His unprecedented actions, from novel export deals to frozen university grants, have upended the status quo between the government, law, academia and corporate America. President Donald Trump has escalated his criticism and actions against executives, corporations and institutions. His unprecedented actions – from novel export deals to frozen university grants – have upended the status quo between the government, law, academia and corporate America. Trump had said in a social media post he told Cook “long ago” that “I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else”. A tax panel approved lower GST of 5% on items of everyday use such as packaged food, medicines, toothpaste, fruit, milk products, talcum powder and shampoo, against 12% to 18% now. Citi said India’s inflation could ease as much as 1.1 percentage points if the cuts are fully passed through to consumers.
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In a post on his social media platform on Thursday, Trump also called Comcast a “weak and ineffective owner … headed by … Brian Roberts.” Trump had said in a social media post that he told Cook “long ago” that “I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or vegas casino download anyplace else.” President Donald Trump has escalated his criticism and actions against executives, corporations and institutions alike.
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Trump did not cite evidence or specifics of any wrongdoing, in a question-and-answer session with corporate leaders and CEOs assembled on stage. At the start of the month, Trump announced Apple would invest an additional $100 billion in the U.S., raising its total domestic commitment to $600 billion over the next four years. Trump has repeatedly targeted Apple and its boss, Tim Cook, for making U.S.-sold iPhones outside the country and has threatened company-specific tariffs. The remarks from Trump came as the British carmaker, owned by India’s Tata Motors TAMO.NS, announced the retirement of CEO Adrian Mardell, who spent more than three decades at the company. Responding to that on Truth Social, Trump threatened to cut federal subsidies and contracts to Musk’s companies and said the billionaire “just went CRAZY” after losing the electric-vehicle mandate in the bill. At the start of the month, Trump demanded Intel CEO Lip-Bu Tan step down due to China ties.
Trump said in May Walmart and China should “eat the tariffs” and not burden American shoppers, after CEO Doug McMillon said the retailer could not absorb all tariff-related costs because of narrow retail margins. Trump in August alleged that BofA CEO Brian Moynihan and JPMorgan chief Jamie Dimon discriminated against him and his supporters. But in recent weeks it has become the only choice at nearly all of the country’s 90,000 fuel stations. Older blends, like E5 and E10, typically seen as more compatible with old cars, have mostly been removed, leaving drivers with just one choice.
Kindly note that, this article does not constitute an offer or solicitation for the purchase or sale of any financial instrument. Tata Hitachi Construction Machinery – This joint venture between Hitachi and Tata Motors was earlier known as Telcon Construction Solutions. In 2009, Tata Motors also saw a massive increase in the sale of the jointly developed (with Tata Daewoo) Tata World Truck range, which was sold in South Africa, South Korea, the Middle East, and the SAARC countries. Balance sheet of Tata Motors is moderately strong, But short term working capital might become an issue for this company.
Urban consumers have been tightening their belts in recent quarters, squeezed by high living costs and sluggish income growth. A cut in GST on small cars, the auto-market’s most price-sensitive segment, could fire up festive season demand, giving middle-class buyers a break. In recent weeks, worried motorists took to social media over concerns about large fuel efficiency drops and confusing statements from carmakers. Carmakers first said E20 fuel had not been tested for compatibility with older vehicles, but backtracked later saying it is safe to use. Sept 10 (Reuters) – Jaguar Land Rover on Wednesday said that “some data” was affected in a cybersecurity incident disclosed last week, which has disrupted production and sales at the British luxury carmaker. The luxury carmaker, owned by India’s Tata Motors TAMO.NS, said it shut down its systems in early September to contain the hack that has severely disrupted its retail and manufacturing operations.
- Analysts at Nomura said automotive dealers stocked up conservatively for August ahead of the key tax cut decision, so as not to hold on to higher-cost inventory.
- His government has recommended hefty cuts on goods and services tax (GST) that could make everything from shampoos to electronics cheaper.
