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Real estate sector continues to thrive despite global slowdown, boosting India's growth

Business | Jul 08, 2023, 06:51 AM IST

Amid rise in demand in post-pandemic era, the commercial property investment has witnessed rise in popularity among investors trying to diversify their portfolios and generate consistent income streams.

Slowdown Blues: Upcoming BS VI, production cuts subdue Feb auto sales, say Experts

Business | Mar 03, 2020, 08:20 AM IST

The run-up to BS VI transition along with the general economic slowdown and truncated production led to the decline in sales of automobile majors in February, market watchers said on Monday.

Growth slowdown in India temporary, expect momentum to improve: IMF chief

Business | Jan 24, 2020, 04:52 PM IST

IMF chief Kristalina Georgieva on Friday said growth slowdown in India appears to be temporary and she expects the momentum to improve going ahead.

Auto sector slowdown affecting GST compensation cess kitty: Sushil Modi

Business | Dec 06, 2019, 09:23 PM IST

The issue on raising the size of the kitty will be discussed in the next GST Council meeting, scheduled to be held on December 18. The meeting of all-powerful GST Council is going to be held in the backdrop of lower-than-expected GST collections.

Tyre major MRF Quarter 2 net down 18 per cent at Rs 229 crore

Business | Nov 08, 2019, 02:32 PM IST

Revenue from operations stood at Rs 4,007.63 crore as against Rs 3,946.77 crore in the same period a year ago, a growth of 1.57 per cent, Total expenses during the second quarter were higher at Rs 3,760.80 core as compared to Rs 3,649.87 crore in the year-ago period, it added

Biz optimism for Dec qtr falls over 19 per cent amid slowdown in demand

Business | Nov 08, 2019, 01:48 PM IST

The Dun & Bradstreet Composite Business Optimism Index stood at 56.4 for December quarter this year, registering a decline of 19.5 per cent as compared to the year-ago period

Congress facing economic slowdown as its 'moneybag handlers' are in jail: BJP

India | Sep 12, 2019, 11:55 PM IST

Hitting out at Congress chief Sonia Gandhi over her remarks on the "grim" economic situation in the country, the BJP on Thursday said she seemed to be talking about the economic slowdown in her party as its "moneybag handlers" were behind bars.

Latest News Priyanka Gandhi has launched a scathing attack on the Modi government vis-a-vis economic

Sword hanging on livelihood of lakhs of Indians: Priyanka Gandhi on state of economy

India | Sep 10, 2019, 01:57 PM IST

Priyanka Gandhi has launched a scathing attack on the Modi government vis-a-vis economic slowdown. "The economy is falling into a deep abyss of recession. The sword is hanging on the livelihood of lakhs of Indians," Priyanka Gandhi said.

Slowdown blues: Ashok Leyland announces non-working days at manufacturing facilities in September

Business | Sep 09, 2019, 02:07 PM IST

Hinduja Group flagship firm Ashok Leyland on Monday announced non-working days at its various manufacturing facilities following weak demand. "Following are the non-working days at our various plant locations during September 2019 due to continued weak demand for our products", the company said in a BSE filing.

Suzuki Motor India to hold back investment due to slowdown, BS-VI norms

Business | Sep 08, 2019, 02:56 PM IST

Suzuki Motor India Pvt Ltd has decided to hold back its planned investments on capacity enhancement due to the ongoing slowdown in two-wheeler sales and expectation of a hit in the market by the transition to stricter BS-VI emission norm from BS-IV in April 2020

Auto sector growth story nears end: Tata Motors CEO Butschek

Business | Sep 06, 2019, 06:58 AM IST

Butschek cited several factors, like low economic activity, subdued demand, liquidity constraints, as reasons for the current downturn. He was speaking at the annual convention of the Society of Indian Automobile Manufacturers (SIAM).

Auto industry value chain pins hopes on healthy festive sales

Business | Sep 05, 2019, 07:55 AM IST

The automobile industry value chain includes parts manufacturers, OEMs, dealerships and workshops. The entire value chain is one of the largest employers in the country and has a substantial contribution to the country's GDP.

Difficult road ahead for auto industry with BS-VI: SIAM

Sep 04, 2019, 04:34 PM IST

Speaking at the Federation of Automobile Dealers Associations' Auto Retail Conclave 2019, he noted that even as the industry faces the sales slowdown, OEMs have been investing Rs 1,000 crore, on an average, to upgrade their offerings.

Crisis in auto sector: Steps Centre is taking to revive demand, supply

Aug 24, 2019, 12:47 PM IST

According to Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera said the removal of ban on purchase of vehicles by government department and 15 per cent higher depreciation for all types of vehicles purchased before March 30, 2020 should also give a definite boost to vehicle demand in the short term, especially vehicles meant for commercial use.

India's growth may slow down further to 5.7% in Q1: Nomura

Business | Aug 21, 2019, 05:21 PM IST

India's economic growth is likely to slow down further to 5.7 per cent in the April-June quarter of this year due to low consumption, weak investments and an under-performing service sector, said a Nomura report.

TVS group auto component maker Sundaram-Clayton Ltd (SCL) on Friday said.

TVS joins list of auto manufacturing biggies to shut production amid business slowdown

Aug 16, 2019, 05:10 PM IST

TVS joins a long list of companies that shut motor parts production in its unit. It joins Maruti Suzuki India, Hero MotoCorp, Royal Enfield, Mahindra & Mahindra, Tata Motors, Bajaj Motors among others who have shut production temporarily or gone for block closures.

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