Toyota, Suzuki to introduce electric vehicles in India in 2020
Uploading Date : 17-11-2017In what would be a major push towards making widespread use of electric vehicles in the country, Japan’s Suzuki Motor Corporation (SMC) Friday said it has finalised an agreement with compatriot Toyota Motor Corporation (TMC) to introduce electric vehicles in India around 2020.
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Deutsche Bank bullish on shares of Jubilant FoodWorks on stellar Q2 results
Uploading Date : 16-11-2017Global research firm Deutsche Bank has raised its target price on the shares on Jubilant FoodWorks, after the exclusive India franchisee of Domino’s Pizza announced a two-fold rise in net profit in the latest quarter
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Ministry asks Apple to come up with new plan to make in India
Uploading Date : 15-11-2017The government has asked US tech major Apple Inc to come back with a fresh approach to its demands for manufacturing in India since the nodal Ministry has changed. The Ministry of Electronics and Information Technology (MeitY) is now mandated to assess the proposals that were earlier being looked into by the Ministry of Commerce and Industry.
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What ails India’s household economy?
Uploading Date : 14-11-2017The household sector is the largest segment of the Indian economy. In 2015-16, it accounted for 43.6% of gross value added (GVA) in the economy, while the private non-financial corporate sector, the second largest segment, accounted for 34.9%.
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New India Assurance tanks 10% on trading debut
Uploading Date : 13-11-2017State-run New India Assurance Co Ltd's shares fell as much as 10 per cent on their trading debut on Monday after a $1.5 billion initial public offering (IPO), as market participants baulked over the insurer's high valuation. The IPO of the country's biggest non-life insurer by premium, which saw the government and company raise a combined Rs. 9,600 crore ($1.47 billion), was subscribed 1.2 times the number of shares on offer, indicating low demand compared with other Indian IPOs this year.
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Sugarcane farmers to gain Rs 96.56 crore from revenue-sharing formula in Maharashtra
Uploading Date : 12-11-2017Sugarcane growers in Maharashtra are set to get the second installment payment within the next month. This comes after the Cane Control Board (CCB) sealed the payments as per the revenue sharing formula, and farmers will gain Rs 96.56 crores as per the calculations.
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L&T Q2 net profit jumps 27% to Rs1,820 crore
Uploading Date : 11-11-2017Infrastructure major Larsen & Toubro Ltd (L&T) on Saturday beat analyst estimates by a huge margin and reported a 26.9% jump in net profit to Rs1,820 crore. Painting a subdued domestic investment environment, L&T said it won’t be able to meet its order inflow guidance of a growth of 12-14% in the financial year 2017-18.
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177 items to become cheaper as GST Council decides to trim 28% slab
Uploading Date : 10-11-2017In a major relief to consumers and industry, the Goods & Services Tax (GST) Council on Friday decided to lower the rates for 177 items in the highest tax slab of 28 per cent.
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