A weak dollar in overseas market boosted the rupee sentiment
Honda Motorcycle is on a roll, launching new motorcycles now and then. The Japanese automaker plans to take the numero uno position from Hero MotoCorp by 2020 in the Indian market and is planing a slew of launches in the coming years. One such motorcycle to be launched in India next year is the Honda CRF250L.
Overall forex market sentiment remained cautious
If the US President is the master of awkward handshakes, the Indian Prime Minister has cornered the market on awkward hugs. Which one will it be when the two meet?
Comment by SoftBank board member sets off talk of Ola-Uber merger.
Honda Cars India Ltd would be able to manufacture only 4,000-5,000 units of Amaze per month this year as its limited by the current production capacity, company's senior vice-president (sales and marketing) Jnaneswar Sen said at the car's launch in the city.
Prius is priced between Rs 26.55 lakh and Rs 27.86 lakh.
In a filing to the BSE on Monday, Maruti Suzuki India said Suzuki Motor Corporation's stake in MSI has increased to 56.2 per cent from 54.2 per cent due to a share swap agreement with the domestic car market leader to acquire Suzuki Powertrain India Ltd.
The Renault-Nissan alliance currently employs around 8,000 workers at its Chennai plant
Its Android-based camera has created a stir.
SRK's Om Shanti Om is set to release in Japan on March 16 -- just over a month before Salman's Ek Tha Tiger opens in Japanese theatres.
Japanese two-wheeler major Yamaha on Tuesday launched its new commuter segment motorcycle -- YBR 110, in the Indian market, priced at Rs 41,000 (ex-showroom, Delhi).
Extending losses for the second straight session, the rupee slipped by 11 paise at 66.54 against the US dollar.
The domestic currency had lost 44 paise in the previous two days.
The home currency failed to keep momentum going and largely traded in a narrow range with positive bias in the absence of any market moving factors
On Tuesday, the rupee closed lower by 13 paise at 67.27.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
While farmers in Gujarat are rejecting the compensation package, farmers in Maharashtra say they do not wish to part with their land for a project that largely benefits Gujarat.
The domestic currency has tumbled by 104 paise, or 1.63 per cent, in last six trading days.
Chinese equity prices have remained immune to the erosion in investor confidence witnessed at other centres.
Increased demand for the American unit from importers weighed on the rupee
But will this dilute Bajaj's strong Indian identity that straddled the rural-urban markets and the Hindi-English divide quite easily?
Apart from considering a sports utility vehicle on its premium hatchback Jazz platform, using the same 1.5 litre engine that will power the entry level sedan Amaze, R&D officials of the company said they are also working on smaller diesel engines keeping in mind the Indian market.
'While economic ties are making incremental progress, it is in the security and strategic domains that the India-Japan synergy is more compelling,' says Dr Rajaram Panda.
The company aims to follow the government's push for environment-friendly vehicles by driving in models with green technologies.
The rupee had gained 28 paise against the American currency to settle at nearly two-month high at 66.74 in Monday's trade.
Kizashi, Suzuki's first entry into the all-wheel-drive sport sedan segment, arrived in dealer showrooms of North America in December last year and the company has so far sold about 300-400 units in the country.
The rupee is under pressure for the past one week.
Forex dealers said besides dollar's gains against other currencies, fresh demand for the American unit from importers and a weak opening in the domestic equity market put pressure on the rupee.
Reliance Capital on Wednesday said it has got approval from the Indian market regulator Sebi and the Monetary Authority of Singapore (MAS) for Rs 1,450-crore (Rs 14.5 billion) stake sale in its mutual fund business unit to Japan's Nippon Life.
Weakness of the dollar against other currencies overseas gave the rupee more muscle.
Lower dollar in the overseas market also boosted the rupee value
The midcap space in the US is red hot. The Russel 200 Index that represents 2000 names in the US midcap space closed the week at 905.24. Recall, the same index topped at 856 in the bull market that ended in 2007. So in fact the midcap index has already made a new high some 5.7 pc over the 2007 peak, says Sonali Ranade
In forward market today, premium for dollar declined on sustained receivings from exporters.
The rupee ended marginally lower by three paise at 66.36 against the US dollar.
Dramatic decline in customer demand which is affecting all car makers has forced the Sunderland Plant to implement measures to adjust volume in line with the market.
Though Hero still leads by a wide margin in annual and monthly sales, for the first time, Honda has considerably bridged the sales gap with the Pawan Munjal-led firm in April lagging only by 12,134 units
What sets 2018 apart from previous years is the magnitude of the shocks that hit our brand ecosystem, says Bharat Bambawale.
