Maruti Suzuki said it is recalling 3,796 Ciaz manual transmission cars manufactured till 7th November 2014 to inspect and rectify a “suspected fault and replace the relevant part of clutch operation system.” Nearly 13,000 Ciaz’s are on Indian roads. “The Company has decided to undertake a Service Campaign for these cars, in the interest of […]
TVS Motor Co, maker of motorcycles and three-wheelers, posted a sales growth of 36% during the month of November 2014, making it one of the best months for the company in recent times. This follows a strong November for Maruti Suzuki as well. TVS’ total sales increased from 161,908 units recorded in the month of […]
Maruti Suzuki had a decent month in November, thanks to a pickup in sales of its Swift (which was upgraded in October) and continuing momentum in Ciaz, its new sedan. That said, it’s likely to a neck-and-neck contest in November to find out which is the top-selling sedan in India – Maruti Suzuki Ciaz or […]
The HSBC India Purchasing Managers’ Index (PMI) – a composite indicator designed to give an accurate overview of manufacturing operating conditions – reached a 21-month peak in November, the bank said. However, inflationary pressures intensified during the month, following three consecutive months of easing, HSBC said. “Among the surveyed sub-categories, the sharpest increase in purchase […]
The Reserve Bank of India will need to watch the Indian rupee’s movement closely in the coming days in light of the recovering US economy and strengthening dollar, CARE Ratings said. “While the RBI has brought about order in the balance of payments and several components like imports, ECB flows, and FII funds, it would […]
All India Gems and Jewellery Federation (GJF), the largest single trade body in India for the promotion and growth of trade in gems and jewellery across India, has urged the Union Finance Minister Arun Jaitley to avoid re-imposing curbs on gold imports as it could spell doom for the gems and jewellery sector. The GJF […]
BMW will launch its new MINI in India today. In an event in Mumbai at 12:30 today, German carmaker will unveil a 3-door as well as a 5-door version of the iconic car model. A live webcast of the launch can be seen from 12:30 by clicking here or here. The three-door model is meant […]
Goldman Sachs has changed its interest rate call for India and now expects the Reserve Bank to cut key interest rates by 25bps each in February and April. It had earlier seen rates unchanged in the first half of 2015. “The main driver of this view is our commodities team’s forecast of weak oil prices […]
Three of the top four stocks held by mutual funds in India are bank stocks – ICICI Bank Ltd, HDFC Bank Ltd and State Bank of India, with Infosys Ltd being the sole exception. ICICI Bank and HDFC Bank were the top holdings, with ICICI alone accounting for about Rs 14,300 crore, or about 5% […]
With wholesale inflation dipping to record lows, industry asssociations have renewed their calls for an immediate cut in interest rates. ASSOCHAM for example has sought a repo rate cut of up to 50 basis points (bps) in its fifth bi-monthly monetary policy review scheduled on December 2nd, if monsoon forecast for 2015 is normal, crude […]
The new civil aviation policy, as reflected in the draft put out by the ministry of civil aviation, lacks details and is largely a ‘feel good’ document, consultant KPMG said. It will not be very helpful to the civil aviation sector in India, it added. “The draft civil aviation policy reads like a feel-good document, […]
Something very surprising happened today: Lenovo announced that it would sell the Lenovo X2 for a price of just Rs 19,990. You might wonder what is so special about the launch and why this should come as such big news. Let us pause for a minute and take in the specifications. Look at the Lenovo […]
The Taj Group today announced that starting November 15th it will introduce complimentary Wi-Fi connectivity for residential guests across its 125 hotels around the globe. Guests at any of the Taj Group of hotels – The Taj, Vivanta by Taj, Gateway Hotels and Ginger will now be able to enjoy free Wi-Fi connectivity for the […]
India is the fourth most vacation deprived nation globally, according to Expedia’s 2014 Vacation Deprivation. 67% of Indians said they feel very or somewhat vacation deprived, the annual analysis of vacation habits said. 35% of the global respondents said they would take a cut in salary for extra vacation – highest among those in India […]
Tentative global recovery notwithstanding, Indian companies continue to look abroad for greener pastures investing as much as USD 17.6 billion in April-September this fiscal while outward investment in the fiscal 2013-14 was USD 36.9 billion, an ASSOCHAM study has found. Although Indian firms have invested overseas in the first half of the current fiscal, almost […]
The government of India, through Ministry of Consumer Affairs, has written to all consumer disputes redressal bodies asking them not to reject consumer complaints against telecom operators as many of them have been doing for years. Consumer forums, including state-level bodies, have regularly dismissed complaints against companies like Bharti Airtel, Vodafone, Idea, Reliance Communications and […]
Vodafone and Bharti Airtel have been told to compensate a customer after Vodafone disconnected a customer who ported from Airtel saying that the customer did not pay Airtel’s bills. The North 24 Parganas district consumer forum found that Bharti Airtel guilty of issuing ‘vague bills’ to a customer who had already ported out of the […]
Giving relief to a builder, the National Consumer Disputes Redressal Forum has asked the Punjab State Consumer Disputes Forum to determine whether someone who buys a real estate property without the intention of living in it can be given protection under consumer laws. In a case involving delay in the hand-over of flats, real estate […]
Maruti Suzuki’s Ciaz, the company’s answer to the Honda City, sold a robust 6,345 units in October, making it one of the biggest selling cars in India. In comparison, the Honda City, its biggest competitor, only sold 5,120 units. However, Honda could boast of another 3,482 unit sales of the Amaze and another 2,985 of […]
GMR-Megawide Cebu Airport Corporation (GMCAC) a joint venture between GMR Group and Megawide Construction Corporation has taken full operational control of the Mactan Cebu International Airport (MCIA) in Cebu, Philippines. The MCIA is Philippine’s first airport to be privatized under the administration’s ambitious PPP programme aimed at modernizing key infrastructure assets. In the international competitive […]
