Tata Elxsi Q3 net profit jumps 14%; stock climbs 6%
Net sales for the quarter rose 4 per cent to Rs 423.43 crore
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Housing sales stay resilient in 2019 despite weak economic outlook: Report
Developers’ focus on right-sizing, right-pricing of new residential products and greater transparency due to increased regulation led to steadying of annual and half-yearly sales. Office transactions hit historic high of 60.6 million sq ft in 2019.
Coffee Day hopes to close IT park sale to Blackstone in a week
The Coffee Day Group hopes to close its proposed sale of the Global Village tech park in Bengaluru to US private equity giant Blackstone in about a week's time, having crossed all major hurdles including government approvals and a green signal from most of its lenders.
Millenials not so brand conscious & they are buying on EMIs: Vijay Sales MD
Vijay Sales MD on new trends that have seen sales improving over last few months, especially in December. Last year, November and December were washouts and now we are seeing a higher double digit growth which we have not seen in the last four years at all. Brands also have been very aggressive on marketing as well as pricing front.
Two-wheeler makers post sales decline in December
The country's largest two-wheeler maker Hero MotoCorp said sales in domestic market were at 4,12,009 units last month as compared to 4,36,591 units in December 2018, down 5.6 per cent. Similarly, Bajaj Auto also reported 21 per cent decline in motorcycle sales in domestic market at 1,24,125 units last month as against 1,57,252 units in the year-ago period.
Tata Nano ends 2019 with zero production, sales of 1 unit
According to a regulatory filing by the company, Tata Motors had zero production and sales of the Nano throughout in 2019, selling just one unit in February. Tata Motors said no decision has been made yet on the future of Nano saying production planning of a car is a "conscious management of demand, system inventory and planned efficiencies".
Amazon and Future Group to cross-leverage each others' sales channel
Future Group and Amazon are collaborating to sell products from apparel to grocery and thereby make the best of both physical and online selling and widen distribution. Amazon will be an authorized online sales channel for Future Retail while its stores and warehouses will be used as distribution centres by Amazon for quicker delivery.
Car sales dip most in two decades in 2019
Sales of cars and SUVs went into a free fall in 2019, witnessing the biggest decline in over two decades.
Jaguar Land Rover global sales dip 5.9 per cent in 2019
The sales of Jaguar brand were at 1,61,601 units during the month, down 10.6 per cent, while Land Rover sales witnessed a dip of 3.8 per cent during the year as compared with 2018, Tata Motors said in a regulatory filing.
Tata Steel India's Q3 sales up by 24.4% YoY but remains flat compared to last quarter
While the company’s maintained its sales in the auto segment during the quarter, its branded products & retail segment grew 23% QoQ while industrial products and projects grew 12% QoQ. According to provisional figures released by the company during Q3FY20, Tata Steel India’s production grew by 1.8% over Q3FY19 to 4.46 million tonne but remained flat on a QoQ basis.
Actor Jamie Foxx to receive Spotlight Award at Palm Spring Film Festival for film 'Just Mercy'
Foxx will be honoured with the award on the opening day of festival, which will run from January 2-13.
Mercedes Benz India Q4 sales break into positive territory after three quarters, extends lead in 2019
The company registered sales of 3871 units, registering a 3.3% year on year growth for Q4 and over 15.41% growth over Q3 of 2019 with the overall annual sales volume closing at 13,786 units for January-December 2019. The growth in Q4 was after three quarters of consecutive decline in 2019.
Ex-IT Minister Kharge joins startup fund as advisor
The fund will focus on tech businesses such as security, semicon and embedded devices.
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