CATEGORIES

Maruti, Hyundai, TaMo report decline in wholesales in Sep

Maruti Suzuki, Hyundai and Tata Motors reported a decline in wholesales in September as the companies curtailed dispatches to dealers to reduce inventory build-up amid a decline in demand.

Adani flagship's $1.3 billion share sale said to start next week

Billionaire Gautam Adani's flagship firm plans to roll out its share sale as early as next week, according to people familiar, marking its return to public equity markets after a scathing short-seller report in 2023 derailed a previous plan, Bloomberg reported.

AI Express-AIX Connect merger complete

Aviation regulator DGCA on Tuesday said the merger of AIX Connect with Air India Express has been completed that sets a new benchmark for future airline consolidation in the country.

Foxconn plans to invest ₹424 cr in HCL semicon JV

Taiwanese electronics manufacturing giant Foxconn will invest up to Rs 424 crore in a semiconductor joint venture it has set up with HCL Group, according to an official note and sources.

‘Digi Yatra to be made available in regional, international languages’

The facility is now available at 24 air- ports and is expected to be rolled out at 4-5 more airports in the coming months

Apple may need to turn to China after Tata plant fire, say sources

Extensive damage from a fire at Tata Group's Apple iPhone component plant in southern India could hamper production ahead of a festive season sales surge, an industry watcher and a source said, forcing the U.S. firm's suppliers to arrange critical parts from China or elsewhere, Reuters reported.

Reliance Infra board clears proposal to raise ₹2,930 cr by issuing bonds to VFSI

Reliance Infrastructure on Tuesday said its board has approved a proposal to raise Rs 2,930 crore by issuing unsecured foreign currency convertible bonds (FCCBs) to VFSI Holdings Pte Limited.

India's power consumption remains flat at 141 bn units in Sep

India's power consumption remained almost flat at 141.36 billion units (BU) year-on-year in September, mainly due to the above-normal rainfall across the country, which reduced the use of cooling appliances like air conditioners and desert coolers.

Mfg sector growth slips to 8-mth low in Sep

HSBC India mfg PMI index

Stock mkts settle flat in highly volatile trade

Benchmark indices Sensex and Nifty edged lower on Tuesday, extending the losing run to the third day amid profit-taking in oil & gas and select FMCG shares.

SEBI announces measures to tighten F&O trading

As retail investors are increasingly incurring losses in equity index derivatives (F&O) trade, SEBI on Tuesday put in place as many as six measures to strengthen the derivatives framework, including raising minimum contract size.

‘Lenders have recovered ₹3.5L cr under IBC’

Lenders have recovered Rs 3.5 lakh crore through resolution of stressed assets under the insolvency process in the last eight years, a period during which NCLT approved 1,000 resolution plans, IBBI Chairperson Ravi Mital said on Tuesday.

Govt appoints Ram Singh, Saugata Bhattacharya, Nagesh Kumar as RBI MPC members

The government on Tuesday appointed three external members -- Ram Singh, Saugata Bhattacharya and Nagesh Kumar -- to the RBI's rate-setting Monetary Policy Committee for four years.

Viksit Bharat 2047 goal tough without rural India's devpt: CAG

Without the development of hinterland, India cannot become Viksit Bharat or a developed nation by 2047, Comptroller and Auditor General of India (CAG) Girish Chandra Murmu said on Tuesday. Noting that decentralisation of power has not taken to the extent it should have happened, he said, gram sabha or rural bodies are yet to get its due importance in the federal structure.

India Inc credit profiles benefit on high growth in H1

CREDIT RATIO | Upgrades improved to 2.75 times in Apr-Sep

Goyal meets Warburg Pincus, Blackstone; seeks investments

Commerce and Industry Minister Piyush Goyal on Tuesday held bilateral meetings with global private equity firm Warburg Pincus and global investment company Blackstone here to discuss investment opportunities in India in sectors like electronics and renewable energy.

Coal output in Sept rises 2% to 68.94 MT

The country's coal production rose 2.49 per cent to 68.94 million tonne (MT) in September, an official statement said on Tuesday. The coal output was 67.26 MT in the corresponding month of previous fiscal.

GST mop-up rises 6.5% to ₹1.73L cr in Sep

Gross GST collection in September grew 6.5 per cent to about Rs 1.73 lakh crore, according to government data released on Tuesday.

Bhokanal to challenge govt over job promise

UNFULFILLED PROMISE | The internationally recognised rower failed to get a state government job for sportspersons since 2017

Cong suspends 10 corporators

The Congress party has suspended 10 corporators of Ardhapur Municipal Council (AMC) for initiating anti-party activities and supporting the BJP. These include the mayor, deputy mayor and corporators.

State nominates 5 MLAs to NMRDA

The state government has nominated all four MLAs from Nashik city to the Nashik Metropolitan Region Development Authority (NMRDA), which was established to develop rural areas within a 30km radius of the municipal limits. Additionally, Legislative Council MLA Kishore Darade has been appointed as a member representing the rural area.

Bringing Bapu's philosophy to the masses

Gandhi Tirtha

CS Rural Police arrest robbery, murder accused

BUSTED | The police claim the accused are history sheeters who stabbed a man while conducting a robbery on Sep 17

Gang attacks youth in city

Following two recent murder incidents in the city, Nashik has once again witnessed a violent assault, creating an atmosphere of fear among residents. On Tuesday, a youth named Akash Dhanwate was attacked by a gang near Marathon Chowk on Gangapur Road.

Local public holiday demanded on Namvistar Divas

The residents have demanded that the day of renaming of Marathwada University as Dr Babasaheb Ambedkar Marathwada University (BAMU) (Namvistar Divas) should be declared as a local public holiday permanently.

Stolen car syndicate kingpin arrested

The Nashik Police have arrested the kingpin of a gang involved in selling expensive stolen cars across state borders. The suspect, Sheikh Nadeem Sheikh Daut (32), a resident of Dhad, district Buldhana, was caught at Shirur of Pune district. After his arrest, it was revealed that two cars stolen from Nashik were sold in Tamil Nadu and Karnataka.

Traditional Dussehra celebration to begin

Dussehra festival has been traditionally celebrated in Hingoli with much fanfare. The celebration will start with the Akashwani programme at Jaleshwar temple on Wednesday. The traditional Dussehra celebration will continue till Oct 13 and the Dussehra Mahotsav Committee has made all the preparations for it.

Ladki Bahin scheme fund embezzled

A Common Service Centre (CSC) operator responsible for Maharashtra's ambitious 'Ladki Bahin' scheme has allegedly duped beneficiaries and embezzled Rs3.19 lakh before fleeing the village.

Chavan demands Vande Bharat extension till Nanded station

BJP Rajya Sabha MP and former chief minister Ashok Chavan has demanded that the journey of the Mumbai - Jalna Vande Bharat train should be further extended till Nanded.

MP CM honours Lokmata's legacy

Chief Minister Mohan Yadav emphasised the remarkable contributions of Lokmata Ahilyabai Holkar in promoting Sanatan culture during a national discussion organized by the Ram Bhau Mahalgi Prabodhini Institute in Pune on Tuesday.