Samie Modak &Amp; T E Narasimhan

Stories by Samie Modak &Amp; T E Narasimhan

India's automakers hit the fast lane in overseas markets

India's automakers hit the fast lane in overseas markets

Rediff.com   10 Oct 2019

Even as domestic passenger car sales declined 29.4 per cent between April and August this year, exports grew 6.5 per cent, partially cushioning the blow from slowing sales.

Green firecracker norms may rob Sivakasi's sparkle

Green firecracker norms may rob Sivakasi's sparkle

Rediff.com   9 Oct 2019

Some experts opine that green crackers are yet not practical and question government's move to promote them.

First mover Medimix hopes to ride ayurvedic wave now

First mover Medimix hopes to ride ayurvedic wave now

Rediff.com   6 Oct 2019

The packaging is new and so is the way it talks to customers. Plus the brand has been extended into hair oil, shampoo and body wash, products that appeal to the young.

Now Laxmi Vilas Bank under RBI scanner for bad loans

Now Laxmi Vilas Bank under RBI scanner for bad loans

Rediff.com   29 Sep 2019

The PCA plan covers various suggestions or measures to recover non-performing assets (NPAs), reduce costs, boost capital, downsize risk-weighted assets, and improve profitability, among others. The LVB management is in the process of implementing all of these, said sources.

Analysts unanimous: Corporate earnings, Sensex set to zoom

Analysts unanimous: Corporate earnings, Sensex set to zoom

Rediff.com   23 Sep 2019

Market players say following the tax cuts, the market mood had changed from bearish to positive, which should help sustain the rally.

In a first since 1998, rough diamonds will be auctioned in Surat

In a first since 1998, rough diamonds will be auctioned in Surat

Rediff.com   18 Sep 2019

So far, rough diamonds mined from the Panna mines in Madhya Pradesh were auctioned online but displayed only at Panna.

Tamil Nadu EV policy seeks to attract Rs 50,000 cr, create 150,000 jobs

Tamil Nadu EV policy seeks to attract Rs 50,000 cr, create 150,000 jobs

Rediff.com   17 Sep 2019

The government will create an EV Venture Capital Fund, for financial support to start-ups in the segment. The overall aim is to make Tamil Nadu the preferred destination for EVs and component makers.

Auto slump: Used commercial vehicle sales see uptick

Auto slump: Used commercial vehicle sales see uptick

Rediff.com   16 Sep 2019

Average overall sales which used to be around 8,000 units a year ago has dropped to 7,000-7,500 units in a month. A lot of government projects have been announced but these are yet to translate to boost CV sales.

Anil Ambani's Reliance Capital inches closer to exiting MF biz

Anil Ambani's Reliance Capital inches closer to exiting MF biz

Rediff.com   11 Sep 2019

Close to 21.5 per cent of this will be sold to Japan's Nippon Life, which will then become the sole promoter of the fund house.

'Orbiter's life to be 7 years as it has extra fuel'

'Orbiter's life to be 7 years as it has extra fuel'

Rediff.com   9 Sep 2019

'Till date, 90-95 per cent of the mission objectives have been accomplished' 'Future programmes will go as planned' After the moon landing mishap, K Sivan, chairman, Indian Space Research Organisation spoke to T E Narasimhan/Business Standard of the future and the mood among his scientists. Edited excerpts:

Secret behind the success of 90-year old Brand MTR

Secret behind the success of 90-year old Brand MTR

Rediff.com   8 Sep 2019

While the traditional masala portfolio continues to hold its sway, the brand is up against stiff competition from food delivery apps and the thriving community of restaurants that they support for its ready-to-cook and ready-to-eat fare.

Auto firms unsure if benefits will be seen in festive season

Auto firms unsure if benefits will be seen in festive season

Rediff.com   26 Aug 2019

This year, both rural and urban markets have reported around 18 per cent fall in the first quarter. However, most auto majors expect that by January, there would be a pick up.

How 55-year old Gits plans to beat competition

How 55-year old Gits plans to beat competition

Rediff.com   25 Aug 2019

Gits now has super food mixes like brown rice and flax seeds idli mix, oats idli mix and such other products. It has also launched an organic and vegan version of ready meals abroad. It also has an e-store, besides selling through Flipkart, Amazon and Big Basket.

How carmakers are planning a revival for the sector

How carmakers are planning a revival for the sector

Rediff.com   23 Aug 2019

Market leaders saw good traction for new cars, including the electric ones.

Uncertainty looms over renewal of mining leases

Uncertainty looms over renewal of mining leases

Rediff.com   21 Aug 2019

Iron ore deposits in the Donimali mine are estimated at 143 million tonnes and worth around Rs 40,000 crore. NMDC had leased the mine in 1968 for a period of 50 years. The lease expired on November 3, 2018.

To beat crisis, Hyundai halts production for several days at Chennai unit

To beat crisis, Hyundai halts production for several days at Chennai unit

Rediff.com   19 Aug 2019

Other players who have declared no production days in the recent past, and during this month, include Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Bosch, Jamna Auto, Wabco and Sundaram-Clayton.

Auto sector woes hit tyre makers hard

Auto sector woes hit tyre makers hard

Rediff.com   8 Aug 2019

Tyre companies are stepping up on exports to offset declining volumes from domestic OEMs.

India's auto sector staring at a bleak future

India's auto sector staring at a bleak future

Rediff.com   6 Aug 2019

286 dealers closed down in 18 months, 32,000 jobs impacted. Maharashtra leads with 84 closures, followed by Tamil Nadu and Delhi. The worst-hit is the passenger car segment.

MFs witness sizeable churn due to corporate defaults

MFs witness sizeable churn due to corporate defaults

Rediff.com   30 Jul 2019

Half a dozen stocks from the large-cap universe and over two dozen from the mid-cap universe have been replaced.

Inflow of $25-billion foreign cash riding on three key FPI proposals

Inflow of $25-billion foreign cash riding on three key FPI proposals

Rediff.com   26 Jul 2019

These include increasing the public float in listed companies to 35 per cent from 25 per cent, increasing the minimum statutory limit for FPI investment in a firm from 24 per cent to the sectoral foreign investment, and lowering government holding in listed public sector undertakings.