Press Release Goodyear India, one of the world’s largest tyre companies, announced the appointment of Sandeep Mahajan as the Managing Director of India operations with effect from June 1, 2020, for a period of 5 years or up to the date of superannuation or retirement. He succeeded Rajeev Anand, who is superannuating from the company after completing more than 38[Read More…]
Press Release New Delhi, June 4, 2020: Jindal Stainless Limited (JSL), India’s largest stainless steel manufacturer, has regained its footing in export volumes by ramping-up production for global markets. With India yet to completely lift the lockdown, JSL’s strategic initiative to recapture volumes in the export markets is yielding encouraging results. In the month of May, JSL despatched export orders[Read More…]
To enhance the convenience and raise positive customer sentiments, Hyundai Motor India announced an EMI assurance program. Keeping the fear of employment uncertainty at bay, the program is claimed to ease the buying process. Offered on select Hyundai car models purchased during the month of May 2020, the program covers a customer for a period of one year from date[Read More…]
TVS Srichakra Limited announced a new feature of online purchase in its retailer app ‘TVS Eurogrip Bandhan’. Claiming to offer a comprehensive e-commerce experience to its customers, the app. helps to both place and track orders. P Madhavan, EVP – Sales & Marketing, TVS Srichakra Limited said, “Digitalisation has been at the core of our sales strategy. We launched the[Read More…]
Postponed in response to the local and global measures to curb the spread of Covid-19, Messe Frankfurt has rescheduled Automechanika Frankfurt to September 14- 18, 2021, post which the event is expected to resume its biennial itenary. Originally scheduled to take place from September 8-12, 2020, the Automechanika Frankfurt show was postponed in consultation with stakeholders including exhibitors, industry representatives,[Read More…]
The April manufacturing Purchasing Managers’ Index (PMI) dropped to a record low of 27.4 amidst the lockdown as per an IHS Markit study. With the PMI known to have contracted for the first time in three years, it is by far the lowest since the survey first recorded data in March 2005. Blaming the lockdown of factories and the stringent[Read More…]
Skoda Auto India has introduced a centralised online booking platform. Offering customers the convenience to choose a Skoda vehicle round the clock from the comfort of their home, the company platform is aimed at leveraging the new normal of transparent and contactless experience. Pioneering the online sales experience with the launch of the Octavia RS 245, Skoda is claimed to[Read More…]
The Maharashtra state government recently announced a 67 per cent cut in its spending for developmental works this fiscal. With a budget size second to the state of Uttar Pradesh, Maharashtra has incurred an estimated revenue loss in excess of Rs. 50,000 crore over the months of March and April 2020. As per the expert panel set up, it is[Read More…]
Geneva-based World Economic Forum (WEF) study advocates the use of Blockchain to tackle supply chain failures exposed by COVID-19. Recently, WEF is known to have released ‘Redesigning Trust: Blockchain Deployment Toolkit’ for organisations to accelerate an economic rebound to recover from the pandemic. Enabling leaders to maximise the benefits and minimise the risks of the technology, the toolkit will help[Read More…]
Moody’s Investors Service has cut the FY21 growth projection to zero per cent for India. Warning of a possible rating downgrade for the country subject to fiscal metrics “weakening materially”, the forecast rides on a prolonged or deep slowdown in growth. According to the global rating agency’s latest credit opinion, there are only limited prospects that the government would be[Read More…]
