Business

Bajaj Auto reverses 10 percent salary cut for employees

[ad_1] India’s largest motorcycle exporter and top two-wheeler maker, Bajaj Auto Limited has reversed the company’s decision to opt for an organization-wide pay cut for April 2020. Now Bajaj Auto has secured full payment to its employees for the closing period. Bajaj Auto had agreed to a 10 percent wage …

Read More »

Bhel’s Make in India pushes its dormant plants; invites global companies to use their manufacturing facilities

[ad_1] Bhel’s proposed partnership can save time for foreign partners while putting Bhel’s idle factories and employees to work. (Bloomberg image) Following lower utilization of its manufacturing facilities, the state-owned company Bharat Heavy Electricals (Bhel) called for the expression of interest (EoI) from foreign companies, which want to use their …

Read More »

Next 5 cars under Rs 5 Lakh launch for 2021

[ad_1] Increasing competition in the entry-level segment means automakers have to update their cars regularly or launch new products to stay relevant in the segment. While premium SUVs, sedans, and even MPVs continue to gain popularity in the marketplace, ignoring the most crucial space in India – namely entry-level space …

Read More »

After FB, US firm to pay $ 750m for 1.2% stake in Jio

[ad_1] MUMBAI: Following Facebook, US-based private equity firm Silver Lake will pay Rs 5.656 crore ($ 750 million) to acquire 1.15% in the digital and telecommunications unit of Reliance Industries (RIL). The Jio Platforms deal, Silver Lake’s largest investment in India, will help RIL accelerate its debt reduction plans. The …

Read More »