Page 2508 - BS Premium

Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform

Firm currently has orders for over 600 buses, is betting big on govt tenders and sees market for e-buses growing 10x in next 2-3 years

Irdai eases solvency margin requirement for insurers underwriting crop biz

It is estimated that the Insurance Regulatory and Development Authority of India (Irdai)'s move to ease solvency margin will unlock nearly Rs 1400 crore.

LIC increases stake in Capri Global Capital, Hero MotoCorp and HUL

The acquisition of the incremental stake in Capri Global Capital Ltd happened at an average cost of Rs 624.61 and that for Hero MotoCorp Ltd happened at Rs 3,050.14

5 years of IBC: Debt-ridden RCom awaits court approval to allow UVARCL bid

While the RBI is now planning to allow ARCs to bid for bankrupt companies, RCom's resolution is now stuck in courts

Irdai working group recommends relaxing investment norms for insurers

The panel has suggested having a single limit of expenses over and above the monitoring of solvency and enterprise level expense limit

5 years of IBC: Loans taken for telecom, oil assets sank Videocon

VIL's problems began after it entered the telecommunications (telecom) business and its second generation (2G)-based telecom licences were cancelled by the Supreme Court (SC) in 2012

Job at hand: India far behind other nations in public sector employment

India is still far behind the US, China and others in public sector employment

Tesla India policy exec quits after company puts entry plan on hold: Report

Manuj Khurana, policy and business development executive at Tesla in India, was hired in March 2021 and played a key role in forming a domestic market-entry plan for the US carmaker in the country

India Inc's capital expenditure slows despite jump in net profits

Investment in fixed assets up just 2.3% in FY22 despite 63.5% growth in earnings

Two hurdles likely as Modi govt sets out on 1 million recruitment plan

There is no agency equipped to handle such a large hiring target and governments don't have a clear picture on the number of people they employ

CCI clears Air India's acquisition of AirAsia India stake, helping merger

At present, the Tata group owns and operates four airlines - Air India, Air India Express, AirAsia India, and Vistara. Air India and Vistara operate on both domestic and international routes

IT, technology lead July-Sept 2022 hiring outlook: ManpowerGroup Survey

Record high hiring outlook of 51% in eight years

Air India fined Rs 10L by DGCA for not compensating flyer denied boarding

DGCA's spot checks found that Air India does not have a policy on denied boarding and is not paying any compensation to the passengers

DoT extends 4G, 5G mandatory equipment testing deadline by 1 year

Move comes as a huge reprieve for telcos, gear makers

Millennials hunting for returns drive risk-hungry investing in India

Indian retail investors pouring money into new and lightly controlled assets sets India apart, after the pandemic fueled the rise of retail investors globally

On the radar: IPOs suck mutual fund liquidity in May, shows data

Overall, MFs invested Rs 29,400 crore last month even as overseas investors sold shares worth Rs 42,900 crore

Bounty for tractor makers as farmers benefit from open-market sale of wheat

Farmers used the proceeds from the windfall to purchase tractors, leading to a sharp 44 per cent spike year-on-year (YoY) in the first two months of the April-June quarter

1 million govt jobs by 2024: PM Modi's order for hiring on 'mission mode'

Central govt depts, ministries told to identify vacancies at the earliest

'Not fit & proper': SAT scraps Sebi order against 5 brokers in NSEL case

Market regulator asked to conduct a fresh investigation into the matter and pass an order within six months.

Adani, TotalEnergies join hands to invest $50 billion in green hydrogen

Gautam Adani, chairman, Adani Group said, he is confident the company will produce the world's least expensive green hydrogen