Young buyers willing to frequently replace older models with newer ones are boosting bookings and sales.
The figure assumes significance as the Sabarimala temple had witnessed frenzied devotees opposing the entry of women belonging to the menstrual-age in the wake of landmark Supreme Court verdict permitting women of all ages to offer prayers at the hill shrine.
Manappuram declared consolidated assets under management (AUM) growth of 27 per cent year-on-year (Y-o-Y) (5.1 per cent quarter-on-quarter or Q-o-Q) to Rs 38,950 crore. Net interest income (NII) saw a margin expansion of 24 basis points (bps) Q-o-Q to 15.44 per cent.
The self-styled Sikh preacher managed to give police a slip after changing his vehicle on Saturday when police had launched a crackdown against him and his outfit 'Waris Punjab De'.
The radical preacher has been on the run since a police crackdown on his outfit Waris Punjab De on March 18. He has, however, appeared in two purported videos and an audio clip released on social media in the past few days.
'The Indian govt's initiatives on EVs are very strong and customers want to buy EVs. This will make the country's conversion to EVs faster than other markets, and I hope even faster than the US'
Banks enjoyed an expansion in Net Interest Margins (or NIMs) as well as in credit demand through the 2022-23 financial year (FY23). The credit expansion was because economic growth continued to recover from the Covid-19 years, and indeed, second half GDP growth surprised on the upside. The NIM expansion was because banks raised lending rates immediately (in many cases automatically due to floaters) as the Reserve Bank of India (RBI) hiked policy rates, and only started raising deposit rates late into the fiscal.
Even as India's passenger-vehicle sales touched a record high of 3.9 million units in 2022-23, growing 27 per cent over the previous financial year, the country's largest carmaker, Maruti Suzuki India (MSIL), said on Monday uncertainties in the electronic-component supplies might affect production in FY24. MSIL said the shortage of electronic components had some impact on production in FY23. "The company took all possible measures to minimise the impact.
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.
In all, Tata Motors received 206,703 applications for the Nano. It also said that deliveries to the first batch of 100,000 applicants will begin in July and is expected to be completed by the last quarter of 2010. The company is presently manufacturing the Nano at its plant in Uttarakhand; production at the car's mother plant at Sanand, Gujarat, will only start later this year or early next year.
Customers can also book the Datsun redi-GO online through Snapdeal.com
Punjab Police expanded their search for Amritpal Singh on Friday to 'deras' and other possible hideouts of the fugitive preacher in Hoshiarpur district, where some suspects had abandoned their car following a chase three days ago.
This instruction forms part of an advisory issued by the Goa tourism department for tourists and the set of directives is aimed to protect the privacy of travellers
The security agencies have been warning that militants belonging to United National Liberation Front, People's Liberation Army and other banned groups had become part of the mobs and carrying out sneak attacks on security forces as well as giving directions to the agitators.
In an unusual incident, a man has been booked by traffic police for "negligent driving" following the death of his wife in a road mishap while he was trying to negotiate a pothole riding his two wheeler.
A day before the event, I learnt from an old Mumbai crime branch informant that a group of gangsters were planning to serve breakfast to the prisoners at Balgandharva Rangmandir prior to the show.
Domestic passenger vehicle sales could touch a record level of nearly 40 lakh units this year on strong demand and companies finding ways to enhance production despite semiconductor shortage, a senior Maruti Suzuki India official said on Monday. Even as the chip shortage issue has improved compared to a year back, the industry is estimated to have a pending order of around 7.5 lakh units of passenger vehicles with Maruti Suzuki India (MSI) alone having around 4.18 lakh units, company senior executive officer, marketing and sales, Shashank Srivastava told PTI. "I think it would be slightly below 4 million (units mark).
'The people of Tamil Nadu in particular Chennai know about the double standards of the BJP. Nothing will work for them here.'
In the clip, which went viral on social media, an announcement on a truck-mounted sound system was heard about the call to boycott the community members, accusing them of spreading violence in Khargone.
A traffic constable who had signalled a car driver to stop for some violation was allegedly dragged on the vehicle's bonnet for about 1 km in the city's high security area, before a PCR jeep which was chasing the accused came to the cop's rescue.
