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Revenue growth for the beleaguered auto components sector would halve in next two fiscals due to a steep decline in domestic vehicles sales.

Autocomps revenue growth seen halving

Production volume of OEMs is estimated to either degrow or log low single digit growth at best in the next two years.

28 Aug 2019 2:43 AM IST

The rupee rose sharply against the US dollar while bonds climbed for a second day on hope that the higher than estimated surplus transfer by the central bank to the government would ease fiscal and current account deficit concerns.

Government weighing options on using RBI payout

The government is also expected to announce more measures this week to support economic growth.

28 Aug 2019 2:41 AM IST

Worlds first fully working In-screen fingerprint scanner Vivo smartphone.

To create 40,000 jobs, vivo to pump in Rs 7500 cr to ramp up mfg in...

Company had announced an investment plan of Rs 4,000 crore in to ramp up manufacturing of its smartphones in India.

27 Aug 2019 5:35 PM IST

Finance ministry said that the domestic investment of the private sector continued to be affected by the growing contamination of loans advanced in the past, which have now become unsustainable.

Microfinance industry set to cross Rs 1 lakh cr loan portfolio: Report

As per the report, the average ticket size of microfinance lending by banks is Rs 42,249, SFBs Rs 32,946 and NBFC-MFIs...

27 Aug 2019 5:01 PM IST

Ram Vilas Paswan

E-commerce guidelines to be mandatory under consumer protection law:...

The consumer affairs ministry has decided to frame the rules to implement the Consumer Protection Act by December.

27 Aug 2019 4:55 PM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Sensex ends 147 points higher; Tata Motors soars 9 per cent

The 30-share Sensex ended 147.15 points, or 0.39 per cent, higher at 37,641.27.

27 Aug 2019 4:16 PM IST

According to a conservative estimate of Directorate of Revenue Intelligence (DRI), the total market of smuggled gold in India is nothing less than Rs 9,000 crore.

Gold rules flat at Rs 39,670; silver gains Rs 190

Globally, gold was trading higher at USD 1,531.40 an ounce in New York, while silver was up at USD 17.78 an ounce.

27 Aug 2019 3:58 PM IST

Uber has been seeking new avenues of growth, including food delivery services, even as it battles intense competition in its core business of ride hailing.

Uber announces 24x7 safety helpline in India

The 24x7 safety helpline support is a helpful way for riders and drivers to get urgent support.

27 Aug 2019 3:21 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Auto LPG body seeks GST cut, level playing field to spur usage

IAC also sought a reduction in GST on auto LPG kits to 5 per cent from 28 per cent.

27 Aug 2019 3:17 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Windfall from RBI to give govt ammunition to fight slowdown, boost...

The finance ministry has so far not detailed the blueprint of using the surplus from the RBI.

27 Aug 2019 2:25 PM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

India bonds at three-week high, rupee gains after RBI payout to govt

The surplus transfer has assured investors and markets that there is unlikely to be any fiscal slippage.

27 Aug 2019 2:05 PM IST

Maruti Suzukis total sales fell 17.2 per cent in April at 143,245 units. The company had sold 172,986 units in April last year.

Maruti Suzuki cuts 3,000 contract jobs

Auto sales declining for ninth straight month, more auto manufacturers are laying off workers and temporarily halting...

27 Aug 2019 1:28 PM IST