BUSINESS
'Without any care for customers...': Foreign national narrates his pathetic experience on Air India flight
Narrating his bad experience in the Air India flight on January 5, Loic Sanlaville, on his Facebook page, wrote that he found out that his flight to Delhi was cancelled while reaching Paris airport. "You made everyone wait 1h30 before finally sending a bus to drive us to a hotel. Finally left the day after in an aircraft without a screen, without reading light, without water in the toilet (when I flushed, the button fell down!!!)."
L&T sells business division to subsidiary L&T Technology Services for Rs 800 cr
According to L&T, the SWC business comprises the smart and safe segment and communications segment (including all software platforms, IPs related to these segments and employees) of SWC business. The transaction excludes the military communications segment and certain identified customer contracts.
We are looking at much bigger ambitions in our trade with US: Piyush Goyal
India and the US have decided to focus instead on greater market access, ease of doing business between the two countries and a larger footprint regarding trading, investment and business, the Minister said on Wednesday. Two specific targets for this elevated engagement were semiconductors and defence production.
Toyota displays modified off-road Hilux concept
The company also displayed an electric vehicle, the bZ4X, the first model to use the new e-TNGA electric vehicle architecture developed in collaboration with Subaru. Hydrogen-based vehicles like Mirai - a fuel cell electric vehicle (FCEV), Corolla Cross H2 Concept, fuel cell system module and xEV technology vehicles like Prius and Corolla Altis were also shown during the event.
Policy on setting up ethanol pumps is in works, says Nitin Gadkari
Addressing the Bio-Energy summit organised by industry body CII, he said that he would be meeting Petroleum Minister Hardeep Puri within the next 15 days to work on a policy to set up ethanol-based pumps in the country. The minister added that there is a requirement of 1,000 crore litre of ethanol if it is blended with petrol by up to 20 per cent.
Infosys posts Rs 6,586 crore net for Q3
In a regulatory filing, it said it had closed quarter ended December 31, 2022 with a revenue of Rs 38,318 crore (Rs 31,867 crore in Q3FY22) and a net profit of Rs 6,586 crore (Rs 5,822 crore). The company also said it is closing down its Moscow branch.
ED arrests head of Karan Group Builders & Developers in Rs 500 cr fraud case
"Our investigation revealed that the complainant had invested a total of Rs 526 crore in different real estate projects undertaken by various groups and individuals. Subsequently, this amount was siphoned off by showing it as to be paid to various persons and collecting cash and commission in lieu of bank entry," an ED official said.
Bank staff to strike work on Jan 30, 31
The decision was taken at a meeting of UFBU held in Mumbai on Thursday. "UFBU meeting was held today in Mumbai. since there is no response from Indian Banks' Association (IBA) on our demands despite letters, it has been decided to revive our agitation and to give a call for strike on January 30 and 31
Maruti Suzuki unveils Jimny and Fronx, bookings open
The company also revealed the Fronx in India and the SUV will be sold through Nexa dealerships. "With these launches, the company aims to take leadership spot in the SUV segment in India by FY 23-24," said Hisashi Takeuchi, MD and CEO of Maruti Suzuki
Paytm will be key beneficiary of India's UPI incentive scheme: Morgan Stanley
The Union Cabinet on Wednesday approved the incentive scheme of Rs 26 billion for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for FY23, compared with Rs 15 billion in FY22. "Apart from banks, Paytm should be a key beneficiary of the above. On our estimates, Paytm would have received 5-7 per cent of the FY22 incentive
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