New Delhi: IPO-bound Hyundai Motor India Ltd will explore opportunities for exporting its upcoming electric vehicles from the country to other similar markets to enhance its position as a production hub for emerging markets, according to a senior company official. The company is lining up four electric vehicles to be launched in future, including the…
New Delhi: The Enforcement Directorate Friday said it has registered a money laundering case into the recent mega narcotics seizure in the national capital and conducted searches in Delhi, Mumbai and Gurugram. The Delhi Police Special Cell on October 2 seized over 560 kg cocaine and 40 kg hydroponic marijuana, estimated to be worth Rs…
Mumbai: Noel Tata, the half-brother of late Ratan Tata, will be the next chairman of Tata Trusts, sources said on Friday. The 67-year-old Noel was chosen by the board to lead the string of philanthropic trusts that control the Tata empire. Having functioned mostly under the shadows of his illustrious half-brother, Noel will now have…
Washington: Vowing to introduce a reciprocal tax if elected to power, former US president Donald Trump on Thursday alleged that India, among all major countries, imposes the highest tariffs on foreign products. “Perhaps the most important element of my plan to make America extraordinarily wealthy again is reciprocity. It’s a word that’s very important in my…
Mumbai: Shantanu Naidu, a long-time associate of Ratan Tata, on Thursday bid adieu to the industrialist, comparing his boss to a “lighthouse”. “The hole that this friendship has now left with me, I will spend the rest of my life trying to fill,” Naidu, a general manager in the Office of RNT, wrote on a…
Mumbai: Industry leaders including Google’s India-born chief executive Sundar Pichai on Wednesday mourned the death of Ratan Tata, saying the veteran industrialist cared about making India better. “He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India. He deeply cared about making India better,”…
Mumbai: Tata Trusts’ chief executive Siddharth Sharma on Wednesday said the group of non-profits rededicates itself to carrying forward Ratan Tata’s legacy. Tata, 86, breathed his last at a city hospital where he had been admitted for the last few days. “We rededicate ourselves to carrying forward his legacy and that of the founders, which…
New Delhi: Veteran industrialist Ratan Tata died at a Mumbai hospital late on Wednesday night, a top police official told PTI. The chairman emeritus of the Tata group was 86. Tata Sons chairman N Chandrasekaran, in a statement, confirmed the death of Tata, and described him as his “friend, mentor and guide”. For the past…
Mumbai: RBI Governor Shaktikanta Das on Wednesday said the confidence in inflation cooling down in the near future, resulting in a better balance between growth and price rise, led the central bank to change the policy stance to neutral. He, however, made it clear that there are “significant risks” to inflation like the ones arising…
Mumbai: Benchmark BSE Sensex jumped over 550 points to revisit the 82,000-level in morning trade on Wednesday after the Reserve Bank of India changed its monetary policy stance to stance to ‘neutral’, a move that may lead to a rate cut in the forthcoming policies. The 30-share BSE Sensex soared 556.97 points, or 0.68 per…
