Toyota Kirloskar Motor (TKM) on Wednesday said its wholesales increased 75 per cent year-on-year to 15,338 units in February 2023. The company had dispatched 8,745 units in the domestic market in February last year. "We are witnessing a continued interest from customers across our product portfolio, resulting in a very healthy growth in the month [...]
The Jammu and Kashmir administration has cleared decks for USD 100 million support by International Fund for Agricultural Development (IFAD) through implementation of “competitiveness improvement of Agriculture and Allied Sectors Project (JKCIP)”, an official spokesman said. Lt Governor Manoj Sinha gave a green signal to propose the JKCIP project to the Department of Economic Affairs [...]
Moody's Investors Service on Wednesday raised India's economic growth estimate for 2023 to 5.5 per cent from 4.8 per cent pegged earlier, on the back of a sharp increase in capital expenditure in the Budget and a resilient economic momentum. It however revised downwards India's growth estimate for 2022 to 6.8 per cent from 7 [...]
Telecom operator Bharti Airtel crossed 10 million unique 5G users since it started rolling out its network from October 2022. It said that its 5G services are present across all states and that it is well poised to cover every town and key rural areas with its 5G services by the end of March 2024. [...]
Bajaj Auto on Wednesday said its total wholesales declined by 11 per cent year-on-year to 2,80,226 units in February. The Pune-based company had dispatched 3,16,020 units to its dealers in February 2022. In a regulatory filing, the company said its total domestic sales increased by 36 per cent to 1,53,291 units last month, as compared [...]
The record heat in February can lead to more rate hikes from RBI, a domestic rating agency said on Tuesday. The high temperatures will impact the wheat production, the rating agency said, adding that the surge in wheat prices contributed to over a tenth of the retail inflation in December and January, which is way [...]
Stock markets advanced in early trade on Wednesday amid gains in Asian equity exchanges and buying in IT counters. The BSE Sensex advanced 278.77 points to 59,240.89 after a positive beginning. The NSE Nifty climbed 83.4 points to 17,387.35. From the Sensex pack, Mahindra & Mahindra, Tata Steel, HCL Technologies, Axis Bank, Tata Consultancy Services, [...]
Ambuja Cements Ltd bagged a coal mine in Maharashtra on the second day of the commercial mines auction on Tuesday. While Assam Mineral Development Corporation Ltd emerged as the highest bidder for a coal block in Jharkhand, Shreesatya Mines Private Ltd bagged a coal block in the eastern state. The auction of three other coal [...]
Housing finance major HDFC and state-run Punjab National Bank on Tuesday announced up to 25 basis points increase in their lending interest rates, making their new and old loans expensive for consumers. The revised rates would be effective from March 1. Mortgage lender HDFC has increased its retail prime lending rate by 25 basis points [...]
India's economic growth slowed down to 4.4 per cent in the third quarter of 2022-23 mainly due to poor performance of the manufacturing sector. In October-December 2021, the economy grew by 11.2 per cent and by 6.3 per cent in the July-September 2022 quarter, according to data released by the National Statistical Office (NSO) on [...]
