A very good news story in Outlook highlights Renault-Nissan's strategy in the highly competitive passenger vehicle market in India. For both Renault and Nissan, there has been a visible shift from manufacturing large cars to focusing on the entry-level segment, which accounts for a handy 25% of the total volume in India.
The China Banking Regulatory Commission (CBRC), China's banking regulator, may be getting serious about how lenders provision for the more than 20 trillion yuan ($2.9 trillion) of wealth management products (WMPs) that have been issued as non-guaranteed off-balance sheet liabilities; reports Reuters.
As anger over demonetization of Rs. 500 and Rs. 1000 grows in India, the British government may have inadvertently initiated demonetization of its new £5 note. To the dismay of vegans and vegetarians across Britain, the Bank of England has confirmed that animal fat (tallow) was used in the base of the new £5 currency notes.
Strappy and low-cut bras that show a lot of cleavage have become quite trendy among New York women who work out in gyms; reports New York Post. Sports bras designed to showcase cleavage — rather than tamp down the girls — are all the rage, complete with flesh-baring cutouts, dominatrix-like straps and plunging, zip-up necklines.
The national anthem must be played in cinemas before movie screenings and all exits will be shut during that time, the Indian Supreme Court has ruled. The court stressed that everyone should rise for the anthem, with the national flag on the screen, because citizens "are duty-bound to show respect to the national anthem which is the symbol of the constitutional patriotism."