Business

Maruti recalls over 800 units of Ciaz for faulty speedometer

734847-ciazrecall (1)

New Delhi: The country’s largest car maker Maruti Suzuki India (MSI) has announced that several units of the latest Ciaz diesel will be recalled for faulty speedometers. Maruti said that the Ciaz Diesel’s Zeta and Alpha variants manufactured between August 1, 2018 and September 21, 2018 will be recalled for speedometer check and faulty parts will be replaced free of ...

Read More »

Rupee falls below 73 level against US dollar

FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo

New Delhi: The rupee weakened further and dipped by 54 paise to 73.04 against the US dollar Monday, owing to increased demand for the American currency from importers amid increasing global crude oil prices. International benchmark Brent crude was trading higher by 2.04 per cent at USD 71.61 per barrel. Forex traders said besides increased demand for the US currency from ...

Read More »

Car sales growth may slip to a four-year low in FY19 on slow demand

_08c0af3e-e62d-11e8-9b97-bd22f81a225c

New Delhi: The pace of car sales growth in the world’s fifth biggest market, India, is set to hit a four-year low of below six per cent in financial year 2018-19 as multiple factors continue to slow down demand. Leading industry researchers including IHS and JATO have revised sales forecast for the Indian market after a lacklustre festive season. The industry had ...

Read More »

Alibaba nets record $30 billion in Singles’ Day haul, but growth rate plunges

734798-alibabareuters

Shanghai: Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles` Day, but the event`s annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording ...

Read More »

RBI Governor May Resign on 19th November

urjeetbig06nov2018

New Delhi: If the feud between the government and the Reserve Bank of India (RBI) escalates further (as reported by several media organisations), there is a good chance that governor Dr Urjit Patel will throw in the towel at the next board meeting on 19th November. Sources, who are in touch with the governor, say that he is not only ...

Read More »

Realme C1, Realme 2 prices hiked on Flipkart

733687-realmephonesci

New Delhi: With barely three days of announcing a possible price hike, smartphone maker Realme has hiked the price of the  Realme C1 and the  Realme 2 by Rs 1000 and Rs 500 respectively. Realme CEO Madhav Sheth had tweeted on November 4 that the company may have to hike the prices of phones considering the depreciation in Indian rupee. ...

Read More »

Cabinet approves leasing out six AAI airports through PPP

734042-airlinespic

New Delhi: The Union Cabinet chaired by Minister Shri Narendra Modi has given in-principle approval for leasing out six airports of AAI –Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru for operation, management and development under Public Private Partnership (PPP) through Public Private Partnership Appraisal Committee (PPPAC). This is expected to enhance the revenue to AAI and increased economic development in ...

Read More »

Samsung gives first glimpse of foldable phone

733766-samsungfoldable

San Francisco: Samsung Electronics Co Ltd unveiled its much-anticipated foldable phone in San Francisco on Wednesday, urging Android developers to start writing apps for it. Samsung needs to get the foldable phone right to reverse steep declines in profit for its mobile division and restore some of the cachet its brand has lost to Apple Inc . Foldable phones promise ...

Read More »