Tata Motors will put on display its new H5 5-7 seater SUV car based on the Land Rover Discovery Sport model at the Auto Expo beginning in nearby Greater Noida.
Delhi-based microlending startup Cash Suvidha has raised a debt of USD 2.5 million (approx Rs 16 crore).
Kia Motors said it will showcase SP Concept at the upcoming Auto Expo in line with its plans to introduce a new SUV in India.
Maserati launched the updated version of its SUV Levante in India with price starting at Rs 1.45 crore (ex-showroom).
The use of technology will help in effective enforcement of labour laws in the country and bring in more transparency and accountability, the Economic Survey said.
Tata Motors-owned Jaguar Land Rover (JLR) has sought reduction in GST rates on premium sedans and SUVs in order to help the luxury segment grow in the country.
Hyundai eked out a small 3 percent gain in quarterly net profit, but posted a fifth straight drop in annual earnings as a stronger local currency.
Maruti Suzuki will showcase a concept electric compact SUV, e-SURVIVOR at the upcoming Auto Expo reiterating its plans to launch an electric vehicle in India in 2020.
Ford India launched a new variant of its premium SUV Ford Endeavour equipped with sun roof feature priced at Rs 29.57 lakh.
Skoda expects its sales to grow by up to 20 per cent to around 20,000 units in India this year riding on the back of a revamped product portfolio.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors
Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share
MAHINDRA & MAHINDRA
To invest in Zoomcar India, Zoomcar Inc, U.S.
To invest Rs 176 cr in Zoomcar India
Initial investment in Zoomcar India likely to be completed by Feb 20
Additional investment in Zoomcar India expected to be completed by Aug 31
Co’s stake to increase to 16%
RBI inspection had found diversion of funds within group firms
Funds to the tune of Rs 525 cr given to intermediary borrowing cos
Religare Finvest increased corporate loan book against RBI’s directions
RBI has asked for clarity on rollover of fixed deposits with a bank
Findings suggested continued weakness of internal controls
Economic Times Reports
SC Allows Sale Of Fortis Health Shares Pledged With Lenders
SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis
Earlier, SC had restrained financial institutions from selling pledged shares
Business Standard Reports
Granted European GMP certification from Hungarian regulators for Mfg plant at Goa