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Companies

Yamaha Motor opens manufacturing institute

India Yamaha Motor  (IYM) has opened its first Japan-India Institute of Manufacturing (JIM) in Chennai. It is Yamaha's first Technical Training Institute in India under JIM and has been named as Yamaha Motor NTTF Training Center (YNTC). The institute focuses on training future shop floor leaders in the Japanese working methods and manufacturing style.

Land Rover unveils Range Rover SVAutobiography Dynamic

Tata Motors-owned British iconic sports car maker Jaguar Land Rover has introduced the Range Rover SVAutobiography Dynamic, a new high-end SUV to expand its Range Rover portfolio in India – the third biggest economy in Asia.

With a price tag of Rs 2.79 crore at any showroom in India, the Range Rover SVAutobiography Dynamic rivals the Mercedes-Benz G 63 AMG in the aggressive luxury car market in the country.

Here Come the Tesla Model 3s... and a Few Surprises

Sixteen months ago, Elon Musk shook the auto industry by unveiling the Tesla Model 3, a $35,000 electric sedan designed to take on the best-selling luxury cars. Customers stood in lines the world over to plunk down hundreds of thousands of $1,000 deposits—an unprecedented show of enthusiasm for a new vehicle from a relatively young automaker.

On Friday, Tesla will hand over keys to the first 30 customers and begin high-volume production that will determine whether Tesla is worth its $56 billion stock valuation—the biggest for a US carmaker. Here's what we'll be watching for.

Alibaba, Paytm talk for big pie in Bigbasket

Online grocery retailer Bigbasket.com has entered into a preliminary agreement with Alibaba and the e-commerce company backed by it, Paytm Mall, to conduct due diligence for a probable stake sale. Sources said both the entities wish to invest $200 million in Bigbasket for a significant stake.

According to the sources, Alibaba and Paytm are in a 60-day exclusive pact with Bigbasket and are conducting due diligence. The two could invest as a team or separately.

Snapdeal has plan B up its sleeve

As its proposed merger with bigger rival Flipkark is heading nowhere as of now, Snapdeal is in the process of preparing a plan B.

Tata’s new Doors of India

It’s literally knocking at customers’ doors, albeit with a twist. Tata Steel Group, one of the top global steel companies with an annual crude steel capacity of 27.5 million tonne per annum (MTPA) and operations in 26 countries and commercial presence in over 50 countries, has come up with a unique and innovative ‘Doors of India’ campaign to push its steel doors brand-‘Pravesh’.

Volvo unveils V90 Cross Country

Swedish luxury car maker Volvo Cars on Wednesday introduced the all-new Volvo V90 Cross Country station wagon to take on market leader Mercedes-Benz, BMW, Audi and Jaguar Land Rover and boost sales in Asia’s third biggest economy.
The V90 Cross Country is India's first luxury crossover station wagon.
With a price band of Rs 60 lakh at any showroom in India, Volvo V90 Cross Country has no competition as it has created its own segment in the country. But in the price range, it will rival the likes of BMW X3, Audi Q3 and Mercedes-Benz GLE.

Airtel to fund Project Next with Rs2K crore

Bharti Airtel will invest Rs 2,000 crore to enhance customer services under which its post-paid subscribers will be able to rollover unused mobile data to next billing cycle and get mobiles repaired on monthly payment starting at Rs 49.
The telecom major announced that it will invest Rs 2,000 crore over three years under Project Next to revamp customer touch points — Airtel stores and mobile application, and enhance post paid customer experience.

Cos face jail term for not reprinting revised MRP on inventory

Consumer Affairs Minister Ram Vilas Paswan today warned of a fine of up to Rs 1 lakh and a jail term if new post-GST rates are not printed on the inventory in the interest of consumers.
Manufacturers have been allowed to clear the unsold stocks by September with new MRP.
A committee of the consumer affairs ministry has been set up to address consumer grievances on GST and even helplines have been increased to 60 from 14 to address tax-related queries, he said.

Sebi bans Capquest Research from acting as investment adviser

Markets regulator Sebi today barred Capquest Research and its three directors from acting as investment advisers because of providing unauthorised trading tips to investors.
In its preliminary examination, Sebi found that Capquest Research Pvt Ltd (CRPL) and its promoters/directors -- Gitesh Malik, Shashanka Sharma and Prashant Kumar -- were offering stock, index and derivative tips through various plans and soliciting clients under different schemes.

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