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Tata Motors, Mahindra and Mahindra plan production cuts amid slowing demand for vehicles
Business

Tata Motors, Mahindra and Mahindra plan production cuts amid slowing demand for vehicles

Indian automakers Tata Motors Ltd and Mahindra and Mahindra Ltd (M&M) said on Friday they would cut production at some plants in response to slowing demand that industry executives say has driven the sector into one of its worst downturns

Mahindra and Mahindra to suspend production for 8-14 days in Q2 across plants to align with demand
Business

Mahindra and Mahindra to suspend production for 8-14 days in Q2 across plants to align with demand

Homegrown auto major Mahindra & Mahindra (M&M) said on Friday that it will be suspending automobile production for 8-14 days in the ongoing quarter in various plants to align production with demand

Sensex up over 250 points, Nifty above 11,100-mark on gains in banking, energy stocks; Vedanta, Hero MotoCorp, RIL rally
Business

Sensex up over 250 points, Nifty above 11,100-mark on gains in banking, energy stocks; Vedanta, Hero MotoCorp, RIL rally

Sensex was trading 238.59 points or 0.64% higher at 37,565.95 at 0945 hours and Nifty too rose 73.10 points or 0.66% to 11,105.55.

Mahindra and Mahindra AGM: Cut taxes or rollback cess as auto gloom deepens, says chairman Anand Mahindra
Business

Mahindra and Mahindra AGM: Cut taxes or rollback cess as auto gloom deepens, says chairman Anand Mahindra

Pitching for a lower GST or a rollback of the cess to pull the automobile industry out of the slowdown, M&M group chairman Anand Mahindra on Wednesday said that a revival of the industry would have a ripple effect on the entire economy

Mahindra & Mahindra's consolidated PAT declines 52.6% to Rs 894.11 cr in June quarter, hit by lower vehicle sales
Business

Mahindra & Mahindra's consolidated PAT declines 52.6% to Rs 894.11 cr in June quarter, hit by lower vehicle sales

The company had posted a consolidated profit after tax of Rs 1,884.66 crore in the corresponding quarter of the previous financial year

Sensex rallies over 250 points on heavy buying in auto, banking stocks; Tata Steel, ICICI Bank among top gainers
Business

Sensex rallies over 250 points on heavy buying in auto, banking stocks; Tata Steel, ICICI Bank among top gainers

On Monday, Sensex fell 196.82 points to close at 37,688.28, and Nifty declined 95.10 points to settle at 11,189.20

Auto stocks see massive selling, tank up to 6.5% on proposal to hike registration fees for old, new vehicles
Business

Auto stocks see massive selling, tank up to 6.5% on proposal to hike registration fees for old, new vehicles

Auto stocks tumbled up to 6.5 percent on Monday as investor sentiment were hit after decision to reduce tax rate on electric vehicles and proposal to hike registration fees for old and new vehicles

Sensex, Nifty start on a cautious note in early trade tracking global cues; banking stocks among top gainers
Business

Sensex, Nifty start on a cautious note in early trade tracking global cues; banking stocks among top gainers

Sensex was trading 3.11 points or 0.01 percent higher at 37,834.09 at 0945 hours and the Nifty was also quoting flat at 11,252.15.

Sensex falls over 100 points after IMF cuts India's growth outlook; massive foreign fund outflows too hit market
Business

Sensex falls over 100 points after IMF cuts India's growth outlook; massive foreign fund outflows too hit market

After swinging nearly 250 points in opening session, the Sensex was trading 104.13 points or 0.27% lower at 37,878.61 at 0930 hours

Sensex drops over 100 points; bank stocks drag; heavy foreign fund outflow, weak monsoon hurt investor sentiment
Business

Sensex drops over 100 points; bank stocks drag; heavy foreign fund outflow, weak monsoon hurt investor sentiment

In the previous session, the Sensex cracked 305.88 points or 0.80 percent to settle at 38,031.13, and the broader NSE Nifty sank 82.10 points 0.72 percent to close at over two-month low of 11,337.15.

Sensex drops over 200 points, Nifty below 11,550-mark in early trade; foreign fund outflows, disappointed earnings dent sentiment
Business

Sensex drops over 200 points, Nifty below 11,550-mark in early trade; foreign fund outflows, disappointed earnings dent sentiment

The market opened over 150 points, but surrendered all gains to trade 201.04 points or 0.52% lower at 38,696.42 at 0955 hours

Sensex drops over 100 points, Nifty dips in early trade amid weak cues from global markets; Yes Bank plunges over 10%
Business

Sensex drops over 100 points, Nifty dips in early trade amid weak cues from global markets; Yes Bank plunges over 10%

Yes Bank was the biggest loser, cracking over 10 percent after the company reported a massive slump of 92.44% in its consolidated net profit

Mahindra and Mahindra total sales fall 6% to 42,547 units in June, exports down 11%
Business

Mahindra and Mahindra total sales fall 6% to 42,547 units in June, exports down 11%

Automobile major Mahindra and Mahindra (M&M) on Monday reported a 6 percent fall in total sales to 42,547 units in June

Market turns cautious amid weak global cues as G20 meet begins; auto, bank stocks among top losers
Business

Market turns cautious amid weak global cues as G20 meet begins; auto, bank stocks among top losers

Top losers in the Sensex pack were Bharti Airtel, Yes Bank, IndusInd Bank, ICICI Bank, Tata Motors, Bajaj Auto, M&M, RIL, Axis Bank and HDFC Bank, shedding up to 1.09 percent.

Sensex rises over 100 points, Nifty above 11,850-mark on positive cues from global markets ahead of G-20 summit
Business

Sensex rises over 100 points, Nifty above 11,850-mark on positive cues from global markets ahead of G-20 summit

Sensex was trading 88.07 points or 0.22% higher at 39,680.15 at 0930 hours while NSE Nifty was quoting 25.20 points or 0.21% up at 11,872.75

Sensex rises over 150 points, Nifty above 11,800 in early trade; L&T, Sun Pharma, ICICI Bank among top gainers rising over 2%
Business

Sensex rises over 150 points, Nifty above 11,800 in early trade; L&T, Sun Pharma, ICICI Bank among top gainers rising over 2%

After swinging over 200 points within the first 15 minutes of trade, Sensex pared opening losses to trade 111.08 points, higher at 39,546.02 at 0930 hours

Sensex tanks over 300 points after RBI rate cut, Nifty below 12,000-mark; financial stocks drag
Business

Sensex tanks over 300 points after RBI rate cut, Nifty below 12,000-mark; financial stocks drag

Sensex was trading 333.32 points, or 0.83 percent lower at 39,750.22, and the broader Nifty fell 114.35 points or 0.95 percent to 11,907.30

Sensex, Nifty start on a cautious note ahead of RBI policy outcome; bank stocks, Airtel among top losers
Business

Sensex, Nifty start on a cautious note ahead of RBI policy outcome; bank stocks, Airtel among top losers

Sensex was trading 31.03 points or 0.08% lower at 40,052.51 while the Nifty slipped 18.20 points or 0.15% to 12,003.45