Volkswagen slashes profit, sales forecasts
German carmaker Volkswagen cut its forecasts for operating profit and sales growth on Monday due to a downturn in demand for passenger cars, while keeping profit margin targets.
Share market update: Auto shares mixed; Ashok Leyland down 1%
The Nifty Auto index was trading 0.22 per cent down at 8101.20 around 09:27 am.
Board Meetings Today: JMT Auto, Gujarat Apollo Industries, Amtek Auto, ASI Industries and Frontier Infomatics
There are corporate actions tha...
Share market update: Auto shares mixed; Motherson Sumi up 1%
The Nifty Auto index was trading 0.17 per cent down at 8139.80 around 09:45 am.
India plans strategic stake sales in 28 state-run companies - minister
The government has so far raised 173.64 billion rupees ($2.43 billion) in the 2019/20 fiscal year ending in March, against the full-year's target of 1.05 trillion rupees, the minister said in a written reply in the lower house of parliament.
European shares extend winning streak; Qiagen jumps as company explores sale
The pan-European STOXX 600 index rose 0.17 per cent by 0814 GMT.
Endurance Tech riding out slowdown may be a good buy
The Street expects Endurance’s domestic revenue growth to be positive for FY20.
Ola driving to colleges for hiring
The class of 2019 is likely to be awash with job offers from startups including Ola, Amazon, Flipkart, Meesho, and Bounce, with companies looking to rope in students adept at dealing with a fast-paced, agile environment.
Flipkart and Amazon clock Rs 31,000 crore in festive sales
The average order value for Flipkart stood at Rs 1,976 versus Rs 1,461 on Amazon, indicating that customers bought higher-value items from the Walmart-owned marketplace. Flipkart led with 64% share of the combined gross sales while Amazon continued to fare higher in net promoter score (NPS). NPS measures the loyalty of customers to a company.
How Saudi Aramco’s mammoth share sale stacks up in five charts
The kingdom will list only 1.5 per cent of the company on the Tadawul.
Tata Motors ties up with Lithium Urban for EV segment
This partnership with Tata Motors will ensure availability of new form factors.
We stand by Sterling and Wilson: Shapoor Mistry
We stand by the company and each other as promoters, Mistry told. We are not moving away from our commitment to honour in full all the obligations towards the company. The promoters were scheduled to pay Rs 2,563 crore to Sterling and Wilson Solar by November 18. The promoters had repaid Rs 250 crore.
Festive buys, new models help PV sales snap 11-month slide in October
PV sales rose marginally in Oct aided by festive season & introduction of new models in utility vehicle space.
Kia Motors to expand sales network to over 300 touchpoints by end of current fiscal
Kia Motors plans to expand its sales network to over 300 touchpoints in India by end of current financial year.
Green certificate sales down 2.25 pc to 6.87 lakh in October
Owing to lower supply in comparison to last year's, there is a dip in the sales of renewable energy certificates to 6.87 lakh units from 7.03 lakh in 2018. Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country which are engaged in trading of renewable energy certificates (RECs) and electricity.
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