Motovolt Mobility plans to invest Rs 200 crore next year for expansion
NEW DELHI: Electric two-wheeler maker Motovolt Mobility on Tuesday said it plans to invest Rs 200 crore next year on new products and to expand its manufacturing footprint and sales network. The company, which on Tuesday launched its electric bike URBN in two variants priced at Rs 49,999 and Rs 54,999, is looking to set […]
Welspun One Logistics Parks forays into North India
NEW DELHI: Welspun One Logistics Parks (WOLP), a pan-India integrated fund, development, and asset management platform backed by the USD 2.7 billion Welspun Group; forays into North India with the acquisition of two strategically located land parcels spread across Lucknow in Uttar Pradesh and Farukhnagar in Haryana. The development that entails a cost of Rs […]
Monsoon retreat begins from parts of north India: IMD
NEW DELHI: The southwest monsoon retreated from parts of west Rajasthan and Punjab on Monday, 11 days after its normal withdrawal date, the India Meteorological Department (IMD) said. Conditions are becoming favourable for its further withdrawal from some more parts of Rajasthan and Punjab and some parts of Haryana, Chandigarh, Delhi, Uttar Pradesh and Madhya […]
Dearth of quality people in north India: Labour minister on unemployment
NEW DELHI: Union labour minister Santosh Kumar Gangwar has said there was no dearth of employment opportunities in the country, but recruiters visiting north India complain of lack of “quality people” to fill vacancies, drawing flak from opposition leaders who accused him of insulting people of the region. The comments came amid criticism of the […]
BJP leader from North India given Minister of State rank
MUMBAI: The Maharashtra government has appointed Mumbai BJP leader Amarjeet Mishra vice-chairman of Maharashtra Film, Stage & Cultural Development Corporation Ltd (MFSCDCL), a post which carries Minister of State (MoS) rank. Education and Cultural Affairs Minister Vinod Tawde is chairman of MFSCDCL, a Maharashtra government undertaking which is commonly known as Film City. In order […]
Microfinance institutions should expand presence in North India
NEW DELHI: Reserve Bank of India (RBI) Deputy Governor N S Vishwanathan said on Thursday that there is much scope for increasing credit penetration in Northern part of the country and microfinance institutions (MFIs) should expand their presence there. Vishwanathan further said that MFIs need to become more efficient and invest more money in technology […]