India's economy is projected to maintain growth above 7 per cent in 2026-27 (FY27), supported by strong domestic consumption and investment, even as global growth faces risks from geopolitical tensions, according to industry body Assocham.
'The trade deficit in some sectors is huge and that is an area of opportunity to localise.'
Three additional vehicle makers and five more auto component makers will begin availing financial incentives under the production-linked incentive (PLI) scheme for the automobile sector from 2026-27 (FY27) onwards, Hanif Qureshi, additional secretary at the Ministry of Heavy Industries (MHI), said on Wednesday.
In a recent note, the global brokerage firm said India now commands a weight of 19 per cent in the above-mentioned portfolio as compared to 18.2 per cent in September 2023. India, it said, is a large liquid market and remains a counter-weight to North Asia if a slowdown in the West occurs and China's recovery disappoints.
Automotive component manufacturer A K Minda Group on Thursday announced a 50:50 joint venture agreement with France's Valeo Group to manufacture auto security products.
Argentina beat Ecuador 4-2 on penalties to move into the semi-finals of the Copa America on Thursday after goalkeeper Emi Martinez made two saves for the reigning champions in the shoot-out following a 1-1 draw in regulation time.
Salomon Rondon struck a second-half penalty to send Venezuela into the Copa America quarter-finals on Wednesday with a 1-0 win over Mexico in Group B, a result that also sent Jamaica crashing out of the tournament.
At a time when exchange-traded funds (ETFs) were unloading Jio Financial Services from their portfolios, some active fund managers were placing large bets on the demerged financial services arm of Reliance Industries Ltd (RIL), a report by Nuvama Alternative & Quantitative Research shows. Motilal Oswal Mutual Fund and Quant Mutual Fund were the top MF buyers of the stock in August. They bought around 60 million shares each, together investing around Rs 2,800 crore.
They will not be followed by analysts and no fund manager can buy such small companies with low trading liquidity.
Large companies, those that are talked about in the media and tracked on social media, have already been discovered. They won't lead to extraordinary gains, Debashish Basu points out.
Vidarbha wicketkeeper-batter Jitesh Sharma's finishing ability is like gold dust that the current Indian T20 set-up is desperately seeking.
She added 148 workers from Maruti Suzuki had been imprisoned for two years without bail, on charges of killing a plant manager.
A New Delhi house is replete with all accessories of luxury, including an indoor swimming pool.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
The move will primarily impact luxury car companies like Mercedes Benz, BMW, Audi and Volvo and bike brands like Triumph and Harley Davidson.
Germany's Adrian Sutil and Frenchman Jules Bianchi are frontrunners for Force India's second Formula One race seat but the decision is about more than just the highest bidder, the team said on Friday.
If early indications are anything to go by, 2013 looks decidedly better than 2012.
The government has mandated that from October 2017, all new car models will have to be equipped with airbags to meet crash test norms.
Last week, US aircraft manufacturer Boeing signed an agreement with Tata Automobile Limited Manufacturing Solutions, a wholly-owned Tata Motors subsidiary, for manufacturing structural components for Boeing's 787 Dreamliner airplane programme.
Tata Motors has decided to stick to the Rs 1-lakh price tag -- plus value-added tax (VAT) plus transport charges -- for the car as the company believes hiking the price at this stage will be a 'breach of promise to the customers.'
Now Delhi-based Sona Koyo, which is supplying steering systems for the Nano, and Minda Group, which supplies electrical switches, have confirmed that they and other component suppliers have suggested a price rise to Tata Motors.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
Issues like high insurance cost and the announced price hike effective January could also weigh on sales in 2019. The only bright spot is the softening seen in fuel prices over the past month.
A flight on one of India's budget airlines offers the best opportunity to view the country's economic boom.
Apart from around 40 Japanese companies and five global vendors of MG Motor India, many other biggies are eyeing Gujarat for either greenfield opportunities or brownfield expansion.
Noida SEZ has 400 units and around 100,000 workers, and was shut down on March 23.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A large part of the credit for the Kwid's success goes to sourcing of local components. This allowed Renault to launch the car at Rs 256,000 in September 2015
Analysts attribute this outperformance to the government's proactive economic reform measures
With the men's squash team clinching a silver medal after losing to Malaysia in the final, India ended their campaign at the 2nd Asian Youth Games in Nanjing at the 10th spot and with an impressive tally of 14 medals (3 gold, 4 silver and 7 bronze).
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
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