Hyundai Motor India Limited on Thursday announced that it had shipped its 3 millionth car for export from its manufacturing plant in Sriperumbudur near Chennai. The car was the recently-launched Aura compact sedan which has commenced exports from India to 88 countries around the world. Hyundai has put forth Aura as a premium […]
Sensex drops over 150 points; Nifty slips below 12,100
Market benchmark Sensex dropped over 150 points in opening session on Thursday dragged by losses in Reliance Industries, HDFC Bank and Infosys ahead of January derivatives’ expiry. After opening 181 points higher, the 30-share BSE index turned volatile and surrendered all gains to trade 168.61 points or 0.41 per cent […]
Foot massager to Android tablets, top features of India-bound Audi A8 L revealed
After kick starting 2020 with the launch of the Q8, its flasgship SUV, Audi is all set to build on the momentum and will launch the A8 L sedan here on February 3. Just days before that launch, the German auto maker provided a glimpse into some of the stellar features […]
Oil falls as coronavirus death toll climbs, US inventories rise
Oil prices fell on Thursday as the death toll from the new virus in China climbed to 170 and more airlines cancelled flights to the country’s major cities, while rising US crude inventories added to the negative tone. Brent was down 24 cents, or 0.4%, to $59.57 a barrel by […]
With an eye out on digital journalism, BBC to cut an estimated 450 jobs
The BBC said Wednesday that plans to “modernize” the British broadcaster’s newsroom will lead to the loss of an estimated 450 jobs. The cuts represent a substantial blow to the national public service broadcaster, which has a worldwide reputation for high quality news and entertainment programs. BBC News employs about […]
Prices of three key vegetables unlikely to go down for now
Will the production of potato, onion and tomato, which together account for 44% of the typical household budget for vegetables, show an improvement in 2019-20 over 2018-19? At various times of the year, particularly in December 2019 and January, supply shocks caused the price of onion to soar. In the […]
Budget 2020: What startups expect from Nirmala Sitharaman’s budget 2020-21
In three days from now, India will know what finance minister Nirmala Sitharaman’s budget for the financial year 2020-21 has in it for every sector. Since it first came to power in 2014, the core area of focus for BJP-led Narendra Modi government has been a push for start-ups, which […]
Oil falls for sixth day as China Coronavirus spreads
Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand. Brent crude was down 15 cents, or 0.3%, to $59.17 at around 0114 GMT, after […]
Maruti Suzuki increases price of six models, including Alto and WagonR
Maruti Suzuki India has announced an increase in prices for select models, with immediate effect, due to increase in input costs. In a statement, the automobile major said that the price hike is up to 4.7 per cent. “The price change varies across models and ranges from 0 per cent […]
GST collections for January may hit record Rs 1.15 lakh crore
Goods and Services Tax (GST) collection may hit a record Rs 1.15 lakh crore in January, while the shortfall in gross direct tax collections may be only Rs 11,000 crore in the first 10 months of the current financial year as compared to same period last year, two government officials […]
Union budget 2020 will fear and wish for inflation at same time
The forthcoming union budget will be presented at a time when inflation growth is the highest in five-and-half years. India’s benchmark inflation measure, Consumer Price Index (CPI), grew at 7.35% in December, the highest since July 2014. Yet, it is lack of inflation which would have hurt the government’s fiscal […]
Rupee slips 18 paise to 71.51 against US dollar in early trade
The rupee opened on a weak note and declined by 18 paise to 71.51 against the US dollar in opening trade on Monday, tracking weak opening in domestic equities and strengthening of the American currency overseas. Forex traders said weak opening in domestic equities dragged the local unit, while easing […]
Sensex drops over 250 points, Nifty below 12,200
Market benchmark Sensex tumbled over 250 points in opening session on Monday tracking losses in index-heavyweights HDFC duo, Kotak Bank and Reliance Industries amid weak global cues. The 30-share BSE index was trading 240.72 points or 0.58 per cent lower at 41,372.47. Similarly, the broader NSE was trading 76.70 points, […]
Audio of guests slamming Tesla at dinner with Donald Trump goes viral
Tesla has taken massive strides in recent months and has announced a number of product launches while expanding its global presence with determination. From Cybertruck to a plant in Shanghai – its first outside of the United States, Tesla has managed to hit the headlines repeatedly and has also managed […]
Govt eyes unspent funds to tread fiscal tightrope
Money allocated for government schemes in the 2019-20 financial year that is lying unspent may help in keeping the Union government’s fiscal math in order ahead of the upcoming Budget despite the current economic slowdown and an expected fall in revenue receipts, according to two people aware of the matter. […]