Business

The country’s largest car maker Maruti Suzuki India today reported a marginal decline in sales at 1,64,369 units in July. The company had sold 1,65,346 units in July last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales were up marginally at 1,54,150 units last month as against 1,54,001 units in the year ago month, it added. Sales ...

Union Minister of State (I/C) for Micro, Small and Medium Enterprises (MSME)Giriraj Singh launched Western and Ethnic Designer Wear collections at Khadi Bhawan at Connaught Place here today.During the launch the Minister said that Khadi has come a long way after Prime Minister’s call to make Khadi the signature fabric of India and a means for the economic transformation of ...

State Bank of India (SBI) has increased interest rates on fixed deposits. New rates have been effective from July 30, 2018. SBI has amended the interest rates for every period, every amount for general and senior citizens. For fixed deposits of less than Rs 1 crore, interest rates have been increased by 5 to 10 basis points, whose tenure is ...

DAINIK NATION BUREAU Flipkart is in a legal soup after a private firm employee Amit Garg lodged a complaint against the online shopping marketplace and its partner PVC logistics for cheating. Apparently Amit Garg, a resident of Basavanagar HAL had placed an order for a 20-gram gold coin with Flipkart, instead, he received an empty box. A cheating case was ...

DAINIK NATION BUREAU Bharat Heavy Electricals Limited (BHEL) has reported a quantum jump in profitability and order booking in the first quarter of fiscal 2018-19. The company has registered a significant jump of 109% in its profit before tax at Rs.226 Crore, compared to Rs.108 Crore achieved in the corresponding quarter of the previous fiscal. Profit after tax has increased ...

DAINIK NATION BUREAU Several Air India passengers flying out of New Jersey’s Newark Liberty International Airport have complained of being bitten by bed bugs while in flight. In a tweet by Pravin Toneskar, multiple bedbugs can be seen on the business class seats of the plane, which was en route to Mumbai – a nearly 17-hour flight. According to a ...

HDFC Bank today reported an 18.2 per cent increase in its net profit at Rs 4,601.44 crore for the quarter ended June. The private sector lender had registered a net profit of Rs 3,893.84 crore in the corresponding period of the previous fiscal 2017-18. Total income for the quarter grew 18.8 per cent to Rs 26,367 crore from Rs 22,185.40 ...

Rupee dropped to historic level on Friday, against the US dollar and then started doing better business. Today, Rupee reached Rs 69.12 against a dollar and then went back to less than 69 rupees. Earlier on Thursday, the rupee also closed 43 paise down at 69.05. The rupee fell as dollar reached 1 year high record after encouraging comment by ...

The government has approved the capital infusion of Rs 11,336 crore to meet its regulatory capital requirements in five public sector banks including Punjab National Bank, Corporation Bank and Andhra Bank. This is the first time in the current financial year that capital is being provided to government banks. According to the government’s promise, the remaining Rs 53,664 crore will ...

Reliance Industries Ltd (RIL) Chairman Mukesh Ambani became the richest Asian on Friday, pushing Alibaba Group founder Jack Ma to the second spot, according to a report by Bloomberg. The market valuation of Reliance Industries surged past Rs 7 lakh crore mark during Friday morning trade, as Ambani positioned his company to disrupt the e-commerce space in India. His net ...