Auto companies are now grappling with a slowdown in sales, triggered by pent up demand due to the COVID-led lockdown easing a bit and supply-side issues for raw material.
Firm sticks to guns while the staff looks at 'sterner' measures.
Italian Valentino Rossi emerged triumphant in the Argentine MotoGP Grand Prix despite a clash with World champion Marc Marquez in the second-last lap which saw the Spaniard crash out.
The broader NSE Nifty rose 32.15 points or 0.29 per cent to settle at 11,284.30.
Pakistan's Supreme Court Chief Justice Iftikhar Chaudhry on Monday took suo moto notice of the devastating bomb attack in a Shia-dominated area of Karachi that killed 48 people and sought reports on the incident from police and government officials.
The biggest gainers in the Sensex pack in Friday's session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent. The losers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and Sun Pharma, falling up to 1.55 per cent.
A summary of sports events and persons who made news on Monday
According to traders, Chief Economic Adviser Subramanian's comments practically ruling out a stimulus package for the economy weighed on investor sentiment.
Top gainers in the Sensex pack included Sun Pharma, TechM, Axis Bank, L&T, Reliance Industries and ICICI Bank, which rose up to 2.66 per cent.
'Zero Day' visitors like Maruti Suzuki, TVS, Tata Motors, Hero MotoCorp, Ashok Leyland and Bajaj Electricals are visiting fewer campuses.
In the Sensex pack, Sun Pharma was the biggest gainer, rallying 4.48 per cent, followed by Bajaj Auto, Tata Motors, Coal India, Hero MotoCorp, Maruti and HCL Tech, rising up to 3.01 per cent. While, RIL, PowerGrid, HDFC, L&T, IndusInd Bank, NTPC and Bajaj Finance declined up to 1.50 per cent.
The Italian bike chassis maker, Pierobon has unveiled updated version of their X60R superbike which they had first showcased a year back.
The International Hockey Federation (FIH) signed a major sponsorship deal with two-wheeler giant Hero MotoCorp for all events of the world body to be held in India in the next four years.
Two wheels and an open road. Biking during Coronavirus Days.
Dealers attribute the sluggishness in sales to distress in rural India as well as tepid sentiment in urban markets.
A case has been registered for offences under the Indian Penal Code including creating enmity between different groups of people against the woman, identified as Arudra, they said.
Tata Steel and Axis Bank were among the top gainers in the Sensex pack, surging up to 6.67 per cent following their March quarter results.
During the day, doctors completed the first round of dialysis to improve his kidney function and normalise his urine output, the GMCH superintendent told reporters.
Uber CEO Dara Khosrowshahi says the younger generation doesn't dream of owning a car, but instead wants the freedom of having any service on demand.
The nearly 1,200 permanent workers, under the aegis of Hero MotoCorp Workers Union, are observing silent protest by wearing black badges and not taking tea and snacks provided by the company to press for their demand.
The BJP demanded an apology from Gehlot.
Sluggish corporate earnings, lacklustre global markets, FPI and slowdown concerns have played spoilsport for the markets.
India's richest businessman, Mukesh Ambani is ranked at 33 with a salary of Rs 15 crore (Rs 150 million) annually.
Italian great Valentino Rossi has not ruled out a return to MotoGP in Spain this weekend, three weeks after breaking his right leg, after getting back on a bike for some test laps on Monday.
With entry-level cars being preferred amid the pandemic, market leader Maruti Suzuki has strengthened its hold, along with Hyundai Motor India.
After splitting with Honda, the company is working on developing it own intellectual property.
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
Passenger vehicle wholesales in India rose by 14.16 per cent in August to 2,15,916 units, driven by pent-up demand, industry body SIAM said on Friday. According to the latest data by the Society of Indian Automobile Manufacturers, passenger vehicle wholesales stood at 1,89,129 units in the same month last year.
Bajaj Auto on Wednesday claimed its entry-level bike Discover has displaced Splendor of rival Hero MotoCorp as the largest selling motorcycle in the world based on sales in September.
The broader NSE Nifty sank 252.55 points, or 2.14 per cent, to 11,558.60.
Two-wheeler firms' profits to slow down following a double-digit decline in sales.
Top gainers in the Sensex pack included ONGC, HDFC, Bharti Airtel, Infosys, Maruti, HCL Tech, Mahindra and Mahindra, HUL, TechM and SBI -- rising up to 2.89 per cent.
In the Sensex pack, gainers included HCL Tech, SBI, ITC, Bharti Airtel, Sun Pharma, Yes Bank, Axis Bank, TCS, Asian Paints, ICICI Bank, TCS, Bajaj Finance and Infosys, jumping up to 3.84 per cent.
Rediff.com's Rajesh Karkera and Hitesh Harisinghani bring you all the exclusive action from Greater Noida.
Summary of sports events and persons who made news on Tuesday
The Pune-based company sells the Platina and CT brands in the entry-level - 100-110cc - segment.
Pawan Munjal, MD & CEO, tells Business Standard that Hero Motor is firming up distributors abroad and considering assembly bases in some countries to sell a million units outside India by 2017.
Top gainers in the Sensex pack included Tata Steel, Kotak Bank, NTPC, HDFC twins, PowerGrid and ONGC, rising up to 4.60 per cent.
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