According to the credit rating agency, ICRA, the revenues of the domestic automobile dealership industry are expected to grow by 11-13% in the current fiscal year (FY24). As per the firm, both the anticipated 6-9% volume growth and a rise in vehicle pricing during the current fiscal year will contribute to the revenue growth this fiscal. Furthermore, because of the factors like improvement in consumer sentiments, easing supply constraints, and better features in new models, among others, will support the sales growth in the consumer segment. On the other hand, in terms of the commercial segment, improvement in economic activities,…
Author: Editor's Desk, Tattva News
The Supreme Court on Thursday lifted a ban imposed by the West Bengal Government on the screening of ‘The Kerala Story’ and asked it to ensure safety of moviegoers in the state. A Bench led by CJI DY Chandrachud also directed the Government of Tamil Nadu not to ensure that there was no direct or tacit ban on the film in the state and ensure safety of going to theatres to watch it. On behalf of the filmmakers, senior counsel Harish Salve undertook that a disclaimer would be added to the film that the figure of 32,000 Hindu and Christian…
As the four-day impasse on the Karnataka chief minister post ended, senior Congress leader Siddaramaiah met Governor Thaawarchand Gehlot and staked claim to form government. The meeting with governor came soon after a crucial meeting of the newly party MLAs elected Siddaramaiah as the Legislative Party leader on Thursday evening. KPCC president D.K. Shivakumar, who had also lobbied hard for the coveted post, accompanied him to the Raj Bhavan. Days after hectic deliberations over the formation of a new government in Karnataka, the Congress Legislature Party (CLP) earlier approved Siddaramaiah as the CLP leader in Bengaluru. The meeting was called…
Prime Minister Narendra Modi today departed for his six-day visit to three countries – Japan, Papua New Guinea and Australia, to attend multilateral summits. During his trip, PM Modi is also scheduled to attend the Group of Seven (G7) summit. According to the external affairs ministry, the Prime Minister will first visit Hiroshima in Japan from May 19 to 21 to participate in the annual summit of the G7 advanced economies under the Japanese Presidency. He is visiting Japan at the invitation of Japanese Prime Minister Fumio Kishida. After attending the G7 summit, the Prime Minister will head to Papua New Guinea.…
Union Minister of State for Information and Broadcasting Dr L Murugan inaugurated the India Pavilion at Cannes at Marché du Film in presence of Jawed Ashraf, Ambassador of India to France, Prithul Kumar, Joint Secretary, MIB and stars of the Indian film industry. Addressing a gathering of delegates from India including film stars and officials, Dr Murugan stated that today India is the world’s largest producer of films with over 3000 films in over 50 languages. These films carry a message of India’s strength in storytelling across the world. Citing the example of the now famed Elephant Whisperers of Mudumalai,…
According to a release from the Ministry of Jal Shakti, the Jal Jeevan Mission (JJM) has reached a key milestone by supplying safe and clean drinking water through taps to over 12 crore rural homes across the country. Prime Minister Narendra Modi launched the programme on August 15, 2019, when only 3.23 crore rural families had access to piped water connections. However, as of today, five states – Goa, Telangana, Haryana, Gujarat, and Punjab – and three union territories – Puducherry, Dadra and Nagar Haveli, Daman and Diu, and Andaman and Nicobar Islands – have claimed 100% coverage. Both Himachal…
India’s internet speed has improved in speed tests. According to the Speedtest Global Index by Ookla, India’s net speed in both mobile as well as fixed broadband showed improvement in the month of April, compared to previous months. In median mobile speeds, India’s speed increased from 33.30 mbps (mega bits per second) to 36.35 mbps. This improved the nation’s mobile internet speed rankings up four places from No. 64 to No. 60. In median fixed broadband speeds, speed increased slightly from 50.71 Mbps in March to 51.12 Mbps in April. Thus moving it up from No. 83 to No. 84.…
In FY24, over a dozen luxury electric vehicles (EVs), including sports utility vehicles (SUVs), are expected to be sold in India as automakers try to match consumer demand for environmentally friendly transportation with their product strategies. The number of electric luxury vehicles among the 48 new passenger vehicle (PV) launches planned for the year through March, 2024 could reach 11, which would be a record high for a fiscal year. Models from Mercedes-Benz, BMW, Lexus, Audi, and Volvo’s global lineup will be introduced in India. On the other hand, in FY23, out of the total 54 launched, only about six…
International Day Against Homophobia, Biphobia and Transphobia On May 17, International Day Against Homophobia, Biphobia and Transphobia, workers demand equal, inclusive and safe workplaces for all, free from any form of discrimination. In many countries around the world same sex relationships are illegal and in five countries they are punished with the death penalty. As the authoritarian extreme right continue to gain traction in many countries; racism, xenophobia and discrimination targeting LGBTQI+ people, women, migrants and racialised people is on the rise. Despite progress and many achievements, homophobia and transphobia persist in the world of work and in society. LGBTQI+…
Responding to the press release published by the Inter Services Public Relations (ISPR) indicating the Pakistan military’s intention to bring ‘arsonists’ during last week’s violent protests to trial under the Pakistan Army Act and Official Secret Act, Dinushika Dissanayake, the Deputy Regional Director for South Asia at Amnesty International, said: “It is alarming to note that the Pakistani Army has stated its intention to try civilians under military laws, possibly in military courts. Trying civilians in military courts is contrary to international law. “Article 14 of the International Covenant on Civil and Political Rights (ICCPR), which Pakistan has ratified, guarantees…