Slowdown in auto sector cyclical; government taking steps to support the sector
Minister of Heavy Industries and Public Enterprises Prakash Javadekar said the sector is facing a prolonged downturn due to various reasons, including reduction in finance availability and increase in cost due to upfront collection of insurance premium.
Why Prasanth Prabhakaran is avoiding pharma, auto & consumption stocks
We believe a broad-based rally in the midcaps and smallcaps is a long ...
Stress in rural households and loan defaults create woes for microfinance sector in Assam
Various organisations in the upper part of the nort...
Share market update: Auto shares mixed; Bosch gains 3%
The Nifty Auto index was trading 0.29 per cent up at 8107.
Deferment of spectrum payment to provide headroom to telecom sector: India Inc
The government doled out a Rs 42,000 crore relief to debt-laden teleos after it agreed not to take any payments for spectrum they use for the next two years. The Union Cabinet headed by PM Modi approved giving Airtel, Voda-Idea and Reliance Jio an option to avail a two-year moratorium on payments they were supposed to make in yearly installments.
General Motors sues Fiat Chrysler over bribes to auto union
Alleging Fiat Chrysler of benefiting from bribes to auto union, General Motors claimed that the bribe gave FCA an unfair benefit in labor talks. FCA dismissed the lawsuit as "meritless" and said it was timed to disrupt the company's proposed merger with French automaker PSA, as well as ongoing talks with the UAW.
Auto, auto ancillaries would be my favourite play on economic recovery: Saurabh Mukherjea
Two-wheelers likely to recover quicker than cars and trucks as their ticket sizes are smaller.
Festive October a quirk amid auto slump
Auto sales picked up pace in October as more and more headed out to purchase vehicles amid the festive season. Vehicle registrations at RTOs improved 4% over October last year. Inventory build-up at vehicle dealers eased across the board. Registration numbers of PV improved 11% in October, while those of two-wheelers improved 5%.
Public sector lenders gear up to renew focus on tea sector
Assam government has indicated that it would consider higher usage of unused land in tea estates on a case-to-case basis for business diversification. Earlier, it had restricted the use of idle land to just 5%. West Bengal too has decided to allow the tea garden owners to use up to 15% of the unused land within the tea estates for promoting tourism.
Share market update: Auto shares mixed; Ashok Leyland down 1%
The Nifty Auto index was trading 0.12 per cent down at 8054.20.
After Market: Telecom shares bleed, Zee rallies; 57 stocks hit 52-week lows
Shares of debt-laden DHFL recovered in late trade and closed nearly 5 per cent higher.
Japanese shares fall led by IT sector, as Trump warns of more tariffs
The Nikkei index closed down 0.62% at 23,148.57.
Vodafone Idea, Airtel shares plunge despite AGR relief; what should investors do?
The market is selling on news and buying on rumours, says Dipan Mehta of Elixir Equities.
BS VI emission norms to create headwinds for CV sector: India Ratings
For fleet owners, the ownership of BS-VI vehicle would be credit neutral as the benefits from fuel efficiency and maintenance would largely be offset by higher debt repayments.
Puranik Builders files fresh IPO papers with Sebi; plans to raise Rs 1,000 crore
According to market sources, size of the initial public offer (IPO) is around Rs 1,000 crore.
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