Ford Motor Co is cutting 2024 production goals in half for its F-150 Lightning plug-in pickup truck — itssignatureelectric vehicle — due to slowing demand for battery-powered models. The automaker now intends to build 1,600 of the trucks a week in 2024 at its plant in Dearborn, Michigan, down from a previous plan to manufacture […]
State-owned MOIL Limited on Wednesday announced that its board has approved a strategic partnership with Gujarat Mineral Corporation Limited (GMDC) for manganese ore mining in Gujarat. The partnership will form a 51:49 joint venture company between MOIL Ltd and GMDC. “The Board of MOIL at its meeting held on December 13, 2023 has approved joint […]
By now, Royal Enfield, maker of the iconic bullet motorcycle, has figured out one thing: that legacy alone is not going to be enough to keep the acceleration constant. You need driving force. So in November, in the face of rising competition in the premium bikes segment, Eicher Motors, the listed parent of Royal Enfield, […]
In a significant move towards bolstering rail infrastructure in Assam, Chief Minister Himanta Biswa Sarma held a crucial meeting with Union Minister for Railways, Ashwini Vaishnaw, at Rail Bhawan on Monday (December 11). The discussions centered on devising a comprehensive roadmap to enhance and modernise the rail network in the northeastern state. In the meeting, […]
Mirae Asset Securities, the parent company of Mirae Asset Capital Markets (India) on Wednesday announced that it has entered into a Share Purchase Agreement (SPA) with BNP Paribas SA to acquire Sharekhan Limited, subject to terms and conditions of the SPA and receipt of the applicable regulatory approvals. Mirae Asset Securities is a Korean securities […]
India has emerged victorious against the Netherlands in the highly competitive quarter-final game played today at the Men’s Junior Hockey World Cup in Kuala Lumpur, Malaysia. The team has progressed to the semi-final stage, where they will most probably face off Germany, who has claimed victory against Argentina by 2-1 in their quarter-final. Match report […]
Economists said that the retail inflation based on the Consumer Price Index (CPI), in November 2023 increased to 5.55 per cent, far from the RBI’s medium-term target level of 4 per cent, driven by a surge in food and beverage inflation to 8.0 per cent in November. Experts said that while the Reserve Bank of […]
Civil Aviation Minister Jyotiraditya Scindia, on Tuesday, reviewed the self-monitoring system for airfares put in place by the individual airlines to keep a check on airfares on select routes. The Minister chaired the meeting of the advisory committee and discussed the airlines’ on-time performance, as well as redirected the Airport Authority of India to relook […]
upGrad, a prominent player in the fields of learning, skilling and workforce development, has appointed Vishwanath Nair as the vice president – revenue for its international division, upGrad Abroad, effective December 2023. This addition aligns with the skilling giant’s expansion plans both in India and globally, according to an official release. In his new capacity, […]
Telecom industry body COAI has alleged that the Indian delegation at an ongoing global spectrum meet is deviating from the stance agreed upon with the industry on the 6 Ghz band spectrum without any consultation. In a letter to union telecom minister Ashwini Vaishnaw on December 13, Cellular Operators Association of India said that failure […]