Kia India reports 3.9 pc sales growth in May, surpasses 2.5 lakh export milestone
New Delhi, June 1 - Kia India on Saturday said it has registered the sale of 19,500 units in May, a growth of over 3.9 per cent (year-on-year) compared to 18,766 units in the corresponding month of the last year.
Ola Electric logs 49 per cent share in electric 2-wheeler market in May
Bengaluru, June 1 - Ola Electric, on Saturday, said that it has captured 49 per cent market share in the electric two-wheeler (2W) segment in May, with 37,191 registrations (as per government’s Vahan portal) riding on its S1 scooter portfolio.
Mahindra and Mahindra SUV sales up 31 pc in May
New Delhi, June 1 - India's leading auto company, Mahindra and Mahindra (M&M) announced its overall sales figure (including commercial and passenger) for May 2024.
Zoho invests in 2 Indian manufacturing startups to create jobs in rural areas
New Delhi, June 1 - Cloud software major Zoho on Saturday said it has invested an undisclosed amount in manufacturing startups Karuvi and Yali Aerospace which would create jobs in smaller towns and villages.
SpaceX will enable anyone to travel to Moon, Mars: Elon Musk
New Delhi, June 1 - SpaceX will enable anyone to go to space and even travel to the Moon and Mars, in the future, its CEO Elon Musk said on Saturday.
BCGCL floats tender for Rs 1,1782cr coal gasification project in Odisha
New Delhi, May 31 - Bharat Coal Gasification & Chemicals Limited (BCGCL), a joint venture company of Coal India Ltd and BHEL has floated a tender for the selection of an LSTK-2 (lump sum turnkey) to start work on a portion of its
Commercial LPG gas cylinder gets cheaper by Rs 69.50 in Delhi
New Delhi, June 1 - Oil marketing companies reduced the price of 19 kilograms of commercial LPG gas cylinders on Saturday.
‘Historic’ multi-million euro fine slapped on low-cost airlines in Spain
Madrid, May 31 - The Spanish government has imposed fines totalling over 150 million euro ($163 million) on four low-cost airlines for charging an additional fee for hand luggage and other practices deemed unlawful.
Surge in manufacturing sector highlights Modi govt’s efforts: FM Sitharaman
New Delhi, May 31 - Finance Minister Nirmala Sitharaman said on Friday that India’s GDP data showcases robust economic growth, which is the highest among the major economies of the world.
ICRA upgrades Adani Total Gas to ‘AA’ with stable outlook
Ahmedabad, May 31 - Global credit rating agency ICRA on Friday upgraded the rating of Adani Total Gas Ltd (ATGL) to "AA" from "AA-" with a stable outlook.
Core sector industries post 6.2 per cent growth in April
New Delhi, May 31 - The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.2 per cent growth in April this year compared to the same month of the previous year, according to data released by
India’s fiscal deficit dips below budget estimate to 5.6 per cent of GDP
New Delhi, May 31 - India's fiscal deficit for the financial year ended March 31 worked out to 5.6 per cent of GDP, which is lower than the full-year target of 5.8 per cent, official data released on Friday showed.
Adani Ports signs 30-year pact to operate key terminal at Tanzania’s Dar es Salaam Port
Ahmedabad, May 31 - Adani International Ports Holdings on Friday said it has signed a 30-year concession pact with the Tanzania Ports Authority to operate and manage Container Terminal 2 (CT2) at the Dar es Salaam Port in the eastern African country.
Indian economy clocks robust 7.8 per cent growth in Q4, full-year growth rate surges to 8.2 per cent in 2023-24
New Delhi, May 31 - The Indian economy has clocked a robust GDP growth of 7.8 per cent in the January-March quarter while for the full financial year 2023-24, the growth rate works out to a stellar 8.2 per cent -- up from
Adani Group stocks soar nearly 10 per cent, Jefferies recommends ‘buy’ for 4 Group firms
New Delhi, May 31 - The shares of Adani Group portfolio of companies surged nearly 10 per cent on Friday amid heightened trading activity, as Sensex snapped the losing streak of the last five trading sessions.
RBI warns ARCs against harassing distressed borrowers
Mumbai, May 31 - The RBI has told the top executives of Asset Reconstruction Companies (ARC) that they should not directly or through their recovery agents harass distressed borrowers while recovering overdue loans and play by the rule book.
Sensex rebounds after 5-day slump, metal & banking stocks surge
Mumbai, May 31 - Indian equity benchmark closed in the green on Friday, snapping the losing streak of the last five sessions.
Jefferies goes bullish on Adani Group, recommends ‘Buy’ for 4 Group companies
New Delhi, May 31 - A new Jefferies report has recommended ‘Buy’ on Adani Enterprises, Adani Ports, Adani Energy Solutions, and Ambuja Cements, as Adani Group clocked an impressive 40 per cent EBITDA growth (YoY) in FY24.
DGCA slaps show cause notice on Air India for flight delays, passenger discomfort
New Delhi, May 31 - The Directorate General of Civil Aviation (DGCA) on Friday issued a show cause notice to Air India after its two flights were delayed and passengers were put to discomfort due to insufficient cooling in the aircraft.
RBI shifts 100 tonnes of gold from vaults in UK to India
New Delhi, May 31 - The Reserve Bank of India (RBI) has shifted around 100 tonnes of its gold kept in bank vaults in the UK to its own vaults in India in a move aimed at saving storage costs, according to media