FarEye said with its machine learning platform, it will help Zomato gain end-to-end visibility of logistics activities and boost KPI management of third-party logistics providers. CHENNAI: Zomato has partnered with FarEye, a digital logistics company, to help restaurants stay compliant with Food Safety and Standards Authority of India’s (FSSAI) guidelines. FarEye, which facilitates over 10… Continue reading Zomato partners with tech startup FarEye
Author: Economic Times of India Online News
This is the best time to buy cars, you will not get such discounts again: Nikunj Sanghi, FADA
The guarantee scheme for NBFCs that the Government of India has floated will do a lot in terms of shoring up funds for NBFCs which plays a very big role in inventory funding, says Nikunj Sanghi, Director, Federation of Automobile Dealers Association (FADA). Excerpts from an interview with ETNOW.OEMs, dealers, everybody is trying his best… Continue reading This is the best time to buy cars, you will not get such discounts again: Nikunj Sanghi, FADA
Tata Motors to resume operations from today
Nearly 70% of the factories are shut and the workers have been rendered jobless. JAMSHEDPUR: With a slowdown in the automobile sector, operations in Tata Motors plant in the Steel City were shut for two days on Friday and Saturday. However, the plant was effectively shut for four days with August 15 and 18 being… Continue reading Tata Motors to resume operations from today
EV charging stations surpass fuel pumps in UK
UK government is planning to support EV adoption further. Recently it has announced a proposal for the installation of charge points for EVs in all new housing. New Delhi: UK has around 1,000 more public electric vehicle charging stations than the conventional fuel stations, claims Japanese carmaker Nissan in a release. The release claims that… Continue reading EV charging stations surpass fuel pumps in UK
SAIC-Volkswagen investing $2.4 bn to launch EV plant in Shanghai
The Chinese-German joint venture company is investing an amount of $2.4 billion to set up the plant and it will roll out the first car in November this year. New Delhi: SAIC-Volkswagen is building a pure electric vehicle production plant in Shanghai that will roll out 300,000 EVs every year, a media report claims. The… Continue reading SAIC-Volkswagen investing $2.4 bn to launch EV plant in Shanghai
NCLAT orders liquidation of Amtek Auto
Investment of Amtek Auto was overvalued in the liquidation reports. New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Friday ordered liquidation of debt-ridden Amtek Auto as it declined lenders’ request for extension of insolvency resolution process deadline. Amtek Auto was among the first list of 12 companies which were referred by the RBI… Continue reading NCLAT orders liquidation of Amtek Auto
Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki
“This is a part of the business, when demand soars, more contract workers are hired and reduced in case of low demand,” said MSI chairman RC Bhargava New Delhi: Over 3,000 temporary employees have lost jobs with the country’s largest carmaker Maruti Suzuki India (MSI) due to the ongoing slump in the automobile industry, a… Continue reading Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki
We will have zero capex this year and a large part of next year: Baba Kalyani
This is the fourth one that we will be seeing from 2008. So downturns do come, industrials are a cyclical business, commercial vehicle also is a cyclical business. Everything that goes down, also goes up at some point in time. So, I would not be too worried about it, says Baba Kalyani, CMD, Bharat Forge.… Continue reading We will have zero capex this year and a large part of next year: Baba Kalyani
Tata Motors Group July global sales down by 14% at 78,600 units
Global wholesales of passenger vehicles have increased by 4 per cent in July 2019, compared to the same month last year, with 52,432 units sold. New Delhi: Tata Motors Group has registered a 14 per cent decline in its global wholesales with 78,000 units sold in July 2019. The number includes Jaguar Land Rover global… Continue reading Tata Motors Group July global sales down by 14% at 78,600 units
S&P reaffirms B+ rating on Tata Motors with negative outlook
The ratings agency, however, cautioned that it may lower the ratings by one notch if it sees diminishing prospects of turnaround at JLR. NEW DELHI: Ratings agency S&P has reaffirmed Tata Motors‘ long-term issuer and issue credit ratings to be ‘vulnerable to nonpayment’ while keeping the outlook negative. S&P Global Ratings said it has reaffirmed… Continue reading S&P reaffirms B+ rating on Tata Motors with negative outlook