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Mumbai, November 04, 2016: Echoing Tata Sons’ ousted Chairman Cyrus P. Mistry, Tata Motors on Friday said its Nano small car has been “a loss-making product” in the highly price-sensitive market, coupled with low volumes.
Mistry had earlier stated that “as there is no line of sight to profitability for the Nano, any turnaround strategy for the company requires to shut it down.”
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In a highly price-sensitive segment of the market, coupled with low volumes, it has been a loss making product, it added.
Mistry had also alleged that the Nano product development concept called “for a car below Rs 1 lakh, but the costs were always above this”. “This product has consistently lost money, peaking at Rs 1,000 crore,” he said.
The company further said that a major part of the investments in the factory are “capable of being utilised for other products” as is “evident from the production of company’s Tiago cars” in the same factory.
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“As far as development cost and investments in Nano specific dies and toolings are concerned, these have significantly written off, in line with the accounting policies, over the last several years,” the filing said.
Mistry had also pointed out that challenge in shutting down Nano is that it would “stop the supply of the Nano gliders to an entity that makes electric cars and in which Mr. Tata has stake”.
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Responding to that, the company said, “We would like to clarify that the matter is in a preliminary exploratory stage and no arrangement for supply of gliders has been conducted.”
The car maker said that it got approval of the board for its future passenger vehicle product and business strategy, which envisages refocusing its strategy on growing and attractive segments of the passenger vehicle market in terms of volumes and profitability, and “aligning with the changing and enhanced expectations of the consumers regarding contents and features”.
The company also said that it would pursue the refocused long-term strategy. (IANS)
The pond that Sharavanabelagola is named after Image source: wikimedia commons
A shop in the tourist section that sells handmade items Image source: wikimedia commons
Keywords: Shravanabelagola, Jainism, Chandragupta Maurya, Ashoka, Karnataka
By Siddhi Jain
The author who named the book after her twin sons -- Puhor and Niyor -- is a parent who has seen and heard the tales of ridicule and discrimination suffered by many in India and beyond. She says the book is an artistic illustration for kids that details how different families can live and coexist. Whether it's children with two dads or two moms, children with a single dad or single mom, and even multiracial family units, Borthakur's book teaches love, understanding, and compassion towards unconventional families.
Beyond race, gender, color, and ethnicity which have formed the bases for discrimination since the beginning of time, this book aims to bring to light a largely ignored issue. For so long, single parents have been treated like a taboo without any attempt to understand their situations; no one really cares how or why one's marriage ended but just wants to treat single parents as villains simply for choosing happiness and loving their children.
Homosexual parents, a relatively new family system, is another form that has suffered hate and discrimination for many years. Pritisha emphasizes the need to understand that diversity in people and family is what makes the world beautiful and colourful. 'Puhor and Niyor's Mural of Family Stories' is a firm but compassionate statement against all forms of discrimination on the bases of sexual identity, gender, race, and even differences in background
The Guwahati-born author says, "With this book, I'm not trying to take away the job of parents in forming habits, I simply want to do my part as a parent. It is important that we impart the right values in our kids in a bid to build a better, more inclusive and tolerant global society that is fair to everyone." The author's first attempt at a book was an Assamese poetry 'Anubhav', published in 2010.
Set to be published under the label of Author's Channel, the book is like an adventure; a journey into uncharted territories, untouched subjects and matters long ignored. In her words. "The book takes a critical stand in defense of people in society who have had to undergo severe emotional torture for no cause of theirs. It is a terrible conception to think such people any less of a human just for being different," says publisher Aruna Naidu. By September 30, this title, priced at Rs 299, will be available online and in offline bookstores. (IANS/ MBI)
Rajesh U Pandya, Managing Director, KAI India, gives easy and completely doable tips to follow at home:
* Refrain from harsh soaps: You should be mindful of the soap you are using to wash your hands. Your soap can have a moisturizing element in it like aloe vera or shea butter. Ensure that you're washing your hands with normal water as hot water can make your hand's skin dry and scaly.
Make use of your personal nail clipper to cut your nails. | Pixabay
* Be aware of nail or cuticle inflammation or redness: If there are any signs of infection, disinfect the skin as soon as possible with an anti-bacterial or anti-fungal ointment.
(Article originally written by N.Lothungbeni Humtsoe) (IANS/ MBI)
Keywords: Nails, groom, hand, exfoliate, chew, nail clipper, bite, cuticle