An industry representative said most micro, small, and medium-scale enterprises would not be able to afford to hire private buses to ferry their employees to and from work and suggested that PMPML buses be organized for them. Pune: The weeklong restrictions across the district were met with a mixture of relief and consternation in the… Continue reading Relieved there’s no shutdown, logistics a concern: Industries
Author: Economic Times of India Online News
Ministry of Corporate Affairs defers mandatory audit trail rule by a year
Chennai: The ministry of corporate affairs (MCA) has deferred by a year’s time its week-old order requiring companies to use only accounting software that have ‘audit trail’ and other specified features. Earlier on March 24, the MCA had notified that starting April 1, 2021, companies must only use such accounting software that has a feature… Continue reading Ministry of Corporate Affairs defers mandatory audit trail rule by a year
Munjal family matriarch Santosh Munjal passes away at 92
Santosh Munjal(R) with daughter-in-laws of Munjal family. (File Photo) New Delhi: Santosh Munjal, matriarch of the Munjal family — the promoters of the Hero group, has passed away, according to the family. Santosh Munjal (92), wife of late Brijmohan Lall Munjal, Chairman Emeritus of Hero MotoCorp, breathed her last on Friday, a family statement said.… Continue reading Munjal family matriarch Santosh Munjal passes away at 92
PSU banks go slow on asset sales, await privatisation list
“Once the banks to be privatised are identified, the agency as per its criteria may place the ratings on a rating watch. Based on clarity on the final contours of transacted, the rating agency would take appropriate rating calls,” it said. MUMBAI: Public sector banks that were not part of the consolidation process are going… Continue reading PSU banks go slow on asset sales, await privatisation list
Starving for more chips in a tech-hungry world
Supplies of many models were tight even before the chip shortage because automakers were having trouble making up for production lost to the pandemic. SAN RAMON: As the U.S. economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport… Continue reading Starving for more chips in a tech-hungry world
Turkey auto sales surge 92.8% in March year-on-year – Association
Last year in March, sales moderated due to the impact of the coronavirus outbreak and only 50,008 units of passenger cars and light commercial vehicles were sold, according to association data. ISTANBUL: Sales of passenger cars and light commercial vehicles in Turkey surged 92.8% year-on-year in March to 96,428 units, the Automotive Distributors Association said… Continue reading Turkey auto sales surge 92.8% in March year-on-year – Association
Biden aims to juice EV sales, but would his plan work?
David Kirsch, a professor of strategy and entrepreneurship at the University of Maryland, said the Biden plan isn’t really a tipping point that will turn consumers from combustion to electric vehicles. DETROIT: Dangling tax credits and rebates in his drive to fight climate change, President Joe Biden wants you to trade your gas-burning car, truck… Continue reading Biden aims to juice EV sales, but would his plan work?
Tata Motors completes transfer of defence biz to TASL for consideration of Rs 227.7 cr
Tata Motors has partnered the Indian defence establishment in various strategic programmess such as MRSAM, Aakash, Agni, BrahMos, etc. Tata Motors on Thursday said it has completed the transfer of its defence business with effect from April 1 to Tata Advanced Systems Ltd (TASL) for an upfront consideration of Rs 227.7 crore. The transfer has… Continue reading Tata Motors completes transfer of defence biz to TASL for consideration of Rs 227.7 cr
States fight each other for jobs with laws to hire local
While the laws are ostensibly aimed at helping young workers, labour rights advocates have warned they aren’t compliant with constitutional guarantees including freedom of movement, a right to livelihood, and no discrimination based on place of birth. NEW DELHI: A short drive from the capital of New Delhi, Gurugram has become one of India’s wealthiest… Continue reading States fight each other for jobs with laws to hire local
Tata Motors sales jump 500% to 66,609 units in March; FY21 sales up 5%
In FY21 the company’s PV sales registered its highest ever annual sales in 8 years at 222,025 units, while posting a growth of 69% versus FY20. New Delhi: Tata Motors on Thursday reported 505% growth in total domestic sales at 66,609 units in March 2021 as compared to 11,012 units in the same month last… Continue reading Tata Motors sales jump 500% to 66,609 units in March; FY21 sales up 5%