CHENNAI: In a shake-up, two-wheeler market leader Hero MotoCorp has slipped to the second position behind Japanese arch rival Honda Motorcycle & Scooter India, wholesale dispatch data showed. In retail sales, however, Hero remains the two-wheeler king.Honda clocked just over 18.53 lakh units in domestic wholesales in the April-July period, while Hero logged over 18.31…
NEW DELHI/MUMBAI: Finance minister Nirmala Sitharaman on Monday nudged state-run banks to step up deposit mobilisation and conduct special drives so that it can keep pace with the growth in loans.The minister’s comments at a meeting with public sector bank chiefs came amid data by SBI Research suggesting that bank deposits, traditionally favoured for their…
MUMBAI: Indians seem to be falling out of love with global quick service restaurant (QSR) brands like McDonald’s, Burger King and Pizza Hut, nudging companies to go aggressive on value offerings in the market.Be it the rise of new age food brands that are finding favour with venture capital (VC) investors who are backing them…
Once they were considered back offices catering to Fortune 500 companies. But that was then. Global Capability Centres (GCCs) have since emerged from the shadows, expanding their sphere of influence within the Indian tech landscape. They have evolved into tech powerhouses, seamlessly integrating with their parent enterprises and becoming strategic assets providing access to digital…
Top 15 stocks that can give up to 50% return! Identifying multi-bagger stocks is the ultimate goal for every investor, but it’s a daunting task to pinpoint such opportunities.Consensus estimates reveal that out of approximately 400 stocks analyzed by a minimum of five analysts, around 54 are anticipated to generate returns ranging from 20% to…
Car discounts galore! Car manufacturers and dealers are offering substantial discounts, including cash discounts, exchange bonuses, and additional benefits, even on popular models, in an effort to clear a significant inventory buildup caused by slowing sales. According to trade insiders, major automakers like Maruti Suzuki, Hyundai, Tata Motors, Skoda, and Honda are all providing cash…
MUMBAI: Start Health & Allied Insurance has said that it will hike rates by 10-15% in a segment of its policies. The company has said that hospital charges that rose during Covid have not been corrected and that reducing the waiting period for pre-existing illnesses would also require higher rates. “We have planned for a…
MUMBAI: The pace of bank credit growth is slowing down, with incremental bank deposits outpacing growth in advances during the current financial year.Bank deposits stood at Rs 211.9 lakh crore as of July 26, 2024, fortnightly data released by RBI showed. Banks have added deposits of Rs 7.2 lakh crore since March 2024, which is…
MUMBAI: RBI has proposed risk-based pricing for bank deposit insurance. The reasoning is that stressed banks could face rapid deposit withdrawals through digital channels, as quick dissemination of information through social media could accelerate bank runs.“The implementation of risk-based premium for deposit insurance merits consideration. By tying insurance premiums to the level of risk posed…
NEW DELHI/MUMBAI: Public and private sector mining companies are staring at Rs 1.5 lakh crore arrears after the Supreme Court on Wednesday allowed states to collect royalty and tax on mineral-bearing land retrospectively from April 1, 2005.Govt sources said the judgement’s impact on the sector and its investment prospects as well as policy issues will…
