Automobile sales in India across categories declined 19.08 percent in February as economic slowdown continued to hit demand, besides lower production in view of transition to BS-VI emission norms affecting wholesale dispatches, auto industry body SIAM said on Friday
Tough task ahead for govt to meet divestment target, global manufacturing sector shrinking; all this and more on Moneycontrol Pro
Divestment through the exchange-traded funds route of CPSE and Bharat 20 and a small IPO from railway ticketing company IRCTC is unlikely to help the government meet its target.
Auto sector crisis: Amid dip in revenue, govt may not cut tax to spur demand; carmakers should be ready to compromise on price front
Srivastava also pointed out that India's auto sector had seen its best growth in the 7-8 years that Uber and Ola came into existence.
The correction in NBFCs is a testimony of the change in sector dynamics.
Annual retail food inflation eased to 1.37 percent last month from a revised 2.03 percent in November, helped by lower prices of vegetables and pulses.
Clearly the impact of demonetisation is more pronounced on those categories where a large number of units are not financed and those where a majority of sales happen in the rural areas
Sales fell 18.66 percent in December to 1.2 million units, the biggest monthly drop since the same month in 2000,
Bigger concern of the lingering cash shortage and its impact on the overall economy in the coming months triggered panic selling in stocks of sectors which had direct bearing due to the note ban decision
In March, Maruti Suzuki India's domestic sales increased by 14.6 per cent to 1,18,895 units
Two days after Finance Minister P Chidambaram painted a somewhat rosy picture of the economy here is a bit of news that questions the veracity of his claims.