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Curtains rise today on Tesla's India foray; Model Y tipped as flagbearer
Curtains rise today on Tesla's India foray; Model Y tipped as flagbearer

Business Standard

time14-07-2025

  • Automotive
  • Business Standard

Curtains rise today on Tesla's India foray; Model Y tipped as flagbearer

Real estate analysts watching Tesla's impact on rentals closely Anjali Singh Prachi Pisal Mumbai Listen to This Article Global electric vehicle giant Tesla is set to make its long-awaited India debut on Tuesday, with the launch of its flagship Model Y SUV expected to headline the occasion. The American automaker has locked in Mumbai's upscale Bandra Kurla Complex (BKC) as the location for its first showroom in the country, marking a significant milestone in its entry into India's burgeoning EV landscape. Less than 24 hours before the unveiling, final preparations were underway at Tesla's 4,000 sq ft space in Maker Maxity — an exclusive commercial enclave in BKC that houses sovereign wealth funds and global investment banks. Just

On a Weeklong Trip to India, Tiger Spotting and Conservation Go Hand in Hand
On a Weeklong Trip to India, Tiger Spotting and Conservation Go Hand in Hand

Condé Nast Traveler

time13-07-2025

  • Condé Nast Traveler

On a Weeklong Trip to India, Tiger Spotting and Conservation Go Hand in Hand

Suján Sher Bagh is a throwback camp on the edge of the Ranthambore National Park where the tents, set under peepal trees, have director's chairs, canvas-covered patios, and giant brass bathtubs. Its owners, Anjali and Jaisal Singh, have developed their own reputation as pioneers in the Indian luxury-meets-conservation space. On the first leg of our trip, we stayed at another of their properties, Suján Jawai, a tented camp about three hours south of Jodhpur that is surrounded by reforested farmland. Big cats, including active wild leopards, as well as antelopes and wild boars, have returned to the area. 'Suján's anti-poaching success and push toward sustainability are exactly the kinds of initiatives we want to support,' Larry said. A tented suite at Suján Sher Bagh, a throwback camp on the edge of the Ranthambore National Park Hajra Ahmad The decor at Suján Sher Bagh takes inspiration from the region's big cats. Hajra Ahmad For our final two nights, we traveled to Madhya Pradesh, where we checked in to Jamtara, a pared-down wilderness camp in the buffer zone—a government-mandated eco-sensitive borderland meant to mitigate human-wildlife conflict—around Pench National Park, a forested tiger reserve credited with inspiring The Jungle Book. The camp is low-key, with 10 simple tented rooms on a dry riverbed. Its founder is Amit Sankhala, the grandson of Kailash Sankhala, who was known as the Tiger Man of India and whose work as the first director of Project Tiger, a wildlife conservation program that began in 1973 to help increase the animals' population and restore their habitat, laid the foundation for tiger conservation in the country. Pench is dense with thick bush and towering teaks, making tiger spotting especially tricky. We had the reserve almost to ourselves and spent hours careening along the rutted roads, passing wispy foxtail-like grass and tall trees crawling with rhesus monkeys. We didn't see a tiger that day, but I'd been told one had visited Jamtara. Prints had been found pressed into the muddy path. Even though I didn't see a tiger this time, I had the sudden feeling one was watching me. It was enough of a thrill to know it was out there somewhere. This article appeared in the July/August 2025 issue of Condé Nast Traveler. Subscribe to the magazine here.

Tata Motors' global wholesales fall 9% in Q1, led by JLR and PV segments
Tata Motors' global wholesales fall 9% in Q1, led by JLR and PV segments

Business Standard

time08-07-2025

  • Automotive
  • Business Standard

Tata Motors' global wholesales fall 9% in Q1, led by JLR and PV segments

Tata Motors Group's global wholesales fell 9% YoY in Q1 FY26, reaching 2,99,664 units, with declines in both commercial and passenger vehicles, including Jaguar Land Rover (JLR). Anjali Singh Mumbai Tata Motors Group reported a 9 per cent year-on-year decline in global wholesales for the first quarter of FY26, with total volumes falling to 2,99,664 units. The decline was led by a drop in both commercial and passenger vehicle sales across its global operations, including subsidiary Jaguar Land Rover (JLR). Commercial vehicle wholesales, including Tata Daewoo, stood at 87,569 units in Q1 FY26, down 6 per cent compared to the same quarter last year. Passenger vehicle (PV) wholesales, which include the company's electric vehicle portfolio, also witnessed a 10 per cent drop, with total sales at 1,24,809 units. JLR, the UK-based luxury vehicle arm of Tata Motors, saw an 11 per cent year-on-year decline in global wholesales, reaching 87,286 units. Of this, Jaguar accounted for 2,339 units, while Land Rover contributed 84,947 units. The JLR figures do not include volumes from the company's China joint venture, CJLR (Chery Jaguar Land Rover). The company said the volume decline was expected, primarily due to the phasing out of legacy Jaguar models ahead of new product launches and a temporary pause in shipments to the US during April, following the introduction of import tariffs. Despite the overall decline, JLR said its more profitable models—Range Rover, Range Rover Sport, and Defender—accounted for a higher share of sales. These three models comprised 77.2 per cent of total wholesale volumes in Q1 FY26, compared to 66.3 per cent in the previous quarter and 67.8 per cent a year ago.

