Business

Domestic passenger vehicle (PV) sales declined 17.07 per cent to 2,47,541 units in April from 2,98,504 units in the year-ago month. Domestic car sales declined 19.93 per cent to 1,60,279 units compared to 2,00,183 in April 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Motorcycle sales last month declined 11.81 per cent to 10,84,811 units ...

Country’s largest lender SBI Friday said it has reported net profit of Rs 838.40 crore in fourth quarter of 2018-19 fiscal on a standalone basis as non-performing assets (NPAs) came down. The state-owned lender had witnessed a net loss of Rs 7,718.17 crore during the corresponding January-March quarter of 2017-18. Income (standalone) during the March quarter of 2018-19 rose by ...

India and the United States held the India-U.S. Bilateral Trade meeting in New Delhi today. Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation, Government of India and Mr. Wilbur Ross, Secretary of Commerce, United States of America co-chaired the bilateral meeting. Both the co-chairs, Suresh Prabhuand Mr. Wilbur Ross appreciated the strong, robust and growing bilateral ties between ...

The benchmark BSE Sensex cracked over 400 points Monday tracking carnage in Asian equities after US President Donald Trump threatened to hike tariffs on Chinese goods this week. In a Tweet on Sunday, Trump turned up the heat by saying he would raise import taxes on USD 200 billion in Chinese products to 25 per cent from 10 per cent ...

In a first in recent history of tax filings, income tax e-filings in FY2019 have dropped by more than 6.6 lakh, a trend that analysts said was surprising as tax base was expected to increase post demonetisation. According to statistics put out on Income Tax Department’s e-filing website, income tax e-filings in FY 2018-19 was 6.68 crore, down from 6.74 ...

Embattled liquor tycoon Vijay Mallya took to social media on Monday to lament the collapse of Jet Airways and repeated his offer of a “100 per cent payback” for state-owned Indian banks to cover his now-defunct Kingfisher Airlines’ debt. The 63-year-old former Kingfisher Airlines (KFA) boss is currently appealing against his extradition order from the UK to India to face ...

The BSE Sensex rallied 336 points to reclaim the 39,000 mark Friday, propelled by gains in banking, oil and gas, metal and IT stocks amid easing global crude oil prices. After hitting an intra-day high of 39,103.16, the Sensex settled 336.47 points, or 0.87 per cent, higher at 39,067.33. The NSE Nifty too ended 112.85 points, or 0.97 per cent, ...

The benchmark BSE Sensex cracked over 300 points in early trade Monday tracking losses in index heavyweights RIL, HDFC and ICICI Bank, amid weak global cues, sinking rupee and soaring crude oil prices. The 30-share index was trading 309.56 points or 0.79 per cent lower at 38,830.72. The NSE Nifty too plunged to 101.80 points, or 0.87 per cent, to ...

Equity benchmark Sensex retreated from its lifetime high to close 135 points lower Thursday as investors booked profits at higher levels amid weak global cues. After rising to an intra-day record of 39,487.45 points, the 30-share index turned negative to settle 135.36 points, or 0.34 per cent, lower at 39,140.28. The broader NSE Nifty slipped 34.35 points, or 0.29 per ...

Teetering for over four months due to cash-drought, Jet Airways, flying for over 25 years, Wednesday said its last flight will takeoff later this night, after its lenders refused to offer a Rs 400-crore lifeline. “With immediate effect, we are compelled to cancel all our international and domestic flights. The last flight will operate today,” Jet Airways informed the exchanges. ...