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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.

PC Jeweller has reached a one-time settlement (OTS) with a consortium of lenders led by State Bank of India (SBI) to settle its debt by offering banks a mix of cash and equity in the Delhi-based company. The ₹2,250-crore offer represents about a 20% haircut to lenders' principal amount, estimated at ₹2,900 crore, and 64% recovery of total dues, including interest of ₹3,500 crore, said people familiar with the details. PC Jeweller informed stock exchanges over the past month that six of the 14 lender banks have agreed to the OTS proposal. It, however, did not disclose the settlement details. The lenders include Union Bank of India, SBI, IndusInd Bank, Punjab National Bank, Karur Vyasya Bank and Axis Bank. «Each bank will have to take separate internal approvals for the transaction. Banks expect to complete the process, including taking equity stake in the company in the next three to four months,» said one of the persons cited above.

Paris Olympics boldly declared that France’s capital would be “the safest place in the world” when the Games open this Friday. Tony Estanguet’s confident forecast looks less far-fetched now with squadrons of police patrolling Paris’ streets, fighter jets and soldiers primed to scramble, and imposing metal-fence security barriers erected like an iron curtain on both sides of the River Seine that will star in the opening show. France’s vast police and military operation is in large part because the July 26-Aug. 11 Games face unprecedented security challenges. The city has repeatedly suffered deadly extremist attacks and international tensions are high because of the wars in Ukraine and Gaza.

kanwar route to display owners' names, NEET paper leaks and spike in terrorist attacks in J&K echoed loudly at the all-party meeting called by the government on the eve of Parliament's monsoon session. The meeting was chaired by defence minister Rajnath Singh and 55 leaders from 44 parties attended the gathering. Congress' Lok Sabha deputy leader Gourav Gogoi demanded that Deputy Speaker's post be given to the Opposition. He also raised NEET-NET paper leaks and internal security situations in J&K and Manipur. He strongly opposed the BJP-led UP government's unconstitutional order on kanwar yatra, worsening railway safety and Agniveer scheme, party leader Jairam Ramesh posted on X. Ramesh later said that leaders demanded that the Central Hall be opened again for MPs to mingle with each other. Samajwadi Party's Rajya Sabha floor leader termed UP's Kanwar order «unconstitutional». He said after the meeting: «This is a way to harass minorities and the entire Opposition is united on this issue.» CPIM leader John Brittas said the pilgrimage routes should not be used to divide the society. Most Opposition parties including RJD, CPI, AAP, IUML, AIMIM spoke strongly against the order. BJP's erstwhile ally SAD also criticised the order.

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.

India regarding the allegations of a plot to assassinate a Sikh separatist in the US that involved an Indian government official has been «respectful» and «effective» because it's being held behind closed doors, according to Jake Sullivan, the National Security Advisor to the US president. In November last year, US federal prosecutors charged Indian national Nikhil Gupta with working with an Indian government employee in the foiled plot to kill Gurpatwant Singh Pannun in New York. Gupta, who was arrested in the Czech Republic in June last year, was extradited to the US on June 14. «We have had a constructive dialogue with India on this issue. And we have made it very clear where we stand on it and what we would like to see. And it's been respectful, and it has been effective, in my view, mostly because it is taking place behind closed doors,» Sullivan said at the Aspen Security Forum in Colorado on Friday responding to a question on allegations related to the assassination attempt on Pannun. India has denied the allegations but has constituted an internal investigations team to look into it.

Indian tennis legends Leander Paes and Vijay Amritraj became the first Asian players to be formally inducted in the International Tennis Hall of Fame in a gliterring ceremony. On Saturday, in the ceremony, both players raised the Tricolour high with honour as they were formally inducted into the Hall of Fame. Now 70, Amritraj peaked at 18 and 23 in singles and doubles careers, respectively, winning 13 doubles and 15 singles titles throughout his journey as a tennis player which lasted over two decades.

