NEW DELHI: Stellantis, one of the world’s top carmakers, will launch new petrol and electric cars in India, but does not plan to make investments under govt’s revised EV incentive policy for local manufacturing.The company, which has invested Rs 11,000 crore in India and sells cars under the Citroen and Jeep brands, plans to drive…
MUMBAI: Home loans were a key growth driver for SBI in the June quarter, with outstanding credit rising 15% to Rs 8.5 lakh crore at June-end from Rs 7.4 lakh crore in June 2024. Of the Rs 3.6-lakh-crore increase in its loan book over the year, nearly a third – Rs 1.1 lakh crore –…
Gokaldas Exports is among the largest players in the garments business, supplying goods to top global markets. The company’s managing director Siva Ganapathi speaks to TOI over the impact and plans to tackle the 50% tariff imposed by the US on Indian goods. Excerpts:What will be the impact of the 50% additional tariff on Indian…
Bharat Forge, heavily reliant on the US auto sector, faces potential headwinds from new import duties. Vice-Chairman Amit Kalyani acknowledges possible near-term demand issues but remains optimistic about resolving the situation with American buyers. If talks fail, the company will explore opportunities in Europe, leveraging FTAs. Source link
NEW DELHI: India must adopt a comprehensive and forward-looking competitiveness agenda, and undertake factor market reforms such as land reforms, to help realise the goal of emerging as a global manufacturing and investment hub.“India has made remarkable progress in several areas of reform, but land remains a domain where foundational changes are overdue in terms…
MUMBAI: Bajaj Group chairman Kushagra Bajaj’s daughter Anandamayi (22) joined the $2.5-billion family business as general manager (strategy) earlier this month. Her entry into the group is part of a growing trend of women from major business families taking up management roles. Anandamayi, whose mother Vasavadatta Bajaj is the sister of Aditya Birla Group chairman…
A fresh look at US inflation trends this week is set to test Wall Street’s record run, with several strategists warning that equities may be primed for a pullback after months of near-uninterrupted gains.The benchmark S&P 500 closed on Friday up more than 8% for the year and near all-time highs, while the Nasdaq Composite…
The strength of Indian passport has increased substantially in recent times. India’s passport has climbed several ranks in the latest Henley Passport Index list of the world’s most powerful or strongest passports. The strength of Indian passport has increased substantially in recent times, enabling Indians to access more than 60 nations without prior visa arrangements…
Willy Chavarria (L); Sandals known as “huaraches” displayed at a market in Oaxaca (R) US fashion designer Willy Chavarria has said he regrets that sandals he made with Adidas copied a traditional design from Oaxaca in southern Mexico.“I deeply regret that this design has appropriated the name and was not developed in direct and meaningful…
The Reserve Bank of India (RBI) has proposed standardised forms and a uniform process for settling claims on bank accounts, safe deposit lockers and articles kept in safe custody of deceased customers, with a 15-day settlement deadline and compensation to nominees or legal heirs for delays.The central bank has issued the Draft Circular – Reserve…
