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. Maruti Suzuki India reported a 4% dip in total domestic passenger vehicle wholesales last month to 1,44,962 units compared to 1,50,812 units in the year-ago month….
A worker walks past the logo of Reserve Bank of India inside its office in New Delhi. File | Photo Credit: Reuters The Central government, on Tuesday (October 1, 2024), appointed new monetary policy committee members with immediate effect. The new members are Ram Singh, Saugata Bhattacharya and Nagesh Kumar. They have been appointed by…
Photo used for representation purpose only. Growth in India’s Gross Goods and Services Tax (GST) collections slumped to a 40-month low of 6.5% in September, yielding revenues of ₹1,73,240 crore, about 1% lower than the tally in August. Net GST receipts, after adjusting for refunds made to taxpayers, were 3.9% higher than a year ago,…
The logo of Securities and Exchange Board of India (SEBI). File | Photo Credit: Reuters In a bid to tighten the noose on insider trading, the Securities and Exchange Board of India (SEBI) on Monday decided to expand the definition of “connected persons” who have access to price sensitive information. According to the decision ratified…
Federal Reserve Board Chairman Jerome Powell. File | Photo Credit: AP Federal Reserve Chair Jerome Powell signalled Monday that more interest rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy. Wall Street investors and economists are weighing whether the Fed will follow its larger-than-usual half-point…
Image used for representative purpose only | Photo Credit: istock.com/Getty Images The Centre’s fiscal deficit at the end of the first five months of the current fiscal touched 27% of the full-year target, government data showed on Monday (September 30, 2024). In absolute terms, the fiscal deficit – the gap between expenditure and revenue –…
Tractors and Farm Equipment Limited (TAFE) on Monday said it has filed a contempt petition against US-based AGCO Corporation alleging disobedience of orders of a Commercial Court in Chennai. TAFE also asserted its claims over the ownership of the Massey Ferguson brand. TAFE, the second largest producer of tractors in India and the third largest…
A man stands next to a logo of the Reserve Bank of India (RBI) in Mumbai. | Photo Credit: Reuters India’s current account deficit (CAD) widened marginally to $ 9.7 billion (1.1% of GDP) in Q1:2024-25 from $8.9 billion (1.0% of GDP) in Q1:2023-24 and against a surplus of $4.6 billion (0.5% of GDP) in…
Photo used for representation purpose only. | Photo Credit: Getty Images/iStock The Centre on Monday (September 30, 2024) decided to maintain the same rate of return on small savings schemes for the October to December quarter, marking the third successive quarter of status quo on their rates. The interest rates on small savings schemes such…
Image used for representative purpose only. | Photo Credit: Reuters The growth in production of eight key infrastructure sectors contracted 1.8% in August this year due to a decline in the output of coal, crude oil, natural gas, refinery products, cement and electricity, according to official data released on Monday (September 30, 2024). Fertilisers and…
