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Auto slowdown: Car sales continue to slide; decline by 6.34% in October
Posted on 11th November 2019
Domestic passenger vehicle sales witnessed a marginal increase of 0.28 per cent to 2,85,027 units in October from 2,84,223 units in the year-ago period.

Domestic car sales were down 6.34 per cent to 1,73,649 units as against 1,85,400 units in October 2018, according to data released by the Society of Indian Automobile Manufacturers (Siam).

Motorcycle sales, last month, declined 15.88 per cent to 11,16,970 units as against 13,27,758 units a year earlier.

Total two-wheeler sales in October declined 14.43 per cent to 17,57,264 units compared to 20,53,497 units in the year-ago month.

Sales of commercial vehicles were down 23.31 per cent at 66,773 units in October, Siam said.

Vehicle sales across categories registered a decline of 12.76 per cent to 21,76,136 units from 24,94,345 units in October 2018, it added.

In fact, barring utility vehicles, passenger carriers and quadricycles, all other vehicle categories witnessed decline in sales during the month.

Other Latest News
Gold prices steady at Rs 52,701 per 10 gram, silver rises to Rs 67,439 a kg
Posted on 14th August 2020
Gold prices on Friday was recorded at Rs 52,701 per 10 gram on subdued global cues and weaker dollar while silver prices rose to Rs 67,439 from Rs 66,256 per kg, according to Indian Bullion and Jewellers Association. The yellow metal has witnessed sharp volatility in the market as experts chart its direction after a massive slump from recent highs.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Oil prices head for second weekly gain amid hopes for fuel demand recovery
Posted on 14th August 2020
Oil prices advanced on Friday and were heading for a second week of gains amid growing confidence that demand for fuel is starting to pick up despite the coronavirus pandemic that has slammed economies worldwide.

Brent crude was up 14 cents, or 0.3%, at $45.10 by 0043 GMT, heading for a gain of about 1.6% this week.

Hyderabad-based Biological E joins hands with J&J for Covid-19 vaccine
Posted on 14th August 2020
Hyderabad-based pharma company Biological E Limited (BE) has entered into an agreement with Janssen Pharmaceuticals for the development and manufacturing of Covid-19 drugs as well as Johnson &Johnson's (J&J) Covid-19 vaccine candidate.

The vaccine candidate is in phase 1/2a clinical trials.

Amazon enters online pharmacy space in India; to compete with Netmeds, 1mg
Posted on 14th August 2020
E-commerce giant Amazon has forayed into the online medicine segment and launched Amazon Pharmacy. The service has been started in areas with select pin codes in Bengaluru, while the company is learnt to be mulling scaling it up to other cities across India in the near future.

The service would allow customers to order prescription-based medication in addition to over-the-counter medicines, basic health devices and Ayurveda medication from certified sellers.

Bengaluru violence: 60 more including Congress corporator's husband arrested
Posted on 14th August 2020
A total of 60 more arrests have been made by the Bengaluru Police in connection with the violence that broke out in the city on August 11, taking the total number of arrests in the incident to 206. Among the new arrests is Kaleem Pasha, husband of Congress corporator from Nagwara ward Irshad Begum.

Pasha is said to have close political links with both the Congress party and SDPI.

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