India's automobile exports drop 18.87% in 2020: SIAM

One of the main reasons for the drop in automobile exports was the dip in shipments of passenger vehicles, which were down 39.38% last year Automobile exports from India declined 18.87% in 2020, a year marked by coronavirus pandemic induced disruptions across the globe, according to the latest figures by Society of Indian Automobile Manufacturers (SIAM), Overseas shipments of vehicles […]

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India, China set to lead vaccine distribution in APAC region: Moody’s Analytics

Moody’s Analytics said the Indian government plans to inoculate nearly 300 million high-priority people, including health workers, the elderly, and those with higher co-morbidities by August. Moody’s Analytics on Monday said India, along with China, would take lead in the COVID-19 vaccine distribution in the Asia-Pacific region. India launched its vaccination programme on January 16 after the drug regulator DCGI […]

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Honda Motorcycle and Scooter India initiates voluntary retirement scheme for permanent employees

The VRS would run from January 5 till January 23 this year and cover permanent employees barring director-level officials Two wheeler major Honda Motorcycle and Scooter India (HMSI) has initiated a voluntary retirement scheme (VRS) for permanent workers amid challenging market conditions, as per a company notice. The VRS would run from January 5 till January 23 this year and […]

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RCom group owes around ₹26,000 crore

Telco calls ‘fraud’ tag unjustified Debt-ridden telecom firm Reliance Communications on Wednesday said the group owes around ₹26,000 crore to Indian banks and financial institutions. The Indians banks, vendors and other creditors have made claims of around ₹86,000 crore on the company which is currently going through insolvency proceedings. “As per figures certified by the Resolution Professional appointed by the […]

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IDBI Bank raises ₹1,435 crore

Lender had eyed ₹2,000 cr. via QIP; PNB saw similar trend IDBI Bank has raised ₹1,435 crore through an issue of equity shares to 44 qualified institutional investors, according to a regulatory filing. The bank had targeted raising ₹2,000 crore (base size ₹1,000 crore with a green-shoe option of ₹1,000 crore) through the QIP issue at a floor price of […]

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Green groups press Biden to declare climate emergency, offer draft executive order on oil leases

Rep. Debbie Dingell on John Kerry, US rejoining climate accord Rep. Debbie Dingell, D-Mich., discusses the impact of Biden picking John Kerry as climate czar and gives her take on how the U.S. can stay in front on the global energy industry. A host of environmental groups is urging President-elect Joe Biden to declare a national climate emergency–a move that would grant him […]

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