Latest Updates Around The World
Indian SUV giant Mahindra & Mahindra (M&M) does not expect car prices to rise from January next year unless boosted by a significant rise in commodity prices, a top company executive said on Thursday.Given an automotive trend where automakers typically announce price increases every year from January onwards, Mahindra executive director and CEO for automotive […]
The domestic auto sector may witness a recovery in demand cycle over the next two to three years, supported by strong macroeconomic stimulus measures such as the upcoming Pay Commission salary revision, income tax cut and interest rate cuts, according to a report by Incred Research.The report stated that after a sharp rally in the […]
Demand for household products and groceries recovered in the second quarter even before the cut in goods and services tax rates on key staples came into effect on September 22, as shown by the latest data from Numerator (formerly Kantar) and growth rates of leading fast-moving consumer goods (FMCG) companies.FMCG sales volume rose 4.7% year-on-year […]
The impact of GST exemption on insurance policies on Axis Max Life Insurance’s Embedded Value is approximately ₹268 crore, says MD & CEO Sumit Madan. In an interaction with business lineMadan said the insurer has decided to recoup the impact of GST through initiatives such as distributor negotiations, cost optimization and product mix improvements. Axis […]
SUVs are driving the growth of the domestic passenger car segment, with customers looking to upgrade to bigger cars instead of downgrading to smaller ones due to lower prices after the GST rate cut, a top Hyundai Motor India executive said.The company, which on Tuesday introduced an all-new version of its Venue compact SUV, said […]
The Indian auto sector is showing renewed vigor following the recent rationalization of GST rates, with signs of a sustainable recovery in passenger vehicles (PVs) and some optimism in the two-wheeler segment. However, according to founder Deepak Shenoy, it may take some time for commercial vehicles (CVs) to catch up & CEO from Capitalmind.When asked […]
FMCG company Tata Consumer Products director Sunil D’Souza on Monday said three of its brands – Capital Foods, Organic India and Tata Soulfull – have seen an impact on sales during the transition phase of the GST rate reduction, with business disruption far greater than expected. To be fair, the company recorded “decent double-digit growth” […]
Ashok Chandra, Managing Director and Chief Executive Officer of Punjab National Bank (PNB), expects the VAT rate reduction to boost progress in retail and MSME (Micro, Small and Medium Enterprises) by 1 to 2 percent. Talk to business line after announcing the financial results for the July-September quarter (Q2 FY26), he also hoped that the […]
