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Maruti Suzuki India’s September sales down 24.4%

New Delhi, Oct 1 (udaipur kiran) Maruti Suzuki India on Tuesday reported a 24.4 per cent decline in its total vehicle sales, including exports, during September 2019 on a year-on-year (YoY) basis. A total of 122,640 units, including exports, were sold last month, compared to 162,290 vehicles in September 2018, ... Read More »

Amid PMC crisis, RBI says Indian banking system stable

Mumbai, Oct 1 (udaipur kiran) Allaying fears of a crisis in the country’s banking system, the Reserve Bank of India (RBI) on Tuesday said that Indian banking system is safe and stable and there is not need to panic on “rumours”. The statement comes against the backdrop of the revelation ... Read More »

MOIL gains on signing MoU with GMDC for joint venture

MOIL is currently trading at Rs. 139.95, up by 3.15 points or 2.30% from its previous closing of Rs. 136.80 on the BSE. The scrip opened at Rs. 140.90 and has touched a high and low of Rs. 144.30 and Rs. 136.50 respectively. So far 77162 shares were traded on ... Read More »

GST collections fall 2.67% YoY to Rs 91,916 cr in Sep

New Delhi, Oct 1 (udaipur kiran) Reflecting consumption slowdown in the economy, the Goods and Services Tax (GST) collection fell 2.67 per cent to Rs 91,916 crore in September on a year on year basis. This is yet another month in a row when GST mop-up has slipped below Rs ... Read More »

IDBI Bank unveils repo-based lending, bulk deposit rates

Mumbai, Oct 1 (udaipur kiran) The IDBI Bank on Tuesday introduced repo-linked lending and bulk deposit rates, meeting the RBI deadline. The IDBI Bank has decided to adopt the Reserve Bank of India’s policy repo rate as an external benchmark. Accordingly, all floating rate retail and MSE loans will be ... Read More »

RBI may opt for 25 bps cut to boost growth: Experts

By Anjana Das New Delhi, Oct 1 (udaipur kiran) The Reserve Bank of India (RBI) is likely to cut policy rates by 25 basis points (bps) on Friday and is expected to continue with the accommodative stance to support the recent government measures like reducing corporate tax to boost economic ... Read More »

Four Indian companies win Deming Prize for TQM

Chennai, Oct 1 (udaipur kiran) Four Indian companies have won the prestigious Deming prize for implementing Total Quality Management (TQM) for the year 2019, the Union of Japanese Scientists and Engineers (JUSE) said on Tuesday. The Deming Prize is one of the most prestigious global awards on TQM. An Indian ... Read More »

PMC Bank created dummy accounts to hide HDIL’s NPAs

Mumbai, Oct 1 (udaipur kiran) Days after fraud involving PMC Bank came to light, it now transpires that the rot was deep and the management hid it from the regulator RBI to save its reputation. The bank even opened a number of dummy accounts to replace the stressed accounts held ... Read More »

Ashok Leyland’s September sales plunge 55%

Chennai, Oct 1 (udaipur kiran) Commercial vehicles major Ashok Leyland Ltd on Tuesday reported a 55 per cent drop in sales last month as compared to sales logged during the corresponding month in 2018. In a statement here, the company said it sold a total of 8,780 units last month, ... Read More »

Dr. Lal PathLabs’ arm gets nod for signing binding term sheet

Dr. Lal PathLabs’ wholly owned subsidiary — Pathlabs Unifiers has received approval for signing binding term sheet for acquisition of 70% equity stake in a ‘New Company to be incorporated’. The Board of Director of Pathlabs Unifiers at their meeting held on October 01, 2019, approved the same. According to ... Read More »

Dish TV India launches skill for Amazon Alexa in India

Dish TV India has unveiled a skill for Amazon Alexa in India, to further enhance the TV viewing experience for its d2h customers. d2h skill will allow subscribers to use voice commands through Alexa to surf a wide range of content and get up-to-date information of their d2h account. Dish ... Read More »

Westlife Development trades in green on the bourses

Westlife Development is currently trading at Rs. 295.00, up by 0.20 points or 0.07% from its previous closing of Rs. 294.80 on the BSE. The scrip opened at Rs. 300.10 and has touched a high and low of Rs. 304.70 and Rs. 291.00 respectively. So far 1119 shares were traded ... Read More »