Automobile (auto) retail sales in India grew by an impressive 14 per cent in July compared to the same period last year, driven by a surge in the rural economy, good product availability, and product launches. While passenger vehicles (PVs) saw a 10 per cent increase during this period, inventory levels have surged to a historic high of 67-72 days in PVs, equating to Rs 73,000 crore worth of stock, according to the Federation of Automobile Dealers Associations (Fada). This poses a risk to dealer sustainability. Inventory levels in July 2023 were only 50-55 days, equating to a stock worth Rs 49,833 crore. In June 2024, inventory was between 62 and 67 days, with a stock value of Rs 60,000 crore.
Mutual funds' largecap investment universe is expected to see seven changes in the upcoming stock reclassification exercise by the Association of Mutual Funds in India (Amfi). According to a report by IIFL Securities, Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals, Bosch and Samvardhana Motherson are expected to earn upgrades in the revised list of largecap, midcap and smallcap stocks set to be released in the first week of July. Amfi revises the list at the start of January and July every year based on the previous six-month performance of the stock.
'General Paddy was amongst the last line of generals who stood by his convictions and brooked no interference in matters which were his domain.' Lieutenant General Zameer Uddin Shah (retd) salutes his former chief who passed away on August 19.
It has been seven months since the iconic motorcycle manufacturers, Harley-Davidson and Triumph, embarked on their journey in India with the backing of partners Hero MotoCorp and Bajaj Auto. According to data shared by the Indian majors, both brands are already creating ripples in the above 350cc category. The increase in sales has prompted a ramp-up in production and even the doubling of retail touchpoints for one of them.
In addition to new launches and restructuring across product segments, festival demand also aided growth.
The Trishakti Corps Infantry and Mechanised Infantry Battalion conducted a training exercise for its Anti Tank Guided Missile at a super-high altitude of 17,000 feet in Sikkim on Thursday, April 11, 2024.
'It is in the interest of China and Pakistan to give a bad name to the Indian Army and remove AFSPA 'completely' from the north east.' 'Hopefully, better sense will prevail and the ground realities of the army countering insurgency in the north east acknowledged,' asserts Lieutenant General Prakash Katoch (retd).
India and China on Wednesday held 'constructive' and 'forward-looking' diplomatic talks to resolve the over four-year border standoff along the Line of Actual Control (LAC) in eastern Ladakh but there was clear no indication of any breakthrough.
Thousands of workers of every description -- from journalists to steel workers, from painters to New York cops, from auto to engineering workers -- marched for two hours down 5th Avenue one of Manhattan's most iconic thoroughfares, reports Jyoti Punwani.
General Syed Asim Munir is now firmly ensconced as army chief after the May 9, 2023 upheavals, which were planned by Imran Khan's supporters to destabilise him, asserts Rana Banerji, who headed the Pakistan desk at RA&W.
The DGP, along with additional director general of police (law and order) Vijay Kumar and Jammu zone additional director general of police Anand Jain, visited Jammu-based White Knight Corps and interacted with General Officer Commanding Lt Gen Navin Sachdeva, the army said.
Their role would range from probing rape and molestation cases to assisting the Army wherever required.
Social media giant 'X' Corp has told the Delhi high court that a direction to remove from all countries posts considered defamatory by journalist Rajat Sharma would be contrary to international law and principles of comity of nations and encroach upon the sovereignty of all other countries.
Chinese Foreign Minister Wang Yi has expressed readiness to join hands with India's National Security Advisor Ajit Doval to "properly handle" issues related to the situation on the ground in the border areas, amid the protracted border row in eastern Ladakh.
Chief of Staff of the Iranian Armed Forces, Sardar Bagheri, has said that the military operation against Israel has 'concluded' from Tehran's side, while issuing warning that if the United States helps Israel in their possible next actions, their bases will 'not have any security', and will be dealt with, according to CNN.
The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers, auto industry leaders said on Tuesday.
The National Security Strategy document should flag all major issues concerning security strategy and provide guidelines to concerned departments to work out suitable action plans. Since the global and regional geopolitical canvas is dynamic, the NSS document should be deliberated at length before formulation and should be reviewed periodically, recommends Commodore Venugopal Menon (retd).
