Business news

cars, car sales, domestic car sales, gst on cars, auto industry, traffic

Auto industry may further cut production

The slowdown, which is a culmination of high GST tax rates, farm distress, stagnant wages and liquidity constraints, has led to the month-on-month sales de-growth.

Aug 4, 2019

Taxation amid slowing economy is killing market's 'animal spirit': D Subbarao

Of late the financial markets have borne the brunt of multiple taxes amid an acute slowdown, which has almost killed the investors' risk-taking appetite.

Aug 4, 2019

India's biggest carmaker Maruti Suzuki cuts temporary jobs as sales plunge

Maruti Suzuki said it employed 18,845 temporary workers on average in the six months ended June 30, down 6% or 1,181 from the same period last year.

Aug 3, 2019

Did IBM fire 100,000 employees in last few years just to look 'cool'?

In last seven years, IBM has fired thousands of people in the US, Canada, and other high-wage markets in order to cut down on costs.

Aug 2, 2019

Ola expands operations in Australia's Sunshine Coast

The expansion is a part of Ola's ongoing efforts to provide the community with a better rideshare experience.

Aug 2, 2019

Maruti Suzuki's July sales down by 33.5%

A total of 109,264 units were sold last month, compared to the off-take of 164,369 units recorded during the corresponding period of the previous financial year.

Aug 2, 2019

Airtel posts colossal Q1 loss of Rs 2,866 cr on one-time hit

Airtel said in a statement that with the adoption of IndAS 116, effective April 1, 2019, the results and ratios for the quarter ending June are not comparable with previous periods.

Aug 2, 2019

Xander to buy Pune office park for $130 mn, add 1.1 mn square feet to its assets

The Weikfield IT Citi Info Park in Pune's Viman Nagar is a commercial space leased to companies such as Maersk, WNS, Whirlpool, PTC, Nihilent, Tavisca and many more.

Aug 1, 2019

Amazon plans to buy 26% stake in Mukesh Ambani-led Reliance Retail

Amazon and Flipkart have seen a steady increase in their revenue even after drastic changes in the FDI policy.

Aug 1, 2019

India, UK launch clean air initiative in Bengaluru

British Deputy High Commissioner launches two-year UK-India joint initiative that provides opportunities to test interventions related to air quality and EV integration.

Jul 31, 2019

You will not get Budweiser in Delhi anymore; here's why

The investigation put forward observations where the company was found guilty of using duplicate barcodes on the bottles allowing the company to pay lower levies.

Jul 31, 2019

VG Siddhartha's Cafe Coffee Day valued at Rs 18,000 crore, profitable for last 3 years

A letter written by the coffee tycoon before committing suicide mentioned that he was facing persistent pressure from one of the private equity partners to buy back the shares.

Jul 31, 2019

Indian Railways planning big lay off? Orders performance review

The Ministry of Railways has asked zonal managers to identify employees above the age of 55 years and those who have completed 30 years in service in the first quarter of 2020.

Jul 31, 2019

India to focus on buildings of the future: Building Innovation Guide

India is poised to become the world's fifth-largest economy, with the buildings sector representing over 30 percent of the nation's energy consumption.

Jul 30, 2019

Hyundai Venue gets 50,000 bookings in 60 days

The newly launched Hyundai Venue – India's First Fully Connected SUV – has been designed to exceed the rising aspirations of today's iGen and millennial customers.

Jul 30, 2019