Japan’s media blast auto firms on recalls
Japanese media on Sunday urged domestic carmakers to restore their reputation for "quality and safety" following Toyota's massive recall of cars worldwide because of faulty accelerator pedals.
By Agencies | Hindustan Times, Tokyo
UPDATED ON JAN 31, 2010 10:32 PM IST
Japanese media on Sunday urged domestic carmakers to restore their reputation for "quality and safety" following Toyota's massive recall of cars worldwide because of faulty accelerator pedals.
"The 'myth of quality' at a crossroads," a headline in the business daily Nikkei said a day after Honda joined Toyota in recalling cars worldwide as it cited a potential fire risk linked to a window switch problem.
"Japanese automakers should keep in mind that quality and safety form the foundations of public trust in the Japanese way of manufacturing," the mass-circulation Yomiuri Shimbun said in an editorial.
Toyota President Akio Toyoda had on Friday apologised for the recall. “We’re extremely sorry to have made customers uneasy,” Toyoda had said on the sidelines of the World Economic Forum in Davos.
Media blamed the rash of recalls on standardised use of parts across models and countries for cost-cutting purposes.
Toyota had recalled 2.3 million cars in the US, 75,000 in China and nearly 2 million in Europe.
On Saturday, PSA Peugeot Citroen said it was recalling 100,000 Peugeot 107 and Citroen C1 models made in a joint venture with Toyota in the Czech Republic.
Wearables market grew 144% in ’20 on remote working shift
By Abhijit Ahaskar, Hindustan Times, New Delhi
PUBLISHED ON MAR 05, 2021 12:32 AM IST
- Shipments in the December quarter grew at a higher rate of 198% annually with 15.2 million units.
E-com boom sets off a scramble for warehouses
By Kalpana Pathak, Tanya Thomas, Hindustan Times, Mumbai
PUBLISHED ON MAR 05, 2021 12:12 AM IST
- The companies are also opting for large boxes for storage, with around 400,000-plus sq. ft being the average demand.
Wipro to acquire UK consultancy Capco for $1.45 billion
By Ayushman Baruah
PUBLISHED ON MAR 05, 2021 12:05 AM IST
- The latest acquisition is Delaporte’s boldest move to spur growth after the company ceded its position as India’s third-largest software services provider to HCL Technologies Ltd.
Flipkart mulls US listing through the SPAC route
Bloomberg
PUBLISHED ON MAR 05, 2021 12:02 AM IST
- The Bengaluru-based online retailer has been weighing a US initial public offering and it’s now also looking at other options, the people said.
Fuel retailers may cut rates in run-up to polls
By Rajeev Jayaswal
PUBLISHED ON MAR 04, 2021 11:58 PM IST
- While the base price of petrol is ₹33.26 per litre, it attracts ₹32.90 a litre central excise and ₹21.04 per litre local levies in Delhi.
OPEC+ to extend most oil cuts into April, Saudi to keep voluntary cut
Reuters, Dubai, Moscow
PUBLISHED ON MAR 04, 2021 11:27 PM IST
The news pushed oil prices back towards their highest levels in more than a year with Brent trading up 5% above $67 a barrel as the market had expected OPEC+ to release more barrels.
OPEC+ meet on oil output with Saudi, Russia seeing fragile recovery
Posted by Harshit Sabarwal | Reuters
PUBLISHED ON MAR 04, 2021 10:12 PM IST
Saudi Energy Minister Prince Abdulaziz bin Salman and Deputy Prime Minister Alexander Novak, lynchpins in the OPEC+ group, have to decide with their allies whether a rally in oil prices is enough to warrant more supply or if uncertainty about the coronavirus crisis should encourage more caution.
UK probes Apple's App Store for 'stifling competition' and 'hurting consumers'
PTI
PUBLISHED ON MAR 04, 2021 08:57 PM IST
UK's competition watchdog, the Competition and Markets Authority, said Thursday it was looking into “suspected breaches of competition law" by Apple. The App Store, Apple responded, is “a safe and trusted place for customers.”
SBI to conduct property e-auction tomorrow: Here’s what you need to know
By hindustantimes.com | Edited by Mallika Soni
UPDATED ON MAR 04, 2021 08:34 PM IST
- As per SBI’s official website, the properties that are included in the auctions are those of defaulters who failed to pay their dues.
EPFO retains 8.5% interest on EPF deposits: Here's how it is calculated
By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON MAR 04, 2021 07:22 PM IST
- Here’s how you can calculate the EPF interest
Square to pay $297 mn for majority stake in Jay-Z's Tidal, appoint him to board
Posted by Kunal Gaurav | Bloomberg
PUBLISHED ON MAR 04, 2021 07:09 PM IST
Jay-Z acquired Tidal for $56 million in 2015 and announced plans to turn it into the first artist-owned streaming service.
WhatsApp adds voice and video calling feature to desktop version
Posted by Harshit Sabarwal | Reuters
PUBLISHED ON MAR 04, 2021 06:12 PM IST
The move to facilitate calls over large screens would put WhatsApp on par with video-conferencing bigwigs Zoom and Google Meet, but it is not clear if it has ambitions to compete with the two in the enterprise space.
OPEC+ debates whether to raise or freeze oil output as price recovers
Reuters, Dubai/moscow
PUBLISHED ON MAR 04, 2021 05:54 PM IST
OPEC+ cut output by a record 9.7 million bpd last year as demand collapsed due to the pandemic.
Inflation rise expectation, long-term borrowing show US markets at risk
Bloomberg
PUBLISHED ON MAR 04, 2021 04:56 PM IST
In an appearance at a Wall Street Journal webinar later today, Powell is expected to say the central bank will be ultra-patient in pulling back its support for the economy after the pandemic has ended.
Employers may be barred from asking about candidates’ pay under new EU rules
Bloomberg
UPDATED ON MAR 04, 2021 04:54 PM IST
- “Previous pay has no bearing on skills and the abilities of the applicant for work and that’s why we believe this must not be revealed if the employee does not want to.” EU Equality Commissioner Helena Dalli said.