first_imgMaruti Suzuki, India’s largest car maker appears to be preparing for an aggressive launch in the domestic market in the near future. The company, which recently took the wraps off its much anticipated Celerio in India, has now showcased a few interesting customised vehicles at the ongoing 12th edition of Delhi Auto Expo.Maruti’s Swift is undoubtedly one of the best offerings from the company for the Indian auto enthusiasts. The car has earned many accolades sine its foray into the auto market. Now the brand is trying its luck in the hot hatch segment with the sportier version of Swift – Swift Sport.Donned in yellow paint, the new Swift Sports flaunts a sporty and aggressive look. The car accommodates safety features like ABS (anti-lock braking system) with EBD (electronic brake force distribution), ESP, dual front, electronically adjustable side-view mirrors, dual airbags in the front, curtain airbags and a knee airbag for the driver. Other features of the car include HID projector headlights, automatic headlights, power folding wing mirrors, keyless entry and Bluetooth compatible music system.Under the hood, Swift Sports packs 1.6-litre 4-cylinder motor, which can churn out a power of 100PS at 6900RPM and a peak torque of 160Nm at 4,400RPM. The vehicle can accelerate from 0-100 kmph in 8.7 seconds and can attain a top speed of 193kmph.The company also unveiled a new avatar of its Swift Dzire called Swift Dzire Opula. The car houses a slew of features like dual tone seats, dual tone dashboard and a console fitted with display.last_img read more

first_imgTesla reports fourth-quarter loss, operating expenses soar412 viewsTesla reports fourth-quarter loss, operating expenses soar412 views00:00 / 00:00- 00:00:0000:00Tesla reports fourth-quarter loss, operating expenses soar412 viewsBusinessTesla released fourth quarter earnings late Wednesday that put the brakes on the luxury electric car maker. Costs from expanding its global sales network and developing the Model X crossover nearlyVentuno Web Player 4.50Tesla released fourth quarter earnings late Wednesday that put the brakes on the luxury electric car maker. Costs from expanding its global sales network and developing the Model X crossover nearlylast_img read more

first_img Volkswagen (VW) first sold a diesel vehicle in Britain equipped with software which rigged the result of emissions tests in 2008, UK managing director Paul Willis told the Commons Transport select committee on 12 October. It seems around 2008 from the information I have at the moment. I knew nothing about this subject until 19 September this year, when I first heard it on the news from the United States.During the hearing Willis answered questions from British lawmakers and vowed that Volkswagen would work to win back trust. He also said there were questions around the emissions testing process, and that the firm should discuss with British regulators the possibility of paying towards the re-testing of vehicles. Willis told Louise Ellman, the chair of the parliamentary committee, that the first recalls of the faulty models will take place in the first quarter of 2016.Were determined to get to the bottom of this, because we have to get to the bottom of this issue to regain the trust of our customers. We will call the cars back step by step and I intend in the United Kingdom to contact every single customer to try to call those cars back, said Willis. The Volkswagen managing director also defended allegations that it was a corporate decision to circumvent the emissions tests. I find it absolutely implausible that senior people of the company would have known of these issues with regard to the testing regime, he said.The biggest business crisis in VWs 78-year history has wiped about a third off its share price, forced out its long-time CEO, prompted investigations across the world and shaken both the car industry and German establishment. Closelast_img read more

first_imgVolkswagen may offer VW owners in Germany discounts on new cars if they turn in certain old models affected by the emissions scandal that has rocked Europe’s biggest carmaker, German news agency DPA reported on Sunday.Volkswagen is battling the biggest business crisis in its 78-year history after admitting last month it installed software in diesel vehicles to deceive U.S. regulators about the true level of their toxic emissions.The company has said it would recall around 8.5 million diesel vehicles in Europe that contained such software. The special offers would be available only in Germany, where around 2.4 million of the vehicles to be recalled were sold.Incentives for VW owners to buy new vehicles could help ensure that sales remain stable after the scandal and take pressure off VW dealerships to implement fixes quickly.Each German dealership will have to handle an average of 1,100 recalled vehicles, each of which will require at least an hour and a half of work, DPA said. That could result in a long wait for customers.The offer of discounts for new car buyers may focus on the owners of vehicles with 1.6 litre diesel engines, sources at Volkswagen and VW dealerships said, according to DPA. Those models need hardware changes, a more costly upgrade than the software changes needed for other affected vehicles.No decision had been made on the matter yet, DPA quoted a person familiar with the matter as saying.Volkswagen said in response that it was common for Volkswagen and its dealers to consider special offers for existing customers.last_img read more