The Indian Army's Trishakti Corps rescued 1,217 tourists stranded due to snowfall and inclement weather in East Sikkim.
A provision has been made for relaxation in the upper age limit and exemption from the Physical Efficiency Test in the recruitment to the post of constable (general duty) and rifleman in the CAPFs and Assam Rifles for ex-Agniveers, Minister of State for Home Affairs Nityanand Rai said in response to a written question.
President Droupadi Murmu on July 5, 2024 conferred 10 Kirti Chakras, including seven posthumously, to personnel of the Army and paramilitary forces for displaying indomitable courage and extraordinary valour in the line of duty.
The 92-year-old is set to marry Zhukova, 62, on June 1 in a ceremony on his California vineyard and estate, Moraga, according to The Hollywood Reporter.
X claimed that the video in the social media posts which Sharma seeks to remove from its platform matches with his channel India TV's own livestream and is prima facie "authentic".
The company will utilise this time to carry out maintenance work at its manufacturing plants.
This is the third investment by News Corp in India.
Xu, 60, is expected to travel to New Delhi soon to take over his new posting.
The two-wheeler segment has shown signs of recovery in the first half (H1) of calendar year (CY) 2024, largely driven by improving performance in rural areas. According to the Federation of Automobile Dealers Associations, rural contribution to two-wheeler sales surged by 57-60 per cent in the April-June quarter of 2024-25, indicating a rising demand in these regions. Experts believe that this trend will continue, supported by a favourable monsoon season and government initiatives aimed at rural development.
'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
Khan, 71, has been lodged at the Adiala Jail in Rawalpindi on account of multiple cases against him.
In appointing Lt Gen Dwivedi, the government followed the seniority principle.
The Jaishankar-Wang talks came amid the dragging border row in eastern Ladakh that entered its fifth year in May.
The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year. This is significantly lower than the estimated Rs 1.75 lakh crore budgeted for 2021-22. In the revised estimates, the target for 2021-22 has been cut to Rs 78,000 crore.
The ongoing fourth quarter earnings season, global factors and macroeconomic data would guide the trends in the equity markets this week, analysts said. Markets would also take cues from trading activity of foreign investors, rupee-dollar trend and movement of global oil benchmark Brent crude. "Domestically, the next batch of Q4 earnings reports will drive stock-specific movements, Hero MotoCorp, Larsen & Toubro, BPCL, State Bank of India, Eicher Motors and Tata Motors are some of the big names in the list and the next phase of voting," said Pravesh Gour, senior technical analyst, Swastika Investmart Ltd.
Official sources in India said it is in touch with Iran to secure the release of 17 Indians.
'It was a war-like situation, but instead of enemy fire, we fought against the vagaries of nature,' says Major Seeta Shelke.
President Droupadi Murmu conferred 26 Shaurya Chakras (seven posthumous) to personnel of the armed forces, Central Armed Police Forces and state/Union Territory Police during a defence investiture ceremony.
'There cannot be anyone like Air Marshal Keelor -- he was so difficult to emulate.' Air Commodore Nitin Sathe (retd) salutes War Hero Air Marshal Denzil Keelor PVSM, KC, AVSM, VrC who passed into the ages last month.
'With continued focus on votes, upcoming by-polls and purchasing politicians, the political hierarchy has little time for national defence.' 'They would do well to heed a veteran scholar, who says, "There will be war with China in the next few years. The next full scale war will have the involvement of Pakistan and terror elements, insurgents and intelligence assets operating inside India",' warns Lieutenant General Prakash Katoch (retd).
Major Srishti Khullar will lead the first-ever all-women contingent from the Armed Forces Medical Services at the Republic Day parade.
Gen Dwivedi, who has vast operational experience along the frontiers with China and Pakistan, was serving as the Vice Chief of the Army.
In one of the worst natural disasters in Kerala, at least 123 persons were killed and 128 injured in massive landslides triggered by torrential rains in Wayanad on Tuesday. With hundreds trapped under the debris, sparking fears of mounting fatalities, rescue agencies were racing against time to pull out any survivors.
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