india – The News Desk

India calls for de-escalation in wake of hostilities between Israel, Iran | External Affairs Defence Security News

14Apr

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Business

India calls for de-escalation in wake of hostilities between Israel, Iran | External Affairs Defence Security News

Meanwhile, Israeli Prime Minister Benjamin Netanyahu convened the meeting of his war cabinet in Tel Aviv, in the wake of Iran's response to the embassy strike that killed three of its top military generals | Photo: ANI2 min read Last Updated : Apr 14 2024 | 11:23 AM IST After Iran launched drone and missile attacks on Israel, India on Sunday expressed concerns highlighting the threat to the peace and security in the region. lndia called for an immediate de-escalation, urging all parties to exercise restraint, refrain from violence, and return to diplomatic negotiations, the Ministry of External Affairs (MEA) said in a press release. Ministry of External Affairs said in a press release, "We are seriously concerned at the escalation of hostilities between Israel and Iran...

India must keep e-scooter subsidies to boost adoption, says Ather CEO | Company News

6Apr

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Business

India must keep e-scooter subsidies to boost adoption, says Ather CEO | Company News

India will need to keep subsidies for electric scooters for another few years to boost the switch from polluting motorbikes, the CEO of e-scooter maker Ather Energy told Reuters on Saturday. Industry experts believe subsidies such as cash incentives are crucial to India hitting its goal of electrifying 70% of its two-wheeler fleet by 2030, as the world's third-largest importer of oil looks to reduce dependence on fossil fuels. "We've been able to cut down a lot of subsidy reliance, but it's also come at the cost of almost a year's worth of lost growth," Ather CEO and co-founder Tarun Mehta said in an interview. Mehta was referring to the government's surprise decision in May to slash cash incentives for e-scooters to a maximum of 15% of the purchase price befor...

Zomato gets service tax demand and penalty order of Rs 184 cr | Company News

2Apr

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Business

Zomato gets service tax demand and penalty order of Rs 184 cr | Company News

Online food delivery platform Zomato said it has received a service tax demand and penalty order aggregating over Rs 184 crore, and will file an appeal against it before an appropriate authority. The demand order has been received for non-payment of service tax for the period October 2014 to June 2017 determined on the basis of certain sales made by the foreign subsidiaries and branches of the company to its customers located outside India, the company said in a late night regulatory filing. The company also mentioned that in its response to the show cause notice it had clarified on the allegations along with supporting documents and judicial precedents, "which appears to not have been appreciated by the authorities while passing the order."Subsequently, the company said i...

BHEL making India self-reliant in energy, infra: Heavy industries minister

2Jan

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Business

BHEL making India self-reliant in energy, infra: Heavy industries minister

The minister noted that the building, equipped with a 30-kW solar power system, reflects BHEL's commitment to move further towards green energy State-owned engineering firm BHEL is not only making India self-reliant in energy and infrastructure sectors but also contributing significantly to defence and space segments, said Union Heavy Industries Minister Mahendra Nath Pandey. The minister inaugurated the newly-constructed BHEL Sadan in Noida on the occasion of BHEL Day on Monday, the company said in a statement. Addressing on the occasion he cited the clarion call of Prime Minister Narendra Modi for achieving the target of 'net zero' carbon emissions by 2070 and said that this 18-storey, eco-friendly green building constructed as per the latest technology and standards is a...

Electric Scooter IPO to Test Enthusiasm for India’s EV Story

31Dec

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Money

Electric Scooter IPO to Test Enthusiasm for India’s EV Story

An initial public offering planned for next year in India could be a crucial test for the country’s budding electric-vehicle market. India’s Ola Electric, which makes two-wheeled electric scooters, filed in late December a draft prospectus for a public listing, seeking to raise about $662 million. It will become the first EV maker to list in India and will probably draw significant interest from investors. The Softbank-backed firm plans to use proceeds from the offering mainly for the expansion of its battery cell manufacturing facility in the southern state of Tamil Nadu. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

