Foreign money to give infra cos a lift
Infrastructure should get a significant boost from the reforms to ease foreign investments, likely enhancing the prospects of companies such as Larsen & Toubro, KNR Construction, UltraTech Cement, and DLF. The budget proposes to increase infrastructure allocation to Rs 5.
Budget 2021: Foreign money to give infra cos a lift
Infrastructure should get a significant boost from the reforms to ease foreign investment...
Kamra doesn’t apologise to SC; says constitutional, judicial offices not immune from jokes
In his affdaivit Kamra goes on to say “To believe ...
Contempt case against comic artist: SC says criticism growing, everybody doing it now
A bench of Justices Ashok Bhushan, R S Reddy and M R Shah was informed by advocate Nishant Kanteshwarkar that the comedian's reply has been received and the matter be listed on non-miscellaneous day after two weeks.
How China’s loss is turning out to be India’s gain as major auto OEMs shift base
China’s auto-parts industry is still gargantuan at $550 billion, against India’s $50 billion. But two recent trends suggest India can narrow this gap if the right initiatives are taken quickly. First, global automotive players and tier-1 suppliers are increasingly talking about the “China Plus One” model — a strategy to diversify geographically. Second, and more significantly, at least 30 international purchasing offices — offshore outfits that procure parts — have now become active in India, from 8-10 earlier.
Container shortage may hurt auto industry with over $3 billion of cost overruns
The situation has led to cost overruns and loss of revenue for exporters. Executives ET spoke with estimate cost overruns in the component industry to be $1-1.5 billion (Rs 7,400-11,100 crore) a month in the quarter starting January, though some expect the situation to improve by the end of next month.
SC issues show-cause notices to Kunal Kamra, Rachita Taneja in contempt cases
The Supreme Court issued show-cause notices to comedian Kunal Kamra and comic artist Rachita Taneja on Friday for their alleged scandalous tweets against the apex court.
SC to decide on Friday plea to initiate contempt against comic artist Rachita Taneja
A bench comprising Justices Ashok Bhushan, R Subhash Reddy and M R Shah on Thursday took note of the fact that Attorney General K K Venugopal has consented to the plea filed by law student Aditya Kashyap against the comic artist.
Tractor makers hope to ride on festive demand for sales growth
The country’s largest tractor maker, Mahindra & Mahindra, which managed 100% capacity utilisation a few times in June and early July along with rivals Tafe, Escorts and Sonalika, said it was on path to improved sales from August to December driven by positive sentiments.
Auto component suppliers may derail companies’ plan to restart output
While some automakers have already placed product planning orders with suppliers, availability of parts could become a challenge.
Jet Airways CEO, 3 CXOs quit
The exit of the two top executives come amid the lenders struggling to find a buyer for the airline.
Make in India: Five Indian auto component suppliers set to make it to the global top 100 list
Most Indian suppliers pursued an 'operational excellence' agenda. A few focused on international growth, and have performed much better.
Hero MotoCorp's Brijmohan Lall Munjal: The long-haul man of India Inc
Human values have been at the core of the business philosophy of Brijmohan Lall Munjal, who recently stepped down from active roles at Hero MotoCorp.
Shriram Pistons & Rings MD & CEO Ashok Taneja shares top 5 learning from slowdown
The past two-years have been tough for the entire automotive industry. Component makers faced an uneven demand. Commercial Vehicle segment demand shrank to the lowest while two-wheelers demand remained steady.
Coal Block allocations: Government threatens to take back mines
These blocks, which are finite and restricted resources, were given free to private companies between 2006 and 2009 for captive use.