Friday, Jul 10 2020 | Time 22:37 Hrs(IST)
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  • Haryana govt practising complete transparency in carrying out development works: Khattar
  • Gangster Vikas Dubey killed in alleged encounter, Opposition smells conspiracy
  • COVID-19: Section 144 to be imposed in Nanded
  • US convicts Indian for illegal drug import
  • More than 29k held for violations during lockdown in Mah: Anil Deshmukh
  • Meghalaya records yet another spike in COVID-19 on Friday
  • Family members of martyred policemen rejoice after encounter of Vikas Dubey
  • CBI takes over probe into custodial deaths of father-son duo in TN
  • NCW chief blames illiteracy for women trafficking
  • Punjab registers 4 more COVID-19 deaths, 217 new cases
  • IIP numbers of May not released due to inadequate data
  • Kerala reports 416 new COVID cases, 112 recoveries, 3,099 patients under treatment: CM
  • Delhi Court grants bail to 82 Tablighi Jamaat members from Bangladesh
  • Tomar assures of all necessary support to States for agriculture infrastructure development
  • Pondy Speaker disqualifies Cong MLA under 'Anti-Defection Act'
Business Economy


Better infrastructure important to own an electric car: Study

Bengaluru, Mar 24 (UNI) Nearly 90 per cent of Indian car owners are still skeptical of owing an electric car as creation of infrastructure for its maintenance on day-to-day basis was still l not clear.
Velocity MR, a leading Market Research and analysis company recently conducted a pan-India study to understand the adaptability of electric cars in India and the sample size for the study covered car owners across the Metros ---Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru and Chennai.
The study recorded a whopping 90 per cent of the Indian car owners claiming that they would opt for an electric car, provided the right infrastructure was made available, along with optimum support system for maintenance of their non-fossil fuel driven four wheelers.
Over 50 per cent of respondents suggested that the government should take initiatives to increase awareness about the electric vehicles and provide financial assistance in the form of subsidy and reduced road tax. The study observed that while there was some awareness on the electric cars, there are also several misconceptions related to the category.
One of the most common misconceptions is the perceived low mileage per charge. Seventy percent of the respondents believed that an electric car could provide a maximum mileage of 70 km per charge, while the basic models of electric cars available in the market today, provide a mileage of over 100 km per charge.
Velocity MR Managing Director and CEO Jasal Shah noted, ‘’Like AI and crypto currency, electric vehicles have also taken the world by storm in recent years. Though the current adaptability of this segment is a bare minimum, the future of electric cars is bright.
‘’With talks of international brands like Telsa and Toyota planning their launch in the Indian market, this segment in the country is expected to reach new heights,’’ he claimed.
However, he felt that this would be possible only provided the government takes necessary steps to provide the required infrastructure and support to auto companies. Electric Vehicles with higher efficiency and configuration were also likely to fare well in the Indian market.
Incidentally, the study revealed that the consumer base could not differentiate between hybrid and electric vehicles, he added.
UNI RS MSP HVB CS 1104
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SAIL maintains profitability during FY20; Earns more than Rs 2,000 cr net profit

10 Jul 2020 | 9:03 PM

New Delhi, Jul 10 (UNI) Steel Authority of India Limited announced on Friday that it has earned a Profit Before Tax (PBT) of Rs 3170.66 Crore leading to Profit After Tax (PAT) of Rs 2021.54 Crore in the Financial year 2019-20.
This profit has been earned in spite of the challenging market conditions including the onset of Corona virus pandemic. In FY’20, the Company made a turnover of Rs 61024.88 Crore and its EBITDA per tonne of Saleable Steel improved from Rs 7284 in FY’19 to Rs 7869 FY’20.

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Rossari First IPO to do Virtual Roadshow

10 Jul 2020 | 8:30 PM

Companies adopt Virtual Roadshows for Capital Raise
MUMBAI, July 10, 2020 /PRNewswire/ -- Rossari Biotech Ltd, which is doing a capital raise of Rs. 500 Crores is the first company to have a virtual press conference followed by an analysts & brokers Conference for announcing its IPO which opens for subscription on Monday, July 13, 2020. The virtual conference had over 1,000 registrations and was simultaneously broadcasted for investors.

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Tata Motors Group global wholesales at 91,594 in Q1 FY21

Tata Motors Group global wholesales at 91,594 in Q1 FY21

10 Jul 2020 | 7:42 PM

Kolkata, Jul 10 (UNI) The Tata Motors Group global wholesales in Q1 FY21, including Jaguar Land Rover, were at 91,594 nos, lower by 64%, as compared to Q1 FY20.

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Ambuja Cement successfully conducts its first -ever virtual AGM

Ambuja Cement successfully conducts its first -ever virtual AGM

10 Jul 2020 | 7:33 PM

Kolkata, Jul 10 (UNI) Ambuja Cements Ltd, one of the leading cement manufacturers in India and part of the Lafarge Holcim group, the global leader in building materials &
solutions, today held its 37th Annual General Meeting (AGM) via video conferencing for the first time.

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Nestlé India introduces MILO® HOMEGROUND

10 Jul 2020 | 6:52 PM

Kolkata, Jul 10 (UNI) MILO® HOMEGROUND brings forth a path-breaking extension of its worldwide legacy of over 86 years of
nourishing young champions by providing nutritious energy and the inspiration to grow with sports.

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