While Renault reported an over 12 per cent decline in sales and lost market share, Market leader Maruti Suzuki grew over 19 per cent.
Indians are more vulnerable to technology support-related scams compared to the global average, and lost over Rs 15,000 on average in such scam, a Microsoft research has found. According to the 2021 Global Tech Support Scam Research report, which looks at tech support scams and their impact, consumers in India experienced a relatively high scam encounter rate of 69 per cent during the past 12 months, close to the 70 per cent rate experienced in 2018. In contrast, there was an overall five-point drop in scam encounters globally with a rate of 59 per cent over the same period. The survey was conducted in Spring 2021 and asked consumers to share their experiences with tech support scams for the year prior (January 2020 to present).
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
The once-powerful Japanese major is left with little to show in the face of sustained competition from rivals.
While demand for hair care products is increasing in both rural and urban markets, urban consumers have proven to be more extravagant, reports T E Narasimhan.
Roughly 70 per cent of the country's car owners may cringe at the rise in fuel prices, but the rising cost of petrol and diesel does not appear to have put the brakes on the market for luxury cars, even though they deliver a measly mileage in single digits. Till April, sales of luxury cars, defined as those costing Rs 40 lakh and more, touched 4,000 units the same as the number of cars sold for the whole of 2007.
Trade tensions between India and the US have been rising with President Donald Trump complaining that tariffs imposed by New Delhi on American products were "no longer acceptable".
ignio has more than 75 patents filed in the artificial intelligence, machine-learning and intelligent-automation space
FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country. The government has put in place an investor-friendly policy on FDI, under which investment up to 100 per cent is permitted on the automatic route in most sectors/ activities. At $ 64.37 billion, FDI in 2018-19 is the highest ever investment received for any financial year.
Driven by robust demand, the domestic automobile industry is expected to maintain double-digit growth for the third consecutive calendar year, growing 17 per cent in 2006.
The new car, which would come in four variants and two options, is priced between Rs 2.57 lakh and Rs 3.53 lakh.
We recently got our hands on Nokia's upcoming flagship Symbian^3 device, the Nokia N8, which is due to release at the end of September. A hands-on preview to whet your appetite.
The author meets the brains behind Unocoin, the first Indian Bitcoin exchange and merchant processor in India to have raised international funding.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
For the first time in seven years the prime minister finds himself at his most vulnerable, observes Virendra Kapoor.
UN economists announced a likely USD 50 billion drop in the worldwide manufacturing exports in February alone as the extent of the damage to the global economy caused by the novel coronavirus (COVID-19) moved further into focus. Citing the China Manufacturing Purchasing Manager's Index (PMI), Pamela Coke-Hamilton, who heads UNCTAD's Division on International Trade and Commodities, said that it had fallen to 37.5 -- a drop of about 20 points -- the lowest reading since 2004. "This also correlates directly to exports and also implies a two per cent drop in overall exports," she said, with a resulting "ripple effect" worldwide "to the tune of a USD 50 billion fall in exports."
Chipmaker Intel, which last week announced a partnership with watches and fashion accessory retailer Fossil Group to develop wearable devices, is scouting for manufacturers to launch such devices in India.
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
Country's largest carmaker Maruti Suzuki India (MSI) on Monday reported 8.7 per cent increase in total sales in February.
Component makers don't see any recovery yet, but manufacturers believe the end of poor sales is nearing its end.
'We've seen tremendous traction from fruit and vegetables.' 'Around 18% of our business comes from these, almost three times higher than physical stores.'
India is the first country to launch the second generation Amaze and the car has been developed considering the needs and aspirations of Indian customers
The Indian auto industry witnessed contrasting fortunes in the domestic sales of cars and motorcycles in August with the former continuing in the double digit growth path, while bikes slowed down to just 3.43 per cent.
Reliance reported record pre-tax profit from its retail and telecom businesses. The two now account for nearly 32 per cent of EBITDA, up from close to 25 per cent previously.
In Parekh, an IIT-Bombay and Cornell University alumnus, Infosys may have finally found a person who will grab the market opportunity with good execution.
She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
The trade deal, officials say, can lead to an effective trading bloc against the China-led Regional Comprehensive Economic Partnership.
As the excise duty cut for small cars spurred demand, market leader Maruti Udyog Ltd on Monday reported a 15.7 per cent increase in total sales at 63,196 units in March
Although residential sales faced a major set back in Q2, they made a comeback with help of pent up demand.
The trend in corporate earnings suggests that index earnings could fall to the levels last seen in early 2014.
Rajesh Bhayani highlights all that you need to know about the online currency.
Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear
Car makers are cautiously optimistic, even as two-wheeler firms are clearly upbeat.
So far in the first nine months of 2014, Mercedes Benz India has sold 7,529 units, up 16 per cent from the same period last year.
Xiaomi now a lifestyle player, quietly launching a slew of non-smartphone products like Mi branded luggage, backpacks, apparel, U-shaped pillows, pens, home security cameras and air purifiers.
The company expects net proceeds of Rs 53,036.13 crore from the rights issue that opens on May 20 and closes on June 3.
'Beijing is comfortable with Hasina's pragmatism -- perceived as 'pro-India', but staying out of Indian orbit and receptive to forging close ties with China and yet, siding with neither neighbour,' says Ambassador M K Bhadrakumar.
Net sales during the reported quarter rose to Rs 20,594.3 crore, up 14.4 per cent against the year-ago period.