YSRCP) will bring the issue of post-poll violence in Andhra Pradesh to Delhi this week. The Opposition party, which was recently routed in Assembly and Lok Sabha elections in Andhra Pradesh, has accused the ruling Telugu Desam Party (TDP) of targeting YSRCP cadres and elected representatives – a charge that TDP has refuted. Former chief minister and YSRCP chief Y S Jagan Mohan Reddy will be in the capital on Tuesday and has sought time with President Draupadi Murmu, Prime Minister Narendra Modi and home minister Amit Shah. On Wednesday, Reddy will hold a protest against the violence with his party MPs, MLAs and corporators. YSRCP has invited all political parties, including Congress and BJP, to come out in support. The party will also hold an exhibition of photographs and videos of people affected by violence at India International Centre (IIC). Speaking to ET, YSRCP’s Rajya Sabha MP V Vijaysai Reddy said, “There is a complete breakdown of law and order in the state. It is a fit case for imposition of President’s rule. There have been 1,050 assaults, 31 murders and 300 attempted murders including the brutal murder of YSRCP youth worker in the state over the last 45 days of TDP-Jana Sena government’s rule.” The protest follows a brutal incident where a YSRCP youth wing worker was brutally hacked to death in Vinukonda.

Heavy rains pounded Mumbai and its suburbs on Sunday, disrupting flight operations and inundating roads in many parts of the city, officials said. Flight operations at Chhatrapati Shivaji Maharaj International Airport were suspended twice for a brief period due to inclement weather and low visibility, a source said. At least 15 flights were diverted to the nearby airports, mainly Ahmedabad, till 4 pm. As intermittent heavy spells of rain hit the city, runway operations were suspended at 12.12 pm for eight minutes and from 1 pm to 1.15 pm, the source said.

: Comptroller and Auditor General of India (CAG) Girish Chandra Murmu has said Artificial Intelligence (AI) has arrived and the Supreme Audit Institution (SAI) is taking advantage of new technologies in improving the quality of public expenditure. «As it develops, we will develop ourselves accordingly. Whatever challenges are there we will try and overcome. We will follow global experiences and practices related to this and share our own to them,» Murmu told PTI. Recently, he said, «We have signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Delhi for leveraging AI and other emerging technologies for the advancement of audit practices.» With the rapid advancement of AI, machine learning, and data analytics, traditional methodologies are being redefined, offering unprecedented opportunities for innovation and efficiency, he said.

CEAT Ltd expects double-digit growth in replacement and international business this fiscal despite a high natural rubber price forcing it to hike product rates, according to its MD and CEO Arnab Banerjee. The company, which has taken price hikes of 2-2.5 per cent in the replacement segment since May, expects another round of increase towards the end of July but is betting on robust demand across categories and turnaround of the rural market to drive growth. «We would like to think that unless there are some unforeseen headwinds, the growth will be steady and positive. We would like to maintain double-digit growth in the replacement segment and international business,» Banerjee told PTI. As for the company's sales to OEM, he said, «We see growth potential much ahead of 3 per cent in the passenger segment for CEAT on the basis of the model pipeline».

India’s 7,600 km-long coastline presents an enormous opportunity to ramp up the country’s offshore wind power capacity, thereby increasing clean electricity supply for the country’s growing economy, and creating sustainable jobs. The government last month approved a ₹7,453 crore (~USD 900 million) offshore wind funding scheme, a welcome move to kickstart the industry —but a considerably larger financial support will be required to ensure the sector’s sustainable growth and promote manufacturing of offshore wind turbines.

Gaming laptop buying guide: Transform the way you play games with our key considerationsThe Razer Barracuda Wireless Multi-Platform Gaming and Mobile Headset is a top pick during the Amazon Prime Day sale. Featuring SmartSwitch dual wireless, a lightweight 250g ergonomic design, and Triforce 40mm drivers, this headset offers superior audio quality.

violence-hit Bangladesh through integrated check posts in Tripura, a Border Security Force official said here on Sunday. Of the total returnees, 365 crossed over the international border on Saturday and four on Friday, he said. The returnees include three Nepalese students. «A total of 379 students entered India in the past 48 hours from violence-hit Bangladesh through check posts at Srimantapur in Sepahijala and Agartala (Akhaura) in West Tripura, and more are expected to return on Sunday,» the BSF official said.

rainfall distribution during June and July has been uneven, resulting in significant rain deficits ranging from 20-49% in nine states, including Jharkhand, Himachal Pradesh, Punjab, Haryana, Odisha, and Bihar. Six states, predominantly in the south peninsula, have reported excess rainfall from June 1 to July 20, reported The Times of India. Jharkhand has faced the highest deficit at 49%, while Tamil Nadu has seen an 83% surplus compared to their normal rainfall levels.

