New Delhi, Feb 20 (IANS) Passenger vehicle retail sales rose 7 per cent in January (year-on-year) in India, while wholesale volumes rose 12 per cent to 4.5 lakh units, a report said on Friday.The report from ICRA said wholesale dispatches grew 14 per cent sequentially over December 2025, even as original equipment manufacturers (OEMs) ramped up production to cater to robust domestic demand.ICRA forecasts passenger vehicle wholesale volumes to expand 5–7 per cent in FY26, supported by sustained…
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Mumbai, Feb 20 (IANS) Earnings of Nifty 50 companies showed a year‑on‑year contraction in the December quarter for the first time in 13 quarters, even as top-line growth returned to double digits, as per industry data.Excluding banks, financial services and oil and gas firms, aggregate revenue rose 10 per cent in the quarter — the first double‑digit increase since the March 2023 quarter but aggregate profits dipped due to one‑time accounting impact of India’s new Labour Codes.Operati…
New Delhi, Feb 17 (IANS) India’s domestic passenger vehicle (PV) volumes are expected to grow 4–6 per cent in FY27 supported by sustained demand momentum, even on a high base, a report said on Tuesday.The report from ICRA said two‑wheeler volumes are projected to grow 3–5 per cent YoY, and commercial vehicle volumes by 4–6 per cent.Entry-level motorcycle demand continues to face pressure due to higher vehicle prices and affordability constraints at the lower end of the consumer pyramid…
Haveri (Karnataka), Feb 14 (IANS) Karnataka Chief Minister Siddaramaiah on Saturday said that the Revenue Department is distributing title deeds to one lakh beneficiaries for the second time and has so far provided title deeds to 2.20 lakh families, calling it a record achievement. He also claimed that Karnataka’s top GDP ranking in the country is the result of the pro-people policies implemented by his government.He was speaking after inaugurating the government’s 1,000-day celebration prog…
New Delhi, Feb 13 (IANS) Prime Minister Narendra Modi said on Friday that India will be an engine of global growth and build its own development model as the country’s Reform Express is gathering further momentum. Addressing the ET Now Global Business Summit 2026 here, the Prime Minister said the Union government was accelerating the process of economic reforms not out of compulsion but because of its conviction to change the ecosystem to benefit the masses and achieve a ‘Viksit Bharat’ (Develop…
New Delhi, Feb 13 (IANS) The domestic passenger vehicle sales grew 12.6 per cent (year-on-year) to 449,616 units in January, compared to 399,386 units in January 2025, according to data released by industry body Society of Indian Automobile Manufacturers (SIAM) on Friday.Total sales of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in January stood at 2,927,394 units.Three-wheelers witnessed strong growth of 30.2 per cent compared to January of the previous year, with sales o…
Kolkata, Feb 12 (IANS) Trinamool Congress General Secretary Abhishek Banerjee on Thursday countered Union Finance Minister Nirmala Sitharaman, a day after she slammed him in the Parliament for “twisting facts” and “deliberately spreading misinformation” regarding Goods and Services Tax (GST).In a post on his X handle, Banerjee thanked the Union Finance Minister for listening to his speech.”I thank Hon’ble Finance Minister @nsitharaman for so carefully listening to my speech. Though I wish she’d …
New Delhi, Feb 11 (IANS) Anil Rajput, Chairman of FICCI CASCADE, one of the country’s top industry bodies, on Wednesday said the United Nations should declare February 11 as the ‘International Anti-Smuggling Day’ to raise awareness against smuggling globally.Speaking to IANS during an event here, Rajput said that smuggling is increasing both in the country and globally.Therefore, “we urge the United Nations to declare February 11 as ‘International Anti-Smuggling Day’ to raise awareness against…
Shimla, Feb 11 (IANS) Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Wednesday accused the previous BJP government in the state of plundering the coffers and spending lavishly instead of investing in development and infrastructure.The Chief Minister questioned the BJP’s defence of the 16th Finance Commission’s observations regarding the discontinuation of the Revenue Deficit Grant (RDG), pointing out that the BJP tenure benefited from a whopping Rs 54,296 crore of RDG.“This gran…
Mumbai, Feb 11 (IANS) India has significantly bolstered its international enforcement architecture against smuggling with 42 mutual customs cooperation agreements signed and 21 more under negotiation with major trading partners, experts said on Wednesday.Mohan Kumar Singh, Member–Compliance Management, Central Board of Indirect Taxes and Customs (CBIC), said that enforcement must move beyond event-based seizures to network-based disruption, the statement from FICCI said.Addressing an event by …