Reliance Jio has bagged more than 50 per cent of the total quantum of airwaves sold by paying Rs 57,122.65 crore. Of the 855.6 megahertz of spectrum sold, Jio has got 488 megahertz
Intends to sell 3.7 mn units globally by 2025, with 67% contribution from Asia
The firm's chairman, Osamu Suzuki, is retiring, the Nikkei newspaper reported on Wednesday
Suzuki Motor Corp forecast operating profit to fall by a quarter to 160 billion yen ($1.53 billion) in the year to March as sales, including in its key Indian market, shrank amid coronavirus pandemic
Suzuki declined to offer forecasts for full-year profit and dividends, citing ongoing uncertainties
Sales in India, where MSI has nearly 50 per cent market share, were down 26.5 per cent at 6.75 lakh units
The retreat from China after a quarter of a century follows an exit from the US car market in 2012 after three decades there
Royalty, too, is down as a share of revenue and will continue to see a gradual fall in the near future
The Japanese automaker said that would offset the impact by cutting costs and local procurement