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Business Standard
3 days ago
- Automotive
- Business Standard
Schaeffler to invest €500 million in India, opens fifth plant in Tamil Nadu
German firm Schaeffler will invest €500 million in India over five years to grow EV, rail, and renewable businesses and deepen localisation amid global shifts Premium Anjali Singh Dev Chatterjee Listen to This Article German automotive and industrial supplier Schaeffler AG will invest 500 million euros (approximately ₹4,800 crore) in India over the next five years, anticipating growing demand in the local market. The investment will focus on expanding production capacity, increasing localisation, and strengthening the company's presence in electric mobility, railways, and renewable energy component manufacturing, Schaeffler AG chief executive officer (CEO) Klaus Rosenfeld announced here on Wednesday. Company executives outlined plans for the Indian market, which, they said, continues to present opportunities despite a flattening global automotive demand.
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Business Standard
7 days ago
- Automotive
- Business Standard
Amid tariff jitters, tyre makers adopt strategies to safeguard margins
Despite low US exposure, Indian tyre makers are crafting mitigation strategies to address looming tariff threats and persistent margin pressures due to high input costs Anjali Singh Mumbai Listen to This Article Despite low exposure to the US, Indian tyre companies are drawing up measures to offset the impact of potential tariffs at a time when raw material prices are already denting margins. Leading players such as Ceat, Apollo Tyres and JK Tyre downplayed the immediate financial impact of potential US tariffs and retaliatory duties from countries such as Sri Lanka, citing their limited current exposure to the US market. Ceat Managing Director Arnab Banerjee said US sales form a low single-digit share of overall revenue, while Apollo CFO Gaurav Kumar pegged the company's US exposure at $100 million out of
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Business Standard
19-05-2025
- Business
- Business Standard
5 launches ahead; leading the GLP-1 market: Biocon Biologics MD & CEO
Achieving 15 per cent year-on-year growth, with nearly four biosimilars with $200 million in revenue, is a big feat, says Tambe Anjali Singh Aneeka Chatterjee Listen to This Article Biocon Biologics (BBL) reported robust growth in 2024-25 (FY25), driven by rising biosimilar market share in the US and emerging markets (EMs). Its Managing Director and Chief Executive Officer Shreehas P Tambe, in conversation with Anjali Singh and Aneeka Chatterjee, outlines the company's product pipeline, insulin strategy, glucagon-like peptide-1 (GLP-1) plans, and efforts to strengthen global presence. Edited excerpts: What were the key drivers for BBL's growth in the fourth quarter of FY25? Achieving 15 per cent year-on-year revenue growth, with nearly four biosimilars generating $200 million in revenue, is a huge feat. It reflects strong customer confidence in our
Time of India
17-05-2025
- General
- Time of India
'Teachers overburdened, students didn't attend classes': 18 govt schools in Haryana record zero passes in class 12th boards
At 18 Haryana schools, no one passed 12th boards GURGAON: After the class 12 board exam results were declared earlier this week, 18 govt schools in Haryana have come under scrutiny. No student passed from any of these schools, reports Anjali Singh . Of these, six are in Nuh, four in Faridabad, and one each in Gurgaon, Hisar, Jhajjar, Karnal, Palwal, Rohtak, Sonipat and Yamunanagar. The zero-pass record isn't the only concern. These schools are among 100 govt institutions that performed poorly in the boards, overshadowing the overall pass percentage of 85.7. In 82 schools across Haryana's 22 districts, the pass percentage was below 35, prompting officials to refer them to the education directorate and the ministry of education for corrective measures. Nuh has the highest concentration of underperforming schools, accounting for 62 of the 100 lowest-performing institutions. Faridabad followed with 12 schools in the bottom 100. There were 59 students who appeared for the Class 12 boards from these 18 schools. Of them, Hindu Girls Senior Secondary School in Yamunanagar had the highest number of candidates at 23. 