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BusinessToday.In
New Delhi, September 3, 2019
Kerala Finance Minister Thomas Issac said that the central government needs to go for fiscal expansion like the one in 2009 to revive the economy and boost market sentiment


BusinessToday.In
September 3, 2019
Total motorcycle sales of the company, which stood at 109,393 units in August 2019, showed a steeper fall of 20.4 per cent compared to a nearly 16 per cent fall in scooter sales to 109,272 units


Sumant Banerji
New Delhi, September 3, 2019
The decline in sales so far is due to weak growth in rural income and moderation in rural infrastructure spending. Rural incomes were impacted towards the second half of last fiscal because crop production was flat after two years of growth at 5-6 per cent.


BusinessToday.In
September 3, 2019
KNR Constructions share price rose over 6% intraday to Rs 225 on BSE after the construction & engineering firm said it received a work order for Rs. 850.00 crore from Megha Engineering & Infrastructures Limited, Hyderabad for the construction and completion of Earthen Bund works


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


BusinessToday.In
September 3, 2019
While Punjab National Bank share price fell up to 8.55% to Rs 59.4, Indian Bank share price lost 7.89% to Rs 184.4 on BSE.


BusinessToday.In
September 3, 2019
Maruti Suzuki plans to make its entire small car portfolio available in compressed natural gas (CNG) variants. It is looking at the CNG option to fill the space currently occupied by diesel cars, which it intends to stop selling by April 2020.


BusinessToday.In
New Delhi, September 3, 2019
SIAM President Wadhera said that the series of announcements on credit availability and reduction of cost of credits do not seem to have percolated to the NBFCs.


BusinessToday.In
New Delhi, September 3, 2019
Major fire breaks out at ONGC plant in Navi Mumbai; at least 5 deadA major fire has broken out at an ONGC plant in Navi Mumbai. The fire broke out at 7am on Tuesday. According to initial reports, several people are feared trapped inside the premises. ONGC fire services and crisis management team immediately jumped into action. There has been no impact on oil processing. Gas has been diverted to Hazira Plant. According to initial reports at least five are feared dead.Maruti Suzuki ...


BusinessToday.In
September 3, 2019
Tracking the fall in sales, the BSE auto index tanked 255 points to 15,513 compared to the previous close of 15,768 on Friday.  The Nifty auto index too fell 121 points to 6914 level in early trade.


BusinessToday.In
September 3, 2019
The Indian currency extended its fall in late afternoon session declining 100 paise to 72.40 per dollar. Later, the currency closed 99 paise lower at 72.39 to the dollar.


PTI
September 3, 2019



BusinessToday.In
New Delhi, September 2, 2019
The mini segment, which comprises cars like Alto and old WagonR, saw the steepest decline of 62.93 per cent with the company producing just 13,814 units against 37,268 units rolled out in the year-ago period


Rashmi Pratap
New Delhi, September 2, 2019
Corporate India's interest outgo is growing faster than its operating income. As sectoral issues combine with a slowdown to pull down earnings, servicing debt could become more challenging


BusinessToday.In
New Delhi, September 2, 2019
Automobile sales crashed 29% in August 2019, Binny Bansal sold $14 million worth Flipkart's shares to Tiger Global, Finance Minister refused to acknowledge economic slowdown and more news on News Blast.


BusinessToday.In
September 2, 2019
Finance Minister Nirmala Sitharaman kindled hopes of a GST rate cut on the same day that several leading auto players announced dismal sales figures for August. The auto industry has long called for a reduction in the GST rate from 28 per cent to 18 per cent to accommodate the downturn.


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.


Sumant Banerji
New Delhi, September 2, 2019
Mining and quarrying was one of the only three segments that expanded in the April-June period of this fiscal over last fiscal, yet the situation on the ground or at the pit head of a mine in this case, is anything but rosy.


Sumant Banerji
September 1, 2019
Finance Minister Nirmala Sitharaman had on August 23 announced a few measures including 30 per cent depreciation for new vehicles and revoking the ban on purchasing vehicles for the government, to spur a turnaround but many in the industry felt the measures were too little too late.


PTI
September 1, 2019



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