saudi arabia will reduce oil production


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Consumer Inflation (CPI), Industrial Production (IIP) Data Released By Government


Consumer inflation, or retail inflation, is determined by the Consumer Price Index (CPI)

Consumer inflation stood at a one-year low of 3.31 per cent in October, government data showed on Monday. This was lower than estimates of 3.67 per cent by analysts in a poll conducted by news agency Reuters, and within the Reserve Bank of India’s medium-term target. October’s consumer inflation reading marked a third straight month in which retail inflation – determined by the Consumer Price Index (CPI) – stood below the central bank’s medium-term goal of 4 per cent. Consumer inflation in September stood at a final 3.70 per cent, the Ministry of Statistics said in its official statement.

Food deflation stood at 0.86 per cent in October, as against inflation of 0.51 per cent in the previous month, according to the official release.

Monday’s data supports the central bank’s surprise decision to hold interest rates in its last policy statement. The RBI had, in its October 5 meeting, decided to maintain status quo on key lending rates, while ruling out any reduction for the time being.

Stock markets finished Monday’s session with a loss of nearly 1 per cent, as investors turned cautious ahead of release of key macroeconomic data. The Sensex shed 345 points to end at 34,812 after a choppy session, whereas the NSE Nifty settled at 10,482, down 103 points from the previous close, amid selling in all sectors barring IT.

Separate data, also released on Monday, showed growth in industrial production – or factory activity – stood at 4.5 per cent in September, better than estimates of 4.3 per cent, according to the median forecast of 24 economists in a poll by Reuters.

Industrial production growth for the previous month was upwardly revised to 4.7 per cent, the data showed.





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Near Production Tata 45X Premium Hatchback Spied


The recently spotted production version of the Tata 45X was seen we several near-production parts like, the headlamps, taillamps and a set of split-four-spoke alloy wheels.




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The production model will be based on the Tata 45X concept shown at the Auto Expo 2018

A near-production test mule of Tata Motors’ upcoming premium hatchback, codenamed 45X, was recently spotted testing. Unlike the previously seen prototype models, the latest test mule appears to come with a bunch of production parts hinting at the fact that the car is nearing completion, that too quite quickly. Some of the near-production bits that we can see on the test mule include the headlamps, taillamps and a set of split-four-spoke alloy wheels. While the images aren’t the clearest ones, it’s quite apparent that the production version of the car is shaping up to be very pretty similar to the concept car that we saw at the Auto Expo 2018.


Tata

Also Read: Tata 45X-Based Premium Hatchback Prototype Spotted Testing

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The production model of Tata 45X is based on the based on Tata Motors’ new Alpha platform

The upcoming premium hatchback is based on Tata Motors‘ new Alpha platform and will also be the second model to employ the company’s new Impact Design 2.0 philosophy. In fact, despite the camouflage, we can see some of the concept models design traits like the sleek, single motion grille and headlamp cluster, the wide central airdam, the sweptback A-Pillar and the coupe-like roofline. The alloys, as we mentioned earlier, are a new addition and we also get a glimpse of the LED taillamps. However, we still do not get to see the interior of the car.

Also Read: Tata 45X Concept: All You Need To Know

Engine options are also still unknown, however, we expect Tata to offer the tried and tested 1.2-litre Revotron petrol engine, accompanied by the turbocharged 1.5-litre motor that currently does duty on the Tata Tiago JTP edition. Transmission options will include both manual and automatic options. The production version of the Tata 45X is expected to be launch in the second half of 2019 and will rival the likes of the Maruti Suzuki Baleno, Hyundai i20, and Honda Jazz.

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Image Source: TeamBHP

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McLaren Senna GTR Confirmed For Production


The McLaren Senna GTR will be powered by a 4.0-litre twin turbo V8 engine which is under the hood.




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McLaren will start the dynamic testing of the track-only supercar later this month.

The McLaren Senna GTR which was unveiled at the Geneva Motor Show in the concept form has now been confirmed to undergo production. McLaren will start the dynamic testing of the track-only supercar later this month and that is confirmed with some technical details shared by the working manufacturer. The McLaren Senna GTR will be powered by a 4.0-litre twin turbo V8 engine which is under the hood of every McLaren road and track car except its F1 team. In the Senna GTR, this motor will churn out 813 bhp and 800 Nm of peak torque. Moreover, the McLaren Senna GTR will produce a good 1000 kg of downforce which is enough even by track car standards.

