Manufacturers of electric vehicles (EVs) have been lukewarm to the ad hoc subsidy scheme announced by the Centre for them. Sector majors have not been enthused by the lower level of incentives in the scheme, which has replaced the flagship Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles-II. Moreover, increased stringency in claiming subsidies and delays in disbursement have been cited by several original equipment manufacturers (OEMs).
Broadcasting and digital companies are ready to join the country's biggest ever auction of sports rights next year.
The biggest challenge is not the airline's debt, but downsizing its 16,800 employees, says Surajeet Dasgupta.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
Move to help India export hi-end vehicles.
BBAM seeks $100 million, return of 6 Boeing 737s.
Maruti is trying to move up the segment by focusing on premium cars, SUVs and even trucks.
French carmaker Renault is developing an even smaller sport utility vehicle Captur after the successful launch of the Duster in 2012.
Jet Airways offers a huge packages toward arrears to pilots.
AI also working on proposal to trim pilots' pay 15-20%
Currently, Maruti Suzuki has 14 car brands, but it has decided to expand into some new segments.
Newly launched Vistara has a passenger load factor of 55% in the busy Delhi-Mumbai sector, compared with 80-85% in other airlines.
The warning had come after SpiceJet's dues to AAI (including interest at 12 per cent) exceeded Rs 300 crore (Rs 3 billion) this month -- from Rs 230 crore (Rs 2.3 billion) early December last year.
Code-named Pelican, bigger hatchback with new petrol and diesel engines may hit the road next year.
Sources privy to the development said Maran was being asked to take care of a part of the liabilities.
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
Last week, the carrier had asked about 60 pilots who had resigned to leave after serving only half the six-month notice period.
Kingfisher has faced lawsuits from GMR and GVK-group run airports and also faced cases of cheque bouncing.
SpiceJet strts trimming workforce.
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