New Delhi, Apr 1 (PTI) Mahindra & Mahindra (M&M) on Friday said its total sales increased by 35 per cent to 54,643 units in March as compared with the year-ago period. The Mumbai-based auto major had dispatched 40,403 units in March 2021. The company sold 27,603 passenger vehicles last month in the domestic market as [...]
New Delhi, Apr 1 (PTI) Automaker Nissan India on Friday reported a 25 per cent decline in domestic wholesales at 3,007 units in March. The company had registered 4,012 units in domestic wholesales in March 2021. The domestic wholesales of the company were at 37,678 units in the fiscal ended March 2022, Nissan India said [...]
Jet fuel prices on Friday were hiked by 2 per cent - the seventh straight increase this year - to an all-time high, reflecting a surge in global energy prices. Aviation turbine fuel (ATF) - the fuel that helps aeroplanes fly - was hiked by Rs 2,258.54 per kilolitre, or 2 per cent, to Rs [...]
NBC Bearings is the first to launch a brand mascot amongst other players in the industry JAIPUR, India, April 1, 2022 /PRNewswire/ -- National Engineering Industries Ltd. (NBC Bearings), a part of the USD 2.4 billion diversified CK Birla Group, today introduced their brand mascot, 'Runningo' as part of their ongoing campaign, 'Lambi race ke [...]
UDAIPUR, India, April 1, 2022 /PRNewswire/ -- In line with Prime Minister Narendra Modi's vision of making India' Net Zero', Hindustan Zinc has joined the global movement of leading companies that are aligning their business to limit global temperature rise to 1.5°C above preindustrial levels and reach net-zero value chain emissions by no later than [...]
New Delhi, Apr 1 (PTI) Hyundai Motor India on Friday said its total sales declined 14 per cent to 55,287 units in March, as compared with same month last year. The company had dispatched 64,621 units to its dealers in March 2021. For 2021-22 fiscal, the company reported total sales of 6,10,760 units, up by [...]
New Delhi, Apr 1 (PTI) Healthcare industry body NATHEALTH on Friday said it has appointed Wipro GE Healthcare Managing Director Shravan Subramanyam as its new President.Subramanyam takes over from Harsh Mahajan, Founder & Chief Radiologist at Mahajan Imaging, the industry body said in a statement.Other members of the newly elected NATHEALTH leadership team are Ashutosh [...]
The US will release 1 million barrels of oil per day from its strategic petroleum reserve for the next six months, President Joe Biden has announced, as he tried to keep the oil prices under control with the largest-ever release from its emergency oil stash. Biden's move comes after Russia's invasion of Ukraine had sent [...]
New Delhi, Apr 1 (PTI) State-owned Engineers India Ltd (EIL) has signed a memorandum of understanding (MoU) with Numaligarh Refinery Ltd (NRL) for the development and commercialization of technologies. The MoU was signed on March 31, 2022, the company said in a statement. "Under the MoU, EIL and NRL will jointly develop and license indigenous [...]
New Delhi, Apr 1 (PTI) Brick kilns can opt for a composition scheme to pay a 6 per cent GST without input tax credit (ITC) beginning Friday, higher than 5 per cent earlier.Those businesses who do not wish to opt for the composition scheme would be subject to 12 per cent Goods and Services Tax [...]
New Delhi, Apr 1 (PTI) The Karnataka government has started procurement of ragi at the minimum support price while for maize it has not yet sought permission from the Centre, Union Food Minister Piyush Goyal said in the Rajya Sabha on Friday.JDS supremo H D Deve Gowda, during the Question Hour, said no step has [...]
New Delhi, Apr 1 (PTI) Guar seed prices on Friday rose by Rs 155 to Rs 6,331 per 10 quintals in futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed for April contracts increased by Rs 155 or 2.45 per [...]
New Delhi, Apr 1 (PTI) Guar gum prices on Friday surged by Rs 498 to Rs 12,172 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by Rs 498 or 4.09 per cent to Rs 12,172 [...]
New Delhi, Apr 1 (PTI) Automaker Kia India on Friday reported its best-ever monthly sales in March at 22,622 units.The company said its wholesales last month increased by 18 per cent to 22,622 units compared to the same month last year.In March, Seltos remained the company’s best-seller with 8,415 unit sales, while the newly launched [...]
New Delhi, Apr 1 (PTI) Crude oil futures on Friday dropped by 3.34 per cent to Rs 7,507 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for April delivery fell by Rs 259 or 3.34 per cent to Rs 7,507 per barrel with a business volume [...]
New Delhi, Apr 1 (PTI) Financial services platform KFin Technologies has filed preliminary papers with market regulator Sebi to raise Rs 2,400 crore through an Initial Public Offering (IPO). The IPO is entirely an Offer-For-Sale (OFS) by promoter General Atlantic Singapore Fund Pte. Ltd, according to the Draft Red Herring Prospectus (DRHP). The company will [...]
New Delhi, Apr 1 (PTI) Power giant NTPC on Friday announced the commercial operation of 22 megawatts of floating solar capacity in Kayamkulam, Kerala.The capacity, which began commercial operation on Thursday, is part of its 92 MW Kayamkulam floating solar PV project, NTPC said in a statement."Consequent upon successful commissioning, the first part capacity of [...]
New Delhi, Apr 1 (PTI) Housing sales across seven cities increased 71 per cent in January-March to 99,550 units, the highest quarterly sales since 2015, on low-interest rates on home loans and the growing concept of homeownership, according to property consultant Anarock.Sales of residential properties stood at 58,290 units in the year-ago period and 90,860 [...]
Washington, Apr 1 (PTI) Initiatives such as “Make in India” and “Atmanirbhar Bharat” seek to increase India’s self-sufficiency by promoting domestic industry and reducing reliance on imported goods, the US Trade Representative has said in a report, observing that American exporters encounter "significant" tariff and non-tariff barriers in the country. In its National Trade Estimate [...]
New Delhi, Apr 1 (PTI) Torrent Power on Friday announced the takeover of the power distribution operations in Union territory Dadra & Nagar Haveli and Daman & Diu.The assets were privatised under the government's ambitious programme to privatise the distribution network in Union territories through a competitive bidding process, Torrent Power said in a statement."Torrent [...]
