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The Delhi High Court on Monday imposed a cost of ₹25,000 on South Delhi Municipal Corporation (SDMC) for not sending to the Delhi Subordinate Services Selection Board (DSSSB) the requisition of over 1,100 vacant posts of special educators in schools run by the civic body. … [Read more...] about Court imposes cost of ₹25,000 on South body for not sending requisition for special educators

Hero MotoCorp is shaping into a different two-wheeler company with plans for about 50 disruptive mobility solutions and for crossing the production target of 200 million units before 2030 as envisaged by its chairman and CEO Pawan Munjal.Hero MotoCorp will be the first Indian auto company to reach this ambitious milestone and this “inspires us to do more and better and bigger from here onwards,” Pawan Munjal, chairman and CEO, said. “When we started from Daruhera (in Haryana), it was a long journey and now we have produced the first 100-million units. In the first 29 years came the first 50 million and in the next 17 we touched another 50-million. I can definitely say sitting on the 21st day of the 21st year of the 21st century that the next 100-million units will come in less than 10 years.”Hero is the world’s largest two wheeler company and had started as a joint venture with Honda Motor Company in 1983. It parted with the Japanese joint-venture partner … [Read more...] about Hero to hit 200-million unit target before 2030: Pawan Munjal

vehicle parts in the upcoming Union Budget.Spelling out its Budget wish-list on Monday, the automaker also sought policy measures to support production of electric and hybrid vehicles (xEVs) in the country."We believe that focus on long-term growth and a further improvement in the investment climate are necessary for continued sustainable economic development."For this, the Union Budget 2021 is a good time to bring in more policy measures, reforms and simplification of laws that can further strengthen ease of doing business," a TKM spokesperson said in a statement.The scrappage policy, which has been under consideration of the government for quite some time, has the potential to simultaneously reduce pollution, fossil fuel consumption as well as boost demand for new vehicles, thereby meeting many key objectives, it added."We are hopeful that this will find a mention in the upcoming Budget along with enhanced actions to usher in reforms in land, labour and liquidity, which will help in … [Read more...] about Toyota seeks simplification of laws, policy support for electric vehicles in Budget

By Norihiko ShirouzuNissan Motor is accelerating the rollout of electric vehicles in China under its main brand and its local, no-frills Venucia marque as it overhauls its strategy in the world's biggest auto market, four sources told Reuters.Besides the focus on green vehicles, the plan involves using more locally made parts and technologies to reduce costs and help the struggling Japanese carmaker compete better with lower-cost Chinese firms and major global rivals, the sources said.The China strategy is a key pillar of Nissan's turnaround, which involves focusing on producing profitable cars for China, Japan and the United States, rather than chasing all-out global growth as it did under disgraced former boss Carlos Ghosn."Before we were saying global, global, global, and China was just part of that strategy," one of the four people familiar with the plans told Reuters. "With regionalisation now replacing globalisation, we have to improve the cost competitiveness of all the … [Read more...] about Nissan flips the switch on electric reboot in China

NEW YORK: U.S. refiners are girding for a painful slate of fourth-quarter earnings, reflecting the pressure of rising crude prices, weak demand due to renewed COVID-19 travel restrictions, and higher costs of associated with blending of renewable fuels into their products.Seven U.S. independent refiners are projected to post an average earnings-per-share loss of $1.51, down from a loss of $1.06 in the third quarter of 2020, according to IBES data from Refinitiv.Both Credit Suisse and Tudor Pickering Holt cut lowered the price estimates of every U.S. independent refiner for the fourth quarter. "[This] would mark the weakest quarter of the year," said Matthew Blair, analyst at Tudor Pickering Holt and Co. In the fourth quarter, independent refiners including Marathon Petroleum, Valero Energy and Phillips 66 coped with uneven demand due to a resurgence of coronavirus cases worldwide.Consumption of liquid fuels globally is estimated to have fallen by 9 million barrels per day in 2020, … [Read more...] about U.S. oil refiners set for worst earnings quarter of the pandemic