India News

PMO's suggestion to NHAI: Stop building roads, sell assets through an InvIT

The NHAI should discontinue constructing roads and encourage the private sector to take over the running of completed projects. These are two of the key suggestions that the Prime Minister’s Office has made to the National Highways Authority of India (NHAI).

In a letter dated August 17, Nripendra Misra, Principal Secretary to the Prime Minister, wrote to Sanjeev Ranjan, Secretary, Ministry of Road Transport and Highways, collating suggestions to improve the operational performance of NHAI.

Frankfurt Motor Show: The future of Hyundai’s electric vehicle design

At the forthcoming IAA Frankfurt Motor Show (September 10-22), Hyundai Motor will display the company’s focus towards the future direction of car design. Inspired by looking back at the brand’s first model in the 1970s, the ‘45’ fully-electric concept car will act as a symbolic milestone for Hyundai’s future EV design.

Jio vs Airtel vs Vodafone vs BSNL: Know offers on broadband and fibre plans under Rs 1,000

With JioFibre set to be launched on September 05, 2019, telecom players are revising their plans in a bid to maintain their share in the industry and hence increase their revenue despite continually losing their subscribers to the Reliance juggernaut.

And it is not just telecom companies who are doing this, DTH service Tata Sky too made an announcement this week offering free additional months of usage to its subscribers.

Ashok Leyland goes for more output cuts at Ennore plant

Hinduja group flagship Ashok Leyland has announced more production holidays at its Ennore plant (the mother plant) in Chennai.

After absorbing August 16 & 17 as non-working days (production holidays), the company has on Friday informed the employees that August 24 (Saturday), August 27 and August 30 as non-working days and August 26 will be a 6th day non-working day.

Maruti Suzuki recalls 40,618 units of WagonR

Maruti Suzuki will recall 40,618 units of its small car WagonR to rectify a possible issue of fuel hose fouling with metal clamp, reflecting yet another instance of growing recalls over the last few years. The recall campaign is for the vehicles fitted with 1-litre engine and manufactured between November 15, 2018 and August 12, 2019.

Sensex, Nifty may rally after FM’s economy booster; FPI relief and other key reforms for stock market investors

After FM Nirmala Sitharaman announced a slew of measures in a bid to calm the nerves of the investors, stock market experts say that the Sensex and Nifty may see a relief rally in the coming days. In what would come as a major relief to stock market investors, Finance Minister Nirmala Sitharaman on August 23 announced the abolition of tax surcharge on foreign portfolio investors (FPIs) as well as domestic investors.

FPI tax not the only reason behind selloff, says Sebi chairman Ajai Tyagi

SEBI Chairman Ajay Tyagi on Friday stated that the recent heavy sell-off in the markets was not solely due to gloomy market sentiments on account of enhanced surcharge on foreign portfolio investors’ (FPI) announced in the Budget but several other factors of the economy coupled with the general slowdown.

Underlining the measures taken (by the government) to contain the further selloff, he said, “There are other reasons pertaining to the economy. Corporate earnings are not improving and there is a general slowdown (in the economy).