Mercedes-Benz India, BMW India and Audi India have lined up over 50 new model launches as they seek to recoup previous year's loss in volumes, reports Shally Seth Mohile.
The economy is gaining traction with gradual pick up in manufacturing activity and moderation in contraction of services, spurred by comfortable liquidity conditions, an RBI article on Tuesday said. Observing that the retreat of the second wave of coronavirus pandemic has been slow, the RBI in an article on the 'State of Economy' said, the aggregate demand conditions are buoyed by the release of pent-up demand post unlock, while the supply situation is improving with the monsoon catching up to its normal levels and sowing activity gaining pace. "Reaffirming the traction that the economy is gaining, the manufacturing activity is gradually turning around, while contraction in services has moderated.
A rise in petrol and diesel consumption can help the government cut cesses on the fuels by Rs 4.5 a litre without impacting revenue collections of FY21, and help cool off the pressure on inflation, domestic rating agency ICRA said on Friday. Petrol consumption is estimated to increase 14 per cent in 2021-22 and diesel by 10 per cent on the lower base, rise in mobility and economic recovery, ICRA said. The rating agency added that it will result in an additional Rs 40,000 crore in revenue for the government through higher collections of the cess.
The two sides are also expected to explore ways to deepen defence collaboration, including exercises, defence transfers and technologies ahead of the next edition of the 2+2 defence and foreign ministerial dialogue to be held in the US later this year, they said.
60-65 per cent of the FMCG industry's overall sales come from urban areas; 35-40 per cent from rural areas.
The ISRO lost communication with the satellite when it attempted to ignite the engine in a third and final move to its desired location.
An African footballer was found dead on railway tracks on the Mumbai-Howrah route in Janjgir-Champa district of Chhattisgarh, police said.
The damaged drone was recovered in Mahawa village based on the information given by one of the four people the state police arrested on Sunday.
'She'll probably be leading some significant portfolio from the White House, the way that Vice President Biden did in the Obama White House.'
Biden, 'plotting an ambitious presidency that would begin amid twin health and economic crises, is leaning on veteran advisers with high-level governmental experience rather than outsiders and ideological rivals to help guide him on subjects including the coronavirus pandemic and the country's diminished standing in the world', a report in The New York Times said.
The Supreme Court on Wednesday directed the National Disaster Management Authority (NDMA) to issue fresh guidelines for providing minimum standards of financial help to families of those who lost their lives to COVID-19.
The recovered some "incriminating" documents and electronic evidence such as laptop, I-pad and mobile phones from Waze's office there, the official said.
Twenty-four people, most of them attending a funeral, were killed and 17 others injured when the roof of a shelter at a cremation ground in Uttar Pradesh's Muradnagar collapsed on Sunday, police said.
This is the first time that petrol sales in the world's third-largest oil importer have risen since the March 25 nationwide lockdown crippled economic activity and sent demand plummeting.
Among the key concerns of the Street is market share losses in growth segments, led by higher competitive pressures.
Component makers don't see any recovery yet, but manufacturers believe the end of poor sales is nearing its end.
The pre-owned vehicles arm of the Mahindra Group plans to add 30 outlets in a few days taking the total number to 1,000.
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
With its 10,527 cases, Mumbai now accounts for almost 63.81 per cent of the total 16,758 cases in Maharashtra.
'The prospect is of a self-confident and self-sustaining India will make it a more effective player in the global arena,' External Affairs Minister Dr Subrahmanyam Jaishankar points out delivering the Sardar Patel Lecture-2020: India and the Post-Covid World.
This is the third module of Hizbul Mujahideen outfit to be busted by the police in the valley within a fortnight.
Durable goods companies and retailers say online sales won't compensate for the fall in offline sales.
The country's largest carmaker Maruti Suzuki India (MSI) on Monday reported a 11.8 per cent increase in wholesales to 164,469 units in February. The company had sold 147,110 units in February last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales increased 11.8 per cent to 1,52,983 units last month, as against 1,36,849 units in February 2020, it added.
In a significant directive, the home ministry said that state governments shall not impose any local lockdown outside the containment zones without prior consultation with the central government.
Bhopal Mukhiya of JAK Rifles, who is posted at Uri, was taken into custody after two hand grenades were recovered from his possession during search at the main gate of the airport
"China and India will certainly see a recovery in H2-09, but high-income nations will take longer to recover from the current downturn," Jeffrey told PTI on the sidelines of Mobile World Congress in Barcelona. Noting that mobile telephony is the single most powerful transformational tool in the development, Sachs said that it is one of the fastest growing sectors currently in the world.
The NCB, which got the remand of Aryan Khan and the other eight accused from the court till Thursday, also claimed that in the WhatsApp chats he is discussing modes of payment to be done for procurement (of drugs) and that several code names are being used.
The court, in its order, noted that the investigation in the case was of prime importance and considering this aspect, the further presence of the accused before the NCB was necessary.
The nodal officer for novel coronavirus at the Rajiv Gandhi Super Specialty Hospital in Delhi has not been home for nearly five months. Duty and fear of spreading the infection among the family members kept him away.
India and Italy inked 15 pacts and finalised an ambitious action plan to further expand their ties following a virtual summit between Prime Minister Narendra Modi and his Italian counterpart Giuseppe Conte that primarily focused on ramping up economic engagement.
Raghuram Rajan, who has been pilloried by his critics for keeping interest rates high and has also been accused of stifling growth.
COVID-19 cases in the country jumped from 10 lakh to 20 lakh in 21 days, while it had taken 59 days for the cases to cross the 10 lakh-mark.
Over 2.52 lakh who were in close contacts with patients had been traced with over 1.85 lakh others still under medical observation.
It's too soon to bet that Nokia's on the road to recovery after its new Lumia smartphones were sold out in many stores across Europe and America, as retailers say supplies have been short ever since their launch.
A white powder was found wrapped in a paper close to the seat of the Leader of the Opposition Ram Govind Choudhry.
From 2.82 per cent over a month earlier, India's COVID-19 case fatality rate declined to 2.72 per cent on July 10 and has further reduced to 2.49 per cent presently.
In a statement, the Ministry of Home Affairs (MHA) said it has issued fresh guidelines for surveillance with regard to COVID-19 that will remain in force till January 31, as it asked the states and union territories to keep a strict vigil to prevent any rise in cases during the New Year celebrations and the winter season.
In a statement, it said compared to physically and psychologically battle-hardened Indian troops, Chinese troops mostly are from urban areas and not used to hardships or prolonged deployment under field conditions.
Delhi Police claimed to have smashed two betting rackets during Indian Premier League match between Chennai Super Kings and Kings XI Punjab with the arrest of three persons and recovery of cash and other articles.
Not surprisingly, equity investors are bidding-up stock prices across sectors and the broader market is now more valuable than pre-Covid levels.
