Dempo Sports Club scored an emphatic 3-1 win over bottom placed Sporting Clube de Goa to regain the top spot in the 11th round I-League match at the Nehru Stadium, Margao, on Sunday.
Leading carmakers Maruti Suzuki and Hyundai witnessed a double-digit drop in sales in October on account of the global semiconductor shortage impacting production. Kia India, Honda Cars and MG Motor also saw a fall in dispatches last month as compared with October 2020. However, companies like Tata Motors, Mahindra, Nissan and Skoda managed to post positive numbers last month despite the supply chain challenges.
The contribution from asset management companies (AMCs) has surpassed the Rs 3,000 crore target for the creation of a Rs 33,000 crore backstop facility for debt mutual funds (MFs). The initial corpus for the Corporate Debt Market Development Fund (CDMDF) is nearly Rs 3,100 crore, according to multiple government officials and AMC executives. "The fund is operational now. "The required corpus has been raised by AMCs and the remaining part (Rs 30,000 crore) is in the form of a guarantee from the government which will be activated only in case of a credit event," explained D P Singh, joint CEO and deputy MD, SBI MF.
Ola Electric on Thursday teased five new electric motorcycles that the SoftBank-backed company is working on, announcing the range after selling electric scooters. The products are labelled cafe racer, an adventure tourer, a scrambler and a naked motorcycle. The motorcycles are expected to be launched next year and would include premium and mass-market versions, said sources.
Dempo Sports Club began their season with a comprehensive 4-1 win over Air India while defending champions Mahindra United were held to a goalless draw by new I-League entrants Lajong FC in the 122nd ONGC Durand Cup football tournament in Delhi on Monday.
Odafe Onyeka Okolie banged in four goals as Churchill Brothers trounced a hapless Hindustan Aeronautics Limited, Bangalore 7-0 at Yuba Bharati Krirangan (YBK) at Salt Lake on Wednesday to set up a Goan derby against Dempo SC in the semifinals of the 30th Federation Cup.
The Q1FY24 earnings season has started on a dismal note for corporate India. The early-bird companies' revenue growth has been at a 10-quarter low, while the combined earnings of non-BFSI (banking, financial services, and insurance) companies seem to have hit the ceiling. The numbers suggest corporate India is entirely dependent on BFSI companies and the IT services sector to drive growth in revenue and profit while other sectors are showing signs of stagnation.
Kinetic Engineering (KEL), the makers of the iconic Luna two-wheelers in the seventies, will soon start producing components for an electric version of the moped. Pune-based Kinetic said in September that Luna would make a comeback in an electric avatar. The electric Luna, or E-Luna, will be launched by KEL's sister company Kinetic Green Energy and Power Solutions.
Churchill Brothers held their nerve to prevail over Sporting Clube de Goa 3-0 via the penalty shoot-out and set up a title clash with Mahindra United, in the 121st Osian's Durand Cup in New Delhi on Friday.
Schools closed for a day, crops damaged; more downpour on cards
Honda Cars India is recalling a total of 1,338 units of its premium sedan Accord and sports utility vehicle CR-V manufactured between 2002 and 2003 to replace a faulty part in the passenger side airbags. The recall, which is part of Honda's global recall regarding the potential defect related to passenger air bag announced in June 2014, would cover 1,085 units of Accord and 253 units of CR-V.
Electric vehicle retail sales in the country witnessed over three-fold jump last fiscal with two-wheeler offtake leading the segment, according to data compiled by automobile dealers' body FADA. Total electric vehicle (EV) retails reached 4,29,217 units in 2021-22, a rise of three-fold from 1,34,821 units in the financial year 2020-21, the industry body said. Total EV sales had stood at 1,68,300 units in the 2019-20 fiscal, it noted.
Goa's Churchill Brothers won their maiden I-League football crown after defeating Mohammedan Sporting 6-2 in the last round of matches at the Nehru Stadium in Fatorda, Goa, on Thursday. They finished with 46 points, three more than their closest rivals Mohun Bagan, who were defeated by Mahindra United 2-1 in their last match. Sporting Clube de Goa were third, Dempo fourth and Mahindra United fifth. Odafa Okolie (26 goals) emerged the top scorer of the tournament.
