TOKYO: After being on the fringes for years, Japan’s Honda is charting an aggressive comeback with the launch of as many as ten new cars, including seven SUVs.Honda Motor Co president and CEO Toshihiro Mibe is pivoting the automaker’s global strategy towards India, announcing a dedicated project team, a renewed EV and hybrid plan, and…
NEW DELHI: American automaker Ford is returning to India, but this time to manufacture engines and not cars. The company on Friday said it will invest Rs 3,250 crore to produce new generation engines at its Chennai plant.The automaker, which exited the Indian market in 2021, said it has signed a memorandum of understanding with…
Bank of Baroda Bank of Baroda MUMBAI: Public sector banking major Bank of Baroda on Friday said that its net profit for the quarter ended Sept 30 was Rs 4,809 crore, down 8% from Rs 5,239 crore reported during the same period of the previous fiscal. The slide in profits was due to lower income…
Months after US President Donald Trump settled a $16 million lawsuit with CBS News, he is set to return to “60 Minutes” this Sunday, marking his first appearance on the programme since the dispute.CBS confirmed that Norah O’Donnell conducted the interview at Mar-a-Lago on Friday. The network has, however, not disclosed how this week’s interview…
MUMBAI: India’s foreign exchange reserve dipped by nearly $7 billion to $695.4 billion during the week ended Oct 24, Reserve Bank of India data showed. Of the total, foreign currency assets were worth $566.5 billion (down $3.9 billion on the week), gold was worth $105.5 billion (down $3 billion), SDRs were worth $18.7 billion (down…
MUMBAI: The Rs 1,668-crore IPO for Orkla India, the Indian arm of the Norwegian conglomerate, was subscribed nearly 49 times at close of bidding on Friday.Data from BSE showed that while the institutional part was subscribed almost 118 times, the portion reserved for high networth investors (HNIs) was subscribed 54 times. Data also showed that…
NEW DELHI: Maruti Suzuki India on Friday reported an 8% rise in consolidated net profit to Rs 3,349 crore for the second quarter ended Sept 30, driven by robust exports growth.The company had posted a consolidated net profit of Rs 3,102 crore in the same period of the last fiscal, Maruti Suzuki India said in…
BENGALURU: India has the depth and savings to create its own pool of patient capital, commerce and industry minister Piyush Goyal said on Friday, and called for greater use of domestic funds to accelerate the next phase of growth in the country’s startup ecosystem.“I asked my team to look at the regulatory framework so that…
The Unique Identification Authority of India (UIDAI) has set up a high-level expert committee to make Aadhaar technology future-ready, with focus on scalability, data security, and resilience against emerging cybersecurity threats, according to an official statement issued on Friday.The committee, chaired by UIDAI Chairperson Neelkanth Mishra, includes UIDAI CEO Bhuvnesh Kumar, Nutanix founder Dheeraj Pandey,…
File photo: Apple CEO Tim Cook (Picture credit: AP) NEW DELHI: Apple’s operations in India shone once again for the US tech and electronics major, which set an all-time revenue record in the country just as it recorded an eight per cent growth in global revenues, at $102.5 billion, led by “a tremendous response” to…
