NEW DELHI: Maruti Suzuki on Tuesday rolled out a series of austerity measures for employees and business partners, to formally respond to Prime Minister Narendra Modi’s call to conserve fuel and reduce foreign exchange spending amid the ongoing West Asia conflict.In a post on X, the country’s largest carmaker said management should conduct business in…
BENGALURU/NEW DELHI: The Congress leadership veered towards a change of guard in Karnataka, amid indications that CM Siddaramaiah has been offered an honourable rehabilitation including possibly a Rajya Sabha berth as part of smooth leadership transition in the state.On a day Siddaramaiah and his deputy and claimant for his post DK Shivakumar met over six…
MUMBAI: Tata Sons chairman N Chandrasekaran presented a three-year roadmap to narrow losses in the company’s new businesses at a marathon board meeting on Tuesday, even as his reappointment remains unresolved.The meeting, held at Tata Group headquarters Bombay House, covered three of the businesses – Air India, Tata Digital and Tata Electronics – reflecting the…
NEW DELHI: The new index of industrial production (IIP) series, having 2022-23 as base year, is set to track for first time the output of rare earths and minor minerals, piped natural gas (PNG), water supply, sewerage and waste management — the Technical Advisory Committee (TAC) constituted to undertake base year revision under IIM Kozhikode…
CHENNAI: JK Tyre has announced one of the largest capacity expansion programmes among Indian tyre manufacturers, despite concerns over the impact of the West Asia crisis on raw material prices. The company has earmarked Rs 4,980 crore to expand the capacities of its truck and bus radial (TBR) and passenger car radial (PCR) tyre businesses…
NEW DELHI: With cow slaughter banned by legislations in all states, except Kerala and some in the north-east, an advocate on Tuesday requested SC for an urgent hearing prior to Eid, which falls on May 28, for a direction to states to strictly enforce the laws.Advocate Barun Kumar Sinha sought an urgent hearing on a…
MUMBAI: Cash logistics companies, which replenish ATMs, have approached banks seeking measures to offset a sharp rise in operating costs, warning that a combination of fuel inflation, wage hikes and compliance expenses could push industry costs up by 15-20% in the near term. An increase in fees is likely to require a revision in ATM…
MUMBAI: Sebi is pushing ahead with bond market reforms with plans for bond tokenisation pilots and a new regulatory framework for debt brokers, as it seeks to deepen corporate debt markets beyond their current narrow base of issues and investors. The regulator is looking at easing disclosure norms for debt-only issues.Noting that financing for business…
NEW DELHI: After struggling for three years, acid attack survivor, 28-year-old Reshma Qureshi, has finally won a hard-fought battle to get the authorities to conduct a reassessment of her disability, taking into account the damage caused by the lethal acid thrown at her more than 12 years ago by her brother-in-law during an ongoing marital…
NEW DELHI: In a move aimed at strengthening the electronic warfare capabilities of the IAF’s workhorse fighter jets, the defence ministry has issued a request for proposal (RFP) to upgrade the Su-30MKI fighters with a state-of-the-art anti-jamming, anti-spoofing multi-constellation global positioning system (GPS) antenna.Jamming and spoofing are part of electronic warfare. Under jamming, the signal…