Being a track car the McLaren Senna GTR is most likely to have really basic interiors, even more basic than the track focused road cars. In order to keep the weight in check, all the airbags will be removed along with the central infotainment system and folding driver display. Inside, it will get a new style steering wheel that will also integrate the paddle shifters and radar based rear collision avoidance system. On the comfort feature, the McLaren Senna GTR will only be fitted with an Air Conditioning system as standard.

The track car will carry all the active aerodynamic features of the road car. Though, the same is not allowed in a racing car, but in this case it’s just made for the tracks so there is nothing forbidding it. On the handling side, the Senna GTR will have double wishbone suspension with geometry springs, dampers and anti-roll bars which is the same set-up seen in the McLaren 650S and will also make way in the upcoming McLaren 720 GT3 customer racing cars. It will be fitted with the Pirelli slick race tyres and a race derived braking system that will give 20 per cent more deceleration.

McLaren at the time when it showed concept said that only 75 units of it will be made and still is firm on that number.

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Source: Motor1

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Eicher Motors Says Labour Strife Hurt Royal Enfield Production


A part of Eicher Motors factory workforce walked out last month demanding higher pay, job security and a right to form unions to collectively bargain.




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Royal Enfield saw a slump in production of 25,000 motorcycles in September-October

India’s Eicher Motors Ltd said on Wednesday strike at one of its southern Indian facility led to a slump in production of 25,000 motorcycles in September-October, after a part of its workforce “stayed away” from work.

Workers at the facility of Eicher Motors, best known for its Royal Enfield motorcycles, saw a part of their workforce walkout last month demanding higher pay, job security and a right to form unions to collectively bargain.

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The facility in Oragadam, situated in Tamil Nadu, remained operational through October, and a majority of the workforce continues to report to work, Eicher said.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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Bihar Agriculture Minister Prem Kumar talks about irrigation and production | बिहार में जल्द बनेगा कृषि यंत्र बैंक, इस साल हुआ है रिकार्डतोड़ उत्पादन


zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about the technologies we use.  This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit zeenews.india.com websites that posts a link to this Policy (collectively, “the sites”). This cookie policy should be read together with our Privacy Policy.

By continuing to browse or use our sites, you agree that we can store and access cookies and other tracking technologies as described in this policy.

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A cookie is a small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent you agree.  The other tracking technologies work similarly to cookies and place small data files on your devices or monitor your website activity to enable us to collect information about how you use our sites. This allows our sites to recognize your device from those of other users on our sites. The information provided below about cookies also applies to these other tracking technologies.


How do our sites use Cookies and Other Tracking Technologies?

Zeenews.com use cookies and other technologies to store information in your web browser or on your mobile phone, tablet, computer, or other devices (collectively “devices”) that allow us to store and receive certain pieces of information whenever you use or interact with our zeenews.india.com applications and sites. Such cookies and other technologies helps us to identify you and your interests, to remember your preferences and to track use of zeenews.india.com We also use cookies and other tracking technologies to control access to certain content on our sites, protect the sites, and to process any requests that you make to us.
We also use cookies to administer our sites and for research purposes, zeenews.india.com also has contracted with third-party service providers to track and analyse statistical usage and volume information from our site users. These third-party service providers use persistent Cookies to help us improve user experience, manage our site content, and analyse how users navigate and utilize the sites.

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These are those cookies that belong to us and which we place on your device or are those set by a website that is being visited by the user at the time (e.g., cookies placed by zeenews.india.com)

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We use persistent cookies to improve your experience of using the sites. This includes recording your acceptance of our cookie policy to remove the cookie message which first appears when you visit our site.
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Session cookies are temporary and deleted from your machine when your web browser closes. We use session cookies to help us track internet usage as described above.
You may refuse to accept browser Cookies by activating the appropriate setting on your browser. However, if you select this setting you may be unable to access certain parts of the sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will check if cookies can be captured when you direct your browser to our sites.
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Please note that if your browser setting is already setup to block all cookies (including strictly necessary Cookies) you may not be able to access or use all or parts or functionalities of our sites.
If you want to remove previously-stored cookies, you can manually delete the cookies at any time from your browser settings. However, this will not prevent the sites from placing further cookies on your device unless and until you adjust your Internet browser setting as described above.
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Renault Duster 85 PS Production Stopped


The French carmaker has stopped the production of the 85 bhp diesel iteration of the Duster due to supply chain constraints and weakening demand.

The Renault Duster was the game changing product from the French carmaker in India. First launched in 2012, the compact SUV was very well-received in the Indian market, mainly because Renault had the first mover advantage. However, with the growing competition the Duster has lost its sheen. The production of the 85 BHP Renault Duster diesel has been officially stopped two months ago due to supply constraints and weakening demand, and the French carmaker at present is not accepting the bookings for the same.