The National Investigation Agency on Friday filed a fresh charge sheet against five persons in connection with the Coimbatore car bomb blast in October 2022, and said the prime accused was "reportedly inspired by the hardcore ISIS ideology" to carry out this terrorist attack.
'Terrorists who are active in Poonch and Rajouri are not relying on random locals for logistics, guidance etc.' 'They are being supported by a selected few who are being vetted, cleared and directed from across the LoC.'
Tata Motors is looking to ramp up the production of electric vehicles as demand continues to outpace the manufacturing activity by a huge margin, according to a top company official. The Mumbai-based automaker, which led the passenger electric vehicle space in the domestic market in last fiscal year, has been receiving an average of 5,500-6,000 bookings in the past two months for its EV range. The company sells three electric products -- Nexon EV, Tigor EV and XPRES-T -- in the domestic market.
The Karnataka high court has directed the police not to take precipitative action against Aaj Tak news channel's consulting editor Sudhir Chaudhary in an FIR filed against him, but said that there was a prima facie case against him, and it should be investigated.
There's a hint of new competition riding into a sector that has attracted attention for being in a duopoly-like situation. Rapido, a commute app known for its budget-friendly bike-taxi services, on Tuesday announced its entry into the cab market, which is currently dominated by marquee brands Uber and Ola. Rapido's cab foray will be enabled by a software as a service (SaaS)-based platform.
Police have registered an FIR against six people under blasphemy law on the complaint of Mahinder Paal Singh, a resident of Multan district of Punjab.
Maruti Suzuki, Hyundai and Tata Motors reported their highest-ever dispatches to dealers last fiscal, enabling the domestic passenger vehicle industry to log in best-ever performance to date. The country's largest carmaker Maruti Suzuki India reported its highest wholesales to date at 19,66,164 units, up 19 per cent from 16,52,653 units in 2021-22. Its domestic dispatches rose to 17,06,831 units in 2022-23, up 21 per cent from 14,14,277 units in 2021-22 fiscal.Hyundai Motor India said its overall wholesales last fiscal were the highest ever since commencing operations in the country.
Subsidies have been stopped for several manufacturers that are under investigation for alleged violations of local-sourcing rules.
Death of a princess, deadly Godzilla and detectives galore on OTT this week.
The accused robbed them of about Rs 2 lakh on Saturday when they were on their way in a taxi to Gurugram in Haryana to deliver the money.
Environment ministry is organising various programmes at Sesaipura related to Project Cheetah.
The agency also carried out searches at 15 locations spread across Delhi; West Bengal's Kolkata, Siliguri and Murshidabad; Uttar Pradesh's Ghaziabad, Punjab's Amritsar and Chhattisgarh's Raipur, they said.
A strong business update for the April-June quarter of the 2023-24 financial year Q1FY24 has led to a big jump of over 7 per cent in the share price of Bajaj Finance on Tuesday (July 4). The non-banking financial company's (NBFC's) new loan book grew 34 per cent with 9.9 million new loans booked in Q1FY24 from 7.2 million loans booked in Q1FY23. The company's total customer franchise rose to 72.98 million (as on June 30, 2023), compared to 60.30 million year-on-year (YoY) with the highest-ever quarterly increase of 3.84 million in Q1FY24. Assets under management (AUM) grew by 32 per cent to about Rs. 270,050 crore in Q1FY24 from Rs. 204,018 crore in Q1FY23.
Ola Electric, India's largest maker of electric scooters, launched its most affordable ride on Tuesday, in an attempt to woo more customers and expand its electric two-wheeler lineup.
A financial loss of Rs 8 to Rs 10 crore has been estimated due to the violence.
Two home guards were killed and at least 15 others, including several policemen, were injured on Monday as a mob in Haryana's Nuh district tried to stop a Vishwa Hindu Parishad procession, pelting stones and setting cars on fire, officials said.
Anjali's friend said she did not inform anyone about the accident as she was scared and feared that she would be blamed for it.
'We hear about Chanda Mama from our childhood.' 'I am excited by the idea of seeing it with my eyes.'
Besides, the company has received large number of enquiries about the Ertiga, priced at Rs 623,000-888,000.
Post the launch of 'Grand' in the Indian market, Hyundai has experienced a 55 per cent rise in footfalls at dealerships across all regions and most dealerships are recording multiple enquires and test drive requests, it added.
