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Enfield enjoys almost the entire 250-350 cc motorcycle market in country Royal Enfield, well known for its bullets, said it is not going to be easy for any new entrant to unseat the company. Bajaj Auto, which entered the 350-500cc motorcycle segment in December, claimed to have overtaken   Royal Enfield   in February in volumes. “If you look at the 250 cc plus motorcycle market in India, every 19 of 20 products are sold by us…that is a reality. It is not that easy to unseat someone who is doing this,” Siddhartha Lal, managing director and chief executive officer of Eicher (which owns Enfield) told   Business Standard . Bajaj’s claim was based on one month’s performance of the Dominar, its new 373cc premium sports motorcycle. Also Read:   Not worried about Bajaj, says Royal Enfield chief Japanese two-wheeler major Honda is also reported to be working on a motorcycle to cater to this segment. “It is very clear. There will be people entering. There is no dou...

UK government needs stronger response to VW emissions scandal: Committee The British government should take a tougher stance against   Volkswagen   (VW) after its emissions fraud, as well as increase the use of electric cars and reduce air pollution from transport, a parliamentary environment committee said on Thursday. Almost a year after US regulators found that VW had cheated in diesel emissions tests, the British government has yet to decide what action to take against Europe's largest automaker, even though it faces criminal investigations in the United States, South Korea and elsewhere. The worldwide scandal, dubbed "Dieselgate", has hurt VW's reputation and business, and already cost it billions of dollars. VW last September admitted to using a sophisticated secret software in cars to cheat on exhaust emissions tests. The Environmental Audit Committee, whose conclusions are not binding on the government, said VW had only just started to recall cars ...

GlaxoSmithKline and Alphabet create $715 mln bioelectronics firm GlaxoSmithKline and Alphabet's life sciences unit are creating a new company focused on fighting diseases by targeting electrical signals in the body, jump-starting a new field of medicine known as bioelectronics. Verily Life Sciences   — known as Google's life sciences unit until last year — and Britain's biggest drugmaker will together contribute £540 million ($715.12 million) over seven years to Galvani Bioelectronics, they said on Monday. The new company will be based at GSK's Stevenage research centre north of London, with a second research hub in South San Francisco. GSK   first unveiled its ambitions in   bioelectronics   in a paper in the journal Nature three years ago and believes it is ahead of   Big Pharma   rivals in developing medicines that use electrical impulses rather than traditional chemicals or proteins. For Verily, the tie-up is the latest sign that Google's ...

David Cameron to resign today, Theresa May to become UK PM David Cameron   will resign today and Britain will get its first female prime minister since Margaret Thatcher, as British Home Secretary   Theresa May   will take over the post. After failing to convince UK to remain in the European Union in a shocking referendum, Cameron had announced in June that he would step down by October, May's only remaining rival to replace Cameron -- Energy Minister   Andrea Leadsom   -- pulled out of the race following controversy over comments she made about motherhood and leadership. "Obviously, with these changes, we now don't need to have a prolonged period of transition. And so tomorrow I will chair my last cabinet meeting. On Wednesday I will attend the House of Commons for prime minister's questions. And then after that I expect to go to the palace and offer my resignation. So we will have a new prime minister in that building behind me by Wednesday evening...

Britain's Theresa May launches bid to succeed PM Cameron post Brexit Interior minister   Theresa May   vowed to unite   Britain   as she launched her bid to succeed   David Cameron   as prime minister with a letter to   The Times , the newspaper has reported. The Conservative leader resigned in the wake of Britain's vote to leave the European Union in a June 23 referendum that sent shockwaves through the continent. Like Cameron, May supported remaining in the bloc but played a low-key and conciliatory role in the campaign that has seen her tipped as a unifying figure. In her letter to   The Times , May announced a "mission to make Britain a country that works for everyone," according to the broadsheet yesterday. "If you're from an ordinary, working-class family, life is just much harder than many people in politics realise," May wrote. The appeal to working-class voters by the vicar's daughter was aimed at her main rival for the le...

Brexit: EU referendum voting gets undeway in UK Polling stations across the United Kingdom opened on Thursday morning to decide the historic   referendum   on whether the country should remain a member of the European Union   or leave the politico-economic union of 28 member states. The   voting   will take place between 7 a.m. and 10 p.m. local time. The national referendum is the third in UK history and comes four months after battle for votes between the 'Leave' and 'Remain' campaigns. Prime Minister David Cameron criss-crossed the country in a final effort to warn Britain's voters against rejecting the   EU   in the historic poll yesterday. This decision will also read as a referendum on his premiership. Last night, he was joined by former prime ministers Gordon Brown and Sir John Major, the Liberal Democrat leader, Tim Farron, and the Green MP Caroline Lucas, at events in Bristol and Birmingham, reports the   Guardian . The ...

Islamic State (ISIS) technicians are working to develop a   Google-style driverless car   that could navigate itself into a crowded area before detonating an explosive device, aNATO security expert has warned. ISIS' research and development department in the terror group's de facto Syrian capital, Raqqa, is believed to be producing the vehicles at the same time as US Internet giant Google attempts to perfect the same technology. If successful, the invention could prove to be a major headache for security services in Britain and throughoutEurope and North America, where self-driving cars are expected to become commonplace, Daily Express reported. Thousands of driverless cars are expected to be on Britain's roads within the next few years and there is a very real prospect jihadis could prey on the new technology to launch attacks in the UK. Jamie Shea, NATO's deputy assistant secretary general for emerging security threats, said the Islamic extremists were u...

The fate of the first global oil deal in 15 years could be decided on Wednesday when OPEC members travel to  Iran   to persuade the country to participate in a deal to freeze output levels, possibly by offering Tehran special terms. Dominant OPEC power Saudi Arabia and non-OPEC Russia, the world's top two producers and exporters, agreed on Tuesday to freeze production levels but said the deal was contingent on others joining in - a major sticking point with Iran absent from the talks and determined to raise production. Read Full Article Over Here :  Business Standard News