Category: Business

Business

Auto retail sales up 11.21% in November riding on two-wheeler demand: FADA

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Retail sales of vehicles across categories in India grew by 11.21% at 32,08,719 units in November, as compared to 28,85,317 units in the same month last year riding on two-wheeler demand, Federation of Automobile Dealers Associations said on Monday (December 9, 2024). Retail sales of two-wheelers were at 26,15,953 units last month, as compared to…

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Paytm shares hit 52-week high; up more than 3%

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As the company’s shares touched a 52-week high, the market valuation of Paytm rose by ₹1,986.32 crore to ₹64,109.58 crore. File | Photo Credit: Reuters Shares of One97 Communications, which owns the Paytm brand, on Monday (December 9, 2024) jumped more than 3% on the bourses after the company approved the sale of stake in Softbank…

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Rupee falls 7 paise to 84.73 against US dollar in early trade

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At the interbank foreign exchange, the rupee opened at 84.70 against the greenback, then touched 84.73 in the initial trade, registering a fall of 7 paise over its previous close. Representational image. The rupee fell 7 paise to trade at 84.73 against the U.S. dollar in early trade on Monday (December 9, 2024) dragged down…

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Equity markets see high volatility, Sensex falls 150 points, nifty down 37 points

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From the Sensex pack, Hindustan Unilever, Nestle India, UltraTech Cement, Infosys, Asian Paints, Mahindra & Mahindra and Tata Steel were the major laggards. File Equity benchmark indices Sensex and Nifty faced heavy volatility in early trade on Monday (December 9, 2024) amid selling in blue chips like Infosys and ICICI bank amid a weak trend…

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The issue of India’s economic growth versus emissions

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‘While India’s relative decoupling is a step in the right direction, the path to absolute decoupling is still a long and complex journey’ | Photo Credit: Getty Images The Indian economy has consistently showcased its robust growth over the past few decades. But higher economic growth is believed to have come with increasing environmental pressure,…

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FDI inflows into India cross $1 trillion, establishes country as key investment destination

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Foreign direct investment (FDI) inflows into India have crossed the $1 trillion milestone in the April 2000-September 2024 period, firmly establishing the country’s reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings…

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Insolvency process: RBI Deputy Guv pitches for enforceable code of conduct for CoC

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Reserve Bank of India (RBI) Deputy Governor Rajeshwar Rao. File. | Photo Credit: Reuters Reserve Bank Deputy Governor M. Rajeshwar Rao on Saturday (December 7, 2024) pitched for an enforceable code of conduct for the Committee of Creditors (CoC) under the insolvency resolution process. While emphasising that the Insolvency and Bankruptcy Code (IBC), which was…

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Business

Soap, home insecticides segments hit, GCPL expects flattish volume growth in India sales in Q3

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Impacted by an increase in soap prices and unseasonal rainfall slowing down sales of the home insecticides (HI) segment, Godrej Consumer Products expects a “flattish” underlying volume growth and a mid-single-digit sales growth in the domestic market in the December quarter. Both segments jointly contribute to two-thirds of GCPL’s standalone revenue — mainly income from…

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Mahindra changes electric SUV brand name to BE 6; to contest brand rights of BE 6e in court

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“Mahindra’s mark is “BE 6e” not the standalone “6E”. We believe it differs fundamentally from IndiGo’s “6E,” which represents an airline, eliminating any risk of confusion,” Mahindra said in a statement . | Photo Credit: Reuters Mahindra & Mahindra Limited (M&M) has announced to change the brand name of its electric origin SUV to BE 6…

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