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Joe C Mathew
September 19, 2019
Even as the next GST Council meeting is scheduled for September 20, the possibility of a wide ranging tax cut - to infuse growth into India's slowing economy - looks unlikely, says T.M. Thomas Isaac, Finance Minister of Kerala


Rahul Shrivastava
New Delhi, September 18, 2019
The GST Council meeting, as per the agenda paper, may take up automobiles, hotels, biscuits, matchsticks and outdoor catering segments for resetting of the GST rates. However, all listed items may not see GST cut due to various complexities involved


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


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


Sumant Banerji
New Delhi, September 16, 2019
The steel industry is feeling the pinch of the protracted slowdown in construction and auto sectors, two of its biggest clients. Will it be the next domino to fall?


Dipak Mondal
New Delhi, September 16, 2019
A reduction in the GST rate could provide succour to the automobile industry. But the government is not too sure


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
September 16, 2019



BusinessToday.In
New Delhi, September 15, 2019
\"I know the industries are going through a tough time now. We want to increase the growth rate. Recently, I met automobile manufacturers at all India convention of the automobile industry and all of them were little worried...,\" says Nitin Gadkari


PTI
September 14, 2019



Anilesh S Mahajan
New Delhi, September 13, 2019
In 2018-19, India had trade deficit with 11 out of 20 RCEP countries. In 2017-18, it had a trade deficit of $104 billion with all RCEP countries; more than half of this ($57.86 trillion) was with China


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.


Nevin John
September 12, 2019
\"The government should boost public spending for the revival of the economy. A good monsoon will revive economic activities in the rural market, while the bank recapitalisation will enhance liquidity,\" said Seshagiri Rao, Joint Managing Director & Group CFO, JSW Steel


PTI
September 12, 2019



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


Ajita Shashidhar & Sumant Banerji
New Delhi, September 11, 2019
With Indian consumers tightening their purse string, auto and consumer durables companies are approaching this festive season like a regular period, without ramping up stocks


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


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