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40% anticipate GDP growth to range between 6.5-7% in FY18 which is in line with various international organisations.

Hospitality RevPAR growth set to improve

Since demonetisation, the growth in Revenue per Available Room (RevPAR) had dropped from 5.5 per cent in 2016 to 1.9 per...

1 Oct 2019 2:14 AM IST

Sluggish domestic demand from end-user segments, including automobile, consumer durable, FMCG, construction and real estate sectors, led to a slowdown in consumption growth.

Reduction in raw material prices to help steel players

Slow demand has also led to an increase in the inventory of semis products.

1 Oct 2019 2:10 AM IST

Maruti Suzuki, Indias biggest car maker, on Monday launched its much-awaited new small hatchback, or Mini SUV S-Presso, as the company dubbed it, with the starting price of Rs 3.69 lakh to boost sales in Asias third biggest car market during the festive season and beyond.

Maruti S-Presso starts at Rs 3.69 lakh

The hatchback will be retailed countrywide through the ARENA retail network.

1 Oct 2019 2:08 AM IST

Homebuyers continued to be cautious in September quarter. Housing sales in the top seven cities declined 18 per cent against the same quarter last year. Even sequentially, September quarter sales were down 20 per cent compared to June quarter.

Housing sales dip 20 per cent in September quarter over June

Even sequentially, September quarter sales were down 20 per cent compared to June quarter.

1 Oct 2019 2:05 AM IST

Cyber insurance being a popular product is growing at 35 per cent year-on-year premium basis and almost 50 per cent on policy count basis.

Cyber insurance cover sales rise as attacks increase

Top insurance brokers who deal with the crisis are of view that cyber risk is a top order item for any board across the...

1 Oct 2019 1:53 AM IST

The Centre has hiked import duty on edible oils to curb cheaper shipments and boost local prices for supporting farmers and refiners. (Photo: Pixabay)

Illegal edible oil imports on rise

The government had increased the import duty on edible oil to protect the domestic industry.

1 Oct 2019 1:50 AM IST

The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.

Vodafone top brass meets telecom secy, seeks 2-yr delay on deferred...

Kumar Mangalam Birla, head of Vodafone Idea, had sent an SOS to the government earlier also for deferring statutory...

30 Sept 2019 8:22 PM IST

The finance ministry on Friday said a 5 per cent GST will be levied on food and drinks supplied by the Indian Railways or IRCTC in trains, platforms or stations.

IRCTC IPO subscribed 81 per cent on opening day of bidding

IRCTC's public offer to raise about Rs 645 crore received bids for 1.63 crore shares as against the total issue size of...

30 Sept 2019 7:17 PM IST

Maruti Suzuki India (MSI) is quietly gaining presence in the light commercial vehicle (LCV) space with its Super Carry mini-truck registering over ten-fold jump in sales in 2017-18.

Expect better sales going ahead due to improved buying sentiment:...

Maruti is counting on festive season, S-Presso launch and revival of demand in rural segment to ease some pressure on...

30 Sept 2019 6:48 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee retreats 31 paise to 70.87 against USD

Forex traders said globally risk appetite has plunged as US-China trade concerns continue to linger.

30 Sept 2019 6:08 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold drifts lower by Rs 240 on weak international prices

Prices of silver also dropped Rs 775 to Rs 45,705 per kilogram, from Rs 46,480 per kilogram in the previous trade.

30 Sept 2019 5:33 PM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Sensex sheds 155 points, Nifty slips below 11,500; bank stocks play...

On the Sensex chart, Yes Bank was the biggest loser with over 15 per cent drop.

30 Sept 2019 4:20 PM IST