Passenger vehicle sale drops 50% in June Automobile Association reports
The automobile industry has taken a hit with sales falling by upto 50% of passenger vehicles. Demand for utility cars also fell by more than 58% in the previous month.
Latest Articles by Chittesh Dalmia
All eyes now on Reliance AGM as financial services launch expected
Mumbai based Reliance Industries Ltd. to announce launch of flurry of services in its 43rd Annual General Meeting.
HDFC Bank on a spree of top management reshuffles as resignations come in hand
Mumbai based HDFC bank had constituted a six-member search committee last year to find a replacement for Aditya Puri.
HDFC Bank falls on Auto Loan scam shares down by 3%
Mumbai based HDFC Bank is probing a scam related to vehicle financing by head Ashok Khanna to the extent of Rs. 1.2 trillion.
Reliance Industries to shift focus from oil to technology e-commerce giant
Mumbai Based Reliance Industries Ltd. has shifted it's business model to an e-commerce centric player. With the investment of about 1.15 Lakh crore, Jio is competing with conglomerates like Amazon & AliBaba.
Amul heads India’s white revolution in COVID-19
Gujarat based Amul has been leading the white revolution in the country. Amul brand is managed by a cooperative body, the Gujarat Co-operative Milk Marketing Federation Ltd. Managing director R.S. Sodhi expects an enviable 15-16% revenue growth.
Piramal resorts to hedge funds to finish uncompleted projects
Mumbai based Piramal Enterprises Ltd. is seeking new investments to fund working capital for real estate projects.
Bond market to suffer with lower RBI pay-out
The RBI will probably transfer as much as ₹60,000 crore for the year to June 30, sticking with estimates unlike last year when the payment was almost double the amount budgeted, the Quantum Advisors said.
SoftBank shares rises 133% since March blooming investments
The Japanese technology giant’s shares have more than doubled from their March low, propelled by buybacks and improving market conditions for its portfolio companies. Founder CEO shuts down negative outlook of the company's future.
Dmart shares trade contrary to Q1 results in Financial Year 2021
Avenue Supermarts led DMart posted a fall in profits to Rs. 40 crore. This has not been an impact on its share prices.
Haryana to enroll students through WhatsApp for education
“As per this initiative of the State Government in view of the safety of students, the students will get admission to class XI while staying at their homes,” Haryana Education Minister, Kanwar Pal said.
Tata Sons to exit JV with AirAsia India, as the market faces loss
Mumbai based, Tata Sons is likely to sell its stake of AirAsia India; focusing its resources to Vistara.
Indian companies that are traded on NYSE and NASDAQ
Indian based companies have realized the growth potential in the age of globalization and are active in tapping the global exchanges like NYSE, NASDAQ.
Railways converts coaches into COVID-19 wards for treatment
Northern Railways has provided relief to Delhi-NCR residents by providing 503 coaches as wards amid rising cases in the capital.
Facebook likely to ban political ads ahead of US elections
California Based Facebook Inc. is considering a ban on political advertisements to plug spreading of misinformation.
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