Companies & Sectors
Bajaj Auto demands no extension of deadline for BS IV norms
Bajaj Auto on Wednesday said all its two- and three-wheelers manufactured from January 2017 are compliant with BS IV norms and demanded no amnesty be granted in meeting the deadline of April 1, 2017.
 
The Environment Pollution Control Authority (EPCA) directed neither the sale nor the registeration of any pre- BS IV vehicle from April 1, 2017.
 
"As a responsible corporate, we have complied with this directive and had already commenced manufacturing of BS IV complaint vehicles from October 2016. Moreover, with effect from January 2017, all products from all our three plants are BS IV compliant," said automaker's MD Rajiv Bajaj. 
 
"We have thus ensured that all vehicles presented for registration from April 1 onwards will be BS IV compliant," he said, adding that tightening emission norms to meet BS IV standard comes at a substantial cost.
 
The Central Pollution Control Board had earlier confirmed that BS III compliant vehicles could not be sold or registered anywhere in the country from April 1, 2017. However, some automobile companies have requested that this deadline be extended.
 
"All those who do not change on time will commercially benefit by selling their products at a lower price in case the amnesty is granted. Therefore, the manufacturers who have followed all directives in letter and spirit will actually end up being penalised," he said.
 
The automaker also said that the authorities should send strong message by "not giving any amnesty" and if at all any short-term amnesty is given, "it should be accompanied by a sizeable financial penalty on a per vehicle basis on all BS III vehicles registered after April 1, 2017" to discourage this practice in future.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Mukesh Ambani's 5-point advice for new enterpreneurs, startups
Counselling a five-point tip-sheet for budding entrepreneurs and potential start-up founders, Reliance Industries Chairman Mukesh Ambani on Wednesday said it is essential to find a passion for solving a problem without focusing primarily on financial returns.
 
"First, you have to figure out what you want to do. As an entrepreneur, it is important to find a passion... a problem to solve... it is not finding the solution that is so important as finding a problem to solve," Ambani said at an interactive session at the Nasscom India Leadership Forum 2017 here.
 
"If you focus on financial results the chances are you would not become great and solve a problem," he said.
 
Exhorting enterpreneurs never to get disheartened by failure, he said they should regard themselves as custodians of investors' money.
 
"Treat investor money even more carefully than your own," he said.
 
Moreover, align your team to your passion. An entrepreneur should always be positive... be an optimist," he added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  
 

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Sasikala surrenders, supporters clash with police
AIADMK General Secretary V.K. Sasikala, held guilty for corruption, on Wednesday surrendered before a trial court at a prison here.
 
Sasikala gave herself up at the Central Jail on the city's southern outskirts with her relatives Elavarasi and V.N. Sudhakaran after reaching from Chennai by road, officials said.
 
As the long-time confidante of the late Tamil Nadu Chief Minister J. Jayalalithaa reached the prison complex, clashes erupted between AIADMK supporters and police personnel.
 
One official said Sasikala underwent a medical check-up.
 
The surrender came a day after the Supreme Court upheld her conviction in a case of holding assets disproportionate to known sources of income.
 
Also held guilty were her two relatives and the late Jayalalithaa.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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