Automobile retail sales in India rose to a record high in November, aided by the best ever monthly performance across passenger vehicle and two-wheeler segments, dealers' body FADA said on Wednesday. The overall retail sales stood at 28,54,242 units last month, 18 per cent higher over 24,09,535 units in November 2022. Passenger vehicle (PV) retail sales rose to 3,60,431 units as compared to 3,07,550 units in the year-ago period, registering a growth of 17 per cent.
Bajaj Auto's market capitalisation (market cap) hit Rs 2 trillion mark for the first time. The stock of the two and three-wheeler major rallied 6 per cent to hit a new high of Rs 7,420 on the BSE in Tuesday's (January 9) intraday trade after its board approved Rs 4,000 crore share buyback at Rs 10,000 per share. The stock ended the day at Rs 7,093.75, up 1.55 per cent and its market cap a shade above Rs 2 trillion.
'In FY23, PV sales are expected to end the year at a record 3.8 million units, up 26 per cent. In FY24, however, the industry is expecting 5-7 per cent volume growth'
Robin Upadhyay, 48, a resident of Meerut in Uttar Pradesh, claimed to have worked in many multinational companies for over 25 years, they said.
RediffGURUS Ashwini Dasgupta, Anu Krishna, Dr Karthiyayini Mahadevan and Jinal Mehta answer queries from Rediff readers.
The ED officers are conducting raids at 15 places in the state during the day and Sajahan's house is one of them, an officer said.
A comparison with the first quarter of 2019 indicates that even without the coronavirus situation, the box office moolah would have lagged in comparison.
West Bengal Chief Minister Mamata Banerjee was injured when the helicopter in which she was flying made an emergency landing at the Sevoke air base near Siliguri in the northern part of the state due to bad weather on Tuesday afternoon, officials said.
India's biggest non-bank finance company, Bajaj Finance (BAF), is set to raise capital after a gap of four years. On October 5, the board of directors will meet to approve the fund raise by way of preferential issue and/or qualified institutional placement (QIP) subject to regulatory and shareholder approvals. The move, analysts said, comes ahead of expectations, and could be in the wake of simmering competition in the consumer lending space, especially with the launch of Jio Financial Services (Jio Fin). "While we still do not have finer details on the game-plan of Jio Financial, it has plans to initially foray into consumer and merchant lending.
West Bengal Chief Minister Mamata Banerjee on Wednesday urged people to celebrate the Hanuman Jayanti festival peacefully, and said while religion is a personal choice, festivities were an occasion for all to join in.
The resolution under Rule 169 was tabled in the assembly, proposing to observe Poila Baisakh, as "Bangla Diwas" and Nobel laureate Rabindranath Tagore's Banglar Mati, Banglar Jol (Bengal's soil, Bengal's water) as the state song.
According to the Pentagon report, the PLA is creating options for dissuading, deterring, and defeating external intervention in the Indo-Pacific region.
Domestic automobile retail sales rose 10 per cent in June driven by sales growth across various segments, including passenger vehicles and two-wheelers, automobile dealers body FADA said on Thursday. Total retail sales last month rose to 18,63,868 units from 17,01,105 units in the year-ago period. Passenger vehicle retail sales increased 5 per cent to 2,95,299 units as against 2,81,811 units in June 2022.
The governor had opened a 'Peace Room' at the Raj Bhavan to address violence-related complaints from people in districts during the recently held panchayat elections.
Retail sales of automobiles in India grew 8.31 per cent in August this year on the back of increase in registrations of vehicles across all major segments, automobile dealers' body FADA said on Thursday. As per data released by the Federation of Automobile Dealers Associations (FADA), total vehicle retail sales in the country stood at 15,21,490 units last month as compared to 14,04,704 units in August 2021. Passenger vehicles (PV) retail sales stood at 2,74,448 units as compared to 2,57,672 units in the year-ago month, a growth of 6.51 per cent.
