Piaggio to invest ₹300 crore in three years in India

The company will launch an electric three-wheeler in the last quarter of 2019 Piaggio Vehicles will invest about ₹300 crore in next three years in India on product and technology development, which includes the key transition to the Bharat Stage VI (BS-VI) by the end of the year. The company, a leader in the diesel three-wheeler segment, will also launch […]

Read more

TRAI asked to revisit spectrum auction recommendations

DCC seeks 5G for rural health, education The Digital Communications Commission (DCC) — the highest decision-making body at the Department of Telecom, on Thursday asked the TRAI to reconsider its entire recommendation on the forthcoming spectrum auctions, that includes reserve price and methodology, keeping in view the larger objective of Digital India “…the members were of the view that TRAI […]

Read more

Blue Star eyes 10% market share in home water purifiers

Rolls out 34 models; to spend ₹30 crore on marketing Blue Star Ltd. has drawn up plans to capture about 10% market share in residential water purifier segment by 2020-21 and enter the commercial water purifier segment soon, said a top official. “We entered into residential water purifier segment during October 2016. We are aiming for 5%-6% market share this […]

Read more

Reliance Capital, Reliance Home Finance shares drop by 7% as PWC resigns as statutory auditor

The PWC had cited the companies’ failure to convene timely audit committee meetings despite multiple letters sent to them, as one of the reasons for the resignation. Shares of Anil Ambani-led Reliance Capital and Reliance Home Finance Wednesday tumbled up to 7 per cent after Price Waterhouse & Co Chartered Accountants resigned as statutory auditor of both the companies. The […]

Read more

Deutsche Bank warns clients of compliance effort

Deutsche Bank AG has given around 1,000 investment-banking clients a month or less to hand over company-ownership information and other documentation in the bank’s protracted effort to close compliance gaps, according to the bank and people familiar with the demands. The "know your customer," or KYC, letters have gone to asset managers and corporate clients in recent weeks as part […]

Read more

Passenger vehicle sales log steepest decline in nearly 18 years

The dip last month is the worst since September 2001, when sales had dropped by 21.91%. Passenger vehicle wholesales in India witnessed the steepest decline in nearly 18 years, dropping by over 20% in May, as continued weakness in retail offtake forced manufacturers to cut production in order to adjust to market demand. The passenger vehicle (PV) sales declined for […]

Read more

Facebook is building giant solar farm in Texas for its first direct investment in renewable energy

Facebook is building a massive solar farm in West Texas that’s believed to be one of the largest solar projects in the nation and the social media giant’s first direct investment in renewable energy. Boston-based renewable energy developer Longroad Energy recently announced it was partnering with FacebookFB, +0.85%  on the $416 million project, just as Facebook is finishing construction of […]

Read more

Opioid maker Insys files for Chapter 11 bankruptcy

Opioid manufacturer Insys Therapeutics Inc. filed for bankruptcy protection, touching off a battle for cash between federal authorities who blamed the company for fueling addiction and the lawyers who are defending its former executives. The company’s chapter 11 filing on Monday marks the first corporate bankruptcy directly linked to the nation’s opioid crisis, but more are possible as corporations struggle […]

Read more

Car firms call on Trump to not to relax emission limits

The Trump administration had proposed last year to roll back fuel efficiency standards introduced under Barack Obama More than a dozen car manufacturers, including Ford, General Motors, Toyota, Honda and Volkswagen have officially asked U.S. President Donald Trump not to relax emission limits, to avoid a fragmentation of the car market, the U.S. media reported. Mr. Trump’s administration had proposed […]

Read more
1 27 28 29 30 31 38