Evolution of Journalism & Storytelling

What is journalism? A quick google will fetch you something like this, "the activity or profession of writing for newspapers, magazines, or news websites or preparing news to be broadcast." In this definition news appears twice, now think what is news? Is it just an acronym formed by taking the four directions which are north, east, west, and south, or something more. One can relate the term news with anything new happening around him or her. It means newly received or noteworthy information, es
The Financial Express •

JLR sales show recovery, down by 0.5 per cent

Retail sales of Jaguar Land Rover, UK subsidiary of Tata Motors, for the month of September showed signs of recovery and stood at 56,832 units, a slight decrease by 0.5% year-on-year on back of encouraging sales in China and Europe. The company sold a total of 1,28,953 units in the quarter ending September. The company had reported a 6.7% decrease in sales in August. The sales had increased by 5% in July. Prior to that it declined by 9.6% in June and 12.2% in May, affected by consumer sentiment
The Financial Express •

‘Major part of our expansion will be in Tier-II and Tier-III cities’

Luxury automaker BMW, which currently enjoys a 25% market share in the segment, is expanding its network in Tier II and Tier III cities. The automaker has been gaining market share in the last few quarters. Rudratej Singh, president & CEO, BMW India, tells FE’s Shasahnk Dipankar on how the company is faring in the current environment. Edited excerpts: How has the luxury car market been performing in the car market? The luxury car market has been shrinking in excess of 20% plus this year, which
The Financial Express •

Merger of Volkswagen subsidiaries to help in sustaining profitability: Zac Hollis

India continues to be one of the primary markets for Skoda Auto. Zac Hollis, director- sales, service and marketing at Skoda India, tells FE’s Shashank Dipankar that the company is channelising its efforts to ensure a continuous product pipeline and introduction of innovative technologies that are relevant to the market. Edited Excerpts: You are launching a new vehicle in an environment where the demand slowdown is worst in 20 years. How has this period been for Skoda? The automotive industry
The Financial Express •

Ashok Leyland announces further production cuts

Commercial vehicles manufacturer Ashok Leyland on Friday announced non-working days ranging from 2 to 15 days at several of its plants during October in order to align production with sales, as sales continued to see a sharp fall in September. The announcement came in the backdrop of yet another month of disappointing sales for the company. The CV manufacturer reported a 57% decline in its domestic sales at 7,851 units in September, compared with 18,078 units same month last year. The segment
The Financial Express •

Hero Electric partners with CSC E-governance Services

Hero Electric on Thursday announced partnership with Common Service Center E-Governance Services to promote e-mobility in rural and under-developed parts of the country. As part of the partnership, Hero Electric will provide its eco-friendly products to CSC E-Governance to further reach rural areas and promote electric mobility adoption. The CSC E-Governance will provide these electric vehicles to the residents of these areas, under the partnership, through their own CSC channels, enabling them
The Financial Express •

M&M to drive Ford brand in India, takes 51% in JV

Realignments in the auto sector continue, with Mahindra and Mahindra announcing on Tuesday that it has signed a definitive agreement with Ford Motor Company, the fifth largest automaker in the world, to jointly develop, market and distribute Ford brand vehicles in India. While M&M will own a 51% controlling stake in the JV valued at $275 million (Rs 1,925 crore), Ford will hold 49%. Global automakers have been struggling to make profits in India, given that around half the market is controlled
The Financial Express •

Tax relief to lead to more investments, unlikely to impact real estate

The government’s move to reduce the effective rate of corporate tax to 25.17% on Friday is expected to boost profits of infrastructure companies and encourage re-investments into infrastructure projects. Industry officials say that the move will lead to an estimated reduction of around 9% in their tax expenses. However, the impact will be limited for the real estate sector unless consumer demand picks up. The tax reduction is unlikely to be transferred to the customers in the real estate indust
The Financial Express •

Drones are coming: Maharashtra govt ties up with Zipline to deliver medicines

The Maharashtra government on Monday announced a partnership with US firm Zipline to use autonomous delivery drones to deliver emergency medicines and critical care across the state. The initiative will be supported through a grant system from Serum Institute of India (SII). The new service is expected to begin operations in early 2020. It is part of the state government’s vision of using drone delivery to establish universal, seven-days-a-week access to life-saving and critical medicines for e
The Financial Express •

General Motors to transfer 1,300 staff to TCS for global vehicle engineering programme

American auto giant General Motors (GM) and Indian IT major Tata Consultancy Services (TCS) have announced a new partnership in future global vehicle engineering. This builds on the 16-year relationship between the two companies. Under the terms of the agreement, TCS will acquire certain assets at the GM Technical Center-India (GMTC-I), Bengaluru, and will partner with GM, supporting its global vehicle programmes with engineering design services over the next 5 years. Over 1,300 employees of GM
India Finance News •

