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According to FADA, while inventory came down in the cars and SUVs segment, there was no respite for two-wheeler dealers.

Automobile sales down 7.5 per cent: FADA

Two-wheeler sales took the biggest hit, followed by commercial vehicles, cars and SUVs and the three-wheelers.

15 Jun 2019 1:52 AM IST

Traders body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.

Flipkart settles dispute with GOQii

The court, as an interim measure, ordered sales of the devices to be halted on Flipkart.

15 Jun 2019 1:50 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

No clear trend emerging on Nifty

The market witnessed a sharp fall in the last hour of trade.

15 Jun 2019 1:48 AM IST

The second largest three-wheeler maker in the country, Piaggio will start pilot production of the electric three-wheeler, powered by a 4.5 kw motor, in September this year.

Piaggio to bring e-three-wheeler by third quarter

Sun Mobility is headed by Chetan Maini, who had founded Reva Electric Car Company, which was later acquired by Mahindra...

15 Jun 2019 1:47 AM IST

The value-eroding negative bond yield environment as well as the spate of political worries has underpinned the flight to gold in the recent past.

Gold surges Rs 340 as global rates firm up

In the Delhi spot market, gold prices rose by Rs 300 to Rs 33,870 per 10 gram and silver surged by Rs 550 to Rs 38,400...

15 Jun 2019 1:43 AM IST

HDFC sells 4.2 per cent stake to delink Gruh

After completion of the sale of shares, Gruh would cease to be an HDFC subsidiary, the company said.

15 Jun 2019 1:41 AM IST

The weight of private banks, which is the top sector holding of the mutual funds, was up for the eighth successive month to climb to a new high of 19.7 per cent.

MFs prefer capital goods, financials and cement

The weight of defensives' decreased 110 bp to 26.8 per cent.

15 Jun 2019 1:39 AM IST

In January 2018, after the table change for fixed speed ACs and variable speed ACs, the prices of air-conditioners had gone up by 15 per cent.

Cooling appliances see double-digit growth

HDFC Securities finds that demand for low-priced products was higher this summer against last summer.

15 Jun 2019 1:37 AM IST

Indian services sector activity returned to its growth track in March, driven by greater inflows of new work.

India's services exports up 2.8 pc to USD 18.06 bn in April

The services sector receipt or exports during April 2018 stood at USD 17.56 billion.

14 Jun 2019 7:26 PM IST

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

Rupee loss widens by 30 paise to 69.80 against US dollar

Weak Asian currencies and an intense sell-off in domestic equities also put pressure on the Rupee.

14 Jun 2019 7:13 PM IST

I appeal to Sonia Gandhi to rise above vote bank politics. I would also request the same from Mayawati and Mamata Banerjee, Union Minister Ravi Shankar Prasad said. (Photo: Twitter | ANI)

'Cross-border data movement under new law may be allowed on basis of...

India will uphold its data sovereignty. That will not be negotiable, said IT and Telecom Minister Ravi Shankar Prasad.

14 Jun 2019 7:04 PM IST

Defence Minister Nirmala Sitharaman said that two senior officers whose named are mentioned in the purported letter have denied signing it. (Image: ANI twitter)

Spend more on education, hygiene, woman safety: social sector experts...

They asked FM to levy higher taxation on sweetened and salted products, rationalise taxes on medical devices.

14 Jun 2019 5:52 PM IST