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Unsoo Kim, MD & CEO, Hyundai Motor India Ltd. File | Photo Credit: Kamal Narang Hyundai Motor India Limited (HMIL) said it has signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets related to General Motors India (GMI)’s Talegaon Plant in Maharashtra. Unsoo Kim, Managing Director and CEO of Hyundai…
Petrol sales fell 8 per cent to 1.19 million tonnes in the first fortnight of August 2023, when compared with the same period last year. File photo | Photo Credit: Nagara Gopal India’s petrol and diesel consumption fell in the first half of August from the previous month and a year ago, as monsoon rains…
Read More “Petrol, diesel sales fall in August as rains ebb demand” »
Pedestrians and shoppers walk past a branch of fashion retailer H&M. The brand is investigating cases of labour abuse at its factories in Myanmar | Photo Credit: Reuters H&M is following up on 20 alleged instances of labour abuse at Myanmar garment factories that supply the world’s second-largest fashion retailer, just weeks after top rival…
Read More “H&M probes Myanmar factory abuses as pressure intensifies” »
File. | Photo Credit: VIVEK BENDRE Benchmark equity indices declined in early trade on August 16 amid weak global market trends and continuous foreign fund outflows. The 30-share BSE Sensex fell 369.03 points to 65,032.89. The NSE Nifty declined 117.35 points to 19,317.20. From the Sensex pack, Bajaj Finance, HDFC Bank, IndusInd Bank, Tata Motors,…
Read More “Sensex, Nifty fall in early trade on weak global trends, foreign fund outflows” »
ISRO released on August 16 a new image of the moon captured by the Chandrayaan-3 spacecraft. | Photo Credit: special arrangement After being together for 34 days onboard the Chandrayaan-3 spacecraft, the propulsion module and the lander module will part ways on August 17 and embark on their respective journeys. “It’s time for preparations as…
Read More “Chandrayaan-3 takes another crucial step closer to moon” »
Photo: SPECIAL ARRANGEMENT A new-to-science cryptic amphibian has given violence-hit Manipur something to cheer about amid bloodshed and gloom. A team of scientists trekked to the Khongtheng mountain range in 2022 to uncover the mysteries of the Tylototriton verrucosus, commonly called crocodile newt, whose members had long confused even the most experienced of herpetologists. They…
Mahindra Tractors, a part of the Mahindra Group on August 15 launched, what it terms as ‘future-ready’ range of tractors – the Mahindra OJA – at Futurescape, an event held In Cape Town. The new OJA range, the company said brings about a transformative shift in Light Weight Compact 4 wheel drive (WD) Tractor design…
Read More “Mahindra unveils light weight compact tractors” »
Representational image only. The government has hiked the windfall profit tax on crude oil produced in the country and on export of diesel, while bringing back the levy on overseas shipments of ATF. The tax, levied in the form of special additional excise duty, on domestically produced crude oil has been raised to ₹7,100 per…
SpiceJet aircrafts prepare for landing and take-off at the airport in Mumbai. File | Photo Credit: Reuters Budget airline SpiceJet on Monday reported a net profit of ₹197 crore for the quarter ended June 2023 as compared with a loss of ₹783 crore during the same period the earlier year. For the same comparative period,…
Read More “SpiceJet reports net profit of ₹197 crore in Q1” »
A scene at wholesale vegetable market Azadpur Mandi, in New Delhi. File | Photo Credit: Sushil Kumar Verma Retail inflation resurged in July to hit 7.44% from 4.87% in June, with consumers facing a sharp 11.5% spike in food prices. This is the highest pace of retail inflation since April 2022 and the first time…