- It also proposed hiking the tax to 28% for cars priced above $46,000, saying that such vehicles cater to the “upper segment” of society and are largely imported rather than manufactured domestically.
- An annual revenue de-growth of 0% needs improvement, Pre-tax margin of 8% is okay, ROE of 23% is exceptional.
- The proposal could affect domestic EV makers such as Mahindra & Mahindra MAHM.NS and Tata Motors TAMO.NS, though their offerings above the 2 million rupee price range are limited.
The British carmaker last week shut down its systems to mitigate the breach’s impact, adding to its woes around launch delays and slowing demand. “Our forensic investigation continues at pace and we will contact anyone as appropriate if we find that their data has been impacted,” the company, owned by India’s Tata Motors TAMO.NS, said. The breach was the latest in a string of cyber and ransomware attacks targeting companies around the world. Its three factories in Britain, which usually produce about 1,000 cars per day, will now not restart until September 24, the company said on Tuesday.
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The company also has franchisee assembly operations in Russia, Ukraine, Senegal, Bangladesh, and Kenya. The automobile giant expanded its market rapidly through the production of buses like Starbus and Globus, which it developed in association with Hispano Carrocera, they also developed trucks like Novus with Tata Daewoo. In 2006, they formed a joint venture with Marcopolo, based in Brazil, where Tata Marcopolo Bus set forth its course to manufacture fully built coaches and buses. “Any tax cut has wide public appreciation. But of course, the timing is purely determined by political exigencies,” said Dilip Cherian, a communications consultant and co-founder of Indian public relations firm Perfect Relations. “The move will also help the stock market, which is now politically important as it has a lot of retail investors.”
Using E20 fuel in older vehicles lowers mileage but is not a safety risk, P.K. Banerjee, executive director at the Society of Indian Automobile Manufacturers (SIAM), told reporters late on Saturday at a news event in New Delhi. India set a 2025 target years ago for 20% ethanol blending in fuel, called E20, as part of Prime Minister Narendra Modi’s focus on clean energy. But in recent weeks it has become the only choice at nearly all fuel stations, causing furore among drivers over its impact on vehicle performance and durability, especially older vehicles. Analysts at Nomura said automotive dealers stocked up conservatively for August ahead of the key tax cut decision, so as not to hold on to higher-cost inventory. NEW DELHI, Sept 4 (Reuters) – Indian Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
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LONDON, Sept 16 (Reuters) – Britain’s largest carmaker, Jaguar Land Rover, said a pause in production due to a cyber attack would now stretch to September 24, extending the stoppage at its British plants to more than three weeks. “Upon discovery, we immediately activated our incident response protocols … and are directly informing affected customers,” the Chrysler parent said in the statement. In Britain, household names including Marks & Spencer MKS.L and the Co-op Group 42TE.L have fallen victim to increasingly sophisticated breaches. The Ba1 rating reflects that it will likely withstand the impact of the cyber incident, says Sweta Patodia, an assistant Vice President and analyst at Moody’s. This comes a day after Britain said it will back JLR with a $2 billion loan guarantee to help support its supply chain in the wake of the production shutdown after the attack.
- Mutual Fund, Mutual Fund-SIP are not Exchange traded products, and the Member is just acting as distributor.
- “This loan guarantee will help support the supply chain and protect skilled jobs,” he said.
- “Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected,” Trump said in a social media post.
- “Millions of vehicles are plying on E20 for quite some time now. Not a single vehicle breakdown or engine failure has been reported,” said Banerjee, adding that if issues arise, warranty and insurance claims will be fully honoured by companies.
- While India has been gradually rolling out E20 fuel since 2023, older blends, like E5 and E10, typically seen as more compatible with older vehicles, were also offered.
