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Modi's one year: Pharma and auto stocks sizzle while Sensex returns 11%

May 26, 2015 at 17:39 | Source: FirstPost

Critics may be baying for his blood but the stock market has kept its faith in prime minister Narendra Modi. At least that is what one would infer from the returns data analysis over the last one year.When Modi stormed to power last May, expectations...

Marc Faber: To achieve meaningful growth, Modi govt must curtail power of bureaucracy

May 26, 2015 at 13:16 | Source: FirstPost

This article appeared in the Forbes India magazine issue of 29 May, 2015By Marc FaberIndia is in the midst of change. One of the biggest successes India has had, compared to other nations, is that the stock markets have risen and the currency has bee...

Sensex ends flat, market cautious on Q4 earning numbers

May 21, 2015 at 19:50 | Source: FirstPost

Mumbai: The benchmark BSE Sensex today settled marginally lower by 28 points at 27,809.35 as market remained cautious on concerns over poor quarterly earnings despite prevailing rate cut hopes.Participants were guarded ahead of corporate earning numb...

Renault to launch hatchback Kwid later this year, targets Alto 800, Hyundai Eon

May 20, 2015 at 15:49 | Source: FirstPost

Chennai: Renault launched a premium compact car in India on Wednesday to challenge rivals such as local leader Maruti Suzuki, becoming the first European automaker to debut an international model in the world's sixth-largest car market.The Kwid hatch...

Sensex surges nearly 250 points; inches towards 27,900 mark; rupee down

May 20, 2015 at 10:19 | Source: FirstPost

Key equity benchmark indices opened on a buoyant note early Wednesday, with the Sensex inching towards the 27,900-mark as heavy buying was seen in power, banking and software shares.A day after the markets ended with a negative bias, the Sensex opene...

Car sales grow 18% in April, fastest in 30 months, says industry body

May 12, 2015 at 07:55 | Source: FirstPost

New Delhi: Car sales in India rose by 18.14 per cent in April, the fastest rate of growth in 30 months, as the auto industry continued its journey on the road to recovery riding on improved consumer sentiments, new models and favourable fuel prices.A...

Suzuki says profits fell for first time in six years, sees 2015 rebound| Reuters

May 12, 2015 at 01:30 | Source: FirstPost

TOKYO Japan's Suzuki Motor Corp (7269.T) said its annual operating profit fell for the first time in six years, missing its own target, as weak demand at home and Southeast Asia offset hefty currency gains and robust earnings in India, its biggest ma...

Sensex rallies 394 points as govt sets up panel to look into tax issues; rupee recovers

May 08, 2015 at 10:33 | Source: FirstPost

Indian equity markets today reversed the three-day declining trend and rallied more than 300 points after the government set up a panel to look into the taxation issues of FIIs and also short covering by investors.At 10:24 am, the Sensex was up 394 p...

Auto majors post strong sales growth in April, hope for better year ahead

May 02, 2015 at 10:26 | Source: FirstPost

New Delhi - Top car makers Maruti Suzuki, Hyundai and Honda have begun the new fiscal on a high note by posting robust sales in April, riding mainly on new models.However, Mahindra & Mahindra could manage just 1 per cent increase in sales and...

Spied: Maruti Suzuki S-Cross testing in India with a 1.6l diesel engine

Apr 29, 2015 at 18:53 | Source: FirstPost

Maruti Suzukis ticket to the cross-over party, the S-Cross was spotted testing in India sans camouflage. The car in this image looks like a production ready version. A 1.6-litre badge indicates that the car could either be kitted with the 1600cc petr...

In top gear: Maruti to invest Rs 4,000 cr to roll out new models, boost marketing

Apr 28, 2015 at 11:27 | Source: FirstPost

New Delhi - Maruti Suzuki India plans to invest Rs 4,000 crore this fiscal on capital expenditure in order to enhance its leadership position in the market.The company, which reported its highest ever annual profit and sales in the fiscal concluded 3...

Maruti Suzuki to sharpen rural focus after Q4 earnings top forecasts | Reuters

Apr 27, 2015 at 23:30 | Source: FirstPost

NEW DELHI (Reuters) - Maruti Suzuki India Ltd, the country's top-selling car maker, plans to push deeper into smaller towns and villages to increase sales, its chairman said on Monday, after the company reported a forecast-beating rise in quarterly n...

Dear Renault, why would I want to buy a car named Lodgy if I can help it?

Apr 21, 2015 at 12:33 | Source: FirstPost

Would you like to be called Stodgy? Can you promise not be upset if someone calls you Dodgy? Or be referred to as Podgy? Probably not, for these terms have semi-pejorative meanings.So why, in god's name, would I (or maybe you) want to buy a car - eve...

What's in a car's name? The case of the Renault Lodgy

Apr 21, 2015 at 12:33 | Source: FirstPost

Would you like to be called Stodgy? Can you promise not be upset if someone calls you Dodgy? Or be referred to as Podgy? Probably not, for these terms have semi-pejorative meanings.So why, in god's name, would I (or maybe you) want to buy a car - eve...

FAME India: Govt offers up to Rs 1.38 lakh incentives for electric, hybrid vehicles

Apr 09, 2015 at 07:16 | Source: FirstPost

To promote eco-friendly vehicles, the government today formally launched the FAME India scheme offering incentives on electric and hybrid vehicles of up to Rs 29,000 for bikes and Rs 1.38 lakh for cars.FAME India - Faster Adoption and Manufacturing o...

Sensex logs best fiscal year gain since 2009-10

Mar 31, 2015 at 19:19 | Source: FirstPost

Mumbai: Registering a hefty rise of 25 percent in 2014-15, benchmark Sensex today capped its best show in six fiscal years mainly driven by surge in foreign inflows after the Narendra Modi-led government took charge.For the day, however, the BSE Sens...

Taking stock: Equity investors' wealth surged Rs 27.4 lakh cr in 2014-15; Axis Bank up 93%

Mar 31, 2015 at 17:12 | Source: FirstPost

The Sensex and Nifty surged 24.9 percent and 26.7 percent, respectively, in 2014-15, recording their best annual returns in the past five years. However, it is nowhere near the 80.5 percent and 73.8 percent gains they had registered in 2010. In 2013-...

Ford to triple exports from India with new $1 bln plant

Mar 27, 2015 at 01:15 | Source: FirstPost

SANAND, Gujarat (Reuters) - Ford Motor Co plans to triple exports from India with a $1 billion plant that will be one of its most heavily automated in Asia, offsetting slower sales inside the country with a push to sell more local production abroad.T...

Ford's second plant in India begins operations, firm looks to triple exports

Mar 26, 2015 at 15:15 | Source: FirstPost

Sanand, Gujarat: American auto major Ford aims to triple exports from India over the next five years with its new $1 billion plant in Sanand becoming operational. The plant, the company's second in the country, which was inaugurated by Gujarat Chief ...

Rate cuts boost consumer sentiment: Passenger vehicle sales likely to rise 6-8% next year

Mar 11, 2015 at 09:15 | Source: FirstPost

New Delhi- Faster growth and improved consumer sentiment should boost sales of passenger cars and utility vehicles in India by 6 to 8 percent in the year starting in April, the country's auto industry body said on Tuesday.The improved sales outlook f...

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