Hyundai drives in all-new Grand i10 NIOS
Posted on 21st August 2019 |
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| Hyundai, India's second-largest car manufacturer, has launched its all-new hatchback Grand i10 NIOS priced between Rs 4.99 lakh and Rs 7.99 lakh. NIOS is the third generation of i10 series to be launched in India. The car is available in two engine options, 1.2l petrol engine, which is BS VI-compliant and 1.2l diesel engine. The engine is the company's first BS-VI petrol engine in India. To make the car stand out in the competition, the company has put a redesigned front grille with boomerang-shaped LED DRLs and has also added integrated roof rails and a shark fin antenna. S S Kim, managing director, Hyundai Motors India, said "The All New Grand i10 NIOS is Made-in-India made-for-the-world product. The Indian market is key and axis point of Hyundai's global growth plan. The third generation NIOS is our third consecutive launch in India of highly successful i10 Brand" The company recently increased its market share to 19% amid the industry slowdown. Vikas Jain, assistant vice-president sales, said, "We strive to increase our market share everyday and will aim to increase it further. The slowdown is a temporary phase and we are sure the industry will revive. Cars like Venue and Kona are getting a great response and will help to increase our share further." This is the company's third launch in this calendar year after compact SUV Venue and India's first electric SUV Kona. The all new i10 takes on Maruti Suzuki Swift and Ford Figo. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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