Arvind Q3 indicates COVID-19 recovery not complete

Third-quarter results from textiles and garments maker Arvind Ltd indicated that the economic recovery from the COVID-19 pandemic has been far from uniform across all sectors of industry. While certain segments, such as two-wheelers and electrical equipment, have bounced back or even exceeded their pre-COVID levels, there are still others like textiles, retail and hospitality […]

BEML gets mega truck order from MoD

BEML Ltd, formerly Bharat Earth Movers, said it received an order worth Rs 758 cr to supply ‘high mobility’ vehicles to the ministry of defence, Government of India. The vehicles would take the shape of armoured fighting vehicles, and trucks for moving troops, ammunition and stores to far-flung, difficult terrains in operational areas, the equipment […]

NPCIL orders BHEL equipment for local-tech nuclear plants

As part of a plan to double India’s nuclear power capacity by setting up 10 nuclear plants using indigenous technology, a government agency has put in purchase orders for more ‘reactor header assemblies’. The order for the ten reactor header assemblies has been won by public sector unit Bharat Heavy Electricals Ltd. Reactor header assembly […]

STEEL PRICES: Mahindra increases tractor prices, autos next?

Mahindra & Mahindra, one of India’s largest makers of tractors, said it plans to increase the prices of its tractors from January 1 to offset increasing commodity prices. “Details of the price increase across different models will be communicated in due course,” it said. The move comes in the wake of record sales of tractors […]

Tejaswi Yadav raises questions on Bihar vote counting

Tejaswi Yadav, leader of opposition in the Bihar legislative assembly, today raised questions about the way the votes were counted two days ago. In particular, Yadav raised questions about the way postal votes were treated by returning officers in several constituencies. “Our vote share was 37.2% and NDA’s vote share was 37.3%,” Yadav said in […]

Hero to develop Harley Davidson bikes for India

Hero MotoCorp said it has signed an agreement to co-develop and sell “a range of premium motorcycles” with iconic US motorcycle maker Harley Davidson. The announcement comes a month after Harley Davidson decided to exit the Indian market due to poor sales. The company had been selling over 10,000 units per year during the peak […]

Tech Mahindra invests $3 mn in fast-growing US tele-medicine startup

Tech Mahindra, one of India’s to six IT service providers, said it has invested $3 million, around Rs 23 cr, in a fast-growing tele-medicine start-up based in Plano, Texas. The Indian company, which gets a 6% stake in exchange for the investment, has an option of raising its stake to 14% by January 2021 by […]

Carvaan gets a kids edition with stories & rhymes

Record label Saregama India has launched Carvaan Mini Kids, the kids edition of its extremely successful Saregama Mini ‘radio’ product with built in digital audio content. Unlike Carvaan and Carvaan mini, which come with popular songs and similar content for adults, the Carvaan Mini Kids — priced at Rs 2,990 — comes with rhymes, stories […]

Indian Railways passenger traffic falls 99% due to COVID-19

India’s train passenger numbers are down nearly 99% for the five months from April to August, while freight volumes are down only 13% during the same period, Railway Minister Piyush Goyal said today. “Owing to the discontinuance of passenger services after the introduction of the lockdown to contain COVID-19 pandemic, upto the end of August, […]

Rs 433 cr collected as fare for Shramik Trains: Indian Railways

Ministry of Railways, Government of India today said Indian Railways collected Rs 433 cr from the nearly 63 workers who were mass-evacuated using Shramik Special trains during the COVID-19 lockdown. However, it maintained that it did not charge the workers any money, and the amount was collected from those who organized Shramik trains — primarily […]

Maruti Suzuki ties up with IIM-B to scout for auto-tech start-ups

Maruti Suzuki India said it has tied up with NS Raghavan Center Entrepreneurial Learning at IIM Bangalore to scout out start-ups in the automobile sector. Maruti Suzuki, India’s biggest carmaker, will look for technology-based innovations that can be applied in the mobility sector. Among the focus areas will be digital, data and AI/ML in the […]

COVID-19 hurts IRCTC’s plans; Ticket sales still down 77%

The Indian Railway Catering and Tourism Corporation, which sells about 73% of India’s reserved railway tickets, said ticket sales continue to be down by about 77%-78%; almost a month-and-a-half after long-distance trains were restarted. “Pre-COVID, we were doing 60 cr rupees worth of tickets a day,” said IRCTC CMD MP Mall. “Now, it’s 13-14 cr.” […]

Uttar Pradesh completes evacuation of migrant workers

The Uttar Pradesh government has completed the task of bringing back stranded and jobless migrant workers from various places like Mumbai, Delhi and Gujarat, chief minister Yogi Adityanath said today. “The whole country is grateful [for the way in which] decisions were taken by the Prime Minister during the global pandemic, and for the systematic […]

Maharashtra not to open religious places, saloons, malls, trains or flights

Maharashtra, one of the states worst affected by the COVID-19 pandemic, has decided not to pass on most of the relaxations allowed by the central government as far as the Coronavirus lockdown 5.0 is concerned. Key among the relaxations that WILL NOT not be allowed in Maharashtra are the opening of religious places of worship, […]