According to the Icra report, earnings before interest, tax, depreciation and amortisation margin of its sample declined by 44 basis points on a YoY basis and 23 basis points on a quarter-on-quarter basis to 16.6 per cent.
To help 2G customers who have to buy a new phone to upgrade to 4G, the company had earlier introduced 4G feature phones, to make it affordable for them to make the switch.
Rediff reader Palanki Suryanarayana, 75 a retired professor of civil engineering settled in Bengaluru, tells us how he is teaching science to his grandson.
Maruti being the market leader with a disproportionately high share of the passenger car market helped its component makers grow as an industry all these years and hence, the exit from a segment is a jolt if not a big setback.
Top companies have grabbed a bigger pie of their sectors in the pandemic period, leading to a further rise in market concentration in many industries as measured by the Herfindahl-Hirschman Index (HHI). The HHI score, which indicates competitive intensity in an industry (or a lack of it), reached a new high in FY21 as bigger firms raised their revenue market shares either organically or through mergers and acquisitions. A higher HHI score indicates a rise in market concentration in favour of a few firms while a lower score means that the industry's revenue is more evenly divided among many companies
'Air they suck in is far dirtier than the air which comes out of it.'
The model is loaded with various safety features including six air bags, anti-lock braking system with brake assist, dynamic stability control, including dynamic traction control, cornering brake control, among others.
It came on the back of tepid dispatches in the March quarter as consumer sentiment took a knocking, owing to uncertainty ahead of the general election.
Be it the name, the design and communication campaign and the engagement processes being imagined between the brand and its buyers, the company is casting its cars in a new mould, reports T E Narasimhan.
A sessions court in Kerala on Wednesday awarded double life sentence in the Uthra murder case to the victim's husband for killing his wife using a cobra, saying the crime was 'definitely diabolic, cruel, heinous and dastardly' and committed with 'unparalleled wickedness.'
Vijayeta Basu married boyfriend Karan Talreja.
The lockdown in Maharashtra will have a catastrophic impact on April sales, as dealers will not be able to realise the potential of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.
The ongoing elections and overall subdued market sentiment continue to affect the sales momentum
In its quest to paint a rosy picture on the health of Indian cricket, Board of Control for Cricket in India president N Srinivasan and former treasurer Ravi Savant's note in the Board's Annual Report doesn't have a single mention of the spot-fixing scandal that rocked the sixth edition of the Indian Premier League.
The latest move, even if it is symbolic, is the first rate hike after the one announced end of 2019.
Government needs to promote electrification and charge points and make sure India has stable power supply.
The government will issue Sovereign Gold Bonds (SGBs) in six tranches beginning April 20, the Reserve Bank of India said on Monday. The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram and the tenure of the SGB will be eight years with exit option after fifth year to be exercised on the interest payment dates.
The five-year (2015-16 to 2020-21, or FY21) compound annual growth rate (CAGR) of the overall auto industry is now negative at 2 per cent, against 5.7-per cent growth it saw in the previous five years (from 2010-11 to 2015-16).
'Under the more strident Modi version of Hindutva, Nehru has almost become a contemporary political figure.' 'The ruling party knows that without total erasure and distortion of Nehru, their fantasies will always be wobbly.'
The US president announced the move during his first State of the Union address, reversing his predecessor Barack Obama's decision to close the controversial site "as soon as practicable".
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
The two independent brands Vodafone and Idea will be phased out, and the legacy of the two companies will reflect in the common brand -- Vi.
The Pune-based company sells the Platina and CT brands in the entry-level - 100-110cc - segment.
The attack also refreshed the memories of a virus attack on an Iranian nuclear facility.
The World War II veteran earned himself a knighthood after raising some 33 million for health service charities.
The missile is a new version of an existing nuclear capable missile.
If a salaried employee does not possess Form 16, he can still file the I-T Return with the help of his salary slips and Form 26 AS.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The first half of 2019-20 will be under pressure, since prices are expected to go up by Rs 7,000-8,000 at a time when sentiment is poor.
Five key capital market announcements from the previous Budget.
MSI chairman R C Bhargava said auto sector would like to see GST benefits linked to greener/cleaner cars. The government gave tax cut on EVs but hybrid should be given duty cut. There should be tax cut on CNG vehicles.
The overall confirmed cases on the Chinese mainland has reached 44,653 by the end of Tuesday and 1,113 people has died of the disease.
A steady climb in volumes has helped the company double its market share in the segment to 5 per cent in the first six months of the financial year from the year-ago period and it has now set its sights on a 10 per cent share in the next two years.
The poor deployment of WLATMs has tripped what the central bank sought to achieve back in 2012.
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
There are about 23 oil refineries in India with a combined capacity of 230 million tonnes per annum.
As Yuvraj Singh completed one year of his retirement from all forms of cricket, Twitteratis paid tribute to the cricketer and #MissYouYuvi started trending on the micro-blogging website.
The right investment at the right age will help you enjoy a secured post retirement life.
'It is a gradual process of saying we want to have all the decisions across business sectors available in India as well.'
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