City Union Bank to start pushing non-gold loan advances by FY22-end
He said that post Covid, only 4% to 5% of the transactions has been happening through the branches creating a huge capacity once the growth pace picks up.
EID Parry plans upwards of Rs 350 crore capex for 2 fiscals
EID Parry has been working towards the debt reduction mode on a periodical basis and the debt position has been much better compared to what it was as of March 2021.
Three-wheelers, CVs see jump in retail sales on low base, govt’s infra push
Ashok Leyland registered a growth of 13% in domestic wholesales in October 2021 while Tata Motors' domestic CV sales increased by 20%. All details below.
Two-wheeler majors eye festive boost to retail sales
Eicher Motors company Royal Enfield's sales volumes dropped by 35.4% to 40, 611 units in October 2021 from 62, 858, recorded a year ago. It exported 3,522 units against 4,033 units, registering a decline of 13%.
Ola postpones opening of next purchase window for e-scooters to Dec 16
Ola told the customers in the communication that if they had already paid `20,000 and secured the scooter during the first purchase window on September 15 and 16, then there was no change for them.
SSS Springs announces JV with South Korea’s Daewon for seating systems production
SSS Spring and Daewon enter a joint venture to set up a production facility of advanced seating systems. An investment of 170 crore will be made in two phases over a course of four years.
With separate arm, TVS Motor eyes bigger play in EV space
KN Radhakrishnan, Director and CEO, TVS Motor, said in an earnings call that the company is investing more than Rs 1,000 crore to create an EV portfolio.
Still exploring alternatives for closure-bound factories: Ford
Ford Motor Company last month decided to cease local vehicle manufacturing in India. The company has said that it has nothing to announce relating to a possible takeover of its manufacturing plants by any third party at the m
NCLT allows Valli’s withdrawal plea on earlier waiver petition
“However, based up on just and equitable ground and up on perusal of the application and also based up on the averments made in the application, we are of the considered view that the withdrawal application is required to b
Will work with stakeholders to help the affected workers: Ford
As a part of the exiting local vehicle manufacturing in India, Ford on September 9 had announced it will wind down vehicle assembly in Sanand by the fourth quarter of 2021 and vehicle and engine manufacturing in Chennai by th
NCLT reserves order on Valli Arunachalam’s withdrawal plea on earlier waiver application
The submissions of the counsels centered around Order 23 Rule 1 of the CPC as also the NCLT rules and both side advanced technical arguments on the same, with AIL pleading that the withdrawal application should not be allowed
Tube Investments may enter two-wheeler EV market if there is profit pool: MD
In a recent earnings call, Vellayan Subbiah, MD, TII, told analysts he has been hearing from suppliers and competitors that even with the subsidies available, over time, some of the newer electric two-wheeler OEMs seem to be
Slippages this fiscal will be little below FY21 level: City Union Bank chief
At a recent earnings conference call, N Kamakodi, MD & CEO of CUB, said the total incremental slippages will be slightly better than the last financial year. The bank is expecting a better recovery in the second half of the c
Better realisation from sugar retail sales boosted bottom line in FY21: EID Parry
S Suresh, MD, EID Parry, in a message to shareholders in the annual report 2021, said its focus on improving efficiencies in the systems and processes, lowering interest cost, and better realisation from sugar retail and alco
TTK Healthcare eyes expansion for its medical devices business
The single centric clinical trial for the new model titanium valve would commence during the first half of the current year, according to the company.
Nissan committed to offering competitive package to employees at Renault-Nissan’s plant
Workers union at Chennai plant, Renault Nissan India Thozhilalar Sangham (RNITS) filed an industrial arbitration suit demanding Rs 20,000 as a monthly interim settlement after the expiry of a previous wage agreement in March
Wabag aims to be among world’s top three water technology firms
Rajiv Mittal, MD, VA Tech Wabag said the company will continue to maintain the fourfold focus in its long-term strategy by concentrating on emerging markets, asset-light business, technology while serving as a pure-play water
Domestic business to revive in second half, says Wheels India
The construction equipment market where the company is a supplier of wheels globally too is likely to grow this year.
