Author Archives: Loknath Das

Future Retail raises ₹2,000 crore through issue of warrants to promoter entity

NEW DELHI: Future Retail Tuesday said it has raised nearly₹2,000 crore through issue of warrants to its promoter group entity on a preferential basis. “The committee of directors of the company has inter-alia considered and allotted 3,96,03,960 equity warrants at a price of ₹505 per warrant, each convertible into or exchangeable for one equity share of face value of ₹2 each…to Future Coupons ... Read More »

Iraq’s billion-dollar used car parts paradise

“It’s a money-making machine,” says garage owner Karhi Bakr, 59, about the import of secondhand car parts into the Kurdistan capital of Irbil. Containers full of parts from cars written off after accidents in the West continue to pour into the city, which has become a major hub for the trade. Some of the 200 or so Kurdish traders involved have ... Read More »

2019 BMW Z4 ROAD TEST REVIEW

o every pair of eyes that lustily followed the 2019 BMW Z4 as it drove past (of which there were scores), the attraction was clear, and very present. It’s red, it’s low, and its striking with its aggressive styling and enough lines to make a ruled notebook jealous. They probably don’t care that it shares its new CLAR platform with the new ... Read More »

View: Future of democracy is literally in India’s hands

. “On or about December 1910, human character changed,” the English novelist Virginia Woolf once wrote. It’s no exaggeration to say that human character in India changed equally dramatically between 2014 and 2019 as the number of active smartphones in the country quadrupled from 100 million to 400 million. Woolf, like many of her contemporaries in the early 20th century, was interested ... Read More »

‘Crude prices to hold firm in future as supply tightens’

Crude-oil prices have been rising sharply in international markets as OPEC is committed to rebalancing the crude oil market. The latest update shows that OPEC’s crude-oil production in March further declined to 30.02 million barrels a day, from 30.56 million b/d the previous month. A steep decline in production from Saudi Arabia, Venezuela and Iraq led to rise. Saudi Arabia ... Read More »

Lotus’s First All-New Car in a Decade Will Be an Electric Hypercar

Colin Chapman’s legacy is legendary, as is that of the marque he founded, Lotus. To call the two influential in the history of motorsports and sports cars is to grossly understate the matter. But, for the past couple decades (or three), small but spirited Lotus has struggled to move that legacy forward in a world of increasingly complex technologies. That’s ... Read More »

Under arrest: The future of Julian Assange and WikiLeaks

On The Listening Post this week: Journalism on trial – WikiLeaks founder Julian Assange faces extradition after arrest in London. Plus, the journalists who exposed Malaysia’s 1MDB scandal. Under arrest: The future of Julian Assange and WikiLeaks Six years, nine months, three weeks, two days after taking refuge in the Ecuadorian embassy, the impasse was broken when Julian Assange was dragged out of the building by British ... Read More »

4th industrial revolution will add unpredictability to future of work: India

As the ILO marks its centenary amid unprecedented technological transformationand disruption in the labour market, Indiahas said the fourth industrial revolution will add unpredictability to the future of work, requiring people’s opportunities and well-being to be localised and re-examined. “Anxiety about the impact of technology on the world of work is not new. The question of how technology shapes work and labour and how society ... Read More »

2019 Porsche 911: Old vs New

It is a special occasion when Porsche launches a new model in India and even more so when the new car in question is the new-generation 911. Yes! The Porsche 911 has been a heartthrob of most car enthusiasts. That is because it’s one of those models which combine the best of good looks, exhilarating performance and it was always billed as an ‘everyday ... Read More »

Ford Likely To End Independent India Business With New Mahindra Deal

Ford will hold a 49 percent stake in the partnership while Mahindra will own 51 per cent. Ford Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will see the U.S. automaker cease its independent operations in the country, two sources with direct knowledge of the talks told Reuters. Under the ... Read More »