Kolkata bucks home sales slump plaguing other Indian cities
About 43 % of offices in Kolkata were lying vacant in the second half of 2019.
PNB shelves plan to sell housing finance unit
PNB's holding in PNB Housing is set to fall to around 27.5% from the current 32.43% when the later issues fresh shares to raise about Rs 1500 crore. PNB will not subscribe to the issue.
PVR Q3 PAT at Rs 36.26 crore
PVR said revenue from movie exhibition stood at Rs 885.29 crore.
Festive sales to trim YoY auto revenue fall
Revenue of automakers, excluding Tata Motors, is expected to fall in low single digits, research reports show.
Housing sales down 9%, new supply falls 10% in Oct-Dec: Report
" The downtrend observed was mainly due to economic slowdown and liquidity crisis in the market," PropEquity said in its Q4 report.
Why 8th straight quarter of double-digit volume growth failed to lift Asian Paints
Asian Paints’ consolidated sales growth for the quarter belied estimates, it noted.
This midcap flies high on e-comm boost, stock gains 20% in a month
Online sales contributed over 20 per cent to total sales in the first half of FY20.
Hyundai Motor returns to profit in Q4 as SUV sales boost margins
South Korea's Hyundai Motor Co swung to a fourth-quarter profit from a loss a year earlier, helped by brisk sales of sport-utility vehicles. Its operating profit came in at 1.24 trillion won while a year earlier Hyundai had booked a 129.8 billion won loss.
Uber analysts say India food unit sale ends ‘dark chapter’
The deal was a “smart, strategic” move and “shows strong execution on the part of Uber management, who has said repeatedly that unless Uber is 1 or 2 in a given market, or on a clear trajectory to get there, it would exit that market.”
Cairn India hunts for big oil partner via stake sale
Cairn is the country’s largest private sector oil and gas producer accounting for nearly a quarter of India’s total domestic crude oil production and Vedanta may look to dilute up to 25% to raise a minimum of $1.5-2 billion (Rs 10,500-14,100) through this “value unlocking” exercise.
Not enough EV sales yet to build viable finance plan, say lenders
Financiers said electric car sales must show up sufficiently on the dashboard for them to build a viable finance plan. For the personal buyer, car prices range anywhere between Rs 12 lakh and Rs 20 lakh. Financiers believe that the consumer would default because of the high prices, making it difficult for a financier to sell the attached vehicle.
Vehicle retail sales nosedive in December in spite of discounts
The number of registrations at RTOs came down by 15% in December as compared to a year ago.
Auto firms’ sales drop may ease in Q3, margins set to stay muted
Revenue of automakers, excluding Tata Motors, is expected to decline in low single digits.
Seized assets of Nirav Modi to be auctioned at Saffronart's two upcoming sales
Fugitive businessman Nirav Modi's seized assets including artworks, luxury watches, handbags and cars will go under the hammer at Saffronart's two upcoming auctions.
Maruti Suzuki sells 5 lakh BS-VI vehicles ahead of implementation of new emission norms
"This achievement reaffirms the growth potential of new engines and technologies in India," MSIL Managing Director & CEO Kenichi Ayukawa said. He further said,"Early introduction of the BS-VI compliant engine in our popular models represents our commitment to the government's vision for clean and green environment."
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