Volvo Cars India starts a clean air campaign Posted on 13th October 2018 |
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| On Friday, Volvo Cars India, the subsidiary of Swedish automaker Volvo Cars, started an initiative towards spreading awareness about clean air in the country. The campaign covers three areas: a school programme, dealership-led initiatives, and developing clean zones. School programme: The company will hold sessions—in chosen schools across the country—with environmentalists on the effects and causes of air pollution. For schoolchildren, there will be do-it-yourself (DIY) workshops that will include teaching them how to make air-purifiers to create mini clean zones, say, in classrooms or homes. Dealership-led initiatives: Volvo Cars dealers across India will invite prospects with their children for DIY workshops. The customers who buy Volvo cars will receive a token of appreciation—a plantable seed bag. This bad is made of biodegradable material with post-consumer materials (not by cutting trees), and is embedded with seeds. When the plantable seed bag is planted in a pot of soil, the seeds grow and the paper composts away. Developing clean zones: Near the festival of Diwali—when air pollution generally soars to high levels, especially in Delhi NCR—Volvo Cars India will create clean zones for Delhi traffic policemen. These will be essentially clean air pods that will be installed at select traffic intersections in New Delhi, where policemen manning the intersections can sit. According to journal The Lancet, over a million Indians die every year due to air pollution—two deaths every minute. Charles Frump, the managing director of Volvo Cars India, said this clean air initiative is one of the many measures the company is taking towards sustainability. Others include launching plug-in hybrid electric vehicles (PHEV) in India—last year, the company had launched the XC90 T8 Excellence variant PHEV in the local market. “Globally, we aim to have electric cars making up 50% of our sales by 2025. This ambition builds on our 2017 announcement that all new models released from 2019 onwards will be available as either mild hybrid, plug-in hybrid or battery electric vehicle. So, the target is to have 1 million electrified cars on global roads by 2025. I would like the Indian market to contribute adequately to that number,” he said. The company’s other sustainability targets include removing single-use plastics from all its offices across the world, and using 25% recycled plastics in every new car from 2025 onwards. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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