Articles for author: Market News

Market News

Tata Consumer Products Unites Subsidiaries to Streamline Operations and Enhance Efficiency

Tata Consumer Products Unites Subsidiaries to Streamline Operations and Enhance Efficiency

Tata Consumer Products Ltd (TCPL) has successfully merged its three wholly-owned subsidiaries—Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz Ltd—following approval from the National Company Law Tribunal (NCLT). This merger, effective September 1, 2024, aims to simplify and streamline the company’s operations, unlocking efficiencies and synergies. Despite the consolidation, TCPL will maintain ...

Market News

TVS Motor Soars: 13% Sales Surge Fuels Record August Exports!

TVS Motor Soars: 13% Sales Surge Fuels Record August Exports!

TVS Motor Company reported a significant increase in sales, rising by 13 percent year-on-year in August, totaling 391,588 units. This marks an improvement from 345,848 units sold during the same month last year. Notably, two-wheeler sales surged to 378,841 units, reflecting a 14 percent growth compared to August 2023. The domestic Market alone saw two-wheeler ...

Market News

Car Sales Plummet as Dealer Stock Soars Amidst Dwindling Demand Crisis

Car Sales Plummet as Dealer Stock Soars Amidst Dwindling Demand Crisis

In August 2024, domestic passenger vehicle sales in India fell by 2-3% year-on-year, totaling about 355,000 units. This decline is attributed to sluggish demand and high unsold inventory, with dealers holding around 730,000 cars, enough to last over two months. Maruti Suzuki, the leading carmaker, cut its dealer dispatches by around 13,000 units, leading to ...

Market News

Scandal Erupts: Five Trainee Officers Arrested in Rajasthan Exam Leak

Scandal Erupts: Five Trainee Officers Arrested in Rajasthan Exam Leak

Five trainee sub-inspectors from the Rajasthan Police Academy, including two women, were arrested by the Special Operations Group for their involvement in a paper leak during the sub-inspector recruitment exam. The arrested individuals, including Shobha Raika and her brother Devesh Raima, who are related to a former Rajasthan Public Service Commission member, were previously detained ...

Market News

FAIMA Alleges Corruption in IMA Elections, Demands Urgent Investigation

FAIMA Alleges Corruption in IMA Elections, Demands Urgent Investigation

The Federation of All India Medical Association (FAIMA) has raised serious concerns about alleged irregularities in the Indian Medical Association’s (IMA) recent electoral process. In a letter to the IMA’s chief election commissioner, FAIMA claims that significant funds were collected for nominations while key positions were filled without elections, risking the organization’s integrity. They also ...

Market News

President Murmu Urges Revolution in Justice: End Court Adjournments Now!

President Murmu Urges Revolution in Justice: End Court Adjournments Now!

President Droupadi Murmu emphasized the need for reforms in the judicial system to eliminate the “culture of adjournments” in courts. At the closing event of the National Conference of the District Judiciary, she highlighted the significant challenge posed by the backlog of court cases and stressed that judges must work towards providing swift justice. Murmu ...

Market News

India’s GST Surges to Rs 1.75 Trillion Amid Festival Demand and Compliance

India’s GST Surges to Rs 1.75 Trillion Amid Festival Demand and Compliance

In August, India reported a Goods and Services Tax (GST) collection of Rs 1.75 trillion, marking a 10 percent increase compared to last year. This growth is attributed to stronger consumer spending as the festive season approaches, along with enhanced GST audits and investigations that have improved compliance. Domestic collections rose by 9.2 percent, while ...

Market News

Indraprastha Gas: Revolutionizing LNG and Biomethane for India’s Future

Indraprastha Gas: Revolutionizing LNG and Biomethane for India’s Future

Indraprastha Gas Limited (IGL), under the leadership of Managing Director Kamal Kishore Chatiwal, is making significant strides in the liquefied natural gas (LNG) sector. The state-run company plans to set up 100 LNG stations by FY30 and is focused on developing CNG to LNG conversion plants for challenging landscapes. In a recent interview, Chatiwal highlighted ...

Market News

Maruti Suzuki Faces Sales Dip Amid Export Surge: A Dramatic Shift

Maruti Suzuki Faces Sales Dip Amid Export Surge: A Dramatic Shift

Maruti Suzuki India reported a 4% decline in total sales for August 2024, with 181,782 units sold compared to 189,082 units in August 2023. Domestic passenger vehicle wholesales fell by 8%, totaling 143,075 units last month. The mini segment, including Alto and S-Presso, saw a decrease in sales to 10,648 units, while compact cars, such ...

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