Car consumers are seeking cleaner, next-gen Bharat Stage VI (BS-VI) emission standard vehicles from Maruti Suzuki despite the availability of cheaper and soon-to-be-outdated BS-IV vehicles.Despite Rs 8,000-11,000 increase in prices in BS-VI cars compared to BS-IV, the car market leader has sold more than 200,000 units of BS-VI cars since their debut in April.In a recent conference call on the sidelines of announcing the Q2 results, a senior Maruti Suzuki official said that the company was left with only 14 days of BS-IV stock.Close So far, of the 14 models the Delhi-based company retails in India, eight have been converted to BS-VI including some best-sellers like Alto, Baleno, Swift, Dzire, Ertiga and Wagon R. related news Rupee up 5 paise at 71.71 against US dollar China's Xi says he wants to work out initial trade deal with US Tata Motors makes a "paradigm shift" for its dealers to beat slowdown Shashank Srivastava, executive director, Maruti Suzuki said, “We … [Read more...] about Maruti running out of BS-IV stock even as buyers seek emission-friendly BS-VI variants
Hammond seeks off the shelf brexit transition
The conventionally held wisdom is that large tobacco companies are poised to benefit the most from widespread marijuana legalization. They already have supply chains that could take on the task of producing joints or spliffs just as easily as tobacco cigarettes. And these companies also already deal in controversial substances, so they wouldn’t shy away from the challenge. While Big Tobacco is reportedly looking into the potential for marijuana sales, there’s another, more unexpected sector that’s also getting into the act: the vitamin and nutritional supplement industry. advertisement advertisement A Michigan nutritional supplement company called Creative Edge Nutrition is branching out into the marijuana space with a 10.3 acre growing facility in Windsor, Ontario, that can generate up to 1.3 million pounds of marijuana worth about $5 billion every year. Unlike almost every other firm in the marijuana industry, Creative Edge is a publicly traded company … [Read more...] about Is This The First $5 Billion Marijuana Company?
The Nifty has been finding it tough to breach the psychological 12,000 mark on continuous profit booking around that level.In fact, it remains in consolidation mode for the third consecutive week and is trading between 11,850 and 12,000 levels.The sideways movement begun after the index rallied 1,300 points from 10,700 to around 12,000 in a span of just two months on the back of several government measures including a cut in the corporate tax rate by 10 percentage points.Close The recent September quarter earnings and cut in corporate tax rate made analysts confident about future corporate earnings growth. related news Dharmesh Shah sees Nifty heading towards its record high of 12,100, bets on these 2 stocks Market Headstart | Nifty may open flat over fears of delay in 'Phase one' US-China trade deal Laurence Balanco, Technical Analyst at CLSA, believes 12,070-12,118 should provide a platform for resumption of the market long-term uptrend. "A break above 12,070-12,118 … [Read more...] about CLSA sees Nifty at 13,700-13,800 levels if index surpasses its earlier high
Most non-life insurance policies−be it health, personal accident, auto or home−are contracts renewable yearly. Barring a few two- and three-year covers introduced by non-life insurers, most policy holders receive yearly renewal notices for the payment of their premiums to retain their insurance covers. With the advent of technology, it has become a hassle-free act in most cases. All you need to do is to read the text message from your insurer, click on the link given in it, tick the accept term and conditions box and make the payment online. Within a minute or two, the policy document hits your email inbox.Review your renewal notice It is a sacrosanct document, most experts say. It is the base of the contract you are entering into. Do check your name and other details. Check what you are insuring. For example, if you are renewing a personal accident insurance cover, do check the coverage offered for each event−accidental death, total permanent disability and … [Read more...] about Five factors to review before renewing your insurance policy
Foreign portfolio investors (FPIs) sold equities worth Rs 22,500 crore in the Indian market in the September quarter, as concerns over weak macroeconomic environment and uncertainty around the US-China trade talks and Brexit kept the risk appetite low.There was a shift in the preferences of stocks and sectors as well.According to a Kotak Institutional Equities report, Lemon Tree Hotels, Varun Beverages and Shriram Transport saw the highest increase in the stake by FPIs, while Mindtree, Yes Bank and LIC Housing Finance saw the biggest drop in stake.Close Diversified financials, IT services and oil, gas and consumable fuels sectors witnessed FPI selling. FPI ownership in the BSE-200 Index declined to 23.8 percent in the September quarter from 24.1 percent in the previous quarter. related news These 26 stocks saw EPS downgrades in 4 quarters: time to book out? CSB Bank IPO opens today; should you subscribe? Market Headstart | Nifty … [Read more...] about These stocks were FPI favourites in Q2; do you have any?