Mercedes maintains top spot in luxury car segment for 5th year in a row : Bulletin: Business Today
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Mercedes maintains top spot in luxury car segment for 5th year in a row

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BusinessToday.In | January 13, 2020

Budget 2020: Auto industry seeks bold fiscal measures to revive growth

In middle of a prolonged slowdown, the automobile industry has asked the government to take bold fiscal measures to revive the sector that has reported its worst-ever sales decline in two decades during 2019, industry sources said.In the upcoming Union Budget, the auto industry has sought measures, such as reduction in GST rates on vehicles and abolition of duty on import of lithium-ion battery cells, to encourage electric mobility.

Rs 43,000 crore transferred to farmers' accounts directly so far,' says PM Modi in Kolkata

Prime Minister Narendra Modi said that Rs 43,000 crore have been directly transferred into accounts of farmers so far. Addressing the 150th celebrations of the Kolkata Port Trust, PM Modi said that Chief Minister Mamata Banerjee has not implemented several schemes in the state. He accused her of stalling the schemes since the middlemen don't get the money.  

STEM-related job profiles grew 44% in 3 years: report

Science, technology, engineering, mathematics (STEM)-related job roles have been increasing steadily in the country and have increased 44 per cent between November 2016 and November 2019, according to a report. According to data from job site Indeed, STEM-related job roles in India are among the most promising for job seekers, as these job openings have seen consistent growth in the past three years.

Mercedes maintains the top spot in luxury car segment for 5th year in a row

German luxury carmaker Mercedes Benz India emerged as the largest selling luxury car brand in India in 2019 even as its sales skidded by 11.3 per cent, the steepest ever in a year in well over a decade. With this, Mercedes has held on to the number one position for the fifth consecutive year bettering the four-year reign of arch rival BMW between 2009 and 2012.

'Modi govt's aim of $5 trillion economy by 2024 'unimaginably ambitious',' says economist R Nagaraj

India would need to grow at 9 per cent to achieve the target of USD 5 trillion economy by 2024, which currently looks "unimaginably ambitious", eminent economist R Nagaraj said on Sunday. Soon after assuming office for the second term in May 2019, the Narendra Modi-led government set a target of taking the economy to USD 5 trillion over the next five years. But there have been several clouds over the economy since then, leading many to question the maintainability of the target. India's GDP is currently estimated at around USD 2.8 trillion.

Iran-US conflict: Protests, condemnation after Iran admits downing Ukrainian plane

Iran's admission that it shot down a Ukrainian airliner, killing all 176 aboard, has provoked international outrage and triggered growing protests against Iranian authorities in Tehran and other cities including one in which Britain's ambassador was detained. In what President Hassan Rouhani called a "disastrous mistake", Iran said on Saturday that a missile fired in error on Wednesday by its air defences while on alert after Iranian missile strikes on U.S. targets in Iraq brought down the plane.

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