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Maruti dominates passenger vehicle sales in Aug, 6 models in top ten list
Posted on 19th September 2018
Maruti Suzuki India (MSI) continued its hold on the Indian passenger vehicles market with its models occupying the first six positions in the top ten best selling list in August.

According to data from Society of Indian Automobile Manufacturers, the company's entry-level car Alto topped the list, selling 22,237 units in August.

In the same month last year, the model was at second position selling 21,521 units.

MSI's compact sedan DZIRE sold 21,990 units last month moving down to the second spot. It had occupied the first position in the year-ago month with 30,934 units.

At the third position, the premium hatchback Swift from the MSI stable sold 19,115 units last month. It was at the sixth position in August 2017 selling 12,631 units.

Coming at the fourth position in August this year was Baleno with 17,713 units, moving down a slot from last year when it sold 17,190 units.

Another hatchback from MSI, Wagon R retained its fifth position with 13,658 units in August. It had sold 13,907 units in the same month last year. The company's compact SUV Vitara Brezza stood at sixth position with 13,271 units down from the fourth position last year.

Rival Hyundai's compact hatchback Grand i10 occupied the seventh position with the sale of 11,489 units. The company's premium hatchback Elite i20 stood at eighth position with 11,475 units.

Another model from the Hyundai stable, Creta, occupied the ninth position with the sale of 10,394 units. Honda's compact sedan Amaze stood at the tenth position with sales of 9,644 units.

Related Companies: Maruti Suzuki India Limited   

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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
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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.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
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.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
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).


Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
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.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
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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