The measures released on July 31 stressed on the significance of improving a procuratorial mechanism suitable for the registration-based system on the sci-tech innovation board, including implementing centralized jurisdiction for related cases and exploring public interest litigation. … [Read more...] about New measures aimed at better serving STAR market system released
Local small business marketing
BSE sensex falling over 400 points dragged by banking and auto stocks.The 30-share BSE index fell 433 points or 1.13 per cent to close at 37,877; while, the broader NSE Nifty settled 122 points or 1.08 per cent lower at 11,178.Top laggards in the sensex pack included M&M, Axis Bank, Bajaj Finance, SBI, ITC, HCL Tech and HDFC Bank with their shares falling up to 3.29 per cent. 25 out of 30 stocks finished in red.While Sun Pharma, NTPC, Tata Steel, Titan and Infosys were the only gainers rising as much as 2.15 per cent.On the NSE platform, sub-indices Nifty Auto, Bank, PSU Bank and Private Bank slipped as much as 2.57 per cent."China data is weak and Europe has opened lower and people are realising that Covid-19 impact will not go away easily," Deepak Jasani, head of research, HDFC Securities told news agency Reuters."Markets are very fickle minded," he added.Domestic markets have been hovering around five-month highs, while small-cap shares have risen enough to clock a gain in 2020, … [Read more...] about Sensex settles 433 points lower at 37,877; Nifty ends below 11,200
Axis Bank was the top loser in the Sensex pack, falling around 3 per cent, followed by SBI, M&M, Bajaj Finance, ITC, HDFC Bank, HCL Tech and IndusInd Bank. … [Read more...] about Sensex tanks 433 points; Nifty gives up 11,200 level
First up is the Ford-Mahindra JV. That’s already delayed by a quarter, while Tata Motors’ talks with a potential partner have hit the Covid bump. General Motors, which has exited India as a sales market, hasn’t yet been able to hand over its Talegaon facility to China's largest SUV maker Great Wall Motors. That may well spill into next year, pushing back the brand’s entry into India.Tata Motors SUVs Gravitas and H2X are likely to see delays of three to six months with one of the two new products being moved to 2021.~Product launches, too, have been shelved – across segments and manufacturers. Maruti Suzuki’s all new small car codenamed YNC or new generation Celerio, and small SUV Jimny will only come next year. Hyundai Motor India's new generation Elite i20 has been pushed back by a couple of months. Mahindra & Mahindra has seen its new gen Thar, mid-size SUV Z101 and premium SUV W601 delayed by six to nine months.Tata Motors SUVs Gravitas and … [Read more...] about Mega auto sector deals in the slow lane as Covid scuttles plans
While the EV industry acknowledged that this move is in the right direction, the policy has not been well-thought-out and has created confusion regarding its implementation. Confusing MoveMahesh Babu, MD and CEO of Mahindra Electric, took a dig at the government’s decision and said in a statement, “This move has not been thought through and the industry has not been consulted.”“No country in the world allows registration of EV’s without battery. We will explain to the government that this notification has created confusion. A vehicle is tested, manufactured and sold as an integrated unit where the OEM is responsible for the warranty”, Babu lashed.He further added, “Either charging or swapping is post-sale charge replenishing methods. Both can exist in the current framework.” This move has not been thought through and the industry has not been consulted.Mahesh Babu, MD & CEO, Mahindra ElectricThe Society of Manufacturers for Electric … [Read more...] about Can de-linking battery from EVs boost sales in India?