Breaking news, views, reviews, cricket from across India

  • Mandatory local electric vehicles content likely to be hiked to 70% in 3 years
    on April 23, 2018 at 5:25 pm

    NEW DELHI: The government plans to double the mandatory local content in electric vehicles to 70% in three years and impose heavy duties on imports to ensure that domestic manufacturing gets a big boost from the Rs 8,730-crore proposal to shift public transport to battery-operated vehicles.This has huge implications for domestic car makers such as Tata Motors and Mahindra & Mahindra, which are facing competition from foreign players like China’s BYD, which recently won tenders with […]

  • Mandatory local EV content to be hiked to 70% in 3 yrs
    on April 23, 2018 at 5:25 pm

    NEW DELHI: The government plans to double the mandatory local content in electric vehicles to 70% in three years and impose heavy duties on imports to ensure that domestic manufacturing gets a big boost from the Rs 8,730-crore proposal to shift public transport to battery-operated vehicles.This has huge implications for domestic car makers such as Tata Motors and Mahindra & Mahindra, which are facing competition from foreign players like China’s BYD, which recently won tenders with […]

  • AI won't mean fewer jobs in India overall: Bibek Debroy
    on April 23, 2018 at 5:23 pm

    Artificial intelligence will not lead to a scenario where there are fewer jobs in the country, Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy said today.Debroy's comments came in the backdrop of several experts, including former RBI Governor Raghuram Rajan, expressing fears that artificial intelligence (AI) would take up jobs -- both high skilled and unskilled.Speaking at a Brookings India seminar on 'Manufacturing Jobs: Implications for Productivity & […]

  • Cong gets 91, BJP 89: K'taka heading towards photo finish, says Times Now-VMR survey
    on April 23, 2018 at 4:09 pm

    The Times Now-VMR survey in poll bound Karnataka shows that the state heading is for an absolute photo-finish and the way it looks now, JDS chief HD Kumaraswamy could well play the role of King maker. In the 224 member assembly, incumbent Congress is likely to get 91 seats while BJP is just two seats behind with 89 seats, The JDS gets 40. If polls were held now, neither Chief Minister Siddaramaiah nor Yeddyurappa are in a position to form a government, the survey said.In Central Karnataka, BJP […]

  • Here's why we are not talking about those big fat IIM salaries anymore
    on April 23, 2018 at 3:13 pm

    NEW DELHI: Salaries of graduates from India's top management institutes have started to plateau as campus hiring becomes a buyer's market. "Organizations continue to offer a substantial premium for Tier 1 talent but the hype around exorbitant packages at the campus has clearly been subdued," says Aon Campus Study 2017-18. MBA Tier 1 compensation at campus placements has displayed an average increase of 9.3% till 2016. However, since then this growth has begun to plateau at 3.3% annually. […]

  • After TCS, will Chandra's Midas touch work for TaMo, Tata Steel?
    on April 23, 2018 at 2:28 pm

    Software biggie TCS has delivered multibagger returns to investors since its listing in August 2004. What comes as the icing on the cake is it became the first Indian IT company on Monday to enter the $100 billion club in terms of market capitalisation under the group chairman N Chandrasekaran.That means an investment of just Rs 10,000 on the listing day would have now become over Rs 1.40 lakh (ex-dividend), translating into a return of over 1,300 per cent.Chandrasekaran as the captain has seen […]

  • Google CEO Sundar Pichai poised to cash in $380 million award this week
    on April 23, 2018 at 12:04 pm

    Google Chief Executive Officer Sundar Pichai is about to have a very big week.On Wednesday, an award of 353,939 restricted shares he received before a promotion in 2014 will vest. At the end of last week, the grant was worth about $380 million, making it one of the largest single payouts to a public company executive in recent years, according to data compiled by Bloomberg.Pichai, 45, who has led Alphabet Inc.’s Google since 2015, received the shares before his promotion to senior vice […]

  • Amit Jeswani on where to look for big alpha this year
    on April 23, 2018 at 10:54 am

    Talking to ET Now, Amit Jeswani, CIO, Stallion Asset, says alcohol stocks, hotel stocks, aviation stocks will be trending next and create the big alpha.Edited excerpts:We are seeing a sudden blowout in the markets in the last couple of sessions. Do you think Nifty will continue to be extremely volatile or is there finally some kind of an uptick? 2018 is going to be a volatile year but you need to look at large trends. The biggest trend for the last 10 years has been consumer stocks. The stocks […]

  • $100-bn m-cap: Start of the next run for TCS, says Chandra 
    on April 23, 2018 at 5:29 am

    In an interview with ET Now, N Chandrasekaran, Chairman, Tata Sons, says he is really proud of joining the $100-billion market-cap elite club.Edited excerpts: TCS now is part of the $100-billion club! It must be a very special feeling for you both as the Chairman of Tata Sons and also as someone who was the CEO of TCS? Thank you, it is a special moment and this is the moment we have been waiting for. I am really proud of it. Is this just the beginning of a turnaround for TCS? Clearly the […]

  • Former finance minister Yashwant Sinha quits BJP, says democracy in danger
    on April 21, 2018 at 8:06 am

    Former Union Minister Yashwant Sinha, who has been at loggerheads with the party leadership in recent years, announced on Saturday that he is quitting BJP. "Today I am taking 'sanyas' from any kind of party politics, today I am ending all ties with the BJP," Sinha while addressing the first meeting of Rashtra Manch, founded by him.Sinha said democratic institutions were being undermined under the NDA regime and vowed to work for the protection of democracy in the country. He said that though he […]

  • Mobile handset makers lay off sales staff to save costs
    on April 21, 2018 at 2:37 am

    NEW DELHI: Several mobile handset makers have laid off thousands of in-shop promoters, or sales people, in multi-brand shops and slashed salaries of many others to cut costs in a bitterly-competitive market, industry insiders said.Many notable brands including Lava, Intex, Micromax, Karbonn and even Chinese brands Oppo and Vivo have reduced the number of in-shop promoters — in some cases to nearly a third — over the past couple of months, they said."A lot of brands have been doing […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]