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Auto experts said the fall in automobile sales were due to lack of liquidity in the financial system, decline in overall economic activity and an increase in prices of vehicles across segments.Business
Indian auto executives seek tax cuts, easier finance access to revive...

Executives from across the sector also asked the government to provide incentives to scrap old vehicles.

8 Aug 2019 9:18 AM IST

This law allowed the government the discretion to describe troublesome civil society organisations as political , and thus to prevent their access to foreign funding.Business
You are now in a Black Mirror episode

Recent steps by the Indian government, take us closer to a world of automated surveillance.

8 Aug 2019 9:01 AM IST

More than 2,700 flights have now been cancelled since the start of the walkout, causing travel disruptions for over 345,000 passengers, Lufthansa said in a statement. (Photo: AP)Business
Lufthansa to launch new flight between Bengaluru and Munich

5 times weekly flight to be operated by state of the art A350-900.

8 Aug 2019 8:57 AM IST

Economic Affairs Secretary Shaktikanta DasBusiness
RBI cuts rate 0.35 per cent, EMIs set to fall

The RBI itself has reduced its growth estimate down to 6.9 per cent for FY20, from the seven per cent it had projected...

8 Aug 2019 1:59 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.Business
Rupee skids for 5th day; drops 8 paise to 70.89 vs USD

This is the fifth straight session of loss for the domestic currency, during which it has lost a hefty 210 paise.

7 Aug 2019 7:43 PM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
RBI cuts risk weight on consumer loans to 100 per cent

On a review, it has been decided to reduce the risk weight for consumer credit, including personal loans, RBI statement...

7 Aug 2019 7:35 PM IST

NDTV founder Prannoy Roy. (Photo: Twitter | ANI)Business
SAT upholds Rs 2 crore fine on NDTV for disclosure lapses

It also upheld Rs 19 lakh penalty on the company as well as three officials, including promoters Pranoy Roy and Radhika...

7 Aug 2019 7:05 PM IST

Anand Mahindra.Business
'Cut taxes or rollback cess as auto gloom deepens': Anand Mahindra

As many as 3.50 lakh jobs have reportedly been lost in the auto industry since the start of the fiscal.

7 Aug 2019 6:54 PM IST

Representational image of an Indigo aircraft.Business
Gangwal's fear Bhatia group could push questionable decisions does no...

The differences between the two promoters came into the public after Rakesh Gangwal had sought Sebi's intervention.

7 Aug 2019 6:04 PM IST

Domestic car sales also ticked up to 1,72,623 units as against 1,64,559 in February last year, up 4.9 per cent.Business
Auto industry seeks stimulus package from government

In a meeting with Finance Minister, industry representatives drew attention to challenges faced by the auto industry.

7 Aug 2019 5:09 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.Business
Sensex slumps 286 points as RBI cuts growth forecast; rate-sensitive...

RBI reduced its growth projection for the Indian economy to 6.9 per cent for the current financial year.

7 Aug 2019 4:08 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.Business
Gold hits all-time high, nears Rs 38,000; silver surges Rs 650

Gold is trading at Rs 1,113 to hit an all-time high of Rs 37,920 per 10 gram on sustained buying from jewellers.

7 Aug 2019 3:57 PM IST

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