TVS Motor looks to launch products in mid-to-premium segment to fill the gap
TVS is also making big moves on the EV front, it has earmarked `1,000 crore for the development of a full range of electric vehicles (EV) portfolio.
Capacity creation will help us grow in south, east markets: Ramco Cements
PR Venketrama Raja, chairman and MD, Ramco Cements, said its new capacities, coupled with a strong and growing distribution network, will help the company foray into new markets.
Priority is to bring CG Power back on track, says Tube MD
Subbiah said the rationale behind the acquisition was not only to drive inorganic growth but also to de-risk TII from the auto business and its cyclicality.
MRF working on developing raw materials locally to cut imports
It is expected that despite the current unstable pandemic scenario across many global markets, the coming year should continue to see good demand for the company's products across all categories.
Thrust on light-weighting of vehicles to help grow fast: Sundaram-Clayton
Sundaram-Clayton believes, in long term, due to stringent emission norms, fuel economy regulations and adoption of alternate drivetrain technologies, the thrust towards light-weighting was bound to increase, leading to higher
Covid compliance: Tussle at Renault-Nissan plant resolved
Taking note of the union's agreement to the report findings, the court has ordered the closure of the case.
TVS Motor Company working to leverage opportunities in less Covid-hit countries
TVS Motor’s two-wheeler exports in 2020-21 stood at 7.6 lakh units, with a growth of 12% over 2019-20.
Valli Arunachalam accuses Murugappa family members of delaying tactics in NCLT
Valli, her sister and their mother, MV Valli Murugappan, have moved the Chennai bench of NCLT seeking waiver of the minimum 10% shareholding required to ensure the alleged oppression and mismanagement case against AIL is main
Truck operators feel the heat
A survey said more than 50% of operators saw a substantial (over 25%) drop in market demand as against the March levels.
Advertisement
US Stock Market
View All- How to invest in FAANG stocks from India
- Facebook’s Meta ticker trades in Canada, ignores U.S. delay
- US stock futures rally as traders take Powell’s ‘Time to retire the word Transitory’ remark in their stride
- U.S. stock investors ‘willing to be patient’ with Omicron, RBC survey shows
- Cybersecurity ETFs to consider amidst increasing threat from Internet crimes
Most Read
- DoT releases bank guarantee of around Rs 9,200 cr of Airtel, VIL, Jio
- Corona LIVE: Can Omicron variant trigger third wave in India? Modi govt issues FAQs
- MeitY releases national strategy on blockchain for its adoption in govt systems
- Impact investing grows 26 % annually last decade, but 97% inflow from offshore players: Report
- How to choose the best travel insurance to protect your travel plans from getting derailed
- Cyclone Jawad to reach Andhra Pradesh, Odisha tomorrow; latest updates here
- UP Elections 2022: People will send Akhilesh Yadav in isolation this time, BJP to win over 325 seats, Yogi Adityanath
- Online and offline education need to co-exist in the modern world
- Mukesh Ambani backs data privacy, cryptocurrency bills
- WhatsApp update: Different skin tones for couple emojis to undo status update shortcut, top features in the works
Advertisement
Top News
- DoT releases bank guarantee of around Rs 9,200 cr of Airtel, VIL, Jio
- Corona LIVE: Can Omicron variant trigger third wave in India? Modi govt issues FAQs
- MeitY releases national strategy on blockchain for its adoption in govt systems
- Impact investing grows 26 % annually last decade, but 97% inflow from offshore players: Report
- How to choose the best travel insurance to protect your travel plans from getting derailed
- Cyclone Jawad to reach Andhra Pradesh, Odisha tomorrow; latest updates here
- UP Elections 2022: People will send Akhilesh Yadav in isolation this time, BJP to win over 325 seats, Yogi Adityanath
- Online and offline education need to co-exist in the modern world
- Mukesh Ambani backs data privacy, cryptocurrency bills
- WhatsApp update: Different skin tones for couple emojis to undo status update shortcut, top features in the works
Advertisement