India’s Infrastructure Push Is Key to Taking on China

28Dec

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Money

India’s Infrastructure Push Is Key to Taking on China

The coming few years will be a litmus test for India’s ambition to become a manufacturing hub rivaling China. A big question mark is how quickly it can build out the infrastructure it needs to really seize the opportunity. There have been signs of progress recently, but New Delhi’s cramped fiscal space means it needs to do more to entice private-sector investors, too.India is experiencing a manufacturing renaissance of sorts led by Apple and its Taiwanese suppliers—after decades of failed efforts. As recently as the fiscal year ended in March 2018, India was a importer of smartphones to the tune of more than $2 billion. Last fiscal year, India was a net exporter of $11 billion worth. About half of that was Apple products, according to investment bank Macquarie.Copyright ©2023 Dow Jones &a...

Uber celebrates a decade in India with commemorative postage stamp

28Dec

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Travel

Uber celebrates a decade in India with commemorative postage stamp

As Uber completes ten years of operations in India, the company released a special commemorative ‘My Stamp’ issued by the Department of Post to celebrate the important milestone in its journey. Starting its India voyage by offering sedan and SUV rides, Uber has come a long way introducing new mobility options including two wheelers, three wheelers and even buses as various multimodal means within the Uber app. The commemorative stamp launch with India Post to mark ten years of Uber in India highlights the achievements in transforming urban mobility, expanding economic opportunities, and shaping the growth story of India over the last decade. Spanning more than 125 Indian cities with cars, autos, bikes as well as buses – Uber has focused on developing solutions to address the country’s ev...

28Dec

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Business

ICRA assigns AA+ rating to Adani Ports on strong business profile

India's largest private port operator Adani Ports and Special Economic Zone has moved one step closer to returning to the corporate bond market, as it has received ratings earlier this week for a planned debt issue. Rating agency ICRA has assigned AA+ rating for 100 billion rupees ($1.20 billion) of bonds of the company, while India Ratings and Research has assigned AA+ rating to bonds worth 50 billion rupees, according to ratings notes. While ICRA said its rating factors in the company's strong business profile, India Ratings said it continues to take a consolidated view of the company and its subsidiaries. Earlier in December, Reuters reported citing sources that Adani Ports is mulling a fundraise of up to 10 billion rupees from the domestic bond market in th...

Air India takes delivery of first A350-900 – Business Traveller

27Dec

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Travel

Air India takes delivery of first A350-900 – Business Traveller

Commenting on the news Campbell Wilson, chief executive officer and managing director, Air India, said: “This moment marks a red-letter day for all of us at Air India. The A350 is not just metal and engines; it’s the flying embodiment of the relentless efforts of all Air India employees towards our airline’s continuing transformation and of our commitment to setting new benchmarks. It is also, in many ways, a declaration of Indian aviation’s resurgence on the world stage.” “As a symbol of the new age of flying, the A350 promises a world-class, long-haul travel experience on our non-stop routes, providing an unparallelled level of comfort. Its excellent flight economics and state of-the-art technology underscore our dedication to commercially successful operations and to achieving our sus...

Match Preview – South Africa vs India, ICC World Test Championship 2023-2025, 1st Test

25Dec

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Sports

Match Preview – South Africa vs India, ICC World Test Championship 2023-2025, 1st Test

Big picture: India chase historyThe final frontier. That's what South Africa has proven to be for India. Since South Africa's readmission to international cricket, India have made eight Test tours to the country. The closest they came to winning was in 2010-11 when the three-match series ended 1-1.Two years ago, players and experts alike felt that it was India's "best opportunity" to win a Test series in South Africa. They won the first match but lost the next two to squander the chance.This time it's a shorter series, just two Tests - in Centurion and Cape Town. Whichever team wins the first will have an unassailable lead. With the disappointment of the ODI World Cup still lingering and the planning for the T20 World Cup in mind, can India squeeze a piece of history in between?But as the...