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Smartphone sales in India grew 11% year-over-year during the festive season from September 26 to October 6, with Samsung leading the market at 20% share. Key models like the Galaxy M35 and Galaxy S23 drove sales, which increased by 17% YoY. The first wave’s extended duration of 11 days helped boost sales, with Samsung benefiting […]
Hyundai Motor has announced plans to sell a 17.5% stake in Hyundai Motor India as part of its upcoming IPO, targeting up to 4 trillion won ($2.96 billion). The IPO, set to open for subscription on October 14, will be the first public offering by a carmaker in India in nearly two decades, underscoring Hyundai’s […]
The Reverse Repo Rate (RRR) is the interest rate at which the central bank borrows money from commercial banks. A higher RRR encourages banks to park excess funds with the central bank, while a lower rate may incentivize them to lend more. Adjusting the RRR helps control inflation and stabilizes the financial system. It’s a […]
Here are the silver prices per 10 grams on Friday in the top cities. ★ Chennai – ₹1,010, ★ Mumbai – ₹950, ★ Delhi – ₹950, ★ Kolkata – ₹950, ★ Bangalore – ₹900, ★ Hyderabad – ₹1010, ★ Kerala – ₹1010, ★ Pune – ₹950, ★ Vadodara – ₹950, ★ Ahmedabad – ₹950, ★ […]
The Sensex and Nifty opened at fresh record levels in early trade today, October 4, 2024. The Sensex started trading today at 82244.25, down 252.85 points or 0.31%, and the Nifty was at 25181.90, down 68.20 points or 0.27%. Meanwhile, the Indian rupee was trading today at 83.96 against the dollar.
Here are the diesel prices per liter in the top cities. ★ Delhi – ₹87.62, ★ Kolkata – ₹91.76, ★ Mumbai – ₹89.97, ★ Chennai – ₹92.34, ★ Gurgaon – ₹87.65, ★ Noida – ₹87.86, ★ Bangalore – ₹88.94, ★ Bhubaneswar – ₹92.62, ★ Chandigarh – ₹82.40, ★ HYD – ₹95.65, ★ Jaipur – ₹90.36, […]
Ola Electric has launched the BOSS (Biggest Ola Season Sale) campaign, offering significant discounts on its S1 portfolio, starting at ₹49,999. Customers can enjoy benefits up to ₹40,000, including cash discounts, free battery warranties, and financing offers. Chairman Bhavish Aggarwal emphasized this as a pivotal moment for electric vehicle adoption in India.
Hero MotoCorp sold 637,050 units in September 2024, reflecting a 10% growth in YTD FY’25 (Apr-Sep’24) with total sales of 3,054,840 units. The company noted robust demand in the 100cc, 125cc, and premium segments, along with a 30% increase in global sales. To leverage positive market sentiment, Hero MotoCorp is preparing festive customer offers.
As the festive season brings enticing car deals, consider the 20/4/10 rule before taking a loan. This guideline suggests a minimum 20% down payment, a maximum loan term of 4 years, and that your total transportation costs should not exceed 10% of your monthly salary. Aim for a larger down payment and consider base models […]
Indian stock markets bled heavily on Thursday, due to a fresh flare up in Iran-Israel tensions. Sensex crashed 1,769 points, or 2%, to end at 82,497 levels. Nifty, on the other hand, broke the 25,300-mark to close at 25,250, down 547 points or 2.12%. This resulted in investors losing ₹9.6 trillion. In broader markets, MidCap […]
Salaries in India are projected to rise by 9.5% in 2025, up from 9.3% this year, according to an Aon report. The engineering and manufacturing sectors anticipate 10% increases, while financial institutions expect 9.9%. Attrition rates have declined to 16.9%. The study highlights positive trends across various sectors, emphasizing the need for effective talent retention […]
In September 2024, Royal Enfield sold 86,978 motorcycles, an 11% increase from last year. Domestic sales rose 7% to 79,326 units, while exports jumped 77% to 7,652 units. The Himalayan 450 now offers factory-fitted tubeless spoke wheels. Additionally, Royal Enfield has issued a global recall for motorcycles made between November 2022 and March 2023 due […]
French defense conglomerate Safran Group has expressed its intention to establish its first defense electronics unit outside France in India, signaling a strengthening strategic partnership between the 2 nations. Safran plans to manufacture sensors and essential electronic components for military platforms, although the facility’s location is yet to be determined.
The Sensex and Nifty opened at fresh record levels in early trade today, October 3, 2024. The Sensex started trading today at 83405.83, down 860.46 points or 1.02%, and the Nifty was at 25538.45, down 258.45 points or 1.00%. Meanwhile, the Indian rupee was trading today at 83.93 against the dollar.
The domestic stock market, including the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), will be closed on Wednesday, October 2, in observance of Gandhi Jayanti, a national holiday that honors the birth of Mahatma Gandhi. This day commemorates Gandhi’s significant role in independence movement. The stock market indices will resume regular operations […]