ROLL OUT PROMOTIONS
What's draining the juice out of electric two-wheeler makers' battery
Sales of e2Ws plummet due to policy inconsistencies, supply chain issues with Chinese suppliers, and expectations for FAME III rollout, impacting top manufacturers like Hero Electric, Okinawa, and Ampere.
Budget 2024: EV makers seek stability in incentives, call for long-term subsidy assurance before FAME III roll out
Budget 2024: The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme was originally launched in 2015 to encourage the adoption of electric and hybrid vehicles. Under it, a subsidy was provided to EV makers who used it to lower the prices of their products. The second edition, FAME-II, was introduced in 2019 and went on till March 2024 when it was scrapped. There has since been a steep slowdown in EV sales, according to a report by the Federation of Automobile Dealers Associations.
Modi 3.0 takes aim: Blueprint to make the Indian armed forces future ready
India faces growing security challenges from China and Pakistan, prompting calls for a robust and integrated defence strategy. This includes bolstering nuclear deterrence, enhancing military capabilities, and pushing for systemic reforms in defence production and organization. The new government must prioritize these measures to ensure national security and strategic autonomy in the coming years.
Keen to learn about financial markets? Sebi rolls out free investor certification exam
Developed in collaboration with the National Institute of Securities Markets (NISM), this voluntary certification aims to help investors assess their knowledge of markets and investing. It is designed to provide individuals with comprehensive insights into investing in the Indian securities markets.
Mutual fund houses roll out manufacturing sector-focused schemes; should you bet on this hype?
The buzz around manufacturing sector is driving AMCs to roll out new funds.
Google rolls back AI search feature after flubs and flaws
The disappearance of AI Overviews for some of the searches appeared to be part of a broader rollback after the new technology produced a litany of untruths and errors -- including recommending glue as part of a pizza recipe and suggesting that people ingest rocks for nutrients. Users loudly complained on social media about the mistakes, in many cases outright making fun of Google.
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FAME 3 likely to be rolled out soon with Rs 10,000 crore outlay
The third edition of the Modi government's FAME scheme, worth Rs 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.
Govt rolls out mandatory quality norms for asbestos cement products
To safeguard the domestic small/micro industries and ensure smooth implementation of the QCO and ease of doing business, relaxations have been granted to small/micro industries as regards to timeliness. An additional nine months have been given to small industries and an additional 12 months to micro industries to meet the norms.
Turnout's turning out all right
Out of the 17 Lok Sabha elections starting from 1951, voter turnout exceeded 60% on only seven occasions. The threshold of 65% was reached only in 2014 and 2019. Despite concerns about declining turnout, the first four phases of the current elections have recorded a turnout of 66.95%. In terms of absolute numbers, 451 million people have already cast their votes. The addition of postal ballots on counting day is expected. If this turnout rate continues in the remaining three phases, 2024 could mark only the third general election to surpass the 65% mark.
PFC seeks legal view on Shapoorji Pallonji promoters' Rs 15,000 crore loan ask
State-owned Power Finance Corp (PFC) is seeking legal counsel regarding the approval of a ₹15,000 crore loan to the promoters of the Shapoorji Pallonji (SP) Group, leveraging their 18.37% shareholding in Tata Sons as collateral. Earlier this year, the Mistry family, who are the promoters, proposed obtaining funds from the lender based on cash flows from their real estate business and their Tata Sons shares.
View: Time for hum do, hamare do 2.0?
While demographic and lifestyle changes have led to this global trend, most countries have failed to acknowledge and reward their women for the socioeconomic value of their ability to reproduce. Instead, women feel penalised by being unpaid and unrecognised producers, nurturers and caregivers. And even when they are rewarded, it is often too late. For instance, South Korean construction group Booyoung is offering workers a $75,000 bonus for each baby they produce when the country's fertility rate dropped from 0.78 in 2022 to 0.72 in 2023. The administration has spent $270 bn in incentives since 2006 to improve the birth rate.
Vi board meets Saturday to discuss Rs 20,000 cr fundraise
Vodafone Idea (Vi) plans to raise funds via a preferential share issue on April 6, following shareholders' approval of a proposal to raise ₹20,000 crore through equity and equity-linked instruments. The company expects to complete the equity fund raise by the end of June, with promoters expected to infuse around ₹2,000 crore.
Harman rolls out slew of initiatives to hire LGBTQ+ individuals
The US audio solutions company, wholly owned by Samsung Electronics, has taken steps to establish an inclusive workspace through infrastructural adjustments, including the implementation of gender-neutral washrooms and enhanced accessibility for individuals with varying abilities.
Tesla at the gates, India rolls out red carpet for global EV makers
Under the new EV policy, companies pledging to manufacture in India can import up to 8,000 EVs annually at a substantially reduced customs duty rate of 15%. The policy document stipulates the allowance for the carryover of any unused annual import quotas
Google rolls out changes for users, apps developers as EU tech rules loom
Designated as gatekeepers controlling millions of users and businesses' access to their platforms, Google, Amazon, Apple, Microsoft, Meta Platforms and TikTok owner ByteDance will have to be compliant with the Digital Markets Act (DMA) on March 7.
