Business / Daily Excelsior
NEW DELHI, Mar 8: Maruti Suzuki India (MSI) on Saturday said it has joined hands with Hero FinCorp for vehicle finance. As per the MoU inked between the entities, the partnership will leverage the automakers wide-reaching network and Hero FinCorps tailored financial solutions for new and pre-owned car loans. Collaborating with Hero FinCorp builds on our ability to offer innovative, transparent, and attractive financing solutions that address ever-evolving customer needs for car finance, MSI Sen
NEW DELHI, Mar 6:Ola Electric, Indias largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle (EV) manufacturer in India to receive incentives under the Production Linked Incentive (PLI) Scheme for Automotive and Auto Component (PLI-Auto Scheme). The company has been granted a total incentive of Rs 73.74 crore for the Determined Sales Value of FY 2023-24 under the scheme, according to a stock exchange filing by the comp
NEW DELHI, Mar 4:Tata Motors on Tuesday launched the first-ever trials of hydrogen-powered heavy duty trucks in order to assess their viability for long haul transportation solutions. The trial phase will span up to 24 months and involves deployment of 16 advanced hydrogen-powered vehicles with varying configurations and payload capacities. The trucks, equipped with Hydrogen Internal Combustion Engines (H2-ICE) and Fuel Cell (H2-FCEV) technologies, will be tested on Indias most prominent freigh
Mumbai, Mar 3: Former Sebi chairperson Madhabi Puri Buch, BSE MD Sundararaman Ramamurthy and four other officials on Monday moved the Bombay High Court, seeking to quash a special court order directing FIR against them for alleged stock market fraud and regulatory violations. The pleas were mentioned before a single bench of Justice S G Dige for urgent hearing. The bench said it would hear the pleas on Tuesday and added that until then, the state Anti-Corruption Bureau (ACB), which [] The post R
NEW DELHI, Mar 1 : With India and the EU setting the year-end deadline to conclude a free trade agreement, teams from both sides held discussions on Saturday to accelerate efforts towards a balanced and mutually beneficial pact. The meeting was held between Commerce and Industry Minister Piyush Goyal and EU Commissioner for Trade and Economic Security Maros Sefcovic in Mumbai along with officials from both sides. Our discussions focused on accelerating efforts towards a balanced and mutually ben
New Delhi, Mar 1: Prime Minister Narendra Modi asserted on Saturday that his vocal for local campaign is bearing fruits as Indian products are going global and making their presence felt across the world. Speaking at the NXT conclave where the NewsX World channel was launched, Modi said the world used to look at India as its back office for decades but the country is now emerging as the factory of the world. Now, India is not the workforce but [] The post India Now Emerging As Factory Of World:
NEW DELHI, Feb 27: Realty firm Signature Global is targeting to achieve zero net debt during the next fiscal year on healthy internal cash flow supported by strong consumer demand for its residential projects in Gurugram. The company has reduced its net debt in the October-December quarter to Rs 740 crore, from Rs 1,020 crore at the end of the second quarter of this fiscal year. We will achieve zero net debt during the next financial year, Signature Global [] The post Signature Global aims to a
NEW DELHI, Feb 23:The apex drug regulatory authority has prohibited the production and export of all combinations of pain relief medicines tapentadol and carisoprodol, over news reports that unapproved combinations of the drugs exported to West African countries are driving an opioid crisis there. In a communication, the Drugs Controller General of India (DCGI) has asked the drug control authorities of states and Union territories to withdraw all export NOCs and permission to manufacture all co