Current Affairs : Business
SBI Chairman Rajnish Kumar believes in eliminating debit cars and promoting digital payments. He says, in five years there will be limited plastic cards in the pockets of the users as there are around 90 crore debit cards in the country with 3 crore credit cards.
Balesh Sharma, CEO of Vodafone Idea has stepped down from the post as stated by the company on Monday and might take up a new role with the company in future.
Indian government plans to build factories to make lithium-ion batteries with an investment of about ₹50000 crore. Among a few companies showing interest in this plan, Tesla and China’s Contemporary Amperex Technology Co. Ltd are the big names.
Observing the current conditions of the market, Hyundai Motor India has announced ‘no production days’ for the current month at Sriperumbudur, Tamil Nadu.
According to Chairman RC Bhargava, Maruti Suzuki is promoting and working for greener cars in the country by seeking tax relief for hybrid and CNG cars as these cars are 25-30% more efficient and will help reduce oil imports.