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Made-in-India cars are finding increased global acceptance with top carmakers pushing exports to make the most of the strong cost and talent advantage available in the country. Toyota, Volkswagen, Hyundai, Mahindra, Tata Motors, Honda and Skoda have all reported significant jumps in exports in 2023 even as market leader Maruti Suzuki hit a new high by exporting 261,700 passenger vehicles including cars and SUVs, data by Jato Dynamics show. With the Indian regulatory norms moving towards global standards, vehicles being developed and sold here need minimum adaptation for export markets, industry officials said. India's low-cost manufacturing, arbitrage in labour costs, availability of skilled manpower, and a well-developed supplier base offer carmakers a competitive cost advantage, they said. «With increasingly stringent regulations focusing on safety, emissions, and technological advancements, car manufacturers are investing in research, development, and innovation,» said Piyush Arora, managing director and CEO of Škoda Auto Volkswagen India.

Justin Trudeau to Jamaica for a family vacation had a maintenance issue prior to his planned return to Canada this week, prompting a second plane to be flown to the Caribbean island, the Department of National Defence (DND) said Friday.A spokesperson for the department told Global News the issue with the CC-144 Challenger aircraft was discovered during an inspection on Tuesday.A second Challenger carrying a maintenance team was then dispatched to Jamaica on Wednesday and “returned the (original) aircraft to serviceability,” the spokesperson, Andrée-Anne Poulin, said.“The (second) aircraft remained in the area as a back-up if necessary, and the Prime Minister was able to return on the original aircraft” on Thursday, Poulin said.The department did not say what the specific mechanical issue was.The Prime Minister’s Office declined to comment on the problem with the plane, referring questions to DND.The CC-144 Challenger planes were brought into service this fall to replace the military’s aging CC-150 Polaris fleet, which had been used since the 1990s. For decades, one of those Polaris aircraft was dedicated to transporting prime ministers and Canadian delegations, but was plagued with problems in recent years.In September, Trudeau was forced to spend an extra two days in New Delhi, where he had travelled for the G20 leaders’ summit, after the Polaris was grounded over a technical issue discovered during pre-flight checks.

The Airports Authority of India (AAI) and Delhi International Airport Ltd (DIAL), the operator of the Indira Gandhi International Airport in the national capital, are locked in a tussle over the development of a proposed air train. This train is designed to connect the airport’s three terminals, its cargo hub, and Aerocity, a zone hosting numerous hotels and office complexes. Two key issues dominate the debate: the project's financing and the number of stops the air train should have.

Classic 650 will utilize the same chassis as the Super Meteor 650, albeit with distinct features aimed at cost reduction. Notably, the Classic 650 opts for uncomplicated chrome-finished engine cases instead of the blacked-out counterparts. Royal Enfield has previously employed chrome engine cases on the entry-level models of the Continental GT 650 and Interceptor 650.

Red Sea crisis may impact trade as it is expected to push shipping costs by up to 60 per cent and insurance premium by 20 per cent, a report by economic think tank GTRI said on Saturday. This conflict could also result in increased shipping costs (40-60 per cent) and delays due to rerouting (up to 20 days more), higher insurance premiums (15-20 per cent), and potential cargo loss from piracy and attacks. The situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, has escalated due to recent attacks by Yemen-based Houthi militants. Due to these attacks, the shippers are taking consignments through the Cape of Good Hope, resulting in delays of about 20 days. The Houthi conflict's disruption of the Red Sea shipping lanes significantly impacts Indian trade, especially with the Middle East, Africa, and Europe, the Global Trade Research Initiative (GTRI) said. It said that India, heavily reliant on the Bab-el-Mandeb Strait for crude oil and LNG imports and trade with key regions, faces substantial economic and security risks from any disruption in this area. For overall merchandise trade with Europe and North Africa, about 50 per cent of imports and 60 per cent of exports, totalling USD 113 billion, might have used this route, it said. It added that the conflict has necessitated India to consider alternative routes, such as the longer Cape of Good Hope, which could lead to increased energy costs. India might look to diversify its sources of crude oil and LNG, and explore alternative trade routes to reduce dependency on the conflict-prone Red Sea passage, it said. «This conflict could also result in increased shipping costs (40-60 per

Red Sea have thrown global shippers of vital goods for a loop — but it is hardly the only issue that big carriers are facing as 2024 kicks off. Giants like Maersk say the industry, which handles 90% of global trade, faces the possibility of significant disruptions, from ongoing wars to droughts affecting key routes like the Panama Canal. Complex vessel schedules are likely to be knocked out of sync for giant container ships, fuel tankers and other commodity haulers throughout the year.