Expeditious roll-out of PM MITRA to help attract large investments, FDI in textiles: Experts
Expeditious implementation of PM MITRA parks will attract investments, create employment, and address challenges in the textile industry. The parks aim to reduce logistics costs, attract FDI, and receive financial support. Achieving the target of doubling the textile base requires a stable industrial/textile policy.
Industry leaders resent Karnataka's diktat to MNCs to display number of Kannadigas on their rolls
After the government tabled the Kannada Language Comprehensive Development (Amendment) Bill in the legislative council on Tuesday, Kannada and culture minister Shivaraj S Tangadagi said MNCs must display the number of Kannadigas employed on notice boards on their campuses. Failure to do so, he added, might lead them to lose licences.
Govt rolls out mandatory quality norms for electrical accessories
Under this order, items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark. The order will come into force from six months of the date of publication of the notification, DPIIT said.
PM Modi rolls out new projects, hails TN for its cultural leadership; bets on nationalism
Prime Minister Narendra Modi inaugurated projects worth Rs 20,140 crore in Tamil Nadu, including those related to air and seaports, railways, highways, petroleum, natural gas, atomic energy, and higher education. The projects aim to strengthen the state's progress, boost ease of travel, and create employment opportunities. Modi praised TN's cultural inspiration and urged support for the flood-affected region.
'Govt, World Bank to work on project to promote mfg, supply of affordable cooling devices'
The Indian government and the World Bank are collaborating on a comprehensive project to promote the manufacturing and availability of affordable cooling devices in the domestic market. The project will focus on capacity building, introducing or disseminating better technologies for super-efficient air-conditioners, and addressing the increasing demand for these products due to the intensifying intensity and frequency of severe heat waves in the country.
WhatsApp rolls out campaign to raise user safety awareness, fight misinformation
The month-long campaign highlights the Meta-owned messaging platform's in-built product features, safety tools like block and report, and forward labels that equip users to spot misinformation and prevent its circulation.
Govt rolls out mandatory quality norms for helmets for police force, water dispensers
The Indian government has introduced mandatory quality norms for helmets for police force, bottled water dispensers, and door fittings in an effort to reduce the import of sub-standard goods and promote domestic manufacturing. The Bureau of Indian Standards (BIS) mark will be required on these items to ensure compliance. The new regulations will come into effect in six months, with additional grace periods for small and micro industries.
Delay in roll-out of e-commerce policy, consumer protection rules damaging domestic retail trade: CAIT
The Confederation of All India Traders (CAIT) has criticized the delay in implementing a national e-commerce policy and consumer protection rules, claiming it has allowed foreign e-commerce players to harm domestic retail trade. CAIT expressed concern over the delay, stating that it has caused significant losses for small and medium retail traders and has forced many to close their businesses.
Indian Navy rolls out '360 degree appraisal mechanism'
The Indian Navy has introduced a new '360 degree appraisal mechanism' for promotion boards to address the limitations of the current top-down approach. The new mechanism will include large-scale surveys from peers and subordinates to assess an officer's professional knowledge, leadership attributes, suitability in war/crisis, and potential for higher ranks. The feedback obtained will be analyzed by a Board of Officers and given to the officers for behavioral changes and improvements. The Indian Navy aims to adopt best practices and maintain a combat-ready and future-proof force.
Uber Eats to roll out AI features, more payment options
Uber Eats will get a dedicated section to showcase promotional offers called "Sales Aisle". The new features are set to roll out this year or in 2024. Food delivery platforms have been investing in AI as they attempt to offer a more curated service and make their apps more convenient.
Government rolls out mandatory quality norms for solder wires
The Indian government has introduced mandatory quality norms for solder wires used in the electronics and engineering industry. The move aims to curb the import of sub-standard goods and promote domestic manufacturing. The Department for Promotion of Industry and Internal Trade (DPIIT) issued a notification stating that solder wires must bear the Bureau of Indian Standards (BIS) mark to be produced, sold, traded, imported, or stocked.
China's Baidu rolls out ChatGPT rival to public
China's Baidu rolled out its ChatGPT rival ERNIE Bot to the public on Thursday, in a major leap for the country's tech sector as it aims to cash in on the global artificial intelligence gold rush.
Govt rolls out quality norms for electric fans
The government has issued mandatory quality norms for electric ceiling fans to curb the import of sub-standard goods and boost domestic manufacturing of electric fans.
Government rolls out mandatory quality norms for nuts, bolts
The Indian government has implemented mandatory quality norms for nuts, bolts and fasteners to curb the import of sub-standard goods and boost domestic manufacturing of these products. Items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark.
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