Tata Motors Limited sales in the domestic and international market for October 2021 stood at 67,829 vehicles, compared to 52,132 units during October 2020 and 59,156 units during September 2021.

Tata Motors total passenger vehicles sale in October stood at 33,925 units, against 23,617 units in the same month last year.

The company registered 32 per cent growth in October 2021. Total Domestic sales was 65,151 units, an increase of 16 per cent, against 49,669 units same months last year.  

India will roll out a mega multi-billion-dollar capital support and production-linked incentive plan to push manufacturing of semiconductors in the country, the move coming at a time when industries across sectors face massive production cuts due to global chip shortage, top sources have said.

Senior officers are engaged in active discussions with some of the top semiconductor makers such as Taiwan Semiconductor Manufacturing Co. (TSMC), Intel, AMD, Fujitsu, United Microelectronics Corp., as the government steps up efforts to drive in the much-wanted semiconductor investments into the country.

The ambitious plan is being coordinated and monitored closely by the Prime Minister’s office (PMO) and multi-ministries have been roped into the process as the government works overtime to finalise an attractive policy to woo the semiconductor companies, which are also being chased by other countries such as the US, and those in Europe. “The government is willing to talk capital support. We are closer to it like never before,” a top source engaged in the process told TOI.

With Air India privatisation likely to be completed by year-end, the pilots of the national carrier are a worried lot as far as their salaries are concerned.

The salary cuts imposed due to the pandemic are still in place and there has been no word from the airline management on restoration of salary, payment of arrears and pending dues.

On Thursday, the pilots in a letter to civil aviation minister Jyotiraditya Scindia said that he was now their "singular hope" in resolving this issue.

In a joint letter sent to the minister, the Indian Pilots’ Guild and the Indian Commercial Pilots’ Association said that they had given the Air India management "every benefit of the doubt and ample time to redress the disproportionate pay cut for the pilots”. They refuse to part from a practiced indifference and have only weak excuses to offer, the letter said.

Gold is likely to see a sharp spike in demand in the fourth quarter (October-December) of 2021 aided by softer gold prices and return of positive trade sentiments, the World Gold Council (WGC) said on Thursday.

The market development organization for the gold industry added that with restrictions being gradually lifted across the country, retail demand is bouncing back to pre-Covid levels.

"With the upcoming festive and wedding season, there is all the more enthusiasm towards gold demand, and we anticipate it to be the busiest gold-buying season, since the start of Covid. Rising inflation tends to drive the gold demand. Gold is perceived as a strong hedge against inflation and decades of data supports this assumption. While we have not made any forecast for the rest of the year, barring any unexpected twist in the tale, we could see a sharp spike in demand in Q4 2021," said Somasundaram PR, Regional CEO, India, World Gold Council.

Indian private refiner Nayara Energy expects 15-20 new integrated petrochemical plants will start operating in the country in the next decade to meet rising demand for raw materials used in the plastics and clothing industries, a senior company official said on Wednesday.

Ramchandra Namjoshi, head of infrastructure at Nayara Energy, said at the virtual Asian Refining Technology Conference that the new plants would largely be attached to existing refineries.

He added that there would be new greenfield petrochemical plants as well, but did not provide a forecast for the total capacity.