Shoppers Stop, Reliance Retail, Lifestyle and VMart bet on a flurry of nuptial celebrations in the second half of this fiscal to reverse their tepid sales growth and boost demand. There will be about 47 auspicious wedding dates in the second half, three times more than 14 in the first half, they reason. “We are looking at a very strong festive campaign, and weddings will be very, very big as we have somewhere around 50-odd (auspicious) days,” Kavindra Mishra, managing director of Shoppers Stop, said during its first quarter earnings call on Friday. “We believe we have got the right kind of merchandise to be a wedding destination,” he said. In FY24, year-on-year retail sales growth rate declined every month, reflecting weak consumer sentiment across segments such as apparel, footwear, and quick service restaurants (QSR).

India has so far won 10 gold medals in its Olympic history. With the 2024 Paris Olympic Games just a few days away, ET Sport looks back at each of those golden moments. 1928 First-ever gold It was in Amsterdam 1928 where India’s three-decade long reign over the world of hockey began. The Indians won their first ever Olympic gold in hockey by beating Holland 6-0. Dhyan Chand scored 14 of India’s 29 goals at Amsterdam. Curiously, Great Britain did not send their hockey team. Just before the Olympics, Great Britain were drubbed 4–0 by India. It gave birth to a rumour that the ‘colonisers’ were afraid of losing to their ‘colony’ on an international stage. This rumour was so wide-spread that Dhyan Chand referred to it in his recollections, “I reiterate that this is mere hearsay (that England dropped out of the Amsterdam Games fearing the Indians), although we fondly hoped that at least in future Olympics we would have the honour of meeting Great Britain and showing them how good or bad we were. It is my regret that this hope was never realized so long as I participated in Olympic events.”

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.

Andhra Pradesh demands Rs 15,000 crore for its new capital Amaravati, can’t Chhattisgarh make a similar pitch? The Chhattisgarh government has appealed to the 16th Finance Commission for a special grant of Rs 4,131 crore to bolster its new capital, Nava Raipur Atal Nagar. When FC chairman Arvind Panagariya and his team visited Raipur earlier this month, the state presented a 10-point proposal encompassing infrastructure development such as new roads, cycle tracks, indoor stadium and a substantial IT building spanning 100,000 sq m. “If the Government of India gives a special financial grant for Amaravati in the forthcoming budget, we should also receive the same,” says Chhattisgarh Finance Minister OP Choudhary, while speaking to ET over the phone. “Nava Raipur, in fact, deserves more, as Chhattisgarh has already invested Rs 8,000 crore from the state coffer.” He adds that the state is exploring various financial instruments to raise funds, including a `1,000 crore Nava Raipur bond, and leveraging a 6,000 acre land bank to attract private sector investment. Nava Raipur Atal Nagar—previously known as Naya Raipur (“Nava” means new in the Chhattisgarhi dialect)—is set to expand from its initial expanse of 80 sq km to 237 sq km. The new city is located 20 km southeast of Raipur. Of late, state officials have been courting private investors across sectors such as IT (with plug-and-play facilities), pharmaceuticals, electronics, logistics and defence.

NTA) today released the centre and city-wise results for the NEET-UG medical entrance exam, following a Supreme Court directive. The results, initially announced on June 5, were re-released in this format due to ongoing Supreme Court hearings regarding alleged irregularities in the exam, including concerns about a possible paper leak. The NEET-UG exam, held on May 5, was administered at 4,750 centres across 571 cities, including 14 international locations, with over 24 lakh candidates participating. The Supreme Court had ordered that the results be published with masked identities to determine if candidates from centres under scrutiny scored differently compared to those from other locations. Direct link to check results: https://neet.ntaonline.in/frontend/web/common-scorecard/index

technology outage caused thousands of flights worldwide to be canceled or delayed, the ripple effect from the disruption left airports crowded with passengers and airlines working to get planes and crews back in position. «These flights, they run so tightly, so back to back, that even after a root cause is addressed, you can still be feeling those impacts throughout the day,» said Pete Buttigieg, the transportation secretary, in an appearance on CNBC.