Maruti Suzuki India (MSI) wants the government to reconsider the proposal to make six airbags mandatory in passenger vehicles, saying the norm will adversely hit the already shrinking small car market and may even impact jobs in the auto sector going ahead. The auto major noted that the regulation would largely impact the cost-sensitive … Read more
Gujarat Co-operative Milk Marketing Federation Limited (GCMMF) that sells products under the Amul brand has forayed into organic whole wheat flour, and plans to expand the range to include organic pulses and rice, the cooperative said on Saturday. “The prime objective of launching Organic Atta is to help our customers embark on a mission to … Read more
‘Batteries are developed using agro-waste such as rice straw and cattle manure’ Indi Energy, a start-up working on battery technology, said its indigenously developed Sodium-ion batteries are the answer to curbing the cases of fire accidents involving electric vehicles (EVs) in the country. “We believe in a sustainable tomorrow and with this vision, we have … Read more
South Korean consumer electronics major LG is targeting for a 32 per cent share of the Indian TV market in 2022, with a gain of around 5 per cent to become the number one player in the segment, a top company official said. The company is banking on its country-specific product line-up with local insights, … Read more
Digital health platform MFine has become the lastest venture capital backed startup to lay off its staff due to a lack of funds to pay salaries, two former employees at the firm said. Bengaluru-based MFine, operated by Novocura Tech Health Services Pvt Ltd, has laid off over 50% of its staff, one of the employees … Read more
Reserve Bank of India (RBI) on Friday said its board has approved a dividend payment of Rs 30,307 crore to the government for the financial ended March 2022. The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk … Read more
The Supreme Court said on May 19 that the GST council’s recommendations were not binding on the Union and states. However, they do have a persuasive value because of the country’s cooperative federal structure. A bench of Justices DY Chandrachud, Surya Kant, and Vikram Nath also stated that the Centre and states had concurrent rights … Read more
The Union Cabinet Wednesday empowered the boards of public sector enterprises (PSEs) to recommend and undertake disinvestment or closure of the parent’s subsidiaries, units and stakes in joint ventures. The move is expected to give PSEs more power and autonomy to decide on disinvestments of their own units, in line with the new PSE policy … Read more
Indian billionaire Gautam Adani became the richest person in Asia this year. Now, a vast empire-building exercise is making him one of the region’s busiest dealmakers. A $10.5 billion pact announced Sunday to buy the Indian operations of Swiss building-materials firm Holcim Ltd., capped a run of some 32 acquisitions for Adani the past year, … Read more