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PTI
September 12, 2019



PTI
September 12, 2019
Gandhi also tagged an interview of former prime minister Manmohan Singh in which he had said the government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation


PTI
September 12, 2019



BusinessToday.In
New Delhi, September 12, 2019
ONGC to invest Rs 13,000 crore in Assam in next five yearsState-owned Oil and Natural Gas Corporation (ONGC) will invest over Rs 13,000 crore in Assam over the next five years. The oil and gas company has signed a memorandum of understanding (MoU) with the Assam government for boosting its exploration and production activities in the state, according to a PTI report. The company will make investment for drilling more than 220 oil and gas wells across the state, it said.SBI update:...


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


BusinessToday.In
New Delhi, September 11, 2019
In a comment that has invited  severe backlash from critics, finance minister Nirmala Sitharaman blamed the auto slowdown on millennials, Uber and Ola. Watch as experts dissect her comment and work out the real reasons for the automobile slowdown.


BusinessToday.In
New Delhi, September 11, 2019
On the recent controversy surrounding Finance Minister Nirmala Sitharaman's remarks on the auto slump, the minister says \"new technologies always lead to new results\"


BusinessToday.In
New Delhi, September 11, 2019
FM Sitharaman, in a press conference on Tuesday, said the auto slump was due to many factors like the change in the mindset of millennials, who now prefer taxi aggregators like Ola and Uber


BusinessToday.In
September 11, 2019
Bajaj Auto's Managing Director Rajiv Bajaj believes that the unprecedented slowdown in the auto sector is largely due to \"overproduction and stocking\" by companies based on growth forecasts, and ruled out the need for a reduction in the GST rate


BusinessToday.In
September 10, 2019
Regarding the auto manufacturers' demand to reduce GST rates for automobiles, FM Sitharaman said that the matter will be taken up by the GST Council in its meeting on September 20


Goutam Das
New Delhi, September 10, 2019
NCR, today has 7,039 active start-ups versus 5,234 in Bangalore. Delhi forms the biggest chunk with about 4,491 start-ups; Gurgaon has 1,544 while Noida 1004.


BusinessToday.In
New Delhi, September 5, 2019
Uday Kotak added that problems in the auto sector are structural and cyclical and he urged the industry to introspect to overcome these challenges.


PTI
September 4, 2019



Sumant Banerji
New Delhi, September 4, 2019
According to OLX, India's largest online marketplace for pre-owned cars, sales are projected to grow by at least 10 per cent in 2019 at 4.4 million units even as sales of new cars is expected to decline by 6 per cent this calendar year.


Rukmini Rao
September 3, 2019
Global investors' interest in auto-tech start-up comes at a time when the Indian auto sector is battling its highest de-growth in monthly sales over the past 19 years


Sumant Banerji
New Delhi, September 2, 2019
The onset of electric vehicles in India has opened up a billion-dollar industry in EV charging that is attracting companies from diverse sectors


BusinessToday.In
September 2, 2019
The agreement also envisages that M&M would have right of call option to acquire shares from certain existing investors of Meru for an amount not exceeding Rs 98 crore.


PTI
Mumbai, August 30, 2019
SBI Card is the second-largest credit card issuer in the country, with 8.8 million outstanding cards as of June 30


Reuters
August 29, 2019
SBI Card & Payments Services Ltd, the credit card subsidiary of State Bank of India (SBI), plans to raise about 80 billion Indian rupees ($1.12 billion) via an initial public offering this year, a senior SBI executive involved in the process said.


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