NEW DELHI: Power producers’ total dues owed by the distribution firms rose over 35 per cent to Rs 1,41,621 crore in November 2020, reflecting stress in the sector. The distribution companies (discoms) owed a total of Rs 1,04,426 crore to power generation firms in November 2019, according to portal PRAAPTI (Payment Ratification And Analysis in […]
NEW DELHI: Automobile major Maruti Suzuki India (MSI) reported an increase of 20% in its overall sales during December 2020 on a year-on-year basis. Maruti Suzuki India Limited posted total sales of 160,226 units in December 2020. With total sales of 495,897 units in Q3 (FY 2020-21) the company registered a growth of 13.4% over […]
NEW DELHI: Indo-Japanese joint venture car maker Toyota Kirloskar Motor on Friday said it closed last month’s sales at 7,487 units. In a statement the company said it sold 7,487 units last month up from 6,544 units sold in during the corresponding period previous year. “As we wrap up the year, we are happy to […]
NEW DELHI: Commercial vehicles major Ashok Leyland Ltd on Friday said it closed last month with a sales figure of 12,762 units. In a statement the company said it sold 12,762 units last month up from 11,168 units sold in December 2019. Cumulatively this fiscal till last month the company had sold 56,657 units down […]
NEW DELHI: Hyundai Motor India on Friday reported overall sales including exports grew by 33.14 per cent during December despite the Covid-19 pandemic. The company’s overall sales grew to 66,750 units from 50,135 units sold during December 2019. Similarly, the company’s domestic sales rose during the month under review. It edged higher by 24.89 per […]
NEW DELHI: Two-wheeler manufacturer Hero MotoCorp on Friday reported a rise of 5.29 per cent in its overall sales for December 2020. The company sold 447,335 units of motorcycles and scooters last month from an off-take of 424,845 units during the corresponding month of the previous year. Besides, the Hero MotoCorp clocked “its best ever […]
NEW DELHI: Bajaj Auto’s market capitalisation crossed Rs 1 lakh crore on Friday. The share price of Bajaj Auto closed at Rs 3,479 per share on the NSE, making its market capitalisation Rs 100,670.76 crore at this price. “This market cap is considerably higher than all other domestic two-wheeler companies. As per analysts, a market […]
NEW DELHI: Mahindra & Mahindra (M&M) on Friday reported 10 per cent fall in its overall auto sales in December 2020 at 35,187 units. During the same period of 2019, the company had sold 39,230 units. However, in the utility vehicles segment, Mahindra sold 16,050 vehicles in December 2020, compared to 15,225 vehicles in December […]
NEW DELHI: Two- and three-wheeler maker TVS Motor Company Ltd on Saturday said it had logged 17.5 per cent growth in sales last month. In a statement the company said it had closed last month selling 272,084 units (two wheelers 258,239, three wheelers 13,845 units) up from 231,571 units (two wheelers 215,619 units, three wheelers […]
NEW DELHI: Franklin Templeton’s six shut schemes have received Rs 13,120 crore from maturities, pre-payments, and coupons since their closure in April. Over the latest fortnight, December 16-31, 2020, these schemes received Rs 1,213 crore. Further, five out of the six schemes have already turned and have close to Rs 8,527 crore available to return […]
By Venkatachari Jagannathan CHENNAI: The dismissed employees of the Japan’s MUFG Bank in India will file a complaint with the Labour Commissioner for reinstatement, said a top official of All India Bank Employees’ Association (AIBEA). “Complaints will be filed with the Labour Commissioners in Chennai and Delhi against the sudden dismissal of employees by the […]
NEW DELHI: Banking sources reveal that some of the members of the Committee of Creditors (CoC) with large exposure to DHFL, are seeking to oust Oaktree from the bidding race for DHFL assets. Interestingly, Oaktree has emerged as H1 with the highest bid of Rs 38,400 crore. However, at the instance of some of these […]
NEW DELHI: The CBI has charged Delhi-based Shakti Bhog Foods Limited for an alleged fraud of Rs 3,269 crore on a consortium of 10 banks led by the State Bank of India (SBI), officials said on Friday. On a complaint from the SBI, the agency has charged the managing director of the company, Kewal Krishan […]
NEW DELHI: Private sector banks witnessed a rise in non-performing assets (NPA) in respect of large borrowal accounts with exposure of Rs five crore or above. A recent report by the Reserve Bank of India (RBI), cited that gross NPA ratio as well as the ratio of restructured standard assets to total funded amounts emanating […]
NEW DELHI: The Central GST Delhi West Commissionerate has unearthed evasion of taxes worth around Rs 831.72 crore by way of manufacture and illegal supply of ‘pan masala’ without any registration and payment of duty. The GST officials also arrested one person in the matter. An official statement said that on the basis of the […]
NEW DELHI: Telecom major Bharti Airtel on Friday said that it has never charged customers separately for Interconnect Usage Charges (IUC) and its unlimited free call benefits will continue. COO Ajai Puri said in a statement that Airtel mobile customers already enjoy unlimited free calls to all networks with Airtel’s prepaid bundles and postpaid plans. […]
