Third-quarter results from textiles and garments maker Arvind Ltd indicated that the economic recovery from the COVID-19 pandemic has been far from uniform across all sectors of industry. While certain segments, such as two-wheelers and electrical equipment, have bounced back or even exceeded their pre-COVID levels, there are still others like textiles, retail and hospitality […]
BEML Ltd, formerly Bharat Earth Movers, said it received an order worth Rs 758 cr to supply ‘high mobility’ vehicles to the ministry of defence, Government of India. The vehicles would take the shape of armoured fighting vehicles, and trucks for moving troops, ammunition and stores to far-flung, difficult terrains in operational areas, the equipment […]
As part of a plan to double India’s nuclear power capacity by setting up 10 nuclear plants using indigenous technology, a government agency has put in purchase orders for more ‘reactor header assemblies’. The order for the ten reactor header assemblies has been won by public sector unit Bharat Heavy Electricals Ltd. Reactor header assembly […]
Mahindra & Mahindra, one of India’s largest makers of tractors, said it plans to increase the prices of its tractors from January 1 to offset increasing commodity prices. “Details of the price increase across different models will be communicated in due course,” it said. The move comes in the wake of record sales of tractors […]
Tejaswi Yadav, leader of opposition in the Bihar legislative assembly, today raised questions about the way the votes were counted two days ago. In particular, Yadav raised questions about the way postal votes were treated by returning officers in several constituencies. “Our vote share was 37.2% and NDA’s vote share was 37.3%,” Yadav said in […]
Hero MotoCorp said it has signed an agreement to co-develop and sell “a range of premium motorcycles” with iconic US motorcycle maker Harley Davidson. The announcement comes a month after Harley Davidson decided to exit the Indian market due to poor sales. The company had been selling over 10,000 units per year during the peak […]
Indian SUV maker Mahindra & Mahindra seems to be finally shaking off its long-drawn legal troubles in the US over its flagship model, Roxor, looking too much like the old Jeep models. The company had carried over an extreme redesign of the Roxor this year, and while that may have irked the fans of the […]
Tech Mahindra, one of India’s to six IT service providers, said it has invested $3 million, around Rs 23 cr, in a fast-growing tele-medicine start-up based in Plano, Texas. The Indian company, which gets a 6% stake in exchange for the investment, has an option of raising its stake to 14% by January 2021 by […]
Record label Saregama India has launched Carvaan Mini Kids, the kids edition of its extremely successful Saregama Mini ‘radio’ product with built in digital audio content. Unlike Carvaan and Carvaan mini, which come with popular songs and similar content for adults, the Carvaan Mini Kids — priced at Rs 2,990 — comes with rhymes, stories […]
India’s train passenger numbers are down nearly 99% for the five months from April to August, while freight volumes are down only 13% during the same period, Railway Minister Piyush Goyal said today. “Owing to the discontinuance of passenger services after the introduction of the lockdown to contain COVID-19 pandemic, upto the end of August, […]
Ministry of Railways, Government of India today said Indian Railways collected Rs 433 cr from the nearly 63 workers who were mass-evacuated using Shramik Special trains during the COVID-19 lockdown. However, it maintained that it did not charge the workers any money, and the amount was collected from those who organized Shramik trains — primarily […]
Maruti Suzuki India said it has tied up with NS Raghavan Center Entrepreneurial Learning at IIM Bangalore to scout out start-ups in the automobile sector. Maruti Suzuki, India’s biggest carmaker, will look for technology-based innovations that can be applied in the mobility sector. Among the focus areas will be digital, data and AI/ML in the […]
Asian Paints, the country’s largest paints manufacturer, reported a 43% fall in its revenue for the Apr-Jun quarter due to a sharp deterioration in demand caused by the COVID-19 pandemic. Against the Rs 2,208 cr fall in revenue (compared to the same three months of 2019), the company’s total non-tax expenses fell by Rs 1,515 […]
The Indian Railway Catering and Tourism Corporation, which sells about 73% of India’s reserved railway tickets, said ticket sales continue to be down by about 77%-78%; almost a month-and-a-half after long-distance trains were restarted. “Pre-COVID, we were doing 60 cr rupees worth of tickets a day,” said IRCTC CMD MP Mall. “Now, it’s 13-14 cr.” […]
The Uttar Pradesh government has completed the task of bringing back stranded and jobless migrant workers from various places like Mumbai, Delhi and Gujarat, chief minister Yogi Adityanath said today. “The whole country is grateful [for the way in which] decisions were taken by the Prime Minister during the global pandemic, and for the systematic […]
Delhi Chief Minister Arvind Kejriwal said the state still has 4,200 free COVID-19 beds, but admitted that dozens of people have faced difficulty in getting access to these beds in the last few days. “I have seen that there are people who are coming on TV channels and saying that we could not find a […]
Delhi Chief Minister Arvind Kejriwal said he has been forced to reserve COVID-19 beds in all private and Delhi government hospitals in the city exclusively for the use of Delhi-based patients. This, he said, followed the deliberations and recommendations of a committee set up to look into the matter. The decision comes a day before […]
Maharashtra, one of the states worst affected by the COVID-19 pandemic, has decided not to pass on most of the relaxations allowed by the central government as far as the Coronavirus lockdown 5.0 is concerned. Key among the relaxations that WILL NOT not be allowed in Maharashtra are the opening of religious places of worship, […]
Uttar Pradesh, the state with the highest number of returning migrant workers in India, has reported the sharpest increase in the number of new COVID-19 cases yet. A total of 360 new COVID-19 cases were reported on Thursday. The earlier record was set on Tuesday, when 315 new cases were reported. The number of COVID-19 […]
Avnish Awasthi, additional secretary with department of home affairs in Uttar Pradesh government, today said that no migrant workers are walking on Uttar Pradesh’s roads as of today. His comments come in the wake of widespread outrage over media reports showing families, including small children, walking on the highways of Uttar Pradesh and adjacent states […]
