‘Cash-for-LTC a big blow to tourism’

Consumer durables see positive signs While the tourism sector has termed Finance Minister Nirmala Sitharaman’s cash-for-LTC announcement a ‘major blow’ to the sector, the consumer durables sector has welcomed it along with the festival advance scheme, calling these a boost…

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Daimler Buses pins hopes on Diwali

Orders trickling in, recovery seen only in 2021, says CEO Seidel Daimler Buses India, a unit of Daimler India Commercial Vehicles (DICV), is optimistic about the revival of the domestic bus market after Diwali, said a top official. “The industry…

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Volkswagen urges govt. to eschew protectionism

COVID-19 not to derail carmaker’s ₹8,000-cr. investment plan, says official The government must refrain from getting into a ‘protectionist mood’ that may disrupt supply chains for global automobile firms manufacturing in the country, particularly as they emerge from the impact…

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Mistrys flag ‘underperformance’ at Tata

At Tata Sons AGM, Mistry family highlights debt at steel, auto units and value erosion in airline firms The bitter tussle between the Tatas and ousted chairman Cyrus Mistry came to fore at the annual general meeting of Tata Sons,…

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