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BusinessToday.In
New Delhi, September 19, 2019
Mumbai weather: Schools, junior colleges closed after IMD issues 'heavy rainfall' warning Maharashtra state authorities have decided to close schools and junior colleges in Mumbai, Thane and Konkan regions for today after the Indian Meteorological Department's (IMD) issued a warning and predicted heavy rainfall in the region. Minister of School Education Ashish Shelar said the decision had been taken as a precautionary measure after taking into consideration the suggestions from t...


BusinessToday.In
September 19, 2019
According to the chairman of Maruti Suzuki India, FM Nirmala Sitharaman is correct in her recent assertion that the ride-hailing companies have impacted auto demand. He backed up his argument saying young buyers don't need to buy cars for commuting and can spend most of their income on electronic gadgets.


BusinessToday.In
New Delhi, September 17, 2019
BSE auto index fell 3.8 per cent to close at 15,783.39, as against 1.73 per cent decline in the BSE Sensex. Meanwhile, the Nifty Auto index ended at 7,020.75, down 3.83 per cent, as compared to 1.69 per cent fall in Nifty 50 index


BusinessToday.In
New Delhi, September 17, 2019
Google to foray into entry-level job search market, govt asks Apple to expand its manufacturing base in India, RBI allows payment of all recurring bills and more news on News Blast.


BusinessToday.In
New Delhi, September 17, 2019
GDP figures were worse than predicted, says RBI Governor Shaktikanta DasThe Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday that India's gross domestic production (GDP) growth at 5 per cent came as a surprise and was much lower than anticipated. The RBI Governor said that bringing back the economy on growth trajectory should be the highest priority of the government. Last week, International Monetary Fund (IMF) had said that India's economic growth is \"much we...


PTI
September 16, 2019
The government had made the provision of levying 2 per cent TDS on cash withdrawals exceeding Rs 1 crore in the Union Budget to discourage cash transactions and move towards a less-cash economy


Nidhi Singal
September 16, 2019
Amazon India has flagged off the Amazon Festive Yatra - a unique 'house-on-wheels' featuring a large variety of products available on Amazon India


PB Jayakumar
September 16, 2019
Harshbeena Sahney Zaveri, vice chairman and managing director of the listed company, said NRB, which makes 500-plus types of bearings for vehicles, has intensified operations in the international markets


BusinessToday.In
September 16, 2019
The hefty discounts come amid an unprecedented slump in the auto sector. Sale of automobiles crashed by 23.5 per cent to 18,21,490 units in August, the worst ever decline in a month on a year-on-year basis since 1997-98


Nevin John
New Delhi, September 16, 2019
Hero MotoCorp has announced a capex cut of up to 20 per cent or Rs 300 crore. Around 3,000 Maruti Suzuki temporary workers have lost their jobs. Tata Motors, Ashok Leyland and TVS group companies are also planning plant shutdowns


PTI
New Delhi, September 15, 2019
The country's largest car-maker Maruti Suzuki India (MSI) saw its market share dip by over 2 percentage points during the period under review and slip below 50 percent in the domestic passenger vehicle segment in April-August


BusinessToday.In
New Delhi, September 13, 2019
They also advised the supplier to cut costs in the right places and review planned manufacturing to survive the slump.


Sumant Banerji
New Delhi, September 11, 2019
Sitharaman's argument that millennials' preference for Ola and Uber is responsible for dismal auto sales was perceived by the auto industry as an excuse for not slashing excise duties to prop up sales - something the government has been hinting at for a week at least


BusinessToday.In
New Delhi, September 11, 2019
Riding high on hopes of GST rate cut, BSE auto index gained 3.6 per cent, or 565.52 points, to close at 16,665, led by index heavyweights such as Tata Motors, Eicher Motors, Maruti Suzuki India, TVS Motor Company and Motherson Sumi Systems


Sumant Banerji
September 11, 2019
Honda said the new Activa scooters will start hitting the roads by the end of this month and will be launched across the country in a phased manner


BusinessToday.In
September 10, 2019
The sharp decline in sales, for the tenth consecutive month, has forced job losses and production cuts across India's massive auto sector and now the downturn can be seen affecting automakers' small cars portfolio too.


PTI
September 9, 2019
The new power tariff policy is a path-breaking one, Singh said, adding it has gone to the Cabinet and hopefully it would be passed quickly


PTI
September 9, 2019
The Army has undertaken measures for capacity building and capability development in the Sir Creek area, keeping in mind the enhanced threat perception, said Lt Gen S K Saini, GOC-in-C of the Army's Southern Command


BusinessToday.In
September 9, 2019
Minister for Information and Broadcasting Prakash Javadekar said, \"no other government in the past has taken so many people-friendly decisions in its first 100 days in power\"


Prasanna Mohanty
September 9, 2019
Decadal comparisons of growth in railway freight, consumption of diesel and import of crude oil and its products - all point to significant decline, indicating that the economic slowdown is neither sudden nor cyclical


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