New Delhi: Auto sales in India moderated in May with the country's largest car makers Maruti Suzuki, General Motors, Ford and TVS Motor posting declines in their numbers due to post-Budget price hikes, high interest rates and rising fuel prices. Hyundai Motor, Tata Motors and Mahindra & Mahindra, however, witnessed sales going up. During the month, the country's largest two-wheeler maker Hero MotoCorp registered its highest ever monthly sales. Maruti...
09:38 PM, Jun 01, 2012
New Delhi: The country's largest carmaker Maruti Suzuki on Friday reported 4.99 per cent fall in total sales at 98,884 units for May. The company had sold 1,04,073 units in the same month last year, Maruti Suzuki India said in a statement. In May, MSI recorded domestic sales at 89,478 units, compared to 93,519 units in the year-ago period, registering a fall of 4.32 per cent. Similarly, MSI's exports went...
12:21 PM, Jun 01, 2012
New Delhi: Iranian Foreign Minister Ali Akbar Salehi will be in Delhi on Thursday on a two-day visit to formally invite Prime Minister Manmohan Singh for the Non-Aligned Movement (NAM) summit to be held in Tehran in August. Salehi, who will be in Delhi as the Special Envoy of President Mahmoud Ahmedinijad, will hand over an invitation to the Prime Minister, the External Affairs Ministry said in a statement. During...
09:47 PM, May 30, 2012
New Delhi: Amid widespread protests, Finance Minister Pranab Mukherjee will soon write to state chief ministers to consider cut in sales tax on petrol to partly neutralise the impact of the Rs 7.54-per-litre hike in the price of the auto fuel. "We are awaiting inputs from the Petroleum Ministry. The Finance Minister will be asking the state chief ministers to lower duties," an official said. Meanwhile, Uttarakhand, Kerala and Delhi...
03:29 AM, May 29, 2012
Thiruvananthapuram: A day after the petrol price hike, the Kerala government at a special cabinet meeting on Thursday decided to forgo the sales tax on petrol, reducing its price by Rs 1.63 per litre. "This will cost the exchequer Rs 218 crore," Chief Minister Oommen Chandy told reporters here. "I have also written to the prime minister, UPA chairperson and petroleum minister, saying that the hike will affect the people...
06:28 PM, May 24, 2012
New Delhi: India's wholesale price index (WPI) rose a faster-than-expected 7.23 per cent in April from a year earlier, mainly driven by higher food prices and manufactured items, government data showed on Monday. Analysts on average had expected an annual rise of 6.91 per cent. Wholesale prices rose 6.89 percent in March. The annual reading for February was upwardly revised to 7.36 percent from 6.95 percent, the government said in...
12:21 PM, May 14, 2012
The young actress, Anu Mol, who suddenly captured interests of the filmdom by her portrayal of the lead lady in the song 'Aade Londe from the new movie 'Evan Megharoopan', is suddenly going places.The song sung by actress Ramya Nambeeshan which has become the rage of the new generation viewers with the maximum hits for a Malayalam song on You tube pages, has fetched a lot of offers for its...
08:00 PM, May 13, 2012
New Delhi: The Delhi Police on Friday dropped MCOCA charges against gangster Abu Salem. The High Court accepted the Delhi Police plea to drop the charges. Delhi Police had said the charges violate Salem's extradition rules. The Portugal court wanted MCOCA removed if Salem's extradition was to stand. "The petition of Delhi Police is allowed. The order dated August 28, 2009 passed by the designated lower court is set aside....
05:19 PM, May 11, 2012
San Francisco: Dell Inc's new ultra-thin laptop computer meant to rival Apple Inc's popular MacBook Air is doing much better than the company expected. Sales of the XPS 13 ultrabook, which hit store shelves on February 28, are now more than double the company's internal forecast, driven by strong demand from both consumers and big corporations, Dell said. "With this product, we went aggressive with the forecast," Dell product marketing...
10:57 AM, May 02, 2012
Washington: Amazon.com Inc's stellar quarterly results are helping convince skeptics on Wall Street that a bout of intense spending is beginning to pay off for an Internet retailer trying to transform itself into a technology company. Shares in Amazon leapt 15 per cent on Friday after it reported first-quarter earnings and margins well above investors' most bullish expectations, tacking on some $10 billion in market value and marking its biggest...
12:40 PM, Apr 28, 2012
New Delhi: Car makers are hoping that bank will reduce interest rates on car loans following the RBI's cut on lending rates as the industry looks forward to overcome slow growth witnessed last fiscal. Describing RBI's cut in short term lending rate by 0.50 per cent to 8 per cent as "good direction", Maruti Suzuki India Managing Executive Officer Marketing and Sales Mayank Pareek said: "It will spur growth. I...
03:50 PM, Apr 17, 2012
Dubai: Iran is ready to resolve all nuclear issues in the next round of talks with world powers if the West starts lifting sanctions, its foreign minister said on Monday. In an interview with the Iranian student news agency ISNA, Ali Akbar Salehi also hinted that Iran could make concessions on its higher-grade uranium enrichment; a key concern of Western powers which suspect Iran is covertly developing a nuclear weapons...
03:32 AM, Apr 17, 2012
New Delhi: The National Commission for Protection of Child Rights (NCPCR) on Monday wrote to the Chief Secretary of Uttar Pradesh demanding action on the Amroha baby sale case by April 23. Taking cognizance of the CNN-IBN Cobrapost expose on babies for sale, the NCPCR asked the state government to get the alleged racket, not only in Amroha/JP Nagar but also in the hospitals/nursing homes throughout the state, thoroughly investigated...
05:33 PM, Apr 16, 2012
New Delhi: The overall inflation in March eased to 6.89 per cent on account of sharp decline in prices of onions, fruits and protein-based items, even as vegetables and pulses turned costlier. Inflation, as measured by the Wholesale Price Index (WPI), was 6.95 per cent in February. In March last year, it was 9.68 per cent. As per the official data released on Monday, inflation in food items was 9.94...
12:25 PM, Apr 16, 2012
Faizabad: Taking note of the CNN-IBN Cobrapost expose on sale of babies in Uttar Pradesh, Chief Minister Akhilesh Yadav said on Sunday that he will look into the matter. "If anything of the sort is found, we will ask the district administration to help the families," he said. The young Chief Minister also promised to ask the district administration to help in the investigations and contact the concerned families. The...
01:30 PM, Apr 15, 2012
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