Goa Chief Minister Manohar Parrikar announced on Friday that he will be meeting Prime Minister Narendra Modi on August 7 to discuss the mining crisis that Goa is facing. Parrikar said he will apprise the Council of Ministers appointed by the PM about the situation and will convince the Centre to amend the law in order to restart mining in Goa.The mining industry in Goa is in doldrums, probably since 2012 when the Supreme Court had first suspended mining operations. Let’s understand the crisis from the eye of the storm.What is the crisis?Close To understand what the crisis, let us look at a brief timeline of events that have transpired. related news Legal Matters | SC’s Sabarimala review makes a bad judgment worse Justice Sharad Arvind Bobde sworn in as 47th Chief Justice of India SA Bobde to take oath as 47th Chief Justice of India today # In 2011, Goa had exported over 50 million tonnes (MTs) of low-grade iron ore. The exports to China had seen a sudden surge … [Read more...] about The mining industry in Goa is in doldrums. Is legislation the only solution?
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The market delivered 3 percent return in the week ended October 18. This was backed by renewed FII inflow along with consistent DIIs money, government's initiative towards strategic disinvestments -- especially after stellar response to IRCTC, -- stable earnings and favourable global cues including the Brexit deal.With a rally in two consecutive weeks, benchmark indices recouped all its losses seen in the week ended October 4. The BSE Sensex ended at 39,298.38 and the Nifty50 at 11,661.90.Corporate Q2 earnings are expected to be dull and may disappoint in some cases. Liquidity issues along with consumer spending slowdown could led to not so good Q2 growth numbers.Close "We may see some consolidation in Nifty after the recent surge while movement on the specific stocks would continue. In the absence of any major event, global cues and earnings will continue to dictate the market trend," said Ajit Mishra Vice President, Research, Religare Broking. related news Ideas for … [Read more...] about Hits and misses of corporate earnings: Top 10 companies that declared Sept quarter results last week
Manufacturers of cars and sports utility vehicles fear muted growth during the remaining part of the festive period, going by demand trends during Navratri and Dussera.Retail demand has not been as buoyant as it usually is in the run-up to Diwali. With buyers choosing to stay away from showrooms the inventory with dealers has been rising. Much of the stock expected to get liquidated during the Dussera week has remained unsold. Dussera is considered to be auspicious for Hindus and most buyers prefer to take delivery of new cars on that day.A prominent Mumbai-based dealer told Moneycontrol such a sombre mood was last seen in 2013. Last year, despite the GST rollout, car demand was upbeat.Close RC Bhargava, Chairman, Maruti Suzuki India, said, "Conditions have changed for the worse in the last few months and festival season this year does not seem to be showing any kind of great buoyancy over last year festival season. Sales may be only marginally different from the last year's festive … [Read more...] about Car makers fear a gloomy Diwali as buyers shy away on rising fuel prices, other factors
Bajaj Auto, India's fourth largest two-wheeler maker, is readying a series of launches over the next one year as a part of an ongoing effort to increase its motorcycle market share, which hit a four-year high in September.After witnessing a sustained surge in demand for its bread-and-butter CT 100 and Platina models, Bajaj Auto is now looking to launch models in the 125cc commuter segment, and as well as in the 150cc-and-above segment."Within the M1 (100cc) segment we see Platina becoming a bigger pie. As we go forward you will also see us focusing a lot on the sports segment. As a family we should be doing around 90,000 from 75,000-80,000 a month in the sports segment," said Kevin D’sa, President (Finance), Bajaj Auto.Close The company is represented in the sports segment by its Avenger and Pulsar models. "As we talk about one or one and half years there will be more products coming in primarily in the M3 segment," D’sa said. related news India makes … [Read more...] about Bajaj Auto eyes more gain in market share with series of launches
Carmakers such as Maruti Suzuki and Hyundai have been forced to increase discounts ahead of festive season to beat the sombre market and woo buyers. High fuel costs, hiked insurance rates and lending rates have impacted sales at the retail level.Car market leader Maruti Suzuki said it offered more discounts on vehicles during the second quarter ended September 2018 than it did in the same quarter last year in a desperate attempt to push volumes at the retail end.Average discounts offered by the maker of Swift, Dzire and Baleno rose 23 percent to Rs 18,750 per vehicle, a rise of Rs 3,500 per vehicle from the last quarter.Close Dealers of Hyundai, the country’s second-largest maker of passenger vehicles, have also reported too a rise in discounts to attract buyers. related news India makes advance payment for Russian missile system: Rostec CEO Sergey Chemezov Rajiv Bajaj hits back at Tata Motors design head over criticism on Chetak styling Huawei’s foldable phone … [Read more...] about Maruti Suzuki offers discounts on cars to battle insurance premium hike