Auto Expo 2023 may not trigger a fresh rally in automobile stocks, say analysts, as this year's edition lacks participation from major listed players. It is also owing to the focus on electric vehicles (EVs), a segment where four-wheelers have minuscule market share. "In the passenger vehicles (PV) segment, Maruti Suzuki India and Tata Motors are the only listed players.
September 13 is the last date to apply for the Common Admission Test 2023. I always recommend to do the registration early on.
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Investors should await consistent growth metrics before looking at an investment in the company.
This is the sixth of seven ships built under 'Project 17 Alpha' for the Navy. The first five ships of the project were launched between 2019 and 2022.
This takes the total number of apprehended persons in this case to nine, a police officer said.
Leader of the Opposition in West Bengal assembly, Suvendu Adhikari of the Bharatiya Janata Party, on Monday claimed that he was not invited to President Droupadi Murmu's civic reception on Monday evening.
West Bengal Governor Dr CV Ananda Bose on Friday said that political violence in the state must come to an end, after visiting Bhangore, where supporters of two political parties clashed a day before leaving three dead.
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In an online chat with readers, Capt Partha Samai, group head of Human Resources at AGS Transact Technologies shared tips on how to crack a tough job interview.
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The sharp increase in commodity prices on account of the Russia-Ukraine war has put automakers in a fix. After the frequent price hikes in the current fiscal, manufacturers fear that any more price increases may further dent the already weak demand in certain segments. "We have taken several hikes and cannot immediately do it again. "We will have to closely watch the situation and act accordingly," said an official at an auto firm, declining to be identified. Even for companies like Tata Motors Passenger Vehicles, which has had a strong volume run and a robust order book, passing on the entire costs has been tough.
Miss World 2024 will be crowned in India soon. Long before Aishwarya Rai and Priyanka Chopra, Yukta Mukhey and Diana Hayden, a beautiful woman from Bombay was crowned Miss World. In 1966. Reita Faria was India's first Miss World. Vaihayasi Pande Daniel/ Rediff.com met the 80 year old in Dublin recently, still as elegant, still as attractive as she was all those years ago.
The SEC, which held a meeting on Sunday evening, went through reports of vote-tampering and violence which affected polling in many places, and passed the order, an official said.
A police team from Purba Medinipur district also visited neighbouring Odisha in search of the absconding factory owner.
Rescue officials confirmed casualties in the incident, claiming to have already recovered 5 bodies from the heap of debris where the cracker manufacturing unit once stood.
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What has hit sentiment further is a draft proposal by the government to increase vehicle insurance premiums for financial year 2022-23 (FY23). Third-party motor insurance premiums have not been increased over the last two years and if this is approved, insurance costs for specific segments could rise by a fifth. The worst impacted is the 350cc and above two-wheeler segment, where premiums are up 21 per cent. Royal Enfield (Eicher Motor) is the market leader in the segment. The premiums in the 150-350cc two-wheeler category are also being inc
Fresh incidents of stone-throwing by unidentified people on police personnel, deployed in Howrah's Kazipara area which witnessed violence over the Ram Navami procession on Thursday, triggered tension in the area on Friday afternoon, an officer said.
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He played 26 of the 36 balls in the powerplay overs scoring just 11 runs!
He referred to the top court's 2022 judgement in the Vijay Madanlal Choudhary case and said it had held that ED officers are not "police officers".
CV Ananda Bose on Wednesday took oath as the new governor of West Bengal.
Questioning the team's authority headed by a former Patna high court judge, Banerjee pointed out that Ram Navami processions organised by the Bharatiya Janata Party had carried arms and driven tractors and deliberately taken routes where 'Namaz' was being offered.
The 23-year-old, who has suffered nine previous concussions, is expected to be among the contenders to open the batting against England with David Warner.
The impact of the explosion "was so massive" that the factory, which was being run from a residential building, collapsed, the police said.
