Maruti Suzuki sales decline for second month in a row: Sells 1.45 lakh cars in India
Posted on 1st September 2018 |
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| India's largest carmaker, Maruti Suzuki India has registered a total domestic sales of 145,895 units in the month of August 2018 and has seen a decline in sales by 3.6% as compared to the same month last year. The company had sold 1.52 lakh units in August 2017. The decline in car sales is largely due to the unfortunate floods in Kerala and parts of Karnataka. The decline is also against a higher base in August 2017 that saw a boom in car sales due to the implementation of Goods and Service Tax (GST). In the Indian market, sales of Maruti Suzuki's mini car that includes the cars like the Maruti Suzuki Alto, Maruti Suzuki Wagon R saw an increase in its sales by 1.3% with a total sales of 35,895 units. The compact segment that has Maruti's top-selling cars including Dzire, all-new Swift, Baleno, Ignis and Celerio saw a decline in sales of 3.6% with a total sales of 71,364 units in this segment. The company launched its new 2018 Maruti Suzuki Ciaz facelift in India towards the latter half of the month that saw a sales of over 7000 units. In the UV space, Maruti Suzuki sales dropped by a massive 16.2%. The company's top-selling UVs including the likes of Vitara Brezza, S-Cross and Ertiga's sales stood at 17,971 units as against 21,442 units sold in August 2017. The company also sold 1805 units of its Super Carry LCV. Watch: What's new on 2018 Maruti Suzuki Ciaz and we also decode Mahindra Marazzo MPV Overall, Maruti Suzuki India sold a total of 158,189 units that includes 10,489 units it exported from India. However, the export from the country also declined by over 10%. The company had sold 163,701 (including exports) units last August 2018. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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