The move contrasts with the federal Liberal government's policy, which opposes slapping sales tax on Netflix and other providers of online services.
Net profit rose 19 per cent from a year ago to USD 10.7 billion in the fiscal fourth quarter to September 30, Apple said. Revenues were up 12 per cent to USD 52.6 billion.
HMIL Director, Sales and Marketing, Rakesh Srivastava said the company's October sales were driven by its popular models such as Grand i10, Elite i20 and Creta. Besides, the newly-launched Verna received strong customer response with over 20,000 cumulative bookings and 1.5 lakh enquiries, he added.
In the domestic market, its sales grew marginally to 48,818 units last month compared to 48,729 in October 2016.
Domestic tractor sales stood at 10,001 units as against 8,859 in October last year, up 12.9 per cent, Escorts Ltd said in a BSE filing.
New launches of homes fell by 53 per cent to 22,115 units in the second quarter of the current fiscal due to the implementation of new real estate law RERA, said the report by realty portal PropTiger.com.
Wal-Mart also forecast overall net sales would rise by at least 3 percent in the year ending January 2019, and said it would buy back $20 billion of its shares over the next two years.
Car sales went up 6.86 per cent to 2,08,656 units as against 1,95,259 units in September last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM) today.
The Chennai-based company had sold 2,93,257 units in September 2016. Total two-wheeler sales during the month increased 22 per cent to 3,50,854 units.
Domestic sales came in at 44,000 units as against 29,035 in the year-ago month, a growth of 51.54 per cent, it added. Export during the month stood at 1,563 units as against 1,527 in the year-ago month, up 2 per cent.
Car makers will need to amass credits for so-called new-energy vehicles (NEVs) equivalent to 10 percent of annual sales by 2019, China's industry ministry said in a statement on Thursday. That level would rise to 12 percent for 2020.
Nike is battling pressures on many fronts - in North America a reinvigorated Adidas has taken market share, while athleisure, a decade-long trend that saw shoppers wear sports apparel for formal and informal occasions, has been fading.
Thomson Reuters data, based on the latest annual earnings reports, shows India's corporate debt rose to a seven-year high at the end of March. More than a fifth of large companies did not earn enough to pay interest on their loans and the pace of new loans fell to the lowest in more than six decades.
Car sales were up 11.8 per cent to 1,98,811 units as against 1,77,829 units in August last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
The company had sold 26,408 units in the same month last year, Ford India said in a statement. Domestic sales were down 9 per cent to 7,777 units last month as against 8,548 in August last year, it said.
The company had sold 36,787 units in August last year, SMIPL said in a statement. Buoyed by the robust performance, the company said it is targeting an annual sale of 5 lakh units in 2017-18.
The company had sold a total of 14,045 units in the same month last year, TKM said in a statement.
Domestic sales increased marginally at 2,00,659 units as against 2,00,314 units in the same month last year, Bajaj Auto said in a statement.
Elon Musk-run Tesla has been counting on its least pricey electric sedan, Model 3, to become a profitable and high-volume manufacturer of electric cars.
The company has committed to invest 25 billion rupees in its passenger vehicles unit, and will pump in more than 15 billion rupees in its commercial vehicles business this year and annually over coming years, chief executive Guenter Butschek told reporters in Mumbai.
The fact that other smartphone manufacturers like Xiaomi, who previously were Online exclusive, are now entering the offline market, may have contributed towards this decline in the sales of Oppo and Vivo. Xiaomi claims to have sold more than 5 Million units of the Redmi Note 4 smartphone till date, with high chances of disrupting the sales of its competitors in the segment.
The company had sold 88,159 units in July 2016, Tata Motors said in a statement.
Post GST implementation, the company is expecting the sale of branded air coolers to rise as the new indirect tax regime will remove the huge price differential advantage the unorganised market was enjoying.
Its motorcycle sales also dropped 7 per cent to 2,65,182 units as against 2,85,527 units in July last year, Bajaj Auto said in a BSE filing.
"The PSU coal mining behemoth has booked 32.7 million tonne of coal through different e-auction schemes during April-June 2017 against 24.8 million tonne in the same quarter in the previous fiscal, an increase of 7.9 million tonne," a CIL official told PTI.