Renault Duster

The demand for the 85 bhp Diesel Renault Duster has been bleak for over a year and the company took a call to stop the production. Replying to NDTV carandbike about the query, an official from Renault said, “We have stopped the production of the model as of now due to disruptions in the supply chain. We are prioritizing the production of the 110 bhp diesel Renault Duster.” However, Renault is yet to decide to discontinue the 85 bhp diesel iteration of the Renault Duster altogether. The Renault Duster is powered by a 1.5-litre diesel engine which is tuned in two states- 85 bhp and 110 bhp.

Moreover, Renault is also managing with the existing stock of the petrol iteration of the Renault Duster and though its production hasn’t been completely halted, Renault is keeping up with its production on the basis of the demand. According to the dealers, the Renault Duster petrol has a waiting period of over two months. The petrol iteration of the Renault duster is also a 1.5-litre unit which churns out 106 bhp.

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In India, Renault was the pioneer in the compact SUV segment with the Duster and it served the purpose of those who wanted an SUV, but not a pricey one. Initially, it gave Renault an edge but sooner than later its volumes growth rate started diminishing with launch of the likes of the Maruti Suzuki Vitara Brezza which being a smaller sub-compact SUV are better priced. And of course, with the Duster’s biggest rival, the Hyundai Creta gaining immense popularity and currently being the segment leader, the sales of the Duster have started deteriorating drastically.

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Tesla Says Has Not Received Subpoena on Model 3 Production


Tesla has not received a US subpoena related to its Model 3 production forecasts, the electric carmaker said on Friday, following a report that it faced a deepening criminal probe about the projections.

The company has cooperated in responding to what it called a “voluntary request” for documents from the Department of Justice in September, a Tesla spokesperson said. The agency has the ability to press criminal charges.

“We have not received a subpoena, a request for testimony, or any other formal process, and there have been no additional document requests about this from the Department of Justice for months,” the spokesperson said in an email.

The Federal Bureau of Investigation is examining whether Tesla misstated information about the production of its Model 3 sedans and misled investors about its business going back to early 2017, the Wall Street Journal reported, citing sources.

In recent weeks, FBI agents have contacted former Tesla employees to seek testimony in the criminal case, according to the report. The ex-employees received subpoenas earlier in the probe, and FBI agents recently have sought to interview a number of them, the sources said.

Any focus on Tesla’s past statements about Model 3 production targets would broaden the probe by the agency, which Tesla said last month was looking at statements made by Chief Executive Elon Musk about a go-private deal that was later called off.

Tesla first disclosed in September that the DoJ was investigating Musk’s tweets about having “funding secured” for a deal to take Tesla private, saying the agency had asked for documents about such statements.

Any expansion of the FBI’s probe comes as Musk faces pressure to deliver consistent production of the Model 3 at a profit. The company on Wednesday posted a profit and positive cash flow, making good on pledges made by Musk earlier this year, as the company ramps up volume of its new sedan.

Model 3 challenges
Tesla and Musk already face a proposed class action shareholder lawsuit claiming that the company and its top executives made false statements about the readiness of the Model 3 for volume production.

The car, which the money-losing company is banking on to turn a profit, was introduced to the public in early 2016 to great fanfare, with repeated promises throughout 2017 that Tesla was “on track” to build 5,000 Model 3s per week by the end of that year at its factory in Fremont, California.

Such statements were fraudulent, according to the lawsuit, given that the automated assembly lines to build the car in such volume were behind schedule.

Tesla has denied the claims in the lawsuit, saying it disclosed production bottlenecks once they were identified, and citing Musk’s public statements that the company was undergoing a period of “production hell” in 2017.

Tesla only reached a goal to build 5,000 Model 3s per week in June, although current production has fallen short of that.

Musk and Tesla only recently settled with the U.S. Securities and Exchange Commission over Musk’s Aug. 7 tweets. The SEC sued him for fraud, calling his claims “false and misleading,” before reaching a settlement.

Both Tesla and Musk must pay a $20 million fine, and Musk must give up his chairman role for three years as the company appoints an independent chair.

Shares of Tesla rose 4.5 to $329, extending their rally following bullish results on Wednesday

© Thomson Reuters 2018



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Tata Motors Crosses 500,000 Production Milestone At Sanand Plant


Tata Motors’ Sanand plant is running at 100 per cent capacity utilisation and produces popular models like the Tiago and Tigor, alongside the Nano.

