BMW posts 6.2% rise in August brand sales
Germany’s BMW said sales of its core luxury-car brand increased 6.2 per cent in August to 126,152 autos, boosted by strong demand in China and the United States. BMW’s eight-month brand deliveries were up 9.5 per cent at 1.15 million cars, the Munich-based manufacturer said. Adding the... read more »
Domestic car sales grow over 15% in August: Siam
Snapping a nine-month streak of decline, domestic passengercar sales grew by 15.37% to 1,33,486 units in August this year, compared to 1,15,705 units in the same month last year.Industry body Society of Indian Automobile Manufacturers (SIAM), however, played down the feat saying the growth was... read more »
Textile Ministry favours FDI in multi-brand retail
The ministry of textiles under the newly formed BJP government has a contrarian view on the allowing foreign direct investment (FDI) in multi brand retail.Contrary to the party’s policy for not allowing FDI in multiband retail, the ministry, in its strategy report for the sector has recommended... read more »
RBI gets tough; says, even guarantor to be tagged as wilful defaulter if ob...
The Reserve Bank of India (RBI) on Tuesday allowed banks to take action against guarantors on a loan, even without exhausting the remedies against the principal debtor, in case of a wilful default. If the principal debtor fails to make repayments, the banker will be able to proceed against the... read more »
