delhi, May 1 (PTI) New age insurer Go Digit General Insurance (Digit) has crossed Rs 5,000 crore-mark in gross written premium in FY22, driven by higher demand from motor, property and health segments.With over four-year of operations, the Bengaluru-headquartered insurtech is backed by Canadian billionaire Prem Wasta's Fairfax Financial Holdings through its parent company [...]
New Delhi, May 1 (PTI) Stating that ensuring adequate fuel supply to thermal power plants is its "priority", public sector miner Coal India has asked its employees to step up efforts and breach the production and offtake target of 700 million tonnes for FY23. In a letter to the employees of Coal India Limited (CIL), [...]
Colombo, May 1 (PTI) Sri Lanka's beleaguered President Gotabaya Rajapaksa on Sunday urged all political parties to set aside their differences and appealed to the protesting citizens to join hands to steer a "pro-people struggle", amidst growing demands for his government's immediate resignation over its failure to tackle the country’s worst economic crisis. His message [...]
Benchmark indices BSE Sensex and the NSE Nifty 50 ended nearly 1% lower on Friday after erasing all opening gains. The Sensex dived 0.8% or 460 points to settle at 57060.87, while the Nifty 50 plummeted 0.83% to finish trade at 17,102. There was heavy turbulence in the market due to fears of a global [...]
Tata Motors is looking to drive in a range of electric vehicles across various price points with multiple body styles and features in order to cater to a wide range of customers across segments, as per a top company official. The homegrown auto major, which currently leads the domestic electric passenger vehicle segment by a [...]
New Delhi, May 1 (PTI) Salasar Techno Engineering will invest Rs 100 crore to expand its business, the company's joint managing director Shashank Agarwal said. While Rs 50 crore is to be invested to set up a fabrication unit at Bhilai, another Rs 50 crore is to be utilised in putting up a galvanising plant, [...]
New Delhi, May 1 (PTI) IRS officer Sangeeta Singh has been given the additional charge of CBDT chairperson after incumbent J B Mohapatra retired as the head of the direct taxes administration body on April 30.An order issued by the Union Finance Ministry on Sunday said Singh, a 1986-batch officer of the Indian Revenue Service [...]
New Delhi, May 1 (PTI) Amid multiple cases of electric two-wheelers catching fire, Road Transport and Highways Secretary Giridhar Aramane on Sunday said each and every incident will be probed and asserted that the Indian EV industry is bound to prosper and grow beyond 'our imagination'.Aramane further said the Ministry of Road, Transport and Highways [...]
Road Ministry achieves asset monetisation of about Rs 21k cr in FY22 as part of Centre's National Monetisation Pipeline: Transport Secy. PTI BKS ABM BAL
Each incident of electric vehicles catching fire will be probed; Indian EV industry bound to grow beyond our imagination: Transport Secy. PTI BKS ABM BAL BAL
New Delhi, May 1 (PTI) Skoda Auto India on Sunday said its sales surged by over five-fold in April to 5,152 units compared to 961 units in the year-ago period."It is heartening to see that a sedan is helping us climb peak after peak in sales. The Slavia is a resounding success, while the Kushaq [...]
New Delhi, May 1 (PTI) Toyota Kirloskar Motor (TKM) on Sunday said its dispatches to dealers rose by 57 per cent in April to 15,085 units from 9,600 in the same month last year.In April, the company also achieved a significant milestone of clocking cumulative wholesales of over two million units since its inception."Demand continues [...]
New Delhi, May 1 (PTI) Realty major Macrotech Developers is in an advanced stage of discussion with two global investors to set up a platform that will invest more than USD 1 billion to develop warehousing and industrial parks across India, a top company official said.In an interview with PTI, Macrotech Developers Managing Director (MD) [...]
