Shares of Maruti Suzuki slipped a percent intraday on December 6 after the company has recalled certain petrol Smart Hybrid Vehicle by Suzuki (SHVS) variants.The company in its press release announced it will proactively and voluntarily undertake a recall for certain petrol SHVS variants of Ciaz, Ertiga and XL6 vehicles manufactured between January 1 to November 21.Recall campaigns are undertaken globally to rectify faults that may be potential safety defects, it added.Close The company will inspect 63,493 vehicles of petrol SHVS of Ciaz, Ertiga and XL6 for a possible issue with the motor generator unit.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can … [Read more...] about Maruti Suzuki share price slips 1% after co recalls some Ciaz, Ertiga & XL6 petrol variants
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The Indian rupee opened higher at 70.96 per dollar on Tuesday versus previous close 71.05.On December 9 the the rupee ended 16 paise higher at 71.05 against the US dollar on the back of softening crude oil prices and weakening of the greenback against other currencies overseas.Oil prices dropped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC's agreement with associated producers at the end of last week to deepen crude output cuts in early 2020.Close Gold prices held steady on Tuesday, ahead of a policy meeting by the U.S. central bank, while investors awaited clarity on whether a next round of U.S. tariffs on Chinese imports will take effect this weekend. related news Rupee darts up 16 paise to 71.04 against USD No rate cut by RBI gives strength to INR, traders can form unconventional short strangle Rupee trades higher at 71.12 per dollar The dollar-rupee December contract on the NSE was at 71.18 in … [Read more...] about Rupee opens at 1-month high
Arvind Ronta The government’s consistent push for financial inclusion and more digital payments has aided the cashless agenda in India. Debit cards have become a much preferred cashless payment method for a large chunk of people. Over the last four years, the number of debit cards has more than doubled and is expected to cross one billion in the near future. In fact, the low credit card penetration, characteristic of the Indian market, is further dwarfed by the sheer size of debit cards in the country. Does that mean that Indian consumers do not have an appetite for credit? Certainly not.Current consumer credit scenarioClose India has an increasingly aspirational and young population. In the last five years, retail loans have grown at a compounded annual rate of 16 per cent, buttressed by an expanding and ambitious middle class. The value of credit card transactions at point-of-sale (POS) terminals exceeds that of debit cards, especially as big-ticket purchases happen … [Read more...] about Viewpoint | Credit access to debit card holders, a potential game-changer for consumer spending
The current market rally in India is being primarily driven by global and institutional investors. Not many local investors and HNIs who actually drive the mid- and small-cap sentiment are actively driving market sentiments.As demand continues to remain slow, it is getting difficult for mid- and small-cap stocks to perform given the weak economic conditions.Investors are playing it safe and betting on large, stable companies. This is why a set of large-caps are pushing the market up and if you look at the broader indices, there is no rally.Close In the 11th episode of In Focus with Udayan Mukherjee, the CNBC-TV18 Consulting Editor explains how investors should tread the current market trend.Watch the video for more.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You … [Read more...] about In Focus with Udayan Mukherjee | Can market maintain uptrend given weak macro environment?
PC Jeweller share price touched its 52-week low of Rs 23.80, falling nearly 4 percent intraday on December 10 after global analytical company CRISIL downgraded the ratings on the stock.CRISIL has downgraded its long-term and short-term ratings to the bank loan facilities of the company to CRISIL D.The downgrade in the rating factors in the instances of devolvement of Letter of Credits (LC) and overutilisation in working capital limits for more than 30 days, as per the rating rationale provided by CRISIL.Close The same is reflective from the fact that the liquidity profile of the group has deteriorated in the past few months on account of cash flow mismatches. The ratings reflect instances of LC devolvement and overutilisation in working capital limits, large working capital requirement and the risk of unfavourable regulatory changes. related news HDFC gains as Kotak upgrades rating, raises target price Dilip Buildcon bags Rs 825cr Delhi Metro project; share price rises 2% … [Read more...] about PC Jeweller share price falls 4% on CRISIL downgrades