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Maruti Suzuki's July sales fall marginally on weak exports, domestic growth

Maruti Suzuki's July sales fall marginally on weak exports, domestic growth

The country's largest car maker Maruti Suzuki India on Wednesday 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.

Ashok Leyland sales up by 27% in July; M&HCV sales rise by 22%

Ashok Leyland sales up by 27% in July; M&HCV sales rise by 22%

Ashok Leyland total sales up 27 per cent at 15,199 Units in July 2018 from 11,981 units, a year ago.

The M&HCV sales up 22 per cent to 10,996 Units from 9,026 Units, while Light Commercial Vehicle Sales rose by 42 per cent to 4,203 units from 2,955 units.

Bajaj Auto reports 30 per cent increase in July sales at 4,00,343 units

Bajaj Auto reports 30 per cent increase in July sales at 4,00,343 units

New Delhi: Bajaj Auto on Wednesday reported 30 per cent increase in sales at 4,00,343 units in July.

The company had sold 3,07,727 units in the year-ago month, Bajaj Auto said in a statement. Domestic sales were at 2,37,511 units as against 1,86,497 units, up 27 per cent, it added.

SENSEX FALLS OVER 100 PTS, SNAPS RECORD RUN

SENSEX FALLS OVER 100 PTS, SNAPS RECORD RUN

Benchmark Sensex slipped from life highs to fall over 100 points to 37,381.05 today as markets took a breather after six consecutive record-setting sessions.

Weak trend in other Asian markets, muted earnings and fresh foreign capital outflows weighed on investor sentiment here.

TRAI CHIEF'S AADHAAR DARE: UIDAI WARNS PEOPLE NOT TO SHARE AADHAAR NUMBER

TRAI CHIEF'S AADHAAR DARE: UIDAI WARNS PEOPLE NOT TO SHARE AADHAAR NUMBER

Days after TRAI chief's Aadhaar dare created a flutter, the Unique Identification Authority of India (UIDAI) today asked people not to share publicly their 12-digit identifier on Internet and social media, or pose such challenges to others.

"Such activities are uncalled for and should be refrained as these are not in accordance with the law," UIDAI said in a statement.

GST EVASION WORTH RS 3,026 CR IN 1 YEAR: GOVT

GST EVASION WORTH RS 3,026 CR IN 1 YEAR: GOVT

The government has detected GST evasion worth Rs 3,026 crore in the last one year in relation to misuse of input tax credit and non-payment of taxes, the Rajya Sabha was informed on Tuesday.

In a written reply, Minister of State for Finance Shiv Pratap Shukla said between July 2017 and June 2018, a total of 1,205 cases of tax evasion were detected involving Rs 3,026.55 crore.

RBI tells Paytm Payments Bank to stop adding new customers with immediate effect

RBI tells Paytm Payments Bank to stop adding new customers with immediate effect

New Delhi/Mumbai: Paytm Payments Bank has stopped enrolment of new customers on its platform following observations made by the Reserve Bank of India, four people with knowledge of the matter said. Paytm stopped enrolling new customers on 20 June following an audit by RBI

Axis Bank puts loans worth Rs 1,062 cr on sale

Axis Bank puts loans worth Rs 1,062 cr on sale

A day after declaring its results for the June quarter, Axis Bank put on sale a portfolio of loans worth Rs 1,062 crore and sought bids from asset reconstruction companies (ARCs) on a cash basis, according to a public notice.

The names of the accounts and the bank’s exposures to individual accounts could not be ascertained immediately.

SBI General Insurance Q1 profit doubles to Rs 113 cr

SBI General Insurance Q1 profit doubles to Rs 113 cr

SBI General Insurance reported a net profit of Rs 113 crore for the first quarter of current fiscal, over two-fold rise from the previous year. The rise in profit for the general insurer was largely due to the lower combined ratio and underwriting profits.

Rikhil Shah, CFO, SBI General Insurance said, “We are one of the youngest players in the sector and have seen a steady but impressive growth since commencing operations.

Idea's key operating metrics remain weak; merger with Vodafone soon

Idea's key operating metrics remain weak; merger with Vodafone soon

Even though Idea Cellular has surprisingly reported a net profit of Rs 2.57 billion for the June quarter due to a one-time gain from the sale of its tower assets, key performance metrics of the company remain weak.

The Aditya Birla Group company, which will soon be merged with Vodafone India, has seen deterioration in revenues, operating profit, margins and average revenue per user (ARPU).

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