Mercedes Benz India pulls out all stops to cope with current market

Owners of these 3 models models can upgrade maximum twice at zero cost within the time period. Mercedes-Benz (MB) India is rolling out the red carpet for buyers so that they don’t defer their purchases in the current environment. The luxury carmaker introduced value-based financial programmes under the umbrella ‘Wish Box’ last month to aid sales. One of its offerings under the Wish Box scheme is ‘Key to Key’ where a customer can drive an existing GLE, GLS or S-Class and upgrade to a brand new g
The Financial Express •

Car sales slump: Mahindra extends plants shutdown for 3 days

With retail sales not picking up, Mahindra & Mahindra (M&M) has extended its plant shutdown period by three days as demand remains weak and inventory at dealers is still higher than normal. The company had last month announced it would keep its plants shut for 8 to 14 days in the July-September quarter. In a stock exchange filing, the Mumbai-based automaker said its automotive sector plants will be shut for an additional three days, while the farm equipment manufacturing plants will be shut for
The Financial Express •

Five Ashok Leyland plants to see shutdown in September

On account of weak demand, commercial vehicle manufacturer Ashok Leyland on Monday announced that five of its plants would observe non-working days in September. According to the filing by the commercial automobile giant, the Ennore plant will shut operations for 16 days. The number of non-working days will be 1-2 at the Hosur plant, five at CPPS and 10 each at Alwar and Bhandara. Pantnagar will see 18 non-working days. The company, in its regulatory filing, stated, “We write to inform you tha
The Financial Express •

TCS expands partnership with Norway’s Posten Norge

Tata Consultancy Services (TCS) on Thursday announced that it had expanded its partnership with Posten Norge (Norway Post) to build a digital stack to enable product innovation and superior customer experience. According to a company statement, the expanded partnership aims to develop modern, intelligent and automated solutions for Posten. This move will accelerate Posten’s growth by enabling adoption of agile working methods, harmonising IT services and driving automation. Commenting on the e
The Financial Express •

US sues to prevent Aditya Birla group subsidiary’s acquisition of Aleris

The US Department of Justice on Wednesday said it has filed a lawsuit against Novelis, a major aluminium company fully owned by India’s Aditya Birla Group, seeking to stop it from acquiring rival player Aleris over concern that the acquisition would create a monopoly in aluminium industry.A defiant Novelis asserted that it will challenge the lawsuit and is going ahead with its proposed acquisition of Aleris Corporation. Atlanta-headquarters Novelis is a wholly owned subsidiary of Hindalco Indus
The Financial Express •

Lupin inks $700 million licence agreement with Boehringer

Lupin on Wednesday announced it has entered into a licensing agreement with Boehringer Ingelheim to develop its MEK inhibitor compound as a potential targeted therapy for patients with difficult-to-treat cancers. The partnership aims to develop Lupin’s lead MEK inhibitor compound in combination with one of Boehringer’s innovative KRAS inhibitors for patients with gastrointestinal and lung cancers harbouring a broad range of oncogenic KRAS mutations. According to a company statement, the total
The Financial Express •

Rural crisis: Tractor-sales head for 5-7% de-growth in FY20: Crisil

Tractor industry is going to witness a de-growth in sales by 5-7% in FY20, according to a Crisil report. Weak growth in rural income, moderation in rural infrastructure spending, higher channel inventory and the effect of a high base will lead to de-growth in tractor sales volume by 5-7% in FY20 from an all-time high of 8.78 lakh units in FY19, the report said . The tractor industry is heavily dependent on rural incomes and monsoon. “Rural incomes were impacted towards the second half of last
The Financial Express •

Rough ride: Woes in auto industry far from over

Top players of the automobile industry feel that recent measures announced by finance minister Nirmala Sitharaman would certainly help in boosting the consumer sentiment, but the GST rate cut from 28% to 18%, which they were demanding, would have been the real demand stimulant. However, that was missing from the announcements made on Friday. On Friday, Sitharaman announced a slew of measures to tackle slowdown faced by the automobile industry. Measures included, BS-IV vehicles bought up to Marc
The Financial Express •

Mukesh Ambani’s Reliance retail to focus on New Commerce platform

Reliance Retail’s main focus will be the ‘New Commerce’ platform, which is in line with the firm’s belief that technology and digital is the future of the retail industry. Reliance Retail chief operations controller Ashwin Khasgiwala said: “We are busy building the ‘New Commerce’ platform through which we will connect Indians to kirana stores across the nation. It is a tech-enabled partnership which would link producers, traders, small merchants, consumer brands and consumers.” Reliance Industr
The Financial Express •

Mukesh Ambani’s Reliance sees a $700 billion opportunity in New Commerce

Reliance Industries (RIL), which is planning to create India’s largest online-to-offline (O2O) e-commerce platform called New Commerce, plans to use tech-enabled partnerships that would link producers, traders, small merchants, consumer brands and consumers. Calling New Commerce as a new business opportunity of $700 billion, chairman Mukesh Ambani said, “The main purpose of New Commerce is to completely transform the unorganised retail market, which accounts for 90% of India’s retail industry.”
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