The first luxury car will be launched in the first quarter of 2025 and the company is planning to open 12 ‘MG Select’ showrooms in the next six months.
Posts tagged Rediff
EY boss: ‘No rest till harmonious workplace achieved’ (20-09-2024)
EY India chairman Rajiv Memani has expressed regret at not attending the funeral of a 26-year-old employee whose death was blamed on stress by her mother, and said he will not rest till achieving the goal of harmonious workplace. Anna Sebastian Perayil, who passed her CA exams in 2023 and worked at EY Pune office for four months, died in July. According to a letter her mother wrote to Memani, she was overworked with a “backbreaking” load as a new employee that affected her “physically, emotionally, and mentally”.
Binance removes self from liabilities post WazirX hack (20-09-2024)
Global cryptocurrency giant Binance has asserted that it never owned or controlled WazirX before or after the embattled Indian exchange was hacked in July that led to a security breach of more than $230 million. Binance added that there was no legal basis for the firm to be liable for claims made against the embattled crypto exchange. It refuted WazirX’s claims that the global exchange owns the company, adding that it does not operate the platform.
Vivad Se Vishwas 2.0 will start from Oct 1 (20-09-2024)
The government has notified October 1 as the starting date for direct tax dispute resolution scheme Vivad Se Vishwas 2.0. Vivad Se Vishwas scheme 2.0 was originally announced in Budget 2024-25 presented in July for resolution of certain income tax disputes pending appeal.
NRIs yet to warm up to GIFT City’s higher FPI limits (20-09-2024)
The Securities and Exchange Board of India (Sebi) has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio investors (FPIs) based out of Gujarat International Finance Tec-City (GIFT City), the country’s international financial services centre (IFSC). However, the Indian diaspora is yet to fully embrace this new route. The regulator allowed this route to enhance the fund ecosystem at GIFT City and attract genuine investments from overseas Indians.
Sensex soars 1,359 pts to settle above historic 84K (20-09-2024)
From the 30 Sensex firms, Mahindra and Mahindra, JSW Steel, Maruti, Tata Steel, Larsen and Toubro, ICICI Bank, Power Grid, Nestle, Bharti Airtel and Adani Ports were the biggest gainers. Tata Consultancy Services emerged as the only laggard.
Marico to gain from double-digit growth, rural revival (20-09-2024)
Concerns have been raised over Marico’s exposure to Bangladesh in the wake of turmoil in that country. However, the management reiterated expectations of growing domestic business at double digits and maintaining international growth. Marico scaled up its food business by 4 times between FY20-24 and aims to double it again in the next three financial years.
The Battle Of The Two Wills (20-09-2024)
When there are two wills produced before the court, which one will be executed?
India 2nd country after US to make Mercedes 7-seater (20-09-2024)
This is not the first EV that Mercedes would be making in India though. It has been making the EQS sedan here for the last 18 months, and has sold 500 units of the car.
Will govt cut fuel prices before Maha election? (19-09-2024)
International oil prices continue to be extremely volatile, falling on one day and rising thereafter, a top oil ministry official said explaining the reason behind no reduction in petrol and diesel prices despite softening in input cost, but could not say if the rates will be cut before Maharashtra elections. Global oil benchmark Brent crude futures fell below $70 per barrel last week — the first time since December 2021 — but gained thereafter. Brent was trading at $74.58 per barrel on Thursday while West Texas Intermediate advanced to trade at $71.71.