Business News

Karnataka welcomes Fintech companies to invest in state

Karnataka welcomes Fintech companies to invest in state

Bengaluru: Seeking to amplify Karnataka's position in the emerging fintech industry, Large and Medium Industries Minister Murugesh R. Nirani on Friday welcomed fintech companies to invest in the state, promising to provide all possible assistance to them.Addressing the 52nd Indian Valuers Congress o...

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Hero MotoCorp launches first dealership in Argentina

Hero MotoCorp launches first dealership in Argentina

New Delhi: Two-wheeler major Hero MotoCorp said on Friday that it has expanded its operations in Argentina.The company has inaugurated its first dealership in Argentina in partnership with Gilera Motors Argentina, which is one of the leading companies in the motor vehicle sector in the Latin America...

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India's Apr-Nov agricultural, processed food exports up 13%

India's Apr-Nov agricultural, processed food exports up 13%

New Delhi: Indias exports of agricultural and processed food products rose by more than 13 per cent during the first eight months of the current fiscal on a year-on-year basis.As per the data furnished by the Ministry of Commerce and Industry, export of products under the Agricultural and Processed ...

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Subdued demand reduced freight rates for mining, cement, steel in November: Crisil

Subdued demand reduced freight rates for mining, cement, steel in November: Crisil

New Delhi: Freight rates for mining, cement, and steel have seen some corrections on-month in November as infrastructure-building activities were subdued, ratings agency Crisil said.However, the fall in rates is not significant in comparison with the reduction in duties for diesel."But this correcti...

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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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