About 25-30% of total units launched are unsold across country.
Petrol price has been cut by 58 paise a litre and diesel by 25 paise with effect from midnight tonight.
SBI cuts education loan rates 25-100 bps; others reduce home loan rate, waive processing fees
Fund mobilisation by companies through equity and debt routes has dropped 20 per cent in 2022 to nearly Rs 11 lakh crore, as exuberance dwindled this year due to expensive credit avenues and volatile markets. The first half of 2023 could continue to remain challenging. The year 2021 was extraordinary for fundraising from the equity and debt routes, while 2022 has seen a slowdown in capital raising owing to elevated volatility provoked by unprecedented inflation globally and the Russia-Ukraine war.
However, the reduction in ATF prices will provide some cushion to airlines engaged in a protracted price war have lost control over pricing in one the world's most price sensitive domestic markets.
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
Banks and insurers are beginning to reward customers who show exemplary conduct with lower prices and penalise those who behave poorly by imposing higher costs.
Finance ministry takes up a review of the STT regime after a meeting with stock exchange officials.
Their number is dwindling, but single-screens believe they have a place in the entertainment space
Indian mobile operators led by Reliance Communications, BSNL and MTNL on Friday announced a bonanza for their users who are frequent travellers by waiving or nearly eliminating roaming charges.
Bombay Stock Exchange (BSE) shares have lost more than a third of their value in the last six months, as a lacklustre market has hurt volumes in the exchange's cash segment and several efforts to revive its derivatives segment are yet to show results.
'The recent correction in indices has made the markets cheaper to invest for the long term.'
There are more of them now and the total value of such companies--out of reach for small retail players--may surprise you. Shares topping the five-figure price mark were rare ten years ago. A look at March-end figures across the listed universe in 2011 shows only one such share. There were two by 2013.
The Council also discussed process to make return filing simpler with just one return to be filed every month.
After ramping up production to meet the steep demand spike during the Covid-19 pandemic, Indian medical device makers are now struggling with idle capacity. According to industry estimates, around a third of the installed capacity, especially for consumables, disposables, small-ticket electronic items, etc., is lying unutilised. Sample this: India used to produce just 6.24 million pieces of PPE kits per annum before the pandemic, but by June this was ramped up to 233.87 million pieces per annum.
'...Market-linked debentures, high-value insurance, exemptions from capital gains by investment in real estate, etc.' 'So, there are a number of measures directed at collecting a fair share from higher income individuals.'
Price of non-subsidised cooking gas (LPG) was today cut by Rs 43.50 per cylinder as international oil rates slumped to their lowest since May 2009.
Putting an end to the vaccine certification row, the UK on Thursday announced that Indians, fully vaccinated with Covishield vaccine, will no longer require to undergo quarantine on their arrival in Britain from October 11.
Plummeting European currencies, battered by the euro zone financial crisis, are providing European aerospace corporations an opportunity to undercut their American rivals, Boeing and Lockheed Martin, in the contest to sell India 126 medium multi-role combat aircraft (MMRCA) for a price that has been estimated at $11 billion, or about Rs 44,000 crore.
According to highly placed sources in NPPA, the reduction in prices following the latest exercise will range between six and 53 per cent.
Indian Airlines has extended its Monsoon Super Saver scheme till September 5.
Senior Congress leader Kamal Nath on Thursday claimed that the `G-23' group of Congress dissidents never demanded that a leader from outside the Gandhi family head the party.
Recently, there have been reports that the government is working on a scheme to offer education loans at a minimum rate of interest of 4 per cent.
Thanks to the flaws in the way it is implementing dynamic pricing, the Indian Railways is losing its premium travel base faster than ever before, say RailYatri's Manish Rathi and Kapil Raizada.
Sanil Basutkar, Co-founder, HealthySure, lists the benefits of availing a group health insurance policy.
India will need to travel back in time and seek inspiration from football greats Tulsidas Balaram and Chuni Goswami to deftly dribble around and sidestep the West-imposed price cap on exports of Russian seaborne crude oil. India depends on imported oil to meet 86 per cent of its needs, of which nearly a quarter now comes from Russia. The copious flows are roughly 10 per cent cheaper than competing suppliers helping India save billions of dollars in fuel costs.
What effect is the Budget going to have on your daily life? Find out how what's cheaper and what's costlier after the Budget.
US chip-maker Intel Corp is working on reducing the cost of computers to make them affordable to a vast number of people, an official said.
With Brent crude oil prices dipping below $100 per barrel, petrol prices may be cut by Re 1 a litre and there is also a likelihood of first reduction in diesel rates in seven years.
Recovering from a two-session carnage, equity benchmark Sensex rebounded 887 points on Tuesday, led by gains in index majors ICICI Bank, HDFC twins and Infosys amid a positive trend in global markets. According to experts, global equity markets are slightly relieved after studies pertaining to the Omicron strain of COVID-19 suggest that even though it is fast spreading, it is largely milder than the Delta variant. The 30-share BSE Sensex ended 886.51 points or 1.56 per cent higher at 57,633.65.
There are several more innovative ways to eat fries.
Reliance Industries, the Tata group, Bharti Airtel and Aditya Birla are among Indian conglomerates that have hedged their revenue and costs linked to the US dollar, giving them financial cover as the rupee fell past 80 against the greenback on Tuesday.
A few years ago, when top officials of Indian state-run refiners went to Dubai to negotiate a crude oil supply contract, a senior official from state-owned Saudi Aramco told them, "We can negotiate on anything, but I am the last man standing for you. "Nobody can offer the range of crudes we do with certainty," an official who was part of the negotiating team recalls. Perhaps that explains why Saudi Arabia is less concerned about losing its place as India's premier oil supplier to an upstart like Russia, which emerged from nowhere to become India's biggest crude oil supplier in September and October.
After its successful run in Latin America and some African countries, the US-based non-profit organisation 'One laptop per Child' has launched the programme in India to equip students with specially designed laptap at subsidised rate for better learning. The laptops are unbreakable and water-proof which will make them easy to handle without any risk.
The CBI inquiry was recommended on Delhi Chief Secretary's report filed earlier this month, showing prima facie violations of GNCTD Act 1991, Transaction of Business Rules (ToBR)-1993, Delhi Excise Act-2009 and Delhi Excise Rules-2010, they said.
Prices of thin flat screen televisions and monitors will come down as the government on Monday lowered the basic customs duty on LCD panels used in manufacturing of such electronic goods to five per cent from 10 per cent.
With a million-odd electric vehicles (EVs) - two-wheelers, e-rickshaws, buses and passenger cars - expected to hit the road this calendar year, the shift from gasoline-powered vehicles has become irreversible. Now the question is whether the supply chain is ready for this shift. Key components - the high-powered lithium-ion battery and the cells which go with it, the electric motor, and the electronics powered by chips - account for nearly 60 per cent of the cost of an EV.
The period of advance booking under the Tatkal Scheme is being reduced from the current 5 days to 2 days. Tatkal tickets will be made available destination-wise instead of from end to end thereby reducing the financial burden on passengers.
Priyanka Gandhi Vadra released the Congress' manifesto for Uttarakhand on Wednesday promising to reserve 40 per cent jobs for women in the police department, jobs to four lakh people, and creation of a 'tourism police' force.
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