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Mercedes-Benz’s Sales up 17.5 Percent in 2014-15
Luxury automobile manufacturer Mercedes-Benz on Thursday reported an increase in sales of 17.5 percent during 2014-15 which stood at 11,213 units from 9,548 units sold during 2013-14.
According to the company, its sales in the…
Indirect Tax Revenue Collection up 9.9 Percent in 2014-15
The government on Thursday provisionally reported an increase of 9.9 percent in indirect tax collection at Rs.546,479 crore during April-March 2014-15 on a provisional basis. According to finance ministry, the collection during last fiscal…
India ranks 119 on FM Global Resilience Index
In the 2015 FM Global Resilience Index, India has been ranked a low 119 out of 130 countries, moving downwards in compare to last year. The Index measures business resilience of nations based on economic, risk quality and supply chain…
Hindustan Copper signs MoU with Mines Ministry for 2015-16
The Hindustan Copper Limited has signed a Memorandum of Understanding (MoU) with the Ministry of Mines, Government of India, in New Delhi on 31.03.2015, outlining the business plan for the financial year 2015-16.
The MoU was signed…
ONGC sells 23 Percent Stake in Tripura Power Firm
India Infrastructure Fund II will acquire 23.5 percent stake worth about Rs.426 crore in ONGC Tripura Power Company (OTPC), jointly promoted by ONGC, IL&FS Energy Development Company (IEDCL) and the government of Tripura, state-run Oil…
ING Vysya-Kotak Mahindra Merger gets RBI Approval
The ING Vysya Bank has merged with Kotak Mahindra Bank with effect from April 1, 2015 and the combined entity will bear the name Kotak Mahindra Bank. It was a historic moment for the Indian financial services sector, because never before…
BSE Sensex closes 303 Points up; Banking Stocks gain
A benchmark index of Indian equities markets, the 30-scrip BSE Sensex, made healthy gains during Wednesday's trading session and closed the day at 303 points or 1.08 percent up.
The wider 50-scrip Nifty of the National Stock Exchange…
Hero MotoCorp’s Sales up 6.2 Percent in 2014-15
Two-wheeler major Hero MotoCorp Wednesday reported an increase of 6.2 percent in its sales for 2014-15, which stood at 6,631,826 units from 6,245,960 units sold in the previous fiscal.
“FY’15 was a year of milestones at Hero MotoCorp -…
Maruti’s sales up 11.9 Percent in 2014-15
Automobile manufacturer Wednesday reported an increase of 11.9 percent in its total sales for 2014-15, which stood at 1,292,415 units from 1,155,041 units sold in the previous fiscal.
According to the company, domestic sales during the…
Petrol Price cut by 49 Paise per Litre, Diesel by Rs 1.21
Petrol price has been cut by 49 paise per litre while the diesel price has slashed by one rupee 21 paise per litre including State levies, due to a decrease of crude oil price in international market.
In a statement, Indian Oil…