Tag Archives: as

Vodafone CEO Nick Read says company’s future in India looks doubtful as situation is critical

Vodafone said its future in India could be in doubt unless the government stopped hitting operators with higher taxes and charges, after a court judgment over licence fees resulted in a 1.9 billion euro group loss in its first half. Chief Executive Nick Read said India, where Vodafone formed a joint venture with Idea Cellular in 2018, had been “a ... Read More »

India vs Bangladesh: Virat Kohli’s rest and MS Dhoni’s future on the radar as selectors meet to pick squad

With the South Africa series over, the Indian team is now set to take on Bangladesh for a series of 3 T20Is and 2 Tests starting from November 3. As reported earlier, the MSK Prasad-led BCCI’s selection committee will be meeting on Thursday to select the squad for the series. Also, with the Bangladesh Cricket Board (BCB) having accepted most ... Read More »

Spider-Man’s Marvel Cinematic Future in Jeopardy As Disney and Sony Butt Heads Over Producing Deal

Spider-Man is under threat of eviction from the Marvel Cinematic Universe if the two companies controlling the character’s future can’t come to an agreement over producing and revenue sharing. In 2015, Marvel and Sony brokered a deal to share Spider-Man that involved Disney co-financing Spidey movies in exchange for a share of profits and for use of the web-slinger in its sprawling network of interconnected films. That ... Read More »

Team Rahul Gandhi’s future uncertain as new winds blow in Congress

Inducted into key roles with much fanfare and hope, top members of team Rahul Gandhi face an uncertain future as the party deals with the aftermath of its dismal performance in the Lok Sabha election and resignations pour in. Gandhi recently quit as the Congress president, taking responsibility for the drubbing, and many of his closest aides followed him. His ... Read More »

Used-cars market shines bright as sales hit 4 million mark in FY19

As automakers continue to report plummeting April sales numbers, the factors triggering a slowdown in the new-cars market don’t seem to be weighing on the used-cars market. Used-cars sales crossed the 4 million unit mark in FY19, with it being 1.2x the size of the new car market. It is also poised to reach between 6.7 to 7.2 million cars ... 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 »

Jet Airway’s Future Hangs In Limbo As Talks Go Nowhere

James Hogan, CEO of Etihad Airways, left, and Naresh Goyal, chairman of Jet Airways, attend a news conference in Mumbai, India, on August 11, 2014. (Photo: Vivek Prakash/Bloomberg) © 2014 BLOOMBERG FINANCE LP Will Naresh Goyal be remembered as the man who created India’s first successful private airline, or the man who caused it to collapse? It’s been a few ... Read More »

Lotus Make-Up India Fashion Week 2019 Day 3: Dia Mirza and Sophie Choudry walk the ramp as showstoppers

Lotus Make-Up India Fashion Week Autumn Winter’ 2019: The third day saw Dia Mirza, Sophie Choudry, Amyra Dastur and Kritika Kamra as showstoppers. Lotus Make-Up India Fashion Week Autumn Winter’ 2019 (LMIFW AW’19), a four-day fashion extravaganza, is currently underway in the capital city. Designers Ruchi Roongta and Rashi Agarwal, Shivani, Simmi Saboo, Ashwini Reddy, among others showcased their collections ... Read More »

Used car imports jolted as govt revives restrictions

KARACHI: The Ministry of Commerce (MoC) has revived a condition for used car imports that proved controversial last time it was introduced. The condition is that payment of duties and taxes for all car imports be made in foreign exchange to be directly remitted from abroad by the person importing the vehicle. Most used cars are imported in Pakistan under ... Read More »

Market for used cars shifts as sterling rates drive UK imports

Kieran Whelton with some of his UK imported secondhand cars at his car dealership in Knock, Co Mayo. Photograph: Keith Heneghan Share to FacebookShare to TwitterShare to Email AppShare to LinkedIn For the Irish motor trade, the market is as much about currency rates as cars. Dealers watch the latest forex market as closely as the IFSC currency traders. Kieran ... Read More »