Chevrolet India says faulty Takata airbags replaced in 12,000 Cruze units

Automaker Chevrolet India, part of the U.S. auto major General Motors, is inspecting and replacing faulty airbags in Cruze sedan units manufactured between 2009 and 2017 Automaker Chevrolet India on April 13 said it has replaced faulty Takata airbags in around 12,000 Cruze units in the country while appealing to leftover customers to get their vehicles inspected at the earliest. […]

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Panacea Biotec to make 100 m doses of Sputnik V vaccine

RDIF now has production pacts with five Indian firms Vaccine and pharma major Panacea Biotec has joined a growing list of Indian firms cleared to produce Sputnik V, the Russian vaccine against COVID-19. The firm will produce 100 million doses per year of Sputnik V, Russia’s sovereign wealth fund RDIF (Russian Direct Investment Fund) said on Monday, announcing its fifth […]

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‘Passenger vehicle segment may post 25% growth in FY22’

Semiconductor shortage will remain a key challenge: ICRA The passenger vehicle (PV) segment in India is expected to grow up to 25% in 2021-22, even as shortage of semiconductors will continue to remain a key challenge for the industry, ratings agency ICRA said on Tuesday. “The Indian passenger vehicle (PV) industry is expected to post an impressive growth of 22-25% […]

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Ready to discuss GST on fuel if States want it: FM

Government raises EPF limit to ₹5 lakh if there is no contribution by the employer The Centre is ready to consider bringing fuel under the Goods and Services Tax regime if the States bring up the issue at the GST Council, Finance Minister Nirmala Sitharaman said on Tuesday, arguing that all decisions related to the indirect tax are driven by […]

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Adani Green Energy raises $1.35 bn to fund renewable units

Lenders to initially fund 1.69 GW hybrid portfolio Adani Green Energy Ltd (AGEL) has raised $1.35 billion in debt for its under-construction, renewable-asset portfolio from 12 international banks, the company said. “The revolving project finance facility would initially finance the 1.69 GW hybrid portfolio of solar and wind renewable projects to be set up under four SPVs (special purpose vehicles) […]

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Shell, Eni acquitted in Nigeria oil corruption case

Fox Business Flash top headlines for March 17 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. MILAN – A court in Milan on Wednesday acquitted oil giants Shell and Italy’s Eni of corruption charges in a $1.1 billion bribery case involving control of a lucrative Nigerian oil block. In addition to the companies, Eni’s current […]

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Retailers reach 93% of pre-COVID sales: RAI

‘Consumer durables, QSRs see growth’ The retail industry’s business is on the brink of full recovery as it achieved 93% of pre-COVID sales in February, according to a report. Segments such as consumer durables and quick service restaurants (QSR) have shown growth of 15% and 18% respectively in February 2021, the report from the Retailers Association of India (RAI) said. […]

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