The country’s largest carmaker Maruti Suzuki Tuesday said it is looking to strengthen its service network in line with an increase in sales over the next few years. The company, which Tuesday announced the opening of its 5,000th service touchpoint in the country, is looking at doubling capacity to 4 million units per annum by … Read more
HYDERABAD: Out-dazzling itself with every passing day, gold scored a hat-trick of sorts on Thursday. The yellow metal’s price in the international market vaulted to yet another record high for the third straight day at $2,165-per-ounce, propelled mainly by US Federal Reserve chair Jeremy Powell’s dovish stance on interest rates. Historically, interest rates in the … Read more
Amit N Mahajan, Director, Paras Defence, says “Paras Defence is currently focussing on the domestic market because it is not just that the domestic market is the biggest market, but it also has a preferential procurement policy in favour of companies like us. So, the export market becomes a plan B. Plan A always will … Read more
Two-wheeler major Hero MotoCorp sold over 54.99 lakh units in the calendar year 2023, thus registering a substantial five percent growth over the 52.47 lakh units sold in the preceding year. In December, the company’s total sales comprising scooters and motorcycles stood at 3,93,952 units, which more or less remained flat as compared to the … Read more
NEW DELHI: The government is closely monitoring the rice situation in the domestic as well as international markets on weekly basis and it can increase the percentage share in global rice trade when favourable conditions arise, Parliament was informed on Wednesday. India has banned export of broken and non-basmati white rice in view of uncertainty … Read more
Foreign flows drive sensex past 71,000 MUMBAI: The sensex capped a strong winning week with a 970-point rally on Friday to close above the 71,000-mark for the first time in history. It closed at 71,484 points as software exporters led the rally. The US central bank‘s announcement late Wednesday that it could start cutting interest … Read more
Tata Motors sold 74,172 units in November 2023, witnessing a slight decline of 1.73 percent as against the 73,467 units as against the corresponding month in 2022. In the domestic market, the passenger vehicle (PV) segment sales remained flat for the carmaker at 46,068 units as compared to 46,037 units in November 2022. On the … Read more
NEW DELHI: Drug firm AstraZeneca Pharma will exit manufacturing at its only plant in the country, based in Bangalore, as part of a ‘global strategic review’. The company with revenues of over Rs 1,000 crore, feels that it can derive more value for its shareholders by transferring core manufacturing function to a contract manufacturer, sources … Read more
Domestic indices experienced a gradual rally throughout the week, buoyed by strong domestic macroeconomic data such as robust GDP and PMI figures, which painted a positive outlook for the domestic market. Despite a mixed global trend marked by weak cues, Indian equities remained resilient, supported by this strong economic outlook. In the broader market, mid- … Read more