Maruti Picks Up Pace, Sales Grow 1.8%
The company said its domestic sales increased 1.6 per cent in the month to 1,02,626 units as against 1,00,964 units a year ago. Sales of mini segment cars, including Alto and WagonR, declined 27.9 per cent to 34,336 units compared with 47,618 units in the year-ago period, Maruti said in a... read more »
Gold, silver prices drop on weak global cues, low demand
After rising for two days, gold prices went down by Rs 100 to Rs 26,850 per 10 grams at the bullion market on Tuesday, tracking a weak global trend amid slackened demand from jewellers. Silver also eased by Rs 550 to Rs 36,150 per kg on reduced offtake by industrial units and coin makers. Marketmen... read more »
IPOs IndiGo, Infibeam, Teamlease looking to raise over Rs 3000 cr
In a big day for Initial Public Offers, at least three companies — low-cost carrier IndiGo, staffing firm Teamlease and e-retailer Infibeam — have lined up public offers to raise an estimated over Rs 3,000 crore from investors. Merchant banking sources said the draft papers for all... read more »
Relief for Nestle India as Bombay HC allows it to export Maggi
Nestle India’s senior counsel Iqbal Chagla informed the division bench of justice VM Kanade and justice BP Colabawala that 40,000 crore packets were to be recalled from across the country. He added 17,000 crore packets have already been destroyed and also assured the court that the process... read more »
