latest Market News

 The world’s largest coal miners, Coal India Ltd (CIL), has planned to buy metal mines abroad amid faltering revenues and rising employee costs, which could lead to a strategy shift to cut reliance on the fossil fuel.   The firm plans to form two units: one to expand into copper and nickel mining overseas and another to manage its local mining of iron ore, bauxite and manganese. There are two CIL officials involved in the...

  • Posted on : Thursday , 5th October 2017
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 Ford India’s combined domestic exports and wholesales in September reached 16,525 vehicles from 22,590 vehicles in the same month last year.    Domestic wholesales in September stood at 8,769 vehicles, as against 9,018 units a year ago, while exports were at 7,756 vehicles compared to 13,572 units last year.    “Our wholesales were impacted because of the new model launch planning along with ongoing...

  • Posted on : Wednesday , 4th October 2017
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 Honda Motorcycle, Hero MotoCorp and Scooter India and Mahindra and Mahindra (M&M) and a few other automobile majors reported healthy sales growth for September.   Hero MotoCorp's sales during September surpassed the "seven-lakh-sales-mark" which is the highest for any month. It dispatched 720,739 units last month from 674,961 units sold during the corresponding month of last year.   "With three weeks still...

  • Posted on : Wednesday , 4th October 2017
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 Hyundai Motor India (HMIL) will be providing transportation for FIFA officials through premium Hyundai cars during the FIFA U17 World Cup Tournament starting 6 October 2017 in India.   At the Jawahar Lal Nehru Stadium in New Delhi the official handover ceremony took place where Y K Koo, MD & CEO, HMIL, handed over the fleet of premium Hyundai cars to the Marketing Operations Group Leader of FIFA Martin Nussbaumer and Javier...

  • Posted on : Wednesday , 4th October 2017
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 Maruti Suzuki India Ltd which is India’s largest carmaker, has embarked on a journey that has the potential to kick start the electrification revolution in the Indian automotive industry.    In a collaboration with tech giants Toshiba and Denso, the company will be setting up India’s first lithium-ion battery production facility purely dedicated to automobiles.    By the end of this decade the plant is...

  • Posted on : Monday , 2nd October 2017
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