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Daimler India exports over 35,000 commercial vehicles, 150 million parts

India is the fifth most important market for Daimler trucks, with DICV serving not only the growing domestic demand but also more than 50 export destinations across the globe including markets in Africa, Asia, Latin America,

Avendus Capital sees scope of growth for D2C brands

New age direct-to-consumer (D2C) brands could have a $100-billion addressable market by 2025. Avendus Capital, which has done a deep dive into this segment, said that low brand penetration and high customer reach provide sign

Nissan to cut fixed cost, refrain from excessive sales expansion for steady growth

Magnite is the auto company’s first product under the Nissan Next strategy that focusses on the 'Make-in-India, make for the world' initiative, and will be introduced in the second half of FY 2020-21. With this launch, Niss

We will increase investor protection fund soon, says Ajay Tyagi

The Sebi is examining the investor protection fund (IPF) and would soon increase it, chairman Ajay Tyagi said. At the CII Financial Markets Summit, he also explained the reason behind the 10% cap on single stock investment by

Fund-raising: Sebi chief pitches for diversification

‘Financial sector is largely dominated by bank lending, but there is an urgent need to diversify this by facilitating fund-raising through capital markets’

Innovation catalyst: Public cloud in the public sector

Niti Aayog-AWS cloud centre to focus on innovation in agriculture, healthcare, and skill development

LIC launches New Jeevan Shanti deferred annuity plan

The annuity rates are guaranteed at the inception of the policy and annuities are payable post deferment period throughout the life time of annuitants.

India’s biggest passenger ropeway to commission in Gujarat on Saturday

Gujarat is all set to house India’s biggest and one of the largest passenger ropeway projects in Asia constructed on Mount Girnar, the tallest mountain of the state.

Monetary & fiscal policies counter cyclical, accommodative: RBI governor Shaktikanta Das

Das was speaking at the launch of veteran bureaucrat NK Singh’s new book ‘Portraits of Power’.

Independent directors quitting over governance issues should state it clearly: Sebi

Sebi chairman Ajay Tyagi on Wednesday said independent directors resigning over governance concerns should come forward and state the same clearly to the public at large.

Road to Revival: More stimuli soon to lift economy, says DEA secy

PLI scheme to be extended to more sectors, budget capex being pushed, asset monetisation in focus

I hope you have sought legal recourse to recover your money from the builder.

Uday Kotak suggests capital adequacy-based framework for stock brokers

Veteran banker and president of the Confederation of Indian Industry (CII) Uday Kotak on Wednesday suggested four reforms to markets regulator Securities and Exchange Board of India (Sebi).

Par panel on labour seeks quick decision on enhanced pension

The parliamentary standing committee on labour on Wednesday asked the government to take decision expeditiously on enhancing the monthly minimum pension under the employees’ pension scheme, 1995 run by employees’ providen

UltraTech Cement’s Q2 profit surges over twofold to Rs 1,234 crore

UltraTech Cement's consolidated net profit more than doubled to Rs 1,234 crore on a year-on-year (y-o-y) basis for the quarter ended September 30, on the back of operational efficiencies and lower finance cost.

Festival bonanza: Bonus to govt staff to cost Rs 3,737 crore

Ahead of the festive season, the Cabinet on Wednesday decided to pay productivity-linked (PL) and ad-hoc bonuses immediately to nearly 31 lakh non-gazetted government/ public undertakings staff for FY20, a move that involves

performance, non-performance-linked bonus for 30 lakh Central Government Employees

StanChart GBS leases 7.7 lakh sq-ft at DLF’s Chennai project for office campus

Leading real state developer DLF has inked an anchor deal with Standard Chartered GBS under which the multinational firm is leasing 7.7 lakh sq-ft at DLF Downtown in Chennai, to set-up its largest office establishment globall

Kerala to fix MSP for veggies & fruits, among 16 crops, from November 1

The Kerala government on Wednesday decided to fix a minimum support price (MSP) for vegetables and fruits as part of its decision to support farmers and boost the agricultural sector.

Coal India production growth no longer in negative territory

Coal India (CIL), which has been clocking negative growth in production during this fiscal, has been able to neutralise it for the first time.

Setting floor price for telecom tariffs to be good for sector: DUG to Trai

A public policy think tank for digital users in India has said setting a floor price for telecom tariffs is a good option to improve the health of the sector so that the operators provide quality service to consumers and inve

In order to allow use of Aadhaar by private entities like banks and telecom operators on voluntary basis, the government in July 2019 had passed the Aadhaar Amendment Bill.

Bajaj Finance Q2 net falls 36% on higher provisioning

Bajaj Finance, a non-banking finance company, on Wednesday reported a steep 36% year-on-year fall in net profit to Rs 965 crore for the quarter ended September on higher loan losses, provisioning and a drop in new loans booke

Centre plans to sell 15% stake in Rail Vikas Nigam via offer for sale

The Centre holds 87.84% of the equity in the company after disinvesting 12.16% through the public issue in April 2019.

The company, which was created as an arm of railways with the twin objectives of raising extra-budgetary resources and implementation of projects, posted a net profit of Rs 790 crore in FY20.

Ather Energy rolls out buyback program: 450 Plus electric scooter now cheaper by this much

Ather’s subscription plans have also been made more flexible. It now offers four independent packs that the customer can choose from based on their usage, starting at Rs 125 per month.

Make in India: Mercedes-AMG cars to be locally manufactured, could be cheaper by Rs 20 lakh

Mercedes-Benz India MD & CEO Martin Schwenk said the decision to locally produce AMG in India underlines Mercedes-Benz’s clear road map for the Indian market and the long-term commitment to Indian customers.

2021 Mercedes-AMG GLC 43 Coupe Made In India

Strong response for 5th round of highway monetisation programme through TOT

Close on the heels of annulling the fourth bundle, presumably due to lack of investors’ interest, investors’ response for the fifth TOT should cheer the NHAI.

Under the fifth round of TOT, NHAI is offering for a 20-year lease period two bundles with a total length of 159.5 km.

Unsuccessful delisting: Moody’s puts Vedanta under review for downgrade

The review, it said, follows an increase in refinancing risk and significant funding needs at the holding company level following Vedanta Resources' failure to acquire the balance shareholding in key subsidiary Vedanta Ltd th

“The ratings outlook was changed to ratings under review from negative,” Moody's said in a statement.

Urban unemployment was moderating in year through September 2019

Urban unemployment in the age group 15-29 years was 20.6% in July-September 2019, as compared to 21.6% in the previous quarter and 23.1% in the year-ago period.

Overall, in the urban areas, the WPR stood at 33.7% in July-September 2019 compared with 32.9% in April-June 2019 and 32.6% in July-September 2018.

Indians not saving enough for retirement: Survey

These figures underline how Indians may be willing to fund their retirement corpus from surplus income, but are less likely to do so by sacrificing current expenses.

Additionally, barely one in five Indians consider inflation while planning for retirement and 41% of respondents said they had channelled their retirement investments on life insurance while 37% preferred fixed deposits.
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