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Maruti Rules Out Getting Back To Diesel Segment; Focus On Making Petrol Cars More Fuel Efficient

Companies & Markets Sector Reports Auto

The share of diesel vehicles is currently less than 17 per cent of the overall passenger vehicle (PV) sales. It is a massive reduction from 2013-14 when diesel cars used to account for 60 per cent of the overall sales.

Public Sector General Insurers Losing Motor Segment Share Very Fast - Lost 30% Business Since FY18

BW Online Bureau

Companies & Markets Sector Reports

That the decline is so stark for the public sector players is clear from the FY18 market share number when they held 46.5 percent of the total motor segment premia, while private players had only 53.5 percent then.

Sale Of Cairn Shares By Govt A Bad Decision?

BW Online Bureau

Companies & Markets

The tax department reasoned the decision to the fact that Cairn had begun the process to sell its residual stake in 2014 and the company would have fled the country after that, leaving no avenues to recover the levy.

Rolex Rings IPO To Open On Jul 28; Sets Price Band At Rs 880-900

BW Online Bureau

Companies & Markets

Rolex Rings' IPO comprises a fresh issue of shares worth Rs 56 crore and an offer for sale of up to 75 lakh equity stