Company managements need to "curtail the kind of expenditures on themselves personally" with the COVID-19 pandemic highlighting the need to build internal resources with a frugal style of functioning, Maruti Suzuki India chairman R C Bhargava said on Tuesday. Addressing shareholders in the company's annual general meeting held virtually, he also termed as "a good development for the whole of industry" recent shareholder actions that did not approve expenditures by management on themselves, without specifying details. In the wake of the pandemic, building internal resources has to become a priority of industry and companies.
The changes if legalised would have a detrimental effect on the functioning of Indian tech companies in the US and also small and medium-sized contractual farms in the IT sector, which are mostly owned by Indian Americans.
Top losers in the Sensex pack included IndusInd Bank, Yes Bank, SBI, L&T, Tata Steel, M&M, Bajaj Finance, Vedanta, Tata Motors and RIL, tumbling up to 6.97 per cent.
Auto sector cheers RBI rate cut as 'festival gift'
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'Kindly advise about the following stocks. Can I hold or exit?'
According to the data released by Society of Indian Automobile Manufacturers (SIAM), domestic car sales in October this year stood at 1,59,036 units as compared to 1,63,199 units in the same month of 2013.
The electric vehicle market in India needs a policy push that goes beyond targets, says Vandana Gombar.
This is, say tax experts, the first time that a car race circuit has been held to be the permanent establishment of an assessee.
Sales of commercial vehicles rose 8.59 per cent to 56,140 units in September, SIAM said.
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'If you behave like a nail, the adversary will behave like a hammer.'
Modi is ranked fifth on the 2015 roster of 'World's Greatest Leaders' with Satyarthi coming in at the 28th spot.
Sales of commercial vehicles were up 11.45 per cent to 56,840 units in December 2015.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Company signs MoU with state for its three-year plan; ties up with Subhash Ghai firm for content creation
One can see the scale of recalls going up as the market expands.
'Online aggregators offer discounts of 70% to 75%.' 'At a car dealership, the discount is usually in the range of 30% to 35%.'
Fadnavis had a series of very productive meetings with American CEOs
If IOC is not allowed to run its own affairs, then we can see it close down in the next 10 to 15 years, warns Sudhir Bisht.
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Auto firms have reported a good jump in sales for the month of December
A multi-layered security cover has been put in place to secure the historic Red Fort from where Prime Minister Narendra Modi will address the nation on the 75nd Independence Day on Sunday.
Dairies, milk plants, grocery shops, chemists and petrol pumps, ATMs, e-commerce services of essential items like food and medicines will remain open, he said.
The intrusions into India were likely carried out by the PLA's better trained and equipped 'mobile operational units'.
Firms in which IP is critical, such as pharma and research and knowledge-based organisations, were taking the lead in seeking cyber covers to protect their computer systems from hack attacks
After the Chennai floods, insurance companies had got 50,000 claims worth Rs 4,800 crore.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The devastation caused by the current deluge has damaged hundreds and thousands of homes and vehicles.
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Today, apologies by CEOs of global corporations have become so common that you get case studies on the subject.
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Don't panic if your car is stolen because your insurer is liable to pay the full amount as compensation, but you need to keep in mind that your claim should be genuine because most of the insurers try to avoid such claims, says Harjot Singh Narula
With inflation down, the government's twin deficits are largely under control.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A homoeopathic state of mind pervades our thinking in governance and infrastructure-building. Do it in small, harmless doses, but nothing bitter, sharp, or bloody, says Shekhar Gupta.
Massive crowds thronged liquor stores, more vehicles plied on roads and cab-hailing platforms resumed services as India entered the third phase of the lockdown on Monday with further easing of curbs except in containment zones in the shadow of the highest rate of recovery yet from coronavirus.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
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