Both lenders have denied the allegations of “debanking” on multiple occasions. Trump criticized Jaguar’s rebranding effort in August, calling the campaign “woke” and “stupid”, and linking it to the departure of the company’s CEO. “India’s ethanol journey is unstoppable,” petroleum minister Hardeep Singh Puri said on August 8, adding that “some lobbies with vested interests are actively attempting to create confusion.”
Raman, executive committee member at Maruti Suzuki, India’s biggest carmaker. However, driving in real world conditions can contribute to higher drops in mileage due to a variety of factors. Banerjee said claims of a 50% drop in fuel efficiency are unfounded and misinformed.
Consumption stocks such as Hindustan Unilever HLL.NS, Nestle India NEST.NS and Dabur DABU.NS gained between 4% and 7%, powering the FMCG index .NIFTYFMCG 1.8% higher. Earlier this week, though, Trump announced Apple would invest an additional $100 billion in the U.S., raising Apple’s total domestic commitment to $600 billion over the next four years. The remarks from Trump came as the British carmaker, now owned by India’s Tata Motors TAMO.NS, announced the retirement of CEO Adrian Mardell, who spent more than three decades at the company.
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Aug 13 (Reuters) – Tata Motors-owned TAMO.NS Jaguar Land Rover is recalling more than 121,500 vehicles in the United States due to cracked suspension knuckles in the front, the U.S. “GST reduction will impact everyone, unlike cuts to income tax, which is paid by only 3%-4% of the population. Modi is doing this as he is under a lot of pressure due to U.S. policies,” said Kidwai. Additionally, the simpler two-rate structure – slabs of 5% and 18%, with the 12% and 28% slabs scrapped – would make a host of products cheaper, from butter and fruit juices to dry fruits, offering a lift to consumer goods firms and shoppers. “Sectors like autos and cement, which are presently in the 28% tax slabs, are expected to benefit,” he said. Later in July, the university said it will pay over $200 million to the U.S. government in a settlement with Trump’s administration. Trump had said in a social media post after the arrest of a Palestinian graduate student Mahmoud Khalil played a prominent role in the protests.
In January, Trump accused both Moynihan and Dimon of not providing banking services to conservatives, echoing Republican complaints about the industry. Trump has repeatedly targeted Apple and its boss, Cook, for making U.S.-sold iPhones outside the country and has threatened company-specific tariffs. The latest round of trade talks between the two nations set for August has also been called off. “It seems to be an indication of some mixture of frustration as well as recognition that there is a broad public pushback against high and crippling rates of taxation.” Government data shows the 28% and 12% tax slabs together garner 16% of India’s annual GST revenue of roughly $250 billion last fiscal year. Under the new system, India will abolish the 28% slab – which includes cars and electronics – and move nearly all of the items under the 12% category to the lower 5% slab, benefitting many more consumer items and packaged foods.
Reuters had reported in April that Tan invested at least $200 million in hundreds of Chinese advanced manufacturing and chip firms, some of which were linked to the Chinese military. Thakur, unconvinced, is now using a pricey no-ethanol fuel still available at select pumps. “Just give me the right fuel my car was originally made for,” he told Reuters. Toyota 7203.T said in a statement that “a modest variation” in fuel economy in its cars was likely with E20.
India will have two key tax rates of 5% and 18% from September 22, versus four now. A new tax slab of 40% will apply to high-end goods, but all additional levies above that are to be abolished, bringing down effective tax rates on mid-size and big cars. The breach, which the company disclosed on Tuesday, is the latest in a string of cyber and ransomware attacks targeting companies around the world. In Britain, household names including Marks & Spencer MKS.L and Co-op have fallen victim to increasingly sophisticated breaches.
The carmaker, which is owned by India’s Tata Motors TAMO.NS, has three factories that together produce about 1,000 cars per day, and sustain many jobs in the area around Birmingham, Britain’s second biggest city, and the northern city of Liverpool. A survey on Friday showed that some firms were reducing staff hours or making redundancies. This ratio represents a company’s net asset value or shareholder’s equity per outstanding share.