New Delhi, June 23 (IANS) The Centre signed a Memorandum of Understanding (MoU) for its scheme of replacement of old trucks and buses in the Delhi–NCR region with owner of Bharat Benz, Daimler India Commercial Vehicles (DICV), an official statement said on Tuesday.Under the agreement, the OEM will provide an 8 per cent discount on the ex-showroom price of eligible trucks and buses purchased under the scheme, the statement from Ministry of Road Transport & Highways said.For electric vehicle…
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Mumbai, June 19 (IANS) Both the Indian indices ended lower in Friday’s session as IT shares dropped sharply following dismal sales and top-line outlook from their global peer Accenture.At the closing bell, the 50-share index Nifty was at 24,013.10, down by 155 points or 0.64 per cent. The Sensex followed suit and fell 0.78 per cent or 608 points to 76,802.90.Commenting on Nifty technical outlook, experts said that the 24,100–24,200 region continues to act as the immediate resistance zone.“…
New Delhi, June 12 (IANS) Tata Motors Passenger Vehicles (TMPV) on Friday announced an increase of up to 1.5 per cent in prices across its passenger vehicle portfolio, including internal combustion engine (ICE) and electric vehicle (EV) models, effective July 1.The company announced the price revision through a filing on the exchanges.According to the company, the increase is aimed at partially offsetting the impact of rising input costs and continued inflationary pressures.TMPV said it continue…
New Delhi, June 1 (IANS) India’s passenger vehicle (PV) market posted a strong performance in May 2026 despite a sharp rise in fuel prices, as major automakers reported healthy growth driven by sustained consumer demand and continued momentum in the SUV segment.According to industry estimates, domestic PV wholesales grew by more than 25 per cent year-on-year (y-o-y) to nearly 4,40,000 units in May, compared to around 3,51,000 units in the same month last year.The country’s largest carmaker, …
Mumbai, June 1 (IANS) Benchmark equity indices ended sharply lower on Monday, dragged down by losses in FMCG, PSU banking, auto and realty stocks, even as investors monitored developments surrounding a potential diplomatic breakthrough between the United States and Iran.The Nifty settled at 23,382.60, declining 165.15 points, or 0.7 per cent, while the Sensex fell 508.40 points, or 0.68 per cent, to close at 74,267.34.Commenting on Nifty technical outlook, experts said that the 23,500 level is l…
New Delhi, May 1 (IANS) India’s automobile sector has kicked off FY27 on a robust note, led by a standout performance from Tata Motors, which edged ahead of Mahindra and Mahindra in the passenger vehicle segment for April 2026. Tata Motors reported a 31.1 per cent year-on-year (YoY) jump in passenger vehicle sales to 59,701 units during the month.Domestic sales accounted for the bulk of this growth, rising 30.5 per cent to nearly 59,000 units, while exports more than doubled, albeit on a lower…
Mumbai, March 25 (IANS) Indian stock markets ended higher for the second straight session on Wednesday, supported by easing oil prices and positive global cues. Investor sentiment improved after US President Donald Trump reiterated that talks are ongoing to bring an end to the conflict in the Middle East.The benchmark indices saw strong gains, with the Nifty rising 1.72 per cent, or 392.70 points, to close at 23,306.45.The Sensex also advanced 1.63 per cent, or 1,205 points, to settle at 75,273….
Mumbai, Jan 20 (IANS) The Indian stock market extended its losses on Tuesday, ending the session sharply lower as investors remained cautious amid rising global tensions and continued to react to company-specific developments during the ongoing Q3 earnings season.Benchmark indices witnessed heavy selling throughout the day. The Sensex closed at 82,180.47, down 1,065.71 points or 1.28 per cent.Meanwhile, the Nifty settled at 25,232.5, slipping 353 points or 1.38 per cent by the end of the session…