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As slowdown grips auto sector, Tata Motors operations take a hit

Friday, August 23, 2019, 9:26 PM

The slowdown observed in the auto sector has crippled major vehicle manufacturing companies in India including Tata Motors. It is likely to have affected over two-lakh-people, who are directly or indirectly involved with the company. Lower demand for automobiles over the past few months have posed fresh uncertainty over the operations of around 1,200 to 1,400 ancillary units of Tata Motors in Jamshedpur.
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Unprecedented situation for govt in 70 years, says NITI Aayog VC on liquidity crisis

Friday, August 23, 2019, 9:25 PM

NITI Aayog Vice-Chairman Rajiv Kumar has termed the ongoing stress in financial stress as "unprecedented in the last 70 years" while calling for extraordinary steps to tackle the economic slowdown. Citing the situation of liquidity crisis in the financial sector and weak private investments, he said the government needs to take "out of the ordinary" steps to revive growth.
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Delhi: Man arrested for killing two in Jyoti Nagar

Friday, August 23, 2019, 9:24 PM

A 28-year-old man was arrested for allegedly killing two persons, including a gym trainer, in northeast Delhi's Jyoti Nagar area in May, police said on Thursday. "Police received information that Avnish would come in the area of Mandoli to meet his friend, following which a trap was laid and Avnish was arrested on Wednesday," said Rajesh Deo, Deputy Commissioner of Police (Crime).

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