first_imgAn Air India Airbus A320 passenger aircraft.ReutersAn Air India aircraft, bound for a flight to San Francisco, caught fire on Wednesday (April 24) night during a routine repair of the air conditioner at the Delhi airport.The auxiliary power unit (APU) of a Boeing B777-200LR (VT-ALF) flight, was damaged. The fire brigade was present at the scene and doused the fire immediately. According to reports, the plane was on the runway and was empty at the time of the incident.#WATCH Air India Delhi to San Francisco (Boeing 777) flight caught fire in Auxiliary Power Unit (APU) yesterday at Delhi airport. Fire started during AC repair. Air India terms it minor incident, plane was empty at the time of repair work, fire was doused immediately. pic.twitter.com/Og790FVABE— ANI (@ANI) April 25, 2019″Yesterday night at Delhi when an engineer was doing a routine technical examination of an empty aircraft (777), APU auto shut down took place. Airport fire personnel observed black fumes from the APU exhaust and believing it to be a fire hazard sprayed APU and part of the fuselage with foam spray,” a statement released by Air India on Thursday read. Twitter/ANIThey added, “After this event, APU was examined by opening its cowlings and there was no trace of any burn or external damage noticed except for the minor oil leaks traces, which was normal. A detailed inspection is going.”This is not the first mishap of an Air India aircraft. In October 2018, an Air India flight travelling from Tiruchirappalli to Dubai had unknowingly hit the perimeter wall while take-off. The pilots in the flight came to know of the incident when they were over the Arabian Sea. They had to turn back and make an emergency landing in Mumbai to repair the damage caused to the underside of the flight.last_img read more

first_imgJPMorgan Chase & Co, the biggest U.S. bank by assets, said it will repurchase up to $1.88 billion in common shares through the end of the second quarter.The repurchase under the bank’s 2015 capital plan is in addition to the $6.4 billion of shares authorized for repurchase by the board last year.The bank has got a non-objection from the board of governors of the Federal Reserve System to increase the amount for the share repurchase.last_img

first_imgIndian stock markets ended lower on Tuesday on account of profit-booking after rallying for two straight sessions. The BSE Sensex closed 88 points down at 28,064, while the broader NSE Nifty edged 30 points lower to end the day at 8,642.Top Sensex losers were Sun Pharma, Tata Motors, TCS, Wipro and HDFC, while index stocks that gained included Cipla, Adani Ports, State Bank of India (SBI), Tata Steel and Larsen & Toubro (L&T).Infosys closed at Rs. 1,050.95, down 1.16 percent from its previous close, on the BSE. The fall was on expected lines after the company informed in a media statement on August 13 that it would ramp down 3,000 employees after one of its clients, Royal Bank of Scotland, scrapped plans to list its UK standalone bank, Williams & Glyn (W&G). “Infosys has been a W&G program technology partner for Consulting, Application Delivery and Testing services, and subsequent to this decision, will carry out an orderly ramp-down of about 3,000 persons, primarily in India, over the next few months,” the company had said in its August 13 statement.The fall in Infosys share price also impacted other stocks and the BSE Information Technology sectoral index, which dropped 1.31 percent.Among other news that impacted the markets was the spike in wholesale inflation for July to 3.55 percent (provisional). Prices of food items rose at an even faster clip and was not on expected lines, according to an analyst.”The hardening of WPI inflation exceeded expectations. The surprise, yet again, came from high food prices, which pushed up inflation of primary articles and manufactured products. In the short term, we are seeing two major disturbing trends. Pulses inflation which had started to soften for the past couple of months has climbed back in July 16,” Anand Rathi Institutional Research said in a note on Tuesday.L&T lines up projects for NagpurEngineering and construction company L&T signed an agreement with the Maharashtra government to undertake a slew of projects in Nagpur under the “smart city” project.”The scope of work in Phase 1 will cover laying of 1,200 km of optical fiber network backbone, creating 136 City wifi hotspots at key locations, establishing 100 digital interactive kiosks and developing city surveillance systems with 3,800 IP based cameras,” the company said in a statement on Tuesday. The L&T stock ended at Rs. 1,505.45, up 1.15 percent from its previous close.last_img read more

