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For the ninth month in a row, the bloodbath in the automobile market continues, with sales of all vehicle segments staying in the red in July.

Car sales at 2-decade low

According to Siam in the previous downturns the sector witnessed in 2008-09 and 2013-14, at least some of the segments...

14 Aug 2019 1:31 AM IST

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

Banks report reduction in NPA; seek steps to address stress in NBFCs:...

Participating banks suggested that government should simplify GST framework and lower GST rates to enhance tax...

13 Aug 2019 6:35 PM IST

The Samsung QLED 8K TV will be available in four sizes.

TV sales dip; manufacturers ask govt to lower GST

Manufacturers are attributing the fall in demand to overall low consumer sentiments.

11 Aug 2019 6:19 PM IST

Anand Mahindra.

'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

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.

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

Auto sector employs over 35 mn, contributes more than 7 per cent to GDP and accounts for 49 per cent of manufacturing GDP.

Fund crunch speeds auto slump

Non-banking finance companies (NBFCs), or shadow banks, have dramatically slashed lending following the collapse of ...

5 Aug 2019 4:28 AM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

RBI may go for another rate cut on Oct 4: Experts

RBI has already slashed the repo rate (short-term borrowing rate) four times aggregating to 1.10 percentage points since...

29 Sept 2019 4:33 PM IST

Deepak Parekh of HDFC.

All macros favouring India, companies should pass on tax cuts to...

Our tax rates have become very competitive with government's move to lower corporate tax rates, said banker Deepak...

26 Sept 2019 5:17 PM IST

Prime Minister Narendra Modi (Photo: PTI)

Modi's big tax cut unlikely to spur job bonanza in India

India's unemployment rate reached 8.19 pc in Aug, up from 6.27 pc in the same month last year.

26 Sept 2019 9:24 AM IST

The company welcomed recent rationalisation of corporate tax rates.

Impact of new GST rates for caffeinated drinks to be minimal: Varun...

The GST Council raised tax on caffeinated beverages from 12 per cent to 28 per cent and imposed a 12 per cent cess.

23 Sept 2019 2:59 PM IST

Unfortunately, the government is still not seeing this slowdown as an opportunity for investment, increasing productivity and exports, Desarda said. (Photo: Twitter)

Govt lost chance to strengthen economy 5 yrs back: Economist Desarda

India's GDP growth slowed for the fifth consecutive quarter in April-June 2019 to 5 per cent, the lowest in six years.

22 Sept 2019 10:56 AM IST

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

Auto industry has to find its own balance to enhance demand: SIAM

At present, 60 per cent of auto components are taxed at 18 per cent.

21 Sept 2019 12:17 PM IST