More fresh products, localisation VW's top priority in India

Mumbai: German auto major Volkswagen is working to bring more feature-packed fresh products every year to India while revving up localisation instead of trying to compete in the highly competitive mass market segment. Having learnt lessons in the past decade of its presence in the country, the world’s largest automaker has undertaken a course correction and is working to establish itself as the most preferred ‘affordable premium brand’ in India.

Large Mayan jade pendant with carved inscriptions discovered

Washington: In a rare find, scientists have discovered a large piece of carved jade that once belonged to an ancient Maya king, inscribed with a historical text decribing its first owner. The jewel – a jade pendant worn on a king’s chest during key religious ceremonies – was first unearthed in 2015, in Nim Li Punit in southern Belize. The T-shaped pendant is remarkable for being the second largest Maya

5 major telcos optimum for Indian mkt: Telecom Secy JS Deepak

Barcelona: The fresh round of consolidation unfolding in the Indian telecom market is likely to yield five major players ensuring “enough competition but not fragmentation of spectrum”, Telecom Secretary J S Deepak said. His comments assume significance as India — the world’s second largest mobile services market after China — is in the midst of massive consolidation with incumbent operators joining forces to take on aggressive newcomer Reliance Jio. The

Malaysia says airport safe, autopsy shows nerve agent effect

Kuala Lumpur: Malaysia’s health minister said autopsy results suggested a nerve agent caused “very serious paralysis” that killed the exiled half brother of North Korea’s leader, as police completed a sweep of the budget terminal where he was poisoned and declared it safe of any toxin. The investigation has unleashed a serious diplomatic fight between Malaysia and North Korea, a prime suspect in the Feb 13 killing of Kim Jong

Sebi cautions investors against dealing in PACL properties

New Delhi: Cautioning investors over PACL’s illegal money-pooling case, Sebi has advised them against dealing with any property where the group and its promoters have interests. It also asked investors to retain their documents and not part with them for any reason whatsoever till a “specific notification” is issued by the Supreme Court appointed R M Lodha committee — which is overseeing disposal of PACL assets so as to refund

FPIs net inflow at Rs 14,600 cr in February

New Delhi: Overseas investors have pumped in over Rs 14,600 crore into the Indian capital markets this month so far, enthused by clarity on FPI taxation. The latest inflow followed a net pullout of Rs 80,310 crore from equity and debt together in the past four months (October-January). Prior to that, FPIs had invested over Rs 20,000 crore in the capital market in September 2016. According to depository data, foreign

'Mumbai richest Indian city with total wealth of USD 820 bn'

New Delhi: India’s financial capital Mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest Indian city with a total wealth of USD 820 billion, says a report. According to New World Wealth, Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third place, respectively. Delhi is home to 23,000 millionaires and 18 billionaires with a total wealth of

Eight of top 10 cos add Rs 66,708 cr in m-cap; RIL shines

New Delhi: Eight of the 10 most valued Indian companies together added Rs 66,707.68 crore in market valuation last week, with RIL emerging as the biggest gainer. Barring ITC and HDFC, rest eight companies including TCS, HDFC Bank and ONGC saw a rise in their market capitalisation (m-cap) for the week ended Friday. RIL’s valuation zoomed by Rs 34,790.41 crore to Rs 3,83,619.01 crore, becoming the top gainer. The m-cap

64 exporters participating in 'Gulf Food 2017' in Dubai

New Delhi: As many as 64 exporters from the agriculture and processed food sector are participating in the five-day ‘Gulf Food 2017’ event in Dubai, the commerce ministry said today. The show will start tomorrow. The event assumes significance as UAE is a potential market for Indian food products such as basmati rice, fresh fruits & vegetables, buffalo meat, processed fruits, dairy products, wheat and other cereals. The Agricultural and

Elephant rescued from slush in Nilgiris district dies

Coimbatore: A 25-year old female elephant, rescued after it was stuck in slush, died today in the Mudumalai Tiger Reserve camp in neighbouring Nilgiris District, taking the number of elephant deaths in the MTR to five in the last one week. The elephant was roaming in search of water when it got trapped in the slush in Karugudi forest range on February 23. On being alerted by locals, forest department

Footwear hurled at AIADMK MLA Karunas' car

Sivaganga (TN): An unidentified person hurled a footwear at the car of AIADMK MLA and film actor Karunas when he visited his constituency Thiruvadanai in the district. Karunas, who has recently come in for flak on social media for supporting AIADMK chief V K Sasikala, arrived to garland a statue of freedom fighter Pasumpon Muthuramalinga Thevar when the incident occurred, police said. The footwear fell on the car, police said