first_imgSujeeth and Prabhas on Saaho setSaaho, a Prabhas and Shraddha Kapoor starrer, is one of the most awaited films of the year and audience across the country are looking forward to watching the visual extravaganza on August 15. But the film is likely not releasing on the given date.News that the film is being postponed is doing rounds on social media. Sources from the production house have revealed that the release of the film might be postponed by 15 days. It is now expected to hit the screens on August 30. An official confirmation from the makers is awaited.The reason for the delay in release due to the slow pace of work that is happening. The post-production works have begun just a couple of days ago and the lead actors are still working for some patchwork scenes. A lot of editing work is still pending, though the technical team has been working day and night. Since the beginning, there has always been a delay in the shootings and schedules. The makers have got a shock when music composers have said that they are walking out of the project. Finding composers have taken a lot of the time of the makers and that made way to delay in a lot of things. Source from the direction department says, “Except delay in post-production, there is no other reason for the delay, in case it is really going to get delayed. It is of course for the betterment and I think the delay of Saaho is going to make way for many other films to lock that date for release. The film has been wrapped up on Tuesday and we are hoping to release it as early as possible to keep up the promise.”Many films have made their way for Saaho and have chosen other dates to release their films. If Saaho gets delayed, it is going to be difficult for distributors and producers of other films to adjust dates and theatres. Let us see what happens.last_img read more

first_imgRajnish KumarYoutube screenshotTackling bad loans will be a priority for India’s largest bank, said newly minted chairman of State Bank of India, Rajnish Kumar, addressing his first press conference since the appointment was announced late on Wednesday.Reuters reported Kumar as saying that SBI had tackled issues that came as a result of merging five subsidiary banks into itself earlier this year and would see asset quality numbers “looking much better”.SBI, which accounts for more than a fifth of India’s banking assets, has seen bad loans rise after following the associate bank mergers.Kumar, who is set to take charge of the bank as Chairman on October 7, replaces Arundhati Bhattacharya, who implemented major reforms during her four years at the helm and became one of India’s most high-profile executives.Kumar informed that post amalgamation of the five associate banks and the Bharatiya Mahila Bank with SBI, the latter so far has merged a shade under 1,000 branches with nearby branches and there may be 200-300 branches more that will be merged. A major part of the branch merger process has been taken care of.Reviving credit growthReviving credit growth and resolution of stressed assets will be top priority for SBI, Rajnish Kumar said.Digital transformation so that the bank is ready for the future will continue to get attention, said Kumar, who is currently Managing Director (National Banking Group), SBI, in a conference call with the media on Thursday.The Hindu reported Rajnish Kumar as observing that India’s largest bank is in the process of revamping HR, including skills development, performance improvement, and succession planning, in a major way.”SBI is systems and process driven…I will be reviewing (in the next 30 days) all the action plans (short-term and long-term) which are already happening in the bank — what is working, what is not — and what is the course correction that is required,” he said. The new logo of State Bank of India (SBI) is pictured at the podium of the venue of a news conference after the announcement of SBI’s fourth quarter results in Kolkata on May 19, 2017. REUTERS/Rupak De Chowdhuri/File PhotoReutersRegarding the RBI’s proposal to link lending rates with external benchmarks, Kumar said the benchmark rate should apply to both assets and liabilities. He said, “It cannot be a one-sided affair… any change in the methodology should ensure that the pricing of the loan product and liability product will have to move in tandem.”He emphasised that the margin (net interest margin) needs to be sufficient to cover credit costs. SBI is all for transparency in the pricing regime of loans, Kumar said.last_img read more

