New Tamil Nadu plant to power JLR’s ambitions in India

CHENNAI: Strengthening India’s capabilities in premium vehicle manufacturing, Tata Motors Passenger Vehicles and its subsidiary Jaguar Land Rover Automotive Plc (JLR) have inaugurated a new greenfield facility at Panapakkam in Tamil Nadu. Located about 80km from Chennai, the plant is expected to emerge as a key assembly hub for JLR, which currently assembles its vehicles…

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Industry split, govt reviews import policy on refurbished med devices

NEW DELHI: As India pushes ahead with bilateral trade agreements, the issue of importing refurbished medical equipment has emerged as a contentious flashpoint in the medical devices sector. Domestic players have warned against easing restrictions, flagging patient safety risks and concerns over unfair competition, while MNCs are advocating a globally-aligned framework to allow wider access…

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Proxy advisory firm flags ‘crisis’ at Zee Ent, co rejects claims

MUMBAI: Shareholder advisory firm InGovern has turned up the heat on Zee Entertainment Enterprises, calling for the appointment of a professional managing director, a forensic audit of related-party transactions, and other governance reforms. InGovern said Zee is witnessing a deepening crisis of confidence, with promoters exercising substantial operational control despite holding a stagnant equity stake…

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India-Seychelles ties: PM Modi announces $175 million economic package; focus on maritime, development cooperation

India on Monday announced a $175 million development assistance package for Seychelles after Prime Minister Narendra Modi held wide-ranging talks with the island nation’s President Patrick Herminie, with the two sides outlining a joint vision to expand bilateral engagement across sectors. The development was announced following the Modi-Herminie meeting, which also saw the signing of…

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India adopts quota-based auto duty cuts, alcohol tariff relief under US pact; export access widens

Benchmarking its market access strategy to product sensitivity, India will grant quota-based duty concessions in the automobile sector while offering market access to alcoholic beverages under tariff reduction and minimum import price-based formulations under the trade pact with the United States, the government said on Monday, PTI reported. Under the agreement, tariffs on $30.94 billion…

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