Maruti Suzuki India (MSIL) has ambitious plans to increase capacity. It is also seeking shareholders' approval for a complex swap transaction, which would acquire Suzuki Motor Gujarat (SMG), a subsidiary of Suzuki Motor Corporation (SMC) through a preferential offer. SMC already holds 56.37 per cent of MSIL's equity.
Maharashtra Chief Minister Eknath Shinde on Sunday ordered a probe into a road accident on the Samruddhi Expressway which claimed 12 lives.
The banking regulator was uncomfortable with the runaway pace at which consumer credit was growing.
The 2024 Kia Sonet facelift impresses with its comprehensive upgrades, ranging from a refreshed exterior design to advanced safety and technological features.
The company had stopped taking bookings for the vehicle, which was launched in June, in the wake of heavy demand.
The deceased leader's nephew, Kapoor Singh Rathee, said that his uncle's elder son Bhupinder and younger son Jatinder have received 18 threat calls from an unknown number.
MMFS is looking at a compounded annual growth rate (CAGR) of 18 per cent in assets under management (AUM) during FY23 to FY26 on the back of the strong recovery. The company has initiated risk-mitigating initiatives, including diversification into non-vehicle loans, building digital capacity and re-classification of customer profiles into affluent and mass-affluent in semi-urban segments to better target marketing.
French carmaker Citroen will launch its C3 Aircross Sport Utility Vehicle (SUV) in India by October, and is betting big on exports from India to markets like South Africa, ASEAN (Association of Southeast Asian Nations) and Nepal, a top company executive told Business Standard. Citroen, which sold 6,000 units through Citron C3 and C5 Aircross SUV, is likely to double its sales during the current year, as it has already sold 6,000 units of Citron C3 and eC3 electric vehicles during the first six months. "We are going to start bookings for the C3 Aircross SUV in September and launch it in October. Price will be at the heart of the midsize SUV market," said Saurabh Vatsa, Citroen India branch head.
By 2025, Uber projects that 25,000-30,000 cars -- or 12 to 16 per cent of vehicle additions -- would be EVs, reports Surajeet Das Gupta.
Even though electric two wheeler (e2W) companies saw a slight recovery in July of 12 per cent with 49,518 registrations - after a wash out in June because the government slashed the FAME 2 subsidy by a third - registrations are still lower for the second month in a row compared to April FY24. The slow pace has raised doubts about whether the registrations will reach anywhere near either Niti Aayog's ambitious target of 2.4 million vehicles in FY24 or whether they will be closer to the trimmed down industry expectation of around one million. In June, e2W registrations plunged to a mere 44,253, the worst month in more than a year, as companies hiked scooter prices.
'With NPA under control, we should be able to post better profits.'
'The India which was all about glamour and razzmatazz through which he could earn the trust of people of the other India, which was Bharat.'
On Sunday, a Mumbai court remanded the politician couple in 14-day judicial custody, a day after they were arrested by the Mumbai Police on the charge of 'creating enmity between different groups', rejecting the police's demand for their custody, an official said.
A voter turnout of over 40 per cent was recorded till 1 pm on Monday in the fourth phase of Lok Sabha elections in 96 constituencies spread over 10 states and Union Territories amid incidents of violence in Andhra Pradesh and reports of poll boycott in some villages of Uttar Pradesh.
Chief Minister Arvind Kejriwal announced that children who have lost their books and uniforms in the violence, will be provided the same free of cost.
The incident took place in Vashi area at around 1.30 pm on Saturday when the 37-year-old police naik, Siddeshwar Mali, was on bandobast duty on account of the visit of Union Home Minister Amit Shah, they said.
With the setting up of doorframe metal detectors, CCTV cameras, drones and deployment of armed commandoes, a banquet in Delhi has turned into a fortress of sorts for the marriage of gangster Sandeep alias Kala Jathedi with 'history-sheeter' Anuradha Choudhary alias 'Madam Minz' on March 12, official sources said on Monday.
A railway official said a train has been booked for the Dussehra rally from Nanded city in central Maharashtra.
Automobile manufacturers are likely to report strong numbers for the September quarter of Financial Year 2023-24 (Q2 FY24), riding on growth across segments and offset by a marginal drop in overall two-wheeler (2W) volumes. Higher average selling price (ASP) year-on-year (YoY), which was necessitated by price hikes taken by original equipment manufacturers (OEMs), and an improved product mix will also aid revenues and margins. Moreover, commodity prices are down on a YoY basis, leading to higher margins in earnings before interest, taxes, depreciation and amortisation (Ebitda).