63 of 100 worst performing schools in Haryana boards from Nuh Nuh has the highest concentration of underperforming schools, accounting for 62 of the 100 lowest-performing institutions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo Faridabad followed with 12 schools in the bottom 100. There were 59 students who appeared for the Class 12 boards from these 18 schools. Of them, Hindu Girls Senior Secondary School in Yamunanagar had the highest number of candidates at 23. There were several schools that had one candidate appearing for the Plus 2 boards. Principal Dheer Singh Nagar of Nambardar Public School in Jasana, Faridabad, confirmed no student had passed the Class 12 boards. 'It's partly due to issues with board exam eligibility. Around 8-10 students received permission to sit for the exams late, or not at all. Several students, even those initially eligible, were not attending classes,' he added. Rajneesh Bhardwaj, principal of Bharat Bharti Public School in Saran (Faridabad), said only two students appeared for the boards, but could not clear it. Govt Senior Secondary School in Otha (Nuh) also registered a zero pass score. Its principal identified teacher shortages as the primary reason for this dismal performance. 'Our students faced difficulty with English mostly. The PGT English post has been vacant for nearly three years,' he said. The principal noted that none of the 13 students who appeared passed, and six received a compartmental in English. 'Clearing that would have boosted the school's pass rate to around 40%. Vacant posts have severely harmed students' chances. There is also a need for greater parental awareness. Such issues are regularly reported through official channels, including the system's management information portal, but to no avail,' he added. Teachers agreed about these challenges. They observed that frequent teacher vacancies, especially in critical subjects like English, hindered an effective instruction process. They also claimed that many students did not attend classes regularly, which compounded difficulties. 'Teachers are being assigned extensive non-teaching duties, such as booth level work and more. They are so overburdened with non-academic tasks whose mental strain is immense,' a teacher said.
The Print
15-05-2025
- The Print
Bangladeshi woman held for illegal stay in Chhattisgarh's Durg
Following a tip-off, a special task force (STF) of the district police apprehended her on Wednesday from the house she had rented, Durg Superintendent of Police Vijay Agrawal said at a press conference here. Panna Bibi (25) had illegally entered India from Bangladesh eight years ago and was staying in Supela area for the last two years using a fake identity, said an official. Durg, May 15 (PTI) A Bangladeshi woman has been arrested for allegedly staying illegally in Chhattisgarh's Durg district, police said on Thursday. The STF headed by Satya Prakash Tiwari, City Superintendent of Police (Bhilai Nagar- Durg), constituted specially to identify Bangladeshis / Rohingya living illegally in the state, swung into action after police received inputs, he said. During interrogation, the woman initially identified herself as Anjali Singh, a resident of East Delhi and produced an Aadhaar card. But it looked suspicious, and she broke down during further questioning and revealed her real name and that she belongs to Didhirpar in Khulna district of Bangladesh, Agrawal said. Bibi allegedly entered India illegally through Bongaon Petropol in North 24 Parganas district of West Bengal without a valid passport and visa about eight years ago and reached Kolkata where she lived illegally in Sonagachi for about five years using the name Kakoli Ghosh, he said. Subsequently, she shifted to Delhi and lived there for about one year. There, she got acquainted with a girl named Pooja, a resident of Bhilai, and came here with her two years ago. She lived in Supela using the name Kakoli Ghosh/ Anjali Singh, the SP said. During this period, she visited Bangladesh multiple times by illegally crossing the border using the same route through North 24 Parganas. Her call records showed she was continuously in touch with her family and relatives on more than a dozen mobile numbers of Bangladesh, the official said. She also availed of medical treatment in India using fake identity documents, said Tiwari. Bibi was booked under the relevant provisions of the Bharatiya Nyaya Sanhita, Foreigners Act 1946 and Indian Passport Act 1920, the SP said, adding that further investigation is underway. Legal action will also be taken against Suraj Sao, her landlord, for allegedly not informing local police about the tenant, he added. PTI COR TKP KRK This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
