Finance News

Tata Motors' November sales up 25% YoY

Tata Motors' November sales up 25% YoY

New Delhi: Automobile manufacturer Tata Motors on Wednesday reported a rise of 25 per cent in its total sales in November on a year-on-year basis.Accordingly, the total sales rose to 62,192 units during the month under review from 49,650 units sold during November 2020. Notably, the company's total ...

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Maruti Suzuki's November sales fall to 139,184 units

Maruti Suzuki's November sales fall to 139,184 units

New Delhi: Semiconductor shortages subdued automaker Maruti Suzuki's production and sales in November.Total sales last month fell on a year-on-year basis to 139,184 units from 153,223 units during the same period of the corresponding year.Besides, domestic sales were 113,017 units, and sales to othe...

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Kia's November sales fall 13% on chip shortage

Kia's November sales fall 13% on chip shortage

Seoul: South Korea's second-largest automaker Kia on Wednesday said its sales fell 13 percent last month from a year earlier as a global chip shortage continued to affect its production.Kia sold a total of 2,22,232 vehicles in November, down from 2,56,215 units a year ago, the company said in a stat...

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November healthy sales boost India's manufacturing sector: PMI

November healthy sales boost India's manufacturing sector: PMI

New Delhi: Healthy sales boosted the growth of India's manufacturing industry in November, with the headline seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) rising to 57.6 (index reading) in November as against 55.9 in October.The headline figure was well above it...

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IT spending in India to cross $100 bn in 2022: Gartner

IT spending in India to cross $100 bn in 2022: Gartner

Mumbai: Driven by a surge in digital transformation owing to the pandemic, the IT spending in India is forecast to total $101.8 billion in 2022, an increase of 7 per cent from 2021, global market research firm Gartner said on Wednesday.In 2022, all segments of IT spending in India are expected to gr...

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India's November exports rise over 26%, imports over 57%

India's November exports rise over 26%, imports over 57%

New Delhi: India's merchandise exports in November rose to $29.88 billion, higher by 26.49 per cent on a year-on-year basis, preliminary data showed on Wednesday.Exports in November 2020 stood at $23.62 billion.According to the data furnished by the Ministry of Commerce and Industry, last month's ex...

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India's renewable growth rate accelerating faster: IEA

India's renewable growth rate accelerating faster: IEA

New Delhi: With India set to come out on top in terms of the rate of growth, doubling new installations compared to 2015-2020, the growth of the world's capacity to generate electricity from solar panels, wind turbines and other renewable technologies is on course to accelerate over the coming years...

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Income Tax searches at Tamil Nadu's Supermarket chain

Income Tax searches at Tamil Nadu's Supermarket chain

Chennai: The Income Tax department is conducting searches at several premises of the Supermarket Chain, Saravana Super Stores on Wednesday. Around 100 teams of IT sleuths are involved in the searches at different locations in Chennai, Madurai, and Coimbatore.According to sources in the IT department...

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November GST collection rises to over Rs 1.31 lakh Cr

November GST collection rises to over Rs 1.31 lakh Cr

New Delhi: India's GST collection rose on both sequential and year-on-year basis in November.The gross GST collection rose to Rs 1,31,526 crore last month, and it was the second straight month when the gross GST collection crossed Rs 1.30 lakh crore.Besides, the GST revenue for November 2021 was 25 ...

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Healthy macro-data buoys equity indices; Sensex, Nifty up over 1%

Healthy macro-data buoys equity indices; Sensex, Nifty up over 1%

New Delhi: Healthy GST collections along with strong manufacturing growth data kept India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- buoyant during Wednesday's trade.Initially, the market opened on a positive note and remained in the green throughout the session. Also, positive gl...

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