Regulations
SC declines to intervene in Delhi civic employees' strike
New Delhi : The Supreme Court on Thursday declined to entertain a plea seeking direction to three civic bodies in the capital to take steps to resolve the strike by their employees that has resulted garbage piling up in the city.
 
"Go to the high court," the apex court bench headed by the Chief Justice T.S. Thakur said as the counsel for the petitioner Rahul Birla told the court that the Delhi High Court has adjourned the hearing without passing any directions to the civic body.
 
Dismissing the plea as withdraw, Chief Justice Thakur told the petitioner's counsel: "Why do you file such petitions. Go to the high court."
 
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.

User

Service sector activity hits 19-month high in January: PMI
New Delhi : Services sector expansion propelled economic activity in India during January, touching a 19-month high driven by firming up of underlying demand, a key macro-economic data showed on Wednesday.
 
The Nikkei Business Activity index climbed to a 19-month high of 54.3 last month from 53.6 in December, pointing to a marked expansion of activity across the sector.
 
An index reading of above 50 indicates an overall increase in the economic activity, below 50 an overall decrease.
 
The overall increase in services output was mainly driven by a seventh successive monthly expansion of new business orders.
 
"The services sector gained traction and posted its strongest monthly gain in activity for over one and a half years," said Pollyanna De Lima, economist at Markit, which compiles the survey.
 
Instead, the Nikkei India Composite PMI Output index, which tracks both manufacturing and services sectors, rose from 51.6 in December to an 11-month high of 53.3 in January.
 
"The Indian economy shifted into a higher gear in January, supported by a quick rebound in manufacturing production following last month's floods," De Lima said.
 
She said a strong upturn in new business as seen from the January survey underpins hopes for further near-term growth of activity in India's private sector.
 
Amid forecasts of further improvement in demand and favourable government policies, survey respondents expected output to continue to increase over the course of next year.
 
"This upswing in demand may boost the labour market and help end the long run of subdued employment trends," De Lima added.
 
Higher workloads in January provoked service providers to hire additional staff, following a stagnation in the previous month, while anufacturing jobs also rose at a marginal rate, the survey showed.
 
Meanwhile, awaiting the federal budget for the next fiscal and a better picture on inflation, the Reserve Bank of India (RBI) on Tuesday kept its key lending rates unchanged during its sixth and the fiscal's final bi-monthly monetary policy review.
 
"The Reserve Bank continues to be accomodative even as it leaves the policy rate unchanged in this review, while awaiting further data on inflation," RBI Governor Raghuram Rajan said in his policy statement.
 
"Structural reforms in the forthcoming union budget that boost growth while controlling spending, will create more space for monetary policy to support growth, while also ensuring that inflation remains on the projected path of 5 percent by 2016-17," he added.
 
India's CPI, or retail, inflation has been rising. As per data released last month, annual retail inflation moved up further to 5.61 percent in December, from 5.41 percent during the month before.
 
With food items, notably pulses and onions, continuing to remain dear, India's annual wholesale inflation rate moved up for the fourth straight month to minus 0.73 percent for December, against minus 1.99 percent for the month before.
 
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.

User

Bikes to luxury vehicles showcased at Auto Expo 2016
Greater Noida : India's mega automotive show the biennial Auto Expo 2016 got underway on Wednesday here with vehicle makers unveiling their new and upgraded models -- ranging from two-wheelers to luxury cars -- several of which are likely to ply on Indian roads.
 
The event also saw the showcasing of India's first adventure utility vehicle (AUV) by Japanese automaker Isuzu Motor India.
 
For a change, the shining vehicles were the cynosure of those who were present at the venue where celebrities and the skirted beauties distracted eyeballs.
 
Amidst the razzmatazz, a certain disquiet could be sensed among the industry officials, their minds bogged with a sense of regulatory uncertainty over diesel engines and emission norms.
 
India's leading car-maker Maruti Suzuki India Ltd. took off the veil covering its compact sports utility vehicle (SUV) Vitara Brezza.
 
Developed at an outlay of Rs.860 crore, the new model having 98 percent local content is set to hit the Indian tar roads in two months' time.
 
"Vitara Brezza is true to its category of a compact urban SUV," said Kenichi Ayukawa, managing director and chief executive of Maruti Suzuki India.
 
"Built on a global Suzuki platform, Vitara Brezza has been conceptualized, designed and developed in India using Suzuki's global development processes," he said.
 
Another Asian auto giant, Hyundai Motor India displayed its global SUV Tucson.
 
The company said Tucson represents a significant step forward in the future SUV line-up for the Indian automobile market.
 
For the Korean parent Hyundai Motor Company, India is a major overseas market next only to the US and China.
 
Last year, Hyundai Motor India sold more cars in India than what it sold in the entire Europe, Y.K. Koo, managing direct and chief executive, told IANS recently.
 
Hyundai also showcased its ultra luxury Genesis model.
 
The Isuzu Motor's stall saw the display of ISUZU D-MAX V-Cross, which the company claims to be India's first adventure utility vehicle.
 
To be priced around Rs.15 lakh, Isuzu Motor will start rolling out the vehicle at its Sri City plant in Andhra Pradesh and will be launched during the second half of 2016.
 
The AUV comes with a 4WD (4X4) configuration, high ride and can be registered as a personal vehicle.
 
The company also showcased the commercial purpose ISUZU D-MAX to be priced in the range of Rs.8.5-9.5 lakh.
 
"The pick-up market in India is expected to grow manifold and Isuzu has laid strong emphasis on offering a range of its latest D-Max products. We have sensed intense anticipation for a thorough-bred Adventure Utility Vehicle, amongst Indians," said Naohiro Yamaguchi, managing director, Isuzu Motors India.
 
Fiat Chrysler Automobiles (FCA) on its part lined-up three SUVs -- Jeep Wrangler Unlimited, Jeep Grand Cherokee and the high-performance Jeep Grand Cherokee SRT.
 
Jeep brand sales in India will start in mid-2016, a year that also marks the brand's 75th anniversary.
 
American automobile major General Motors too announced the launch of an all new four-door Chevrolet Essentia next year.
 
Tata Motors and Jaguar-Land Rover too showcased their products to the media. Volkswagen unveiled their new compact sedan Ameo, Tiguan, Passat GTE and the 21st Century Beetle.
 
Honda Cars India Limited unveiled the BR-V for the first time in India while Mercedes Benz launched the much-awaited SUV GLC and the S-Class Carbiolet, said a statement from the event organisers.
 
In the two-wheeler segment, Honda Motorcycle and Scooter India launched a new 110cc motorcycle NAVI and also announced six new planned production models slated for an India launch.
 
On its part, Piaggio India unveiled its forthcoming crossover two-wheeler Aprilia SR 150.
 
India's Hero MotoCorp unveiled a new range of products -- Splendor iSmart 110, Xtreme 200 S, XF3RA and Duet E -- and concepts.
 
Suzuki Motorcycle India showcased its new Access 125 scooter and the revamped Gixxer motorbikes.
 
Presence of industry stalwarts and public figures like Katrina Kaif, Ranbir Kapoor and Sachin Tendulkar added to the glamour to the event.
 
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.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)