Business News

Retail cement prices likely to touch record high in FY22: Crisil

Retail cement prices likely to touch record high in FY22: Crisil

New Delhi: Cement retail prices are expected to touch an all-time high of Rs 400 per bag in FY22 due to high input costs.Coal and diesel are the major inputs used in the sector. After rising by an average Rs 10-15 per bag since August, a rise by another Rs 15-20 is likely over the next few months, r...

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Easing Covid curbs lift India's October domestic air passenger traffic: IATA

Easing Covid curbs lift India's October domestic air passenger traffic: IATA

New Delhi: Easing Covid restrictions as well as accelerated vaccination drive and rising economic activity pushed India's October domestic air passenger traffic higher on a year-on-year basis.The traffic rose 64.9 per cent over October 2020 level. However, it was down 27 per cent when compared to th...

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Audi India to hike prices across model range from Jan 2022

Audi India to hike prices across model range from Jan 2022

Mumbai: Luxury car manufacturer Audi India plans a price increase of up to 3 per cent across its entire model range owing to rising input and operational costs, effective from January 1, 2022."To offset rising input and operational costs, a price correction is necessary," Audi India head Balbir Sing...

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Mercedes-Benz delivers 1,000 cars through direct selling model

Mercedes-Benz delivers 1,000 cars through direct selling model

New Delhi: Luxury carmaker Mercedes-Benz India on Thursday said it has delivered 1,000 cars through its 'Retail of the Future' business model.The carmaker had announced this business model in June this year, and subsequently, launched it in October, post the successful beta testing.Through the model...

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Maruti Suzuki to hike vehicle prices from Jan 2022

Maruti Suzuki to hike vehicle prices from Jan 2022

New Delhi: Automobile major Maruti Suzuki India on Thursday announced that it will hike prices of select models with effect from January 2022.In a regulatory filing, the company attributed the decision to increase in input costs."Over the past year, the cost of company's vehicles continue to be adve...

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Hyundai's November sales fall 17% amid chip shortage

Hyundai's November sales fall 17% amid chip shortage

Seoul: South Korea's biggest carmaker Hyundai Motor saw sales fall 17 per cent last month from a year earlier amid global chip shortages.Hyundai Motor sold 3,12,602 vehicles in November, down from 3,77,193 units a year earlier, the company said in a statement.Sales in South Korea declined 11 per cen...

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Lisa MacCallum to steer Adani Transmission's sustainable business goals

Lisa MacCallum to steer Adani Transmission's sustainable business goals

New Delhi: Adani Transmission Limited (ATL), the largest private transmission company in India and a key listed entity of the diversified Adani Group of Companies on Thursday announced the appointment of Lisa MacCallum, as an independent director to bring a new level of knowledge and experience to A...

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Swiggy to infuse Rs 5,250 Cr in quick grocery service Instamart

Swiggy to infuse Rs 5,250 Cr in quick grocery service Instamart

Bengaluru: Online food delivery platform Swiggy on Thursday announced to invest $700 million (over Rs 5,250 crore) in its express grocery delivery service Instamart that delivers groceries in 15-30 minutes -- at a crucial time when its closest rival Zomato discontinued its in-house grocery delivery ...

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Inflationary dent: Automakers plan price hike on rising input costs

Inflationary dent: Automakers plan price hike on rising input costs

New Delhi: Several automakers have decided to hike prices of select models from January 2022 on the back of rising input costs.Citing increase in input costs, automobile major Maruti Suzuki India said that it will hike prices of select models with effect from January 2022."Over the past year, the co...

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Subdued festive demand dents Hero MotoCorp's November sales

Subdued festive demand dents Hero MotoCorp's November sales

New Delhi: Late withdrawal of this year's monsoon season, along with a subdued festive season demand, dented two-wheeler major Hero MotoCorp's total sales during November on a year-on-year basis.The total sales during last month declined to 349,393 units from 591,091 units sold during the correspond...

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