Justin Trudeau returned from his luxury holiday to face a familiar line of questioning about whether he should accept free vacation stays from wealthy friends.Opposition parties are criticizing Trudeau for spending his winter holiday at an oceanfront villa in Jamaica at no cost, as reported by the National Post. Rooms go for around $9,300 per night, according to the resort’s website.Prospect Estate and Villas located near Ocho Rios is owned by businessman Peter Green.

Warren Buffett" due to his dedication to value investing and remarkable performance over time. As the founder and Chief Investment Officer of Fundsmith, a United Kingdom-based investment management firm, he has built a reputation for prioritizing high-quality, globally listed companies. At the core of Smith’s investment philosophy is the strategy of acquiring and retaining robust businesses for extended periods, diverging from the short-term trading strategies commonly used by numerous fund managers.

Global supermarket chain Carrefour will stop selling PepsiCo products in its stores in France, Belgium, Spain and Italy over price increases for popular items like Lay’s potato chips, Quaker Oats, Lipton tea and its namesake soda.

Bangalore undeniably shares attributes of other metros like high population density, significant economic activity, and a fast-paced lifestyle, it's still categorized as a non-metro for HRA purposes. This means residents can only claim 40% of their basic salary as tax-exempt HRA, compared to the 50% allowed in the four designated metros," said Abhishek Soni, CEO and Co-founder of Tax2win.

₹300 per LPG cylinder, which is scheduled to end in March this year. “An extension in the subsidy for the next fiscal is likely to be sought. The outgo will be in the range of ₹10,000-12,000 crore," one of the two people mentioned above said, adding the petroleum and natural gas ministry is set to suggest the extension to the finance ministry for the upcoming Union budget.

₹760, while maintaining the ‘buy’ tag. The brokerage firm has also named SBI as its most preferred stock in the PSU sector. “Given the relative strength of SBI as a franchise (demonstrated over the last credit cycle), we now recommend owning it over other PSU banks.

₹1,080 crore, he said. "It is for the first time that a private power plant is being bought by the government," Mann said at a news conference here. "We have purchased it for ₹1,080 crore, which works out to a cost of ₹2 crore per megawatt, making it the cheapest buy in the country.

Mint broke the story in October on the government’s plan to prematurely exit the Bharatamala highway programme conceived six years ago, and start building largely access-controlled highways in the country. The development of expressways was critical for the next phase of infrastructure development, as it would lead to faster travel, reduce fuel consumption and help lower logistics cost, Jain said, briefing media persons about the achievements of the ministry in 2023. The government finalized the Bharatmala Pariyojana in 2017, with the Cabinet Committee on Economic Affairs approving the phase 1 of the programme the same year.

By David Shepardson

Investing.com -- The U.S. economy added far more jobs than expected in December, according to a new labor market report that could impact how Federal Reserve policymakers approach potential interest rate cuts this year.

On December 25, 2023, the Bitcoin network achieved a significant milestone. The mining hash rate, a measure of the network's computing power, soared to an all-time high of 544 exahashes per second (EH/s). This landmark event confirmed by Blockchain.com marks a remarkable increase of 130% since January 2023, when the hash rate was at 253 EH/s​​​​​​.

President Joe Biden's administration is providing $162 million to Arizona high-tech manufacturer Microchip Technology to support the domestic production of computer chips

A top federal transportation safety official is harshly criticizing Washington's regional transit agency, saying a “poor safety culture” led to an October 2021 derailment that caused hundreds of new Metro railcars to be pulled from service

Inflation is on the rebound in Europe

Global supermarket chain Carrefour will stop selling PepsiCo products in its stores in France, Belgium, Spain and Italy over price increases for popular items like Lay’s potato chips, Quaker Oats and its namesake soda