Pharma industry rebuts Siddaramaiah's claims on Covid vax, heart attacks
Pharma industry rebuts Siddaramaiah's claims on Covid vax, heart attacks

Business Standard

time03-07-2025

  • Health
  • Business Standard

Pharma industry rebuts Siddaramaiah's claims on Covid vax, heart attacks

The Indian pharmaceutical sector strongly rejects Karnataka CM Siddaramaiah's claims that sudden deaths in Hassan district could be linked to Covid vaccines premium Anjali Singh Listen to This Article The Indian pharmaceutical sector strongly rejects Karnataka CM Siddaramaiah's claims that sudden deaths in Hassan district could be linked to Covid vaccines, calling the statements 'misinformed' and harmful to public trust. A day after Karnataka Chief Minister Siddaramaiah linked sudden deaths in the Hassan district to potential side effects of Covid-19 vaccines, the Indian pharmaceutical industry and scientific community strongly countered the claims, calling them 'misinformed' and 'damaging to public trust.' In a post on the social media platform X on July 1, Siddaramaiah stated that more than 20 people had died of heart attacks in Hassan district within a

Gabriel India soars after announcing strategic business restructuring scheme
Gabriel India soars after announcing strategic business restructuring scheme

Business Standard

time01-07-2025

  • Automotive
  • Business Standard

Gabriel India soars after announcing strategic business restructuring scheme

Gabriel India hit an upper limit of 20% at Rs 842.90 after the company's board approved a comprehensive restructuring scheme aimed at transforming the company into a diversified mobility solutions provider. The plan involves the amalgamation of Anchemco India Private Limited into Asia Investments Private Limited (AIPL), followed by the demerger of AIPL's automotive business into Gabriel India. As part of the transaction, Gabriel India will issue 1,158 equity shares of Rs 1 each for every 1,000 equity shares of Rs 10 each held in AIPL. The transaction qualifies as a related party arrangement and is being executed on an arms length basis. The proposed composite scheme of arrangement is expected to take 10 to 12 months for completion, assuming timely approvals. The transaction includes the manufacturing operations of Anchemco, which produces brake fluids, radiator coolants, diesel exhaust fluid (DEF), AdBlue, and PU/PVC-based adhesives. The scheme will also bring AIPLs strategic investments in Dana Anand India, Henkel ANAND India, and ANAND CY Myutec Automotive under Gabriel India. According to the filing, this move is designed to streamline the group structure, eliminate intra-group transactions, enhance operational efficiency, and reposition Gabriel India as a diversified and technology-driven mobility solutions provider. The integration is expected to support expansion into new product segments, geographies, and the aftermarket and railway categories. The shareholding structure of Gabriel India will shift post-merger, with promoter shareholding increasing from 55% to 63.53%, while public shareholding will decline from 45% to 36.47%. The equity shares issued under the scheme will be listed on both BSE and NSE. The completion of the transaction is subject to necessary approvals from shareholders, creditors, regulatory authorities, and the National Company Law Tribunal (NCLT). The company expects the process to conclude within 10 to 12 months, assuming timely clearances. Anjali Singh, chairperson of Gabriel India, said: "This Scheme of Arrangement is in line with our Groups strategy towards re-aligning the corporate structure, which will result in its improved competitive position and Gabriel India will play a pivotal role. We see Gabriel India as ANAND Groups vehicle for future growth with its ability to provide a platform to capture the value creation for all its shareholders. At a Group level, we have set ourselves a revenue target of Rs. 50,000 crores by 2030 and we see Gabriel India leading the way." Atul Jaggi, managing director of Gabriel India, added: "Gabriel India had traditionally been a single product company within suspension parts and shock absorbers as its key product portfolio. In 2023, we added Sunroof business as a first step towards our strategic intent to be a multi-product company. Now, with these strategic initiatives we shall have a presence in manufacturing and sale of multiple products such as brake fluid, radiator coolants, diesel exhaust fluid (DEF) / Ad-blue for 2W, 3W, 4W and truck applications and PU/ PVC based adhesives. Additionally, with equity holdings in Dana Anand, Henkel ANAND and ANAND CY Myutec Automotive, Gabriel participates in drivetrain products including transmissions for EVs, Body- In-White and NVH products and solutions, as well as automotive synchronizer rings and aluminum forgings. This will strengthen Gabriels positioning as a preferred partner for global OEMs and expands its aftermarket presence." Gabriel India is one of India's most trusted names in automotive component manufacturing. It has evolved as a market leader in ride control products, including shock absorbers, struts, and front forks, serving every major automotive segment - two and three-wheelers, passenger cars, commercial vehicles, and railways. On a consolidated basis, net profit of Gabriel India rose 31.24% to Rs 64.36 crore while net sales rose 17.03% to Rs 1073.15 crore in Q4 March 2025 over Q4 March 2024.

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