Author: News Desk
India is a fast-growing aviation market in the world. Soon, India would be one of the top three countries in airline traffic: PM. The next five years would see millions of new passengers. The whole scenario would change within the next 10-15 years. India will need 2,000 new passenger and cargo aircraft. The upcoming C-295 military transport aircraft facility in Gujarat would enhance the aerospace sector. It can improve India’s aerospace and defence sectors. It is a joint venture of Tata Advanced System and Airbus Defence and Space of Spain. It will manufacture 40 transport aircraft for the Indian Air…
Jamshed J. Irani, popularly known as the “Steel Man of India,” passed away on Monday at the age of 86 at Jamshedpur’s Tata Main Hospital. Irani worked for Tata Steel for more than 40 years, and the corporation tweeted about his passing to the public. In June 2011, Irani stepped down from the Tata Steel Board of Directors. Jamshed J. Irani: Who was he? Irani was born on June 2, 1936, to Jiji and Khorshed Irani in Nagpur, Maharashtra. In 1956, he completed his BSc from Science College in Nagpur, and in 1958, he graduated from Nagpur University with his…
Kawasaki has given a sneak peek of the first electric motorcycle it will shortly introduce to the world market. The brand-new electric motorcycle was first observed in operation at the Suzuka 8-Hour competition and is still in the prototype stage. At the Intermot motorcycle trade show in Cologne, Germany, the prototype was on display. By 2025, Kawasaki intends to sell more than ten electric and hybrid motorcycles. According to Kawasaki Motors President Hiroshi Ito, the automaker plans to internationally debut at least three electrified vehicles in 2022. The event’s prototype served as the model for a real machine that would…
The edtech behemoth is reportedly aiming to downsize operations in over 60 cities throughout the nation as the fallout from BYJU’s major layoffs of 2,500 employees earlier this month continues to settle. Instead of meeting with consumers in person, inside sales representatives communicate with them over the phone or online. In addition, sales touch points will be BYJU’S Tuition Centers and Aakash coaching centres. The leading provider of educational technology has also tied the pay of thousands of its salespeople to goals met. Members of the sales team have been instructed to choose fixed wage ranges in line with their…
Mohammed bin Salman, the Saudi Crown Prince and recently chosen Prime Minister of the Kingdom, is expected in New Delhi on November 14 on a brief one-day visit. Before travelling to Bali, Indonesia for the G20 Leaders Summit, he will have meetings with Prime Minister Narendra Modi, External Affairs Minister S. Jaishankar, and National Security Advisor (NSA) Ajit Doval. The schedule is still being finalised, and the visit has not yet been formally announced. A source claims that the main topics of discussion between the leaders of India and Saudi Arabia will be trade and investment. This fiscal year, commerce…
With the launch of “Legacy,” Bacardi India declared its entry into the market for Indian-made whisky. This is the first made-in-India whisky produced by the alcohol industry. According to the company, it has already begun selling its product in Maharashtra, Telangana, and Uttar Pradesh, with intentions to do so in more states in the near future. It is a premium whisky made from Indian and Scottish malts with Indian grains. After bringing its global whisky portfolio to India a little over four years ago, Bacardi, which is primarily renowned for its white rum varieties in that country, now distributes two…
UAE amended provisions to the value added tax (VAT) rules. It will be effective from January 1, 2023.. Came in light of the GCC Unified VAT Agreement. VAT rule will undergo three significant changes: VAT registration can be exempted if all of a person’s supplies are zero-rated.Setting a 14-day window for releasing a tax credit note to pay output taxFTA to forcibly deregister registered persons in some circumstancesThe Gulf state levies no income taxesBut at the start of 2018, the UAE enacted a 5% value-added taxUAE collects a tourism tax equal to about 10% of the price of a hotel…
More than 150 entrepreneurs participated in the business exchange program that detailed business opportunities in Ras Al Khaimah, UAE. The participation of young entrepreneurs from different parts of the state was remarkable in the program organised by Kerala Startup Mission, Channeliam.com and various business organisations. During the program held at Integrated Startup Complex at Kerala Startup Mission Kochi, the delegations from Ras Al Khaimah Economic Zone spoke in detail about the business opportunities available there. Rakez CEO Rami Jalad said that entrepreneurs from Kerala can start an office with an investment of Two lakh eighty thousand rupees and take advantage…
Chinese smartphone maker Xiaomi Corp is winding down its financial services business in India. The company recently pulled its Mi Pay and Mi Credit apps in India. From the local Play Store and its own app store. Mi Pay is no longer listed among the recognised apps by regulatory body National Payments Corporation of India (NPCI). Mi Pay allowed users to make bill payments and money transfers.
Hero MotoCorp has new plans for the automobile sector. It plans to introduce autonomous vehicles and B2B vehicles. High-performance electric motorcycles are also on the anvil. Hero MotoCorp is India’s largest two-wheeler producer. It ventured into the electric scooter market in Octobe.r On October 7, it introduced an electric scooter under the brand Vida. This premium category’s prices begin at Rs 1.45 lakh. The company plans to launch its variants. It also offers services such as Mobility as a Service (Maas) and Battery as a Service (Baas).