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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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Domestic push: Retail investors fill FPI vacuum; metal, IT stocks in demand

Domestic push: Retail investors fill FPI vacuum; metal, IT stocks in demand

Mumbai: Foreign funds' continuous flight from Indian equities has led domestic institutions along with retail investors to go in for a buying spree across sectors.Accordingly, the outflow of foreign funds have made valuations of many "quality stocks" attractive again.Taking advantage of the trend, D...

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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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SC dismisses DMRC's review petition, DHC to hear RInfra's execution plea on Dec 6

SC dismisses DMRC's review petition, DHC to hear RInfra's execution plea on Dec 6

New Delhi: The Supreme Court has dismissed the review petition filed by Delhi Metro Rail Corporation (DMRC) against an SC order, which had upheld the Rs 7,100 crore arbitral award in favour of Reliance Infrastructure arm Delhi Airport Metro Express Pvt Ltd (DAMEPL), on November 23, 2021.Reliance Inf...

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Odisha records 64% growth in GST collection in November

Odisha records 64% growth in GST collection in November

Bhubaneswar: Odisha has recorded 64 per cent growth in GST collection in November compared to the same month of the last fiscal, officials said on Thursday.The state has collected GST of Rs 4,136 crore last month as against Rs 2,528 crore collected in November, 2020.The growth of collection during N...

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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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Kerala asks RBI Gov to withdraw caution notice for Coop Societies

Kerala asks RBI Gov to withdraw caution notice for Coop Societies

Thiruvananthapuram: Kerala Cooperation Minister V.N. Vasavan on Thursday wrote to RBI Governor Shaktikanta Das seeking withdrawal of 'Caution Notice' published by the central bank last month in several Malayalam dailies over various cooperative societies using the word "bank" in their names.The noti...

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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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Oil marketing companies keep diesel, petrol prices unchanged

Oil marketing companies keep diesel, petrol prices unchanged

New Delhi: Oil marketing companies kept diesel and petrol prices unchanged across major Indian cities on Friday.Accordingly, diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively.In the financial capital Mumbai, the prices remained unchanged at Rs 94.14 a...

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