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
Who offers 529 plans
Tata Steel plans to cut jobs across its European operations as it wrestles with excess supply and high costs, the company said on Monday.Following a weekend interview in the Financial Times with the group's European chief executive, Henrik Adam, Tata confirmed it was planning to announce job cuts across the European business, which employs around 20,000 people.No numbers have been made public. Indian-owned Tata Steel, which launched a transformation programme in June to strengthen its European business, has operations including steelmaking in the Netherlands and Wales and downstream operations across Europe.Close There will be no plant closures but the aim is to shield the company against the "huge number of challenges" it faces, the company said. related news HAM grows substantially in over 3 years, but some cracks are now surfacing on highways: Crisil IT companies may shed 30,000-40,000 mid-level staff: T V Mohandas Pai "We are working hard on our plans to be operationally … [Read more...] about Tata Steel plans to cut jobs across European operations
It is suffocatingly dusty, a grey-brown haze looming over the city. People are wearing masks, wheezing or even coughing heavily as though the alveoli in the lungs can’t tell air from dust anymore.The visibility is bleak – 200 metres, I'd say – and people are struggling to keep their eyes open with the particulate matter settling on the eyelashes. Some have eyes which are blood-shot red with irritation.In the midst of this hideous desert-like city of mask-donning, sick-looking people and top-less buildings, my nose surprisingly detects the fragrance of lavender. The stimulus turns my body and I start walking towards the source, astonished that my body still responds to stimulus. I am half-convinced that it’s a mirage –like a thirsty traveller in a desert gets the illusion of a water body.Close Making conscious use of the limited oxygen in my body, I seem to have reached the source. A 15 ft X 5 ft vestibule is selling “pure oxygen”! … [Read more...] about Ground Report | Delhi Pollution: As citizens gasp for breath, oxygen bar offers ‘clean air’ for 15 minutes at Rs 299!
Flipkart recently began its Mobiles Bonanza sale, offering discounts on several smartphones. The sale will end on November 18, with the E-commerce giant offering discounts on several handsets from flagship to budget. Smartphones from Realme, Asus, Samsung, Xiaomi, and Motorola, among others, are all getting discounts during the sale.Here are some of the best offers –If you are looking for a smartphone under Rs 7000, the Redmi 8A and Redmi 7A are now available, starting from Rs 6,499 and Rs 5,799, respectively. Other smartphones under Rs 7,000, include the Infinix Hot 8 (Rs 6,999), Nokia 2.2 (Starting at Rs 6,599), Gionee F9 Plus (Rs 6,999), Moto e6s (Rs 6,999) and Oppo A3s (Rs 6,990).Close The retail giant is also offering price cuts on the Realme 3 Pro, Nokia 6.1 Plus, and Redmi Note 7S, bringing them into the sub-Rs 10K smartphone category. Another smartphone under Rs 10,000 to get a price cut is the Realme 5, which receives an instant Rs 1,000 discount. related news … [Read more...] about From Samsung to Realme: Flipkart’s latest smartphone sale is offering big discounts many handsets
Shares of public-sector banks extended previous day's gains on November 18 after the Supreme Court of India said the resolution of Essar Steel would proceed as per the October 2018 plan, clearing the way for ArcelorMittal to acquire the bankrupt company.All brokerage houses remained bullish on SBI and ICICI Bank, which would be biggest beneficiaries in resolution of IBC (insolvency and bankruptcy code) cases, including Essar Steel.Close The Nifty PSU Bank itself gained nearly a percent on top of 3.3 percent gains in the previous session. Jammu & Kashmir Bank, SBI, Indian Bank, Syndicate Bank, Central Bank, Canara Bank, Union Bank, PNB, Bank of Baroda and Bank of India rose 0.5-2 percent while Corporation Bank rallied 16 percent on top of 17 percent rally in the previous trading session. related news As market consolidates these 10 large, midcaps may return 10-29% in next 12 months Nifty flirts with 12K: 4 common equity investment mistakes you must avoid Hot Stocks: … [Read more...] about Brokerages see these 2 banks as biggest beneficiaries of Essar Steel resolution