first_imgIBTimes poll survey resultsMany viewers have voted for Baba Bashkar and Tamanna Simhadri in the elimination round from the house of Bigg Boss Telugu 3, in the third week in the poll conducted by International Business Times, India.Instead of the secret room, Big boss held the nominations for elimination openly in the living area. He asked everyone to put the nomination seal on the faces of the two housemates who they want to send out of the house. After everyone it, he announced that five contestants like Tamanna, Punarnavi, Vithika, Bashkar and Rahul were nominated for elimination from the house of Bigg Boss Telugu 3 in the third week.The audience were given the option to vote through phone calls and Hotstar App to save their favourite inmates. The voting process ended at Friday midnight and Nagarjuna is set to show the doors to one of these five contestants on Saturday or Sunday night. The viewers are eagerly waiting to see who will walk out of the house.IBTimes India conducted a survey to predict the contestants, who the audience wants to eliminate from Bigg Boss Telugu 3 in the third week. Our poll has got a huge response with thousands of casting their votes in it. Here are the results of our survey.In IBTimes India’s poll, Vithika Sheru, Punarnavi Bhupalam and Rahul Sipligunj have received 11.73, 10.75 and 7.53 per cent of the total votes and they are third, fourth and fifth options for elimination, respectively. Baba Bashkar is the first choice for eviction with 37.04 percent of our readers opting for him to out of the show. Tamanna Simhadri has got 32.95 percent votes and she is the second choice for the elimination.Among the top two choices, Baba Bashkar is very friendly and cordial to other housemates. He has always maintained distance from fights and arguments and tried his best to entertain the viewers. On the other hand, Tamanna Simhadri has also been entertaining, but at times, she was irritating with her overacting and fights with Ravi and a few others. It should be seen who among them would be shown the doors by Nagarjuna.last_img read more

first_imgZakir NaikReutersMalaysia’s cabinet discussed the permanent residency of Indian Islamic preacher Zakir Naik on Wednesday, with three ministers demanding his expulsion for allegedly making racially sensitive remarks in the multi-ethnic nation.Naik, who has lived in Malaysia for about three years and faces charges of money laundering and hate speech in India, has come under fire for his recent comments that Hindus in the Southeast Asian country had “100 times more rights” than the Muslim minority in India.Race and religion are sensitive issues in Malaysia, where Muslims make up about 60 percent of its 32 million people. The rest are mostly ethnic Chinese and Indians, most of whom are Hindus.The Malaysian ministers said Naik’s comments may have been aimed at driving a wedge between Muslims and non-Muslims in Malaysia, an allegation that Naik denied.”We have expressed our position, which is that action must be taken and that Zakir Naik should no longer be allowed to remain in Malaysia,” Gobind Singh Deo, minister of communications and multimedia, said in a statement.”The prime minister has taken note of our concerns. We leave it to him to consider the position and to decide soonest possible what will be done to deal with the problem,” he added.M Kulasegaran, minister of human resources, and Xavier Jayakumar, the minister of water, land and natural resources, also released statements urging Prime Minister Mahathir Mohamad to expel Naik.Naik, who has repeatedly rejected the charges against him in India, said his detractors were quoting him out of context to malign him.”My praise of the Malaysian government for its Islamic and fair treatment of Hindu minorities is being twisted and misquoted to suit political gains and create communal rifts,” he said in a statement on Wednesday.Malaysian state news agency Bernama quoted Mahathir as saying late on Tuesday that Naik cannot be sent back to India due to fears for his safety.”If any (other) country wants to have him, they are welcome,” Mahathir said.India banned Naik’s Islamic Research Foundation in late 2016, accusing him of encouraging and aiding its followers to “promote or attempt to promote feelings of enmity, hatred or ill-will between different religious communities and groups”.last_img read more