Consumers planning to purchase a vehicle towards the end of this year may consider postponing their purchase as automakers may offer big discounts in February and March in an attempt to flush out old stock ahead of the shift to BS-VI fuel standards. According to...
Sanjay Kumar
Mahindra Jawa sold out till September, launch “soon”
Mahindra Jawa, the reincarnation of an old Polish motorcycle popular in the 1960s through the 80s, has been sold out till September 2019, company officials said, promising that the bike will be launched “soon”. “We are sold out till September 2019 based on the production...
Sharp drop in Indians going to the Gulf for employment
The number of Indians going to the Gulf region for employment has seen a sharp decline in the last three years, according to statistics from the ministry of external affairs. A total of 3.4 lakh Indians obtained emigration clearance in 2018 to go to the...
Strides Pharma Bangalore plant passes USFDA inspection with zero observations
Strides Pharma said the US Food & Drug Administration completed an inspection of the company’s primary manufacturing facility in India with zero adverse observations. The company’s formulations facility at KRSG Gardens in Bangalore was inspected by the USFDA for good manufacturing practices in August 2018...
Swaminarayan City Dombivali starts booking, price Rs 45 lakhs
Booking has started for the 550 flats at Swaminarayan City, a 148-acre complex built around the upcoming Swaminarayan temple in the Mumbai suburb of Dombivali, real estate consultant ANAROCK said. Built by the Swaminarayan religious group via Swaminarayan Life Space LLP, the project will primarily...
Tejas Networks agrees to mentor Kerala students, start-ups
India-based telecom equipment maker Tejas Networks said it has signed an agreement to set up a ‘center of excellence’ in Kerala to mentor students and start-ups in the state. The center will focus on training, skills development and mentoring of college students, young entrepreneurs and...
GST exemption raised to Rs 40 lakhs
The NDA government has given a major sop to tax payers by doubling the exemption limit for GST payment and compliance from Rs 20 lakhs per year to Rs 40 lakh. Under the earlier law, people and establishment providing goods and services worth more than...
Justice UU Lalit steps down from Ram Temple bench, new bench on Jan 29
Justice UU Lalit, who was part of a constitutional bench that was set up to hear the controversial Ram Temple Babri Masjid matter today, today recused himself from the bench hearing the matter. The judge withdrew himself after one of the advocates RK Dhawan pointed...
Maruti Suzuki car prices to go up by up to Rs 10,000 from today
Following the intimation given last month, Maruti Suzuki increased the prices of its cars by up to Rs 10,000 with effect from today. The price change is applicable “for select models owing to increase in commodity prices and foreign exchange rates etc,” said the automaker,...
Ayodha Ram Temple case hearing to start from Thursday
A five-judge bench headed by the chief justice Ranjan Gogoi will start hearing the Ayodhya Ram Temple dispute from day after tomorrow. The constitutional bench will also comprise judges NV Ramana and DY Chandrachud. It is not clear yet whether the hearing will done on...
Indian shrimp among most banned imports
Marine products, especially shrimps, are among the most restricted items of import from India, according to data released by the ministry of commerce and industry today. Four of India’s major export markets — Saudi Arabia, Kuwait, Canada and Australia — have restrictions on shrimp import...
Completion Certificate requirement to hit real estate sales – analyst
Last Week’s clarification by the Union Finance Ministry that GST exemption is available only for properties with completion certificate is likely to hit real estate developers, a prominent consultancy firm said. The ministry had last week said that buyers have to pay Goods & Services...
India’s Kaiga nuclear plant sets world record in operation
The Kaiga Atomic Power Station in Karnataka, developed using Indian technology, has set the world record for the longest uninterrupted operation. The 220 megawatt unit, operated by Nuclear Power Corporation of India Ltd, has produced power continuously for 941 days, breaking the world record of 940 days held...
Lupin gets FDA nod to launch generic Tecfidera
Pharma major Lupin said it got approval from the US Food & Drug administration to sell a generic equivalent to Biogen’s big-selling multiple sclerosis drug Tecfidera. Tecfidera has annual sales of $3.55 billion in the US, making it one of the biggest drugs in the market....
Jain Irrigation wins Rs 583-cr drip irrigation project in Karnataka
Jain Irrigation said it won a Rs 584 cr order to set up an integrated micro irrigation project in Karnataka. The Singatalur Lift irrigation project is being implemented for irrigating drought prone areas of Huvinahadagali Taluk of Bellary district, Gadag and Mundargi taluks of Gadag...
Tata Motors wholesales down 7% in November
The Tata Motors said global wholesales for the group for the month of November 2018, including Jaguar Land Rover, fell 7% on year to 104,964. Within this, commercial vehicle numbers fell by 6% and passenger vehicle numbers by 7%. Total CV wholesales, including Tata Daewoo,...
Olympia Group to construct mall at Eveready plot on Tiruvottiyur Road
Eveready Industries, one of India’s largest battery makers, said it has signed an agreement to sell its plot on Tiruvottiyur Road in Chennai to local real estate developer Olympia Group for Rs 100 cr. The agreement, said the battery maker, was executed yesterday with Olympia...
Maruti Suzuki car prices to increase next month
Maruti Suzuki, India’s largest car maker, said it will increase car prices next month due to increased costs. “Over the past year, the cost of company’s vehicles has been impacted adversely due to increase in commodity prices and foreign exchange rates, etc. “Hence, it has...
Hero MotoCorp renews partnership with Tiger Woods
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, said it renewed its ‘global partner deal’ with golf player Tiger Woods, originally inked in 2014. Hero Motocorp said it will be the title sponsor of the 2018 Hero World Challenge golfing tournament hosted by...
Inox Wind to offer 3 MW onshore wind turbines in India
Inox Wind, one of India’s leading wind energy equipment makers, said it will launch turbines with a capacity of 3 million watts (MW) each, 50% more than the typical, large turbine sold in India. The new turbines, to be launched in technical collaboration with US-based...