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Automobile retail sales in India increased by 37 per cent in April on a low base of COVID-hit April last year, automobile dealers’ body FADA said on Thursday. Total sales across categories rose to 16,27,975 units in April, as compared to 11,87,771 units in the year-ago period. On a year-on-year basis, all vehicle categories including […]
The Reserve Bank’s decision to hike key policy rates will impact the growth of real estate industry and may hit the housing demand, according to industry players. The Reserve Bank of India (RBI) on Wednesday hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation. It also raised […]
The BCCI has imposed a two-year ban on Boria Majumdar for bullying senior wicketkeeper Wriddhiman Saha, barring the sports journalist from interviewing registered players and entering stadiums in the country. Majumdar won’t be given media accreditation for two years as part of the sanctions ratified by the BCCI Apex Council. On February 25, the BCCI […]
Leaping to strengthen the battery infrastructure in India, WardWizard Innovations and Mobility Ltd. One of the leading manufacturers of electric two-wheeler brand ‘Joy e-bike’, signed a memorandum of understanding (MOU) with Singapore-based renewable energy management consulting firm Sunkonnect. The association is aimed at facilitating a feasibility study and identification of potential partner for the manufacturing of […]
Realty firm Signature Global, which focuses on building affordable housing projects, on Wednesday said it has raised long term capital of Rs 400 crore from HDFC Capital realty fund. The company raised this fund from HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3), a fund managed by HDFC Capital. The funding will be utilised […]
Despite suffering an eight-wicket loss against Punjab Kings, Gujarat Titans skipper Hardik Pandya has backed his decision to bat first, saying that they want to put themselves in difficult situations and come out of their comfort zone before the last and crucial stage of the IPL 2022 season. In more than 90 per cent matches […]
Mahindra Electric Mobility Limited (MEML), the No.1* electric 3-wheeler company in India, has partnered with Terrago Logistics, a Delhi-based start-up. Terrago currently has a fleet of 65 Mahindra Treo Zor cargo vehicles deployed with online grocery major, Big Basket in 3 cities and leading logistics major, Porter. In the coming months, Mahindra Electric will supply […]
US and Chennai-based automation service provider Element5 on Tuesday said it has raised $30 million in its Series B round led by Insight Partners, and it will use the money to boost the delivery of its post-acute healthcare solutions and on-board more people in India. Element5’s 100-member strong team in India, primarily in Chennai, has […]
The country’s largest carmaker, Maruti Suzuki India Ltd on Wednesday said the number of its professional driving training schools have reached the 500 milestone across the country and aims to train around 25 lakh people by 2025. The Maruti Suzuki Driving Schools (MSDS), launched in 2005, now has presence across 242 cities with 500 state-of-the-art […]
Honda Cars India Ltd (HCIL) on Sunday reported a 13 per cent decline in domestic sales to 7,874 units for April. The company had sold 9,072 units in the domestic market during April 2021, HCIL said in a statement. Exports last month stood at 2,042 units against 970 units in April 2021. “The customer sentiment […]