The revised statement issued by the police also did not name the VHP and the Bajrang Dal.
The IMD has warned of heatwave to severe heatwave conditions in parts of West Bengal, Odisha, Bihar, Jharkhand, Andhra Pradesh, Telangana, Karnataka and Uttar Pradesh during the next five days.
Farmers had waved black flags at the chief minister's convoy while it was crossing Agrasen Chowk. They also raised slogans against the government.
Tata Motors' 2022-23 (FY23) January-March quarter (fourth quarter, or Q4) results were better than Street estimates, with strong showing across Jaguar Land Rover (JLR), as well as commercial and passenger vehicle businesses in the domestic market. The company posted its highest consolidated top line and operating profit, with growth of 35 per cent and 46.5 per cent, respectively, over the year-ago quarter. While the top line was aided by a 49 per cent growth in the JLR unit, all key segments reported margin expansion.
After clocking losses for seven straight quarters, Tata Motors on Wednesday posted a consolidated net profit of Rs 3,043 crore in the third quarter (Q3) of 2022-23. This came on the back of a strong order book, better semiconductor chip supply, tempered commodity prices, and a better product mix. "We remain cautiously optimistic about the demand situation, notwithstanding the global uncertainty.
Kaiser Bhat, 21, a resident of the Fatehkadal area of Srinagar, was injured when the security forces vehicle allegedly hit him and another youth during the protests in the Nowhatta area of the city on Friday.
The stock of the country's largest passenger vehicle maker, Maruti Suzuki India (MSIL) was down 1.06 per cent in trade on margin pressures in Q1FY24, mixed market share outlook, and earnings impact due to the buyout of Suzuki Motor Gujarat. While MSIL has decided to terminate the contract manufacturing agreement and acquire Suzuki Motor Gujarat, the quantum of payment and mode (cash/equity swap) has not been decided. If the cash option is opted for, there would be a 3.5-4 per cent hit to MSIL's FY25 earnings per share as the deal is expected to be completed by the end of the current financial year.
On the possible motive behind the murder, Prabhat said the temple was embroiled in a land dispute.
The previous May peak was observed in 2018 when the domestic PV wholesales stood at 301,238 units.
Senior Congress leader Digvijaya Singh on Sunday ended his sit-in protest outside Khajuraho police station in Chhatarpur in Madhya Pradesh against the death of a party worker during assembly polls held on November 17.
He had even visited the last post at Uri in north Kashmir, posing for pictures at a bridge treated as a Line of Control between India and Pakistan.
Aadujeevitham (The Goat Life) is undoubtedly one of the most successful experiments in Prithviraj's journey as an actor, applauds Divya Nair.
Sachin Ahlawat, allegedly involved in the violence in Mahav village of Bulandshahr's Sayana area after rumour of alleged cow slaughter, has been appointed BJP's 'mandal president' of BB Nagar.
Nationalist Congress Party legislator and former Maharashtra minister Jitendra Awhad on Monday said he has decided to resign as member of the legislative assembly over "fake" cases registered against him by the police.
Since its results for the first quarter of the 2023-24 financial year (Q1FY24) earlier this month, the stock of auto component major Bharat Forge is up nearly 15 per cent and hit its all-time high in the process. The recent gains have extended the returns over the last three months to over 34 per cent. After a strong Q1 performance which beat expectations, brokerages had revised their earnings estimates upwards to factor in the improved outlook.
This is a good opportunity for long-term investors to pick quality small and midcap stocks at reasonable valuations.
It's raining brand new seasons and shows on OTT this week.
Fight the high season and ridiculous prices with these simple and easy travel hacks.
The July-September quarter results of software companies in the engineering research and development (ER&D) segment were broadly in line with expectations, though there have been cuts in revenue growth guidance. While results were a mixed bag, and there are cautionary views on the near-term outlook, brokerages and global consulting firms highlight the strong growth trajectory for the sector. They expect this segment of the software sector to grow by 8-12 per cent going forward.
Bookings for the head-turner are now open on the Tata Motors website, for an initial payment of Rs 35,000 (which will be reimbursed fully on cancellation, the company assures).
rediffGURU Samkit Maniar answers readers' personal income tax queries
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