Brazilian Carlos Roberto Silva has been named chief coach of the team for the 2007-08 season.
The recall will cover cars manufactured between 2008 to 2012 that use safety airbags made by its supplier Takata
Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
The government is working on a recall policy.
Sporting Clube de Goa are now on par with league leaders Mahindra United and Mohd Sporting with 10 points each.
Mahindra and Mahindra will invest Rs 500 crore to set up a new manufacturing unit at its Nashik facility to produce multi-utility vehicle Ingenio.
Goa's Salgaocar Sports Club won the South and West Zone qualifying round of the Nike-MUPC under-15 football tournament at the Nehru stadium in Chennai on Saturday. They beat Cosmos, Tiruvallur, by a 15th minute goals, scored by Pandhari Chopdekar off a pass from Godfrey Silva.
India brightened its chances of qualifying for the AFC Under-16 football championship by beating Lebanon 3-0 at Dammam in Saudi Arabia on Thursday.
The celebrated Brazilian World Cup footballer said the Mahindra United striker is a true representative of Samba soccer.
A goalkeeping error in the dying minutes of the match proved fatal for local outfit Hindustan Football Club as they were beaten by the solitary goal.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Clock 11% growth in the first 11 months of 2022.
East Bengal rallied from an early deficit to beat the defending champions in the semi-final of the Federation Cup.
Indian companies realise several business opportunities ahead of International Yoga Day on Sunday
In a move towards gender inclusion, Tamil Nadu has partnered Godrej Consumer Products (GCPL) to offer a 5 per cent job reservation for LGBTQAI+ and people with disabilities at GCPL's upcoming fast-moving consumer goods manufacturing unit in Thiruporur in Chengalpattu district. According to industry experts and activists, while companies acknowledge transgender communities, this is the first time the entire spectrum of gender minorities, including lesbian, gay, bisexual, transgender, queer/questioning (one's sexual or gender identity), asexual and intersex, is receiving such a notable share of job participation in the private sector while signing memoranda of understanding with states.
'The impact of CEO transition is fairly even for stocks, with about half (53 per cent) of the events not producing any change in the relative performance of the stock.'
A 2-1 victory over cellar team Hindustan Aeronautics put the Goa team clear in the NFL race.
Only five of India's top 20 car models have seen a reduction in wait times over the past year.
Indian exporters shipping goods to Israel may face higher insurance premiums and shipping costs due to the Israel-Hamas conflict, according to experts. Israel witnessed a surprise and unprecedented multifront attack by air, land and sea by the Hamas militant group, which rules the Gaza Strip, in its southern parts on Saturday morning. The International trade experts said the conflict may reduce the profits of domestic exporters but will not impact trade volumes unless war escalates.
Goalkeeper Rogerio Ramos turned in a fine performance to enable the Goa side take a point against the National Football League defending champions.
They retained their positions at the top of the table in the 11th National Football League.
Months after Mahindra & Mahindra (M&M) exited a joint venture with Renault and Nissan Motor, the French and Japanese auto firms have got their car project back on the road, signing an MoU today with the Tamil Nadu government for a greenfield facility near Chennai.
The net debt of top eight realty firms fell 43 per cent to Rs 23,000 crore last fiscal, from around Rs 40,000 crore in 2019-20, as their cash flow improved on strong housing sales, according to Anarock. Real estate consultant Anarock noted that the unfettered demand for housing across the country has enabled the country's leading large and listed developers to reduce their debt. Anarock analysed financial performances of the top eight developers engaged in the development of residential real estate.
After four rounds and 20 matches, and the teams so well matched, it's hard to pick a clear favourite in the National Football League.
The victory took the Mumbai outfit to second position in the National Football League, behind city mates Mahindra United.
Hakim won the Santosh Trophy for Services in 1960 and continued to be a part of the squad till 1966. At club level, he played for City College Old Boys (Hyderabad) and Indian Air Force.
An 86th minute goal by substitute Milagres Gonsalves helped Salgaocar hold Mumbai's Air India to a 1-1 draw in their second round match of the ONGC I-League, at the Nehru stadium, Fatorda, Goa, on Thursday.
