BUSINESS
Ethanol blending in petrol rose to 10.17% in 2022: Petroleum Minister
The Maruti Suzuki and Toyota Kirloskar Motor, TVS, Hero MotoCorp, Bajaj Auto, Honda Motorcycle, Yamaha and Suzuki motorcycles are displaying their working prototype of flex-fuel vehicles at the pavilion and these vehicles can take a range of ethanol blends varying from 20-85 per cent.
Torrent stalls Reliance Capital Resolution, COC approves 90 days extension to complete resolution process
NCLT Mumbai will resume hearing in the Reliance Capital resolution matter on Monday. In the hearing on Thursday, January 12, senior counsel Kapil Sibal appearing for RCAP's COC informed the court that the bid submitted by Torrent is non-compliant.
Zomato CEO Deepinder bought swanky sports cars after raising funds: Ashneer
"I am passionate about cars and it's not just me. Jaise Zomato ka founder hain Deepinder, sabse zyada shauk usko tha. Jab bhi uska round raise hota tha uski nai sports car aa jati thi toh hum bade chidte the (Deepinder Goyal was obsessed with luxury cars and would buy a new sports car after every fundraise and we used to get upset)," he said.
Layoffs begin at Ola, 200 employees to be impacted
The layoffs, which were first announced in September last year, happened across the teams. The company told IANS that it is "centralising operations and is undertaking a restructuring exercise to minimise redundancy and build a strong lateral structure that strengthens relevant roles and functions".
Tim Cook takes a hefty $35 mn pay cut amid rough global market
According to a new regulatory filing in the US Securities Exchange Commission (SEC), Cook's pay will drop from $84 million in 2022 to $49 million in 2023, at his own recommendation, reports The Verge. The pay change is entirely from an adjustment in his equity value.
Iconic global sandwich chain Subway heading for sale?
The Connecticut-headquartered quick-service food chain, known for its signature submarine (sub) sandwiches and wraps, has retained advisers to explore a sale, the Wall Street Journal reported, citing people familiar with the developments. Quoting people as saying that the process may attract potential corporate buyers and private-equity firms, the paper said that the process is still in its early stages and there is a possibility that the sale may not go ahead at all.
India hiked ethanol blending from 1.5% in 2013-14 to 10% in July 2022: Hardeep Puri
Addressing the CII Bio-Energy summit, Hardeep Puri said that setting up 2G refineries to make ethanol from parali (Panipat refinery) and bamboo (Numaligarh refinery) with the twin objectives of reducing pollution along with achieving energy security goals is another milestone in this direction.
Pakistan's forex reserves plunge to lowest level since February 2014
Thursday's announcement by the State Bank of Pakistan (SBP) came as the country is in dire need of foreign aid to reduce its current account deficit as well as ensure enough reserves to pay its debt obligations for the ongoing financial year, Geo News reported.
US inflation rate drops to 6.5%, driven by lower petrol prices
As a measure of inflation, the consumer price index (CPI) increase last month was lower than the 7.1 per cent reported in November. The Bureau of Labour Statistics said the drop was aided by the cooling of petrol prices which led to a decrease of the energy index by 4.5 per cent even as other components of the index rose.
Government's goal is to cut down on accidents by 50% by 2024 end: Nitin Gadkari at Auto Expo
The event will be open for businesses on January 13 from 11 a.m. to 7 p.m. It will open for the general public from January 14 to 18 from 11 a.m. However, the closing timings are 8 p.m. for January 14-15, 7 p.m. for January 16-17 and 6 p.m. for January 18. In his inaugural address, Gadkari urged the auto industry to enhance safety features in vehicles to reduce deaths due to road accidents.
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