Given that many borrowers of MFIs cater to essential services that continue to operate as usual, their cash flows could be curbed to some extent. Microfinance institutions (MFIs) may face challenges in loan recoveries if more states look at imposing mini-lockdowns like Maharashtra amid a surge in COVID-19 cases, according to a report. Maharashtra, which… Continue reading Mini-lockdown may affect microfinance institutions’ collections: Crisil
Author: Economic Times of India Online News
SC verdict in Westinghouse Saxby: Impact on auto industry
Ironically, the success of the assessees in Westinghouse Saxby presents a grave danger to plenty of other taxpayers. By Narasimhan B.L. & Rohan Muralidharan In order to appreciate the wide-ranging ramifications of the judgment, we may begin with a brief examination of the judgment itself. The dispute before the Supreme Court was about the classification… Continue reading SC verdict in Westinghouse Saxby: Impact on auto industry
Siemens ties up with Hinduja Group for EV charging infrastructure
Switch Mobility Automotive and OHM Global Mobility are two Indian subsidiaries of commercial vehicles major Ashok Leyland Limited. Chennai: Siemens Limited and the Hinduja group‘s Switch Mobility Automotive Limited have signed a Memorandum of Understanding (MoU) to play in the electric commercial vehicles segment. Siemens also said Siemens Financial Services (SFS), the financing arm of… Continue reading Siemens ties up with Hinduja Group for EV charging infrastructure
SsangYong court rehabilitation may begin early next week as CEO Yea quits
Byung Tae Yea, SsangYong’s CEO Mahindra controlled Korean carmaker, SsangYong Motors which has failed to attract a potential investor is expected to go into court receivership as early as next week, said people familiar with the development. This even as SsangYong’s CEO, Byung Tae Yea has quit the company on the back of the company… Continue reading SsangYong court rehabilitation may begin early next week as CEO Yea quits
Pivot or Perish: Bracing for the Impact of AI on the Workforce
By Rohan Krishna Humanoid robots, self-driving cars, hyperloops, military exoskeletons, smart virtual assistants, and robo-advisors for stock trading — these are some of the few audacious things made possible by Artificial Intelligence (AI). Today, AI has crossed the realm of science-fiction to seep firmly into our reality. It keeps us informed of current events and… Continue reading Pivot or Perish: Bracing for the Impact of AI on the Workforce
The status and future of NFTs and crypto art in India
Simply put, non-fungible tokens, or NFTs, are digital blockchain tokens that represent ownership of unique items, whether digital or physical. NFTs can represent real estate, art, music, and even casks of whisky. Since each NFT is unique, they are unlike fungible assets or currencies (eg, Bitcoins or Rupees) where each unit is interchangeable with another.… Continue reading The status and future of NFTs and crypto art in India
Toll fee high, compared to facilities: Madras HC
The petition sought to restrain NHAI from collecting toll fees from vehicles plying through Paranur toll plaza on the Tambaram-Tindivanam stretch, as the concession agreement had already expired. Chennai: Observing that the fee collected by the National Highways Authority of India at its toll plazas in Tamil Nadu were high, compared to the facilities provided,… Continue reading Toll fee high, compared to facilities: Madras HC
Private vehicle a public place even with single person, mask has to be worn: Delhi high court
The court said that the term ‘public place’, has to be interpreted in the context of the Covid-19 pandemic. NEW DELHI: The Delhi high court held on Wednesday that a vehicle, even if occupied by a single person, is a public place in the context of Covid-19 pandemic as there are several possibilities of the… Continue reading Private vehicle a public place even with single person, mask has to be worn: Delhi high court
Need safe engineering for rural roads to minimise accidents: IRF
Sinha said apart from safety audit, the Ministry of Rural Development is also imparting awareness to school children and rural population about road safety through audio visual clips. New Delhi: Seeking implementation of safe engineering on rural roads, road safety body IRF on Wednesday said the government has assured it that safety audits are being… Continue reading Need safe engineering for rural roads to minimise accidents: IRF
Pulling out of Ssangyong and Ford JV were very difficult calls of my career, says Pawan Goenka
Steering Mahindra to top of the ladder in the face of rising global competition, Goenka reflected on the string of partnerships, their shelf life and how Mahindra took bold calls of giving up on some of them and deciding to go on its own. Pawan Goenka, a few days before he retired from Mahindra &… Continue reading Pulling out of Ssangyong and Ford JV were very difficult calls of my career, says Pawan Goenka