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battery electric vehicles, Suzuki Motor Corp. Executive Vice President Kenichi Ayukawa said. First, the goal is for Maruti Suzuki India Ltd., the Japanese carmaker’s subsidiary, to grab 50% market share by 2030, from around 40% for the fiscal year through March. “We’re confident that the Indian market will expand in the mid to long term,” Ayukawa said in an interview. The emergence of India as an economic powerhouse and its expanding middle class present a clear opportunity for the Hamamatsu-based manufacturer, which has been active in the South Asian nation since 1983 and has found success as the top-selling automaker with models such as Swift and Brezza. In order to keep its lead, Suzuki plans to introduce its first-ever EV in India, as well as in Europe, next year after exhibiting its mass production model at the upcoming auto expo in India in January, according to Ayukawa.

dollar slipped and Asian stocks fell after Joe Biden ended his reelection campaign and endorsed Vice President Kamala Harris. China’s central bank cut a key short-term interest rate. A Bloomberg gauge of the US currency’s strength fell 0.2% Monday after the US President bowed to pressure from the Democrats and pulled out of the November election race, while the Mexican peso climbed. US stock futures gained.

LEH: Expanding its probe into the seizure of 108 kilogrammes of gold bars from the Line of Actual Control (LAC) along the India-China border, the Directorate of Revenue Intelligence (DRI) found that gold bars were smuggled from seven countries, including the United States, Canada, Germany, Saudi Arabia and Dubai, and were brought to Tibet, from where they were meant to be smuggled into India. A total of five suspects, including a couple who ran two cafes in upmarket Leh, have been arrested and taken to Ludhiana for interrogation by a joint team of the DRI, customs and Intelligence Bureau, officials told ET. They said the couple, identified as Tender Tashi and Tashi Dolma, recruited Tenzin Samphel, a native of Hanley in eastern Ladakh, who in turn hired two couriers, Tenzin Targy and Tsering Chamba, from Hanley. The interrogation of the suspects revealed the name of the alleged kingpin, who is believed to be based in Delhi and is presently on the run, according to the people.

According to JPMorgan analysts, any recent rebound in cryptocurrency prices should be viewed as tactical rather than the start of a lasting upward trend.

GTRI) has suggested suspension of quality control orders (QCO) on polyester and viscose staple fibre for a few years to allow domestic manufacturers to become competitive, expansion of products covered and criteria relaxation in the textile production linked incentive (PLI) scheme, overhaul of Directorate of Foreign Trade (DGFT) and Customs procedures, and addressing monopolistic practices of domestic suppliers, to boost India’s garment exports. Highlighting complex procedures, import restrictions and domestic vested interests are hindering the export growth of the Indian garment sector, it said that sourcing quality raw fabric, particularly synthetic fabric being the root causes of exporters’ problem. The report assumes significant in the wake of India losing to other countries even as garment and textile imports rise steadily.

Boeing has a parking problem. Parts shortages and other issues have left the jet maker with about 200 fully or mostly finished airplanes sitting in airfields, outside plants and—in one location—an employee parking lot. Some of the planes are awaiting interiors; others need engines.

inflation in its services sector last month, retail sales weakened and the budget deficit exceeded estimates — highlighting a host of challenges for UK policymakers. Money markets see about a 40% chance that the Bank of England will lower interest rates next month, as officials balance signs of a weakening labor market with stubborn price pressures. The European Central Bank, meanwhile, left interest rates unchanged after last month’s landmark cut. The ECB is weighing whether euro-zone inflation is cooling sufficiently to allow further monetary loosening.

Usha Vance, stood to become a vice-presidential spouse. That cemented a remarkable reality: At the moment, a woman of Indian descent will either serve another term in the White House or be the second lady. It was the latest milestone for an Indian American community that has emerged as a political powerhouse over the past decade. Kamala Harris in 2021 became the first person of Indian descent, as well as the first woman and Black person, to be vice president. The 2024 presidential cycle is the first one to have featured two Indian American candidates in Nikki Haley and Vivek Ramaswamy.

global outage issue has put the world's major services including banking and aircraft operations into a standstill after Microsoft applications and services were unresponsive for users across different countries. The global outage, according to reports, was majorly due to a CrowdStrike issue that prevent Microsoft systems from booting up accurately, with a blue dead screen cropping up.

China's challenge to American primacy, it's believed, will be the defining contest of the century. While this may be true, a far more dangerous contest is afoot between what seems to be a crumbling old order (US-led West) and a rivalrous new Axis that is struggling to be born — China-Russia-Iran-North Korea (CRIK). Award winning journalist John Pilger tells us that Mao in 1944 had made an appeal to Washington, «China must industrialise, this can only be done by Free Enterprise. Chinese and American interests fit together, economically and politically. We cannot risk crossing America; we cannot risk any conflict». He received no reply. Mao's successors decided to join the system and beat the US at its own game — capitalism & innovation — and are now with its bete noire Russia challenging the American-led order. Iran and North Korea have strengthened this New Axis. The evolving powerplay has created the precise construct that Henry Kissinger had once warned: a Bear-Dragon tandem that is in delightful synchrony. The New Axis has not only performed well in the Ukrainian and West Asian theatres of war, but is also looking towards the Global South (125 countries, 80% of the global population, 40% of global GDP) as its wider field of play.

Madhya Pradesh Chief Minister Mohan Yadav on Saturday said in the seven decades of independence, India left behind its former colonial rulers who had «looted» the country for more than two centuries. Speaking at the second regional industry conclave here, he appealed industrialists to invest in Madhya Pradesh, assuring them of ample water and electricity supply. «We have regained our lost glory by leaving behind in 70 to 75 years those who looted us for 250 years....We are back on track. India is the fifth largest economy now,» he said, apparently referring to India replacing the United Kingdom in the pecking order of global economic powerhouses in the fifth spot after the US, China, Germany and Japan.

fallen into the Jinqian River earlier, said a state broadcaster CCTV. Images on state TV also showed a partially submerged section of the bridge with the river rushing over it.According to local media reports, one person, Meng, had just reached the bridge when other drivers yelled out to him to stop the car.

The mutual fund industry is demanding capital gains tax on the units of debt mutual funds held for more than 3 years to be taxed at 10% without indexation, as applicable in respect of Long Term Capital Gains Tax (LTCG) from debentures. The demand has been raised by industry body Association of Mutual Funds in India (Amfi), which in its proposal sent to the Ministry of Finance has said that it was «logical» to do so as this could encourage retail investor participation in bond markets. «We request for an amendment to Finance Act, 2023 and consider the mutual fund units as securities, with long-term capital tax rate thereon should be according to / in line with the capital gains tax on bonds, debentures, SDL and G-secs etc,» the Amfi budget proposal document said.

Union Budget 2024: India's ambitious goal of becoming a developed country by 2047 closely aligns with the growth of its real estate sector. Thanks to its impressive economic surge in recent times, supported by the real estate sector's contributions to urban development, it is anticipated that by 2030, 40% of India's population will reside in urban areas. While other growth indicators are on the rise, India’s real estate industry will play a crucial role in achieving the country's sustainable development goals, given that it accounts for 8% of its GDP. Looking ahead, real estate could serve as the cornerstone of a resilient economy, around which all other factors would revolve.

shot at Donald Trump, is already host to a traffic jam. Outside the Crookses’ home, dozens of journalists are setting up camp. Five gazebos sit on the carefully manicured grass, providing shade to news anchors, dressed in jackets, ties and comfortable trainers.

China recently presented a ground-breaking advancement in high-speed rail technology, cementing its position as a global leader in the sector. According to Interesting Engineering, the country has unveiled the first carbon fiber-only passenger train in history. Because this train is noticeably lighter than conventional trains, it will help cut pollution tremendously, as per the reports of Yahoo Tech.

Donald Trump is hosting a private fundraiser at the Bitcoin Conference 2024, offering various funding options for attendees.

German Chancellor Olaf Scholz has praised a tentative deal between the European Union and Serbia that paves the way for the disputed excavation of lithium

Some 3.3 million steam cleaners are being recalled across North America due to a burn hazard that has resulted in consumers reporting more than 150 injuries

Arunachal Pradesh government on Friday tabled a Bill in the Assembly to curb irregularities and the use of unfair means in various public examinations in the state. The Arunachal Pradesh Public Examination (Measures to Prevent Unfair Means in Recruitment) Bill, 2024 has strict provisions for punishment like imprisonment and penalties, debarring of candidates from appearing in recruitment examinations as well as attachment and confiscation of property. The Bill has a provision for special courts for the speedy trial of such offences.

Microsoft outage hit millions of internet users and almost all operations leading to digital payment, airlines, banks, stock markets and many more services came to an end, the question looming large at the world is whether this was predicted earlier. Has Brazilian fortune teller Athos Salome predicted the present internet outage? The astronomer, dubbed the living Nostradamus predicted «three days of darkness» in 2024. Did he mean this outage? The same person has also predicted the beginning of World War 3 this year. So what next?