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.
Passenger vehicle retail sales jump 11% in October on festive demand: FADA
According to Federation of Automobile Dealers Associations (FADA),...
Domestic air passenger traffic grows by 3.98 per cent in October
The domestic air traffic last month consisted of 12.31 million passengers co...
Maruti cuts production for the ninth straight month in October
While the company reduced production of mini cars Alto, S-Presso and old WagonR 39% to 20,985 units in the month under review, those of compact cars (New WagonR, Celerio, Ignis, Swift, Baleno, DZire) was cut 13.6% to 64,079 units. Production of midsize sedan Ciaz dropped 45% to 1,922 units in the same period.
950 cases of ceasefire violations along LoC between August-October
"Pakistan has been resorting to Ceasefire Violations along the LoC. There have been 950 incidents of CFVs along Line of Control and 79 incidents of CFVs along International Border in Jammu region during the last three months (August to October, 2019)," Shripad Naik, Minister of State for Defence said in a response to a question in the Rajya Sabha.
After Market: Smallcaps surge; RIL, YES Bank plunge; 31 stocks give ‘sell’ signal
Realty was the only one that ended with gains on NSE, adding 1 per cent. Nifty PSU Bank was the biggest loser.
Assam CM directs for new set of building bye-laws within October 31
The Chief Minister issued the directions in a meeting held on GST at his conference room.
No extension for pulses imports beyond october 31; tur imports to halve
Importers had requested that the government extend the last date, now set end-October.
Diesel demand falls 7.4% in October partly due to economic slowdown
Accounting for a share of 40% of the country's total oil requirement, demand for diesel has reported to plunge 7.4% in October from a year ago which is the biggest monthly fall in three years. Economic slump, extended monsoon, auto sector slowdown, preference for petrol vehicles are some factors behind the downfall in demand for diesel.
Centre okays construction of 3.31 lakh more houses under PMAY(U)
The Centre on Wednesday approved construction of nearly 3.31 lakh more houses, taking the total number of houses being funded under Pradhan Mantri Aawas Yojana (Urban) to 96.5 lakh.
PE investments see robust growth in October despite muted M&A activity: Report
Last month, the average deal size stood at USD 52 million, up from USD 28 million recorded in September 2019.
ITC, Larsen, Infy among top buys of MFs in October
A common link among the companies bought by managers in October is their size.
Government extends relaxed fumigation norms for onion imports till December 31
In its latest order, the ministry has extended these relaxed provisions till December 31 for onion imports with some conditions. Traders who have imported onions without fumigation or having endorsement of such treatment on phytosanitary certificate (PSC) will be allowed to fumigate in India through an accredited treatment provider.
Exports contract 1.11% in Oct, trade deficit at $11.01 bln
Exports fell by 1.11% to $26.38 bn in October on account of contraction in sectors like petroleum and leather.
Wholesale inflation dipped marginally for month of October at 0.16%
India's wholesale inflation or WPI dipped marginally for the month of October at 0.16 per cent. It was 0.33 per cent in September.The figure...
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