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Suzuki Motor sees Indian PV market at 7-8 mn by 2030, Maruti aims 50% share

Even as Suzuki Motor Corporation (SMC), the Japanese parent of Maruti Suzuki India, is bullish on India’s passenger vehicle (PV) market, it expects the market to end the decade lower than its earlier projection. SMC expects the world’s fourth largest PV market to end the decade with 7-8 million units, against its … Read more

Indian firms say sustainability is a critical differentiator: Survey

  Singapore, November 29 (ANI): 51 per cent of firms in India that participated in a recent survey agreed that sustainability is a critical differentiator. Only 19 per cent of organisations in the country say they are fit for the future. Last week, Vodafone Business released a report which shows that … Read more

C4D Partners gets Sebi’s nod to launch fund to invest in Indian startups

Netherland-based C4D Partners on Monday said it has received market regulator Sebi’s approval to launch its USD 50 million (about Rs 408 crore) fund for investments in Indian startups. C4D Partners had its first close of USD 30.3 million in 2018 for its Asia Fund. “The company has recently received the … Read more

Irdai asks reinsurers to keep 50% of Indian underwritten biz within country

The Insurance Regulatory and Development Authority of India (Irdai) has, in a revised exposure draft on reinsurance regulations, mandated that Indian reinsurers, including foreign reinsurance branches, have to retain a minimum of 50 per cent of their Indian reinsurance business underwritten, within the country. Also, any retrocession to an IIO (International Financial … Read more

First Hero-Harley co-developed bike likely to hit market in two years- The New Indian Express

By PTI NEW DELHI: A bike jointly developed by Hero MotoCorp and Harley-Davidson could hit the market in the next two years, according to Hero MotoCorp CFO Niranjan Gupta. The launch is part of Hero MotoCorp’s plans to strengthen its position in the premium segment. The country’s largest two-wheeler maker, which has leadership in the … Read more

Indian pharma exports rise by 4.22% to $14.57 bn during April-Oct

Pharmaceutical exports from India registered a growth of 4.22 per cent to reach USD 14.57 billion during the April-October period despite a negative trend last month, according to a senior official of an export promotion body under Government of India. Udaya Bhaskar, Director General of Pharmaceuticals Export Promotion Council of India (Pharmexcil) … Read more

Indian trade unions join the Black Friday protests against Amazon

The words “underpaid”, “overworked”, “insufficient breaks” reverberated around the sites where Indian trade unions joined their counterparts from around the world to stage protests against “sweatshop” Amazon. “My stint (with Amazon) was similar to working at a sweatshop… 10-hour long shifts, low wages, insufficient breaks, and leaves,” said a former employee at … Read more

OTT discussions on draft telecom bill to hamper Indian startups: IAMAI

The Internet and Mobile Association of India (IAMAI) on Friday said that creating room for licensing provisions applicable to over-the-top (OTT) service providers presents an existential threat to India’s startup ecosystem by creating “herculean barriers to entry”. Slamming the ill-conceived recommendations on the Draft Telecom Bill, the industry body said that not … Read more

Amazon’s Black Friday: Several Indian trade unions to join protests

Several Indian traders, hawkers, as well as transport and gig workers’ unions will join a global campaign by Make Amazon Pay coalition happening across close to 40 countries on Black Friday to protest alleged exploitative practices by the tech giant. Employees in the US, the UK, India, Japan, Australia, South Africa and across Europe … Read more

Supercross announces handing over MOU to launch Indian racing league

Supercross India Pvt Ltd under the aegis of the Federation of Motor Sports Clubs of India on Thursday announced the handing over of the Memorandum of Understanding (MOU) for the commercial rights to launch the world’s first of its kind Supercross racing league, titled ‘Indian Supercross Racing League’. The MoU was handed … Read more