Amid rise in demand in post-pandemic era, the commercial property investment has witnessed rise in popularity among investors trying to diversify their portfolios and generate consistent income streams.
The run-up to BS VI transition along with the general economic slowdown and truncated production led to the decline in sales of automobile majors in February, market watchers said on Monday.
IMF chief Kristalina Georgieva on Friday said growth slowdown in India appears to be temporary and she expects the momentum to improve going ahead.
The issue on raising the size of the kitty will be discussed in the next GST Council meeting, scheduled to be held on December 18. The meeting of all-powerful GST Council is going to be held in the backdrop of lower-than-expected GST collections.
Revenue from operations stood at Rs 4,007.63 crore as against Rs 3,946.77 crore in the same period a year ago, a growth of 1.57 per cent, Total expenses during the second quarter were higher at Rs 3,760.80 core as compared to Rs 3,649.87 crore in the year-ago period, it added
The Dun & Bradstreet Composite Business Optimism Index stood at 56.4 for December quarter this year, registering a decline of 19.5 per cent as compared to the year-ago period
Hitting out at Congress chief Sonia Gandhi over her remarks on the "grim" economic situation in the country, the BJP on Thursday said she seemed to be talking about the economic slowdown in her party as its "moneybag handlers" were behind bars.
Priyanka Gandhi has launched a scathing attack on the Modi government vis-a-vis economic slowdown. "The economy is falling into a deep abyss of recession. The sword is hanging on the livelihood of lakhs of Indians," Priyanka Gandhi said.
Hinduja Group flagship firm Ashok Leyland on Monday announced non-working days at its various manufacturing facilities following weak demand. "Following are the non-working days at our various plant locations during September 2019 due to continued weak demand for our products", the company said in a BSE filing.
Suzuki Motor India Pvt Ltd has decided to hold back its planned investments on capacity enhancement due to the ongoing slowdown in two-wheeler sales and expectation of a hit in the market by the transition to stricter BS-VI emission norm from BS-IV in April 2020
Butschek cited several factors, like low economic activity, subdued demand, liquidity constraints, as reasons for the current downturn. He was speaking at the annual convention of the Society of Indian Automobile Manufacturers (SIAM).
The automobile industry value chain includes parts manufacturers, OEMs, dealerships and workshops. The entire value chain is one of the largest employers in the country and has a substantial contribution to the country's GDP.
Speaking at the Federation of Automobile Dealers Associations' Auto Retail Conclave 2019, he noted that even as the industry faces the sales slowdown, OEMs have been investing Rs 1,000 crore, on an average, to upgrade their offerings.
According to Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera said the removal of ban on purchase of vehicles by government department and 15 per cent higher depreciation for all types of vehicles purchased before March 30, 2020 should also give a definite boost to vehicle demand in the short term, especially vehicles meant for commercial use.
India's economic growth is likely to slow down further to 5.7 per cent in the April-June quarter of this year due to low consumption, weak investments and an under-performing service sector, said a Nomura report.
TVS joins a long list of companies that shut motor parts production in its unit. It joins Maruti Suzuki India, Hero MotoCorp, Royal Enfield, Mahindra & Mahindra, Tata Motors, Bajaj Motors among others who have shut production temporarily or gone for block closures.
Prime Minister Narendra Modi met Union Finance Minister Nirmala Sitharaman today amid reports of a slowdown in various sectors. PM Modi is likely to announce a series of measures to infuse more energy in the economy, news agency IANS reports.
Balakrishnan agreed that the slowdown in hiring in the IT sector is going to persist.
Prime Minister Narendra Modi will on Tuesday interact with Finance Minister Arun Jaitley and other top officials to take stock of the economic situation.
Marking a significant development in the e-commerce market, Chinese giant Alibaba has on Monday said it has crossed a major milestone, hitting the 3 trillion RMB ($463 billion) in trade volume transacted over its China retail marketplaces in under a
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