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2 mins read

Festive consumption growth halved in 2024 as urban demand slacks, notes Nomura

Nomura reports festive consumption growth has dropped to 15% this year. Analysts observed slower gr…

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2 mins read

RBI may shift monetary stance to 'Neutral', rate cuts likely by December 2024: Nuvama

The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from the current 'withd…

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2 mins read

Consumption loan portfolio expands 15% to Rs 90 lakh crore in FY24, notes CRIF report

The home loans portfolio saw growth slowing down to 7.9 % YoY in FY24, from the 23 % expansion seen…

PTI   


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3 mins read

Budget 2024 Expectations: FAME scheme, aid for vehicle scrapping and other expectations of the auto industry

The auto industry eagerly awaits Budget 2024 with expectations like FAME 3 scheme, incentives for h…

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3 mins read

Hyundai IPO listing: India's biggest ever IPO lists lower than issue price, brokerages issue buy rating

With a market cap of Rs 1,51,376.41 crore, Hyundai Motors India had opened for subscription between…

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3 mins read

Stock markets end on positive note despite early setbacks

The BSE Sensex ended the day with an uptick of 131.18 points closing at 77,341.08. Meanwhile, the b…

ANI   


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Auto and BFSI seen driving India Inc’s earnings growth this financial year

India’s top listed companies’ March-quarter earnings largely met analyst expectations, driven by st…

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6 mins read

India Inc's Q3 earnings largely meet analyst expectations, but consumption slowdown a worry

India Inc’s profitability for the December quarter – largely in line with analyst expectations – mo…

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2 mins read

Auto and banking stocks drive Sept quarter earnings as market gurus upgrade FY24 estimates

Earnings of India’s top 50 listed companies delivered stellar earnings during the September quarter…

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3 mins read

India Inc’s credit quality continues to shine in FY23: Slowdown concerns could impact IT, textile sectors, says ICRA

Corporate India’s credit quality has continued to rebound in FY23, sustaining the previous year’s m…

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4 mins read

Sensex, Nifty50 edge lower in morning trade as banking and metal stocks decline

India’s benchmark indices Sensex and Nifty50 edged lower in morning trade on Wednesday amid negativ…

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6 mins read

Three wheelers see record sales as auto sector posts 9% growth between April-September

Three wheeler sales in the first half of the current financial year (FY24) have hit a record and be…

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2 mins read

Tesla is eyeing India but a rival says that's 'good for the industry'

MG Motor India's CEO Emeritus told CNBC that Tesla's potential entry into the Indian market could b…

Tom Carter   


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3 mins read

Indian two-wheeler majors target new global markets as exports to Africa slide

Africa was a very large market for India’s two-wheeler exports but that market has been slowing dow…

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4 mins read

Wedding bells ring in 16% rise in February auto sales, 2 wheeler sales yet to hit pre-pandemic levels: FADA

The Indian auto industry reported a 16% year-on-year increase in sales in February 2023. Despite th…

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5 mins read

Passenger vehicles to continue driving auto sales in February, EVs gain a stronghold

A robust demand for passenger vehicles (PVs) is expected to boost India’s auto sales numbers for th…

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3 mins read

No festive cheer for auto cos in March: PV sales ‘flattish’, 2Ws to see a slight uptick

The Indian auto sector could be looking at mixed performance in March due to a combination of errat…

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4 mins read

India created 14 unicorns in the first half of 2022 — before funding slowdown hit them

The Indian startup valuations have taken a hit since April this year. Yet India has still managed t…

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4 mins read

December auto sales could skid sequentially on production constraints, purchase deferrals due to ‘inauspicious’ period

Indian auto makers started December on a strong note thanks to year-end discounts and the wedding s…

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2 mins read

The maker of General Motors and Toyota's parts in India is folding up — axing thousands of jobs

Sluggish growth and falling sales over the last nine months has led to auto dealerships and plant s…