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German luxury carmaker BMW expects 50 per cent of sales in India to come from SUVs under its X series, according to a top company official.

BMW expects 50 pc of sales in India to come from X series SUVs

It is looking at double-digit growth for the full year despite challenges of price hike due to increase in customs duty.

22 April 2018 8:44 AM GMT

German luxury car maker Audi on Wednesday launched its second generation Audi RS 5 Coupe in India priced at Rs 1.1 crore.

Audi India expects flat growth in 2018

Audi India slipped to the third position in terms of market share after gaining the number one spot in 2015.

20 April 2018 11:46 AM GMT

Reliance Jio is telecom arm of energy giant Reliance Industries led by richest Indian Mukesh Ambani. (Photo: AFP)

Reliance Industries becomes India's largest tax payer in private...

RIL's consolidated net profit for the fourth-quarter of fiscal 2017-18 stood at Rs 9,435 crore.

5 July 2018 10:17 AM GMT

The truck is an electric vehicle built from lightweight composite materials.

Govt notifies phased import duty hike on electric PV parts,...

Basic import duty on battery packs used in manufacturing EV will also be increased to 15 pc from the current 5 pc from...

12 March 2019 3:27 AM GMT

Wheat import duty was raised to 10 per cent to curb shipments. (Photo: PTI)

customs duty, wheat, wheat imports, minimum support price, MSP

The government wants to restrict overseas purchase so that domestic prices of wheat do not come under pressure.

28 April 2019 9:48 AM GMT

The steel exports to the US from China, Japan and South Korea have fallen by 4,88,000 tonne in six months since the imposition of the duty barriers by the Trump Administration.

Budget 2019: Govt hikes customs duty on stainless steel items, alloy...

The current customs duty on stainless steel products is 5 per cent.

5 July 2019 12:02 PM GMT

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

Budget 2019: Cess on petrol, diesel hiked by Re 1 per litre

Finance minister also announced TDS of 2 per cent on cash withdrawal of more than Rs 1 crore from a bank account.

5 July 2019 8:56 AM GMT

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

FinMin asks commerce ministry to assess revenue impact of proposed...

India is looking for a balanced trade agreement, as it would cover 40 per cent of the global gross domestic product.

8 Aug 2019 9:33 AM GMT

The district-level committees will keep a watch on content carried by cable television channels.

TV makers hail scrapping of duty on open cell panel, mfg cost to go...

The announcement has come just ahead of the festive season sales and would positively impact the sales of LED TV panels.

18 Sep 2019 8:16 AM GMT

The price hike only applies to iPhone models that are imported and will not affect those assembled in India such as the iPhone XR and iPhone 7. (Photo | Apple)

High-end iPhones to cost more, as Apple passes on hiked customs duty...

iPhone 11 Pro,11 Pro Max as well as mid-range iPhone 8 series now cost more but iPhone XR and iPhone 7 prices remain...

2 March 2020 2:25 PM GMT

Cooking oils contain saturated, monounsaturated and polyunsaturated fats.

Edible oil duties slashed to curb prices

The government has reduced the basic customs duty and agricultural cess on certain edible oils till March 31, 2022 to...

13 Oct 2021 7:57 PM GMT

Wheat import duty was raised to 10 per cent to curb shipments. (Photo: PTI)

Govt hikes customs duty on wheat to 30 pc to curb cheaper imports

Government's third advance estimate has pegged wheat output at a record 98.61 million tonnes for the 2017-18 crop year.

24 May 2018 6:34 AM GMT