M&M, Mercedes-Benz, Toyota move SC on New Delhi's ban on diesel vehicles
Posted on 4th January 2016 |
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| Aggrieved carmakers have joined hands and moved the Supreme Court against Delhi government's order the ban on diesel vehicles registration. On Monday, Mahindra & Mahindra, Toyota and Mercedes-Benz moved the Supreme Court seeking a modification in the order calling for a ban on the registration of diesel cars/ SUVs above 2,000 cc engine in the NCR region. The SC issued a ban on the registration of any new diesel cars in the state and the NCR region till March 31 to curb dangerously high levels of pollution. The Court had also said that only CNG-run taxis will be allowed to ply in Delhi and NCR. The announcement came soon after the National Green Tribunal recently sought a ban on the sale of any new diesel cars in the national capital till January 6. The NGT also directed that vehicles older than 10 years should be phased out completely. It came along with the recently-implemented odd-even plan from the Arvind Kejriwal-led Delhi government, which allows odd and even numbered cars to ply the roads on odd and even dates, respectively. The SC will hear the plea on Tuesday. Commenting on the SC order, M&M executive chairman Pawan Goenka had said that the NGT diesel vehicles ban is injustice for the entire automobile sector. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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