While Hamdard Laboratories, the maker of Rooh Afza, has attributed the crisis to a shortage of some crucial ingredients, whereas reports suggest a family feud is behind all this.

Once touted as the fastest growing industry in the world, passenger vehicle sales are estimated to have declined by over 17 per cent last month - steepest in a month since October 2011

Total gold recycled in India during the period also went up sharply by 14 per cent to 16.1 tonnes, as compared to 14.1 tonnes in Q1 2018

\"The near-term prospect of the domestic two-wheeler market is likely to remain challenging, the festive season however is expected to brighten up sentiment and revive growth in the second half of FY20,\" said Pawan Munja, Chairman, Managing Director & Chief Executive Officer of Hero MotoCorp

Hero MotoCorp's net profit plunged 24.5 per cent to Rs 730.3 crore in Q4FY19, from Rs 967.40 crore in the year ago quarter; revenues from operations slipped 8 per cent to Rs 7,885 crore in the fourth quarter

The pilot project is limited to 10,000 users, but in the next two-three weeks Walmart-backed Flipkart hopes to roll it out its larger customer base. It has already got the in-principle nod from the RBI.

Growth in luxury spending is now moving beyond the three metros (Delhi, Mumbai and Bangalore). Kolkata, Chennai, Pune and Hyderabad have emerged as new centres of luxury consumption

Kenichi Ayukawa led Maruti to a position of historic strength in 2017/18 and is prepping the company for future challenges.

The total income rose by 14.86 per cent to Rs 13,411.29 crore, EBITDA grew 0.7 per cent to Rs 1,690 crore in December quarter. The automaker sold 1,33,508 units vehicle as compared to 1,21,786 units in the year ago period.