Tata Motors announced the roll out of its 500,000th passenger vehicle from the Sanand manufacturing facility in Gujarat. The plant achieved 100 per cent capacity utilisation in August this year and the automaker had announced then that it was in the process of achieving the 500,000th production milestone in October this year. The Sanand factory that commenced operations in June 2010, has seen a spike in production with popular models like the Tata Tiago and Tigor alongside the Nano, with the former models contributing immensely to the increase in production at the plant. At present, the plant contributes about 60 per cent of Tata’s total manufacturing for passenger vehicles. The Tata Tigor was launched in an updated version earlier this month, which was the 500,000th vehicle to roll out.


Tata

Also Read: Tata’s Sanand Plant To Cross 500,000 Production Mark By October 2018

Speaking about the achievement, Tata Motors -President, President, Passenger Vehicle Business Unit, Mayank Pareek said, “We, at Tata Motors, have been working aggressively towards our core strategy of Turnaround 2.0, aiming to ‘Win sustainably in PVs’. A lean manufacturing process plays a key role in our growth strategy enabling the Sanand plant to contribute around 60 per cent of the overall PV production. We are extremely proud of achieving this milestone within our planned timeline. This is the result of the hard-work put in by our dedicated workforce. The plant has evolved to become a modern, state-of-the-art facility and is playing a pivotal role meeting aspirations of Tiago and Tigor customers.”

Tata Motors – Executive Director & COO, Satish Borwankar said, “The Sanand plant has evolved over the years. From being a single model plant, Sanand has grown into a multi-model plant and is on a roll since the introduction of Tiago. We have achieved WCQ Level 3 and the operational efficiencies are at a high. We are delighted to celebrate this milestone and my best wishes to the team for many more such feats.”

Also Read: Tata Tigor Facelift Launched In India

Spread over 1100 acres of land, Tata’s Sanand plant was initially commissioned for the Nano project but was later reworked to accommodate other new small cars as part of the company’s Turnaround 2.0 strategy. At present, the plant manufactures 21 variants of the cars with 150 vehicle combinations. The factory also produces the Revotron 1.2-litre petrol in manual and automatic guise, along with the 1.05-litre Revotorq diesel. Other engines produced at the plant include the 624 cc MPFI petrol and the 1.2-litre NGTc Petrol engines. The Sanand plant also produces the Tata Tigor electric vehicle for commercial applications and is being exclusively supplied for the Energy Efficiency Services Limited (EESL) order.

Also Read: Tata Harrier Bookings Open

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With its small products showing strong growth, Tata Motors is now looking to tap into the SUV potential and is in the process of introducing the Harrier SUV. Bookings for the Tata Harrier have begun and the Hyundai Creta rival will make its debut next month. The SUV will be launched by early 2019.

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Ask Print, Production Houses To Form Probe Panel


The NCW has said perpetrators of such crimes need to be punished as per law.

New Delhi: 

The National Commission for Women has urged the Information and Broadcasting Ministry to direct print, publication and production houses to form internal committee to probe complaints of sexual harassment at workplace.

An NCW official said that in the past few days, the women rights body has received a number of complaints of sexual harassment at workplace against persons in both traditional print organisations as well as digital media.

“We have informed the Secretary of Ministry of Information and Broadcasting that the NCW has received a number of such complaints,” the official said.

He said the NCW has requested Secretary to issue directions to ensure that organisations such as printing/publishing, production houses involved in TV/film production put in place an effective mechanism for addressing such complaints including constituting Internal Committees in terms of the PoSH Act, 2013, she said.

The NCW said perpetrators of such crimes need to be punished as per law. It had recently said it had received written complaints from various women about sexual harassment at their workplace.

The commission had also created a dedicated email ID to receive such complaints and urged women who have come forward on social media and other platforms about their alleged harassers and send their formal written complaints to [email protected]

Women and Child Development Minister Maneka Gandhi has asked the National Commission for Women to expeditiously probe all complaints of sexual harassment received under the #MeToo movement.

The #MeToo movement in India began with actor Tanushree Dutta accusing veteran actor Nana Patekar of harassing her during shooting of a film in 2008.

In the last few weeks, a number of journalists revealed through social media details of their harassment at workplace, starting a #metoo storm in India.

Journalist-turned-politician M J Akbar had to resign as the minister of state for external affairs on Wednesday following a spate of complaints by her former woman colleagues that he allegedly harassed them during his tenure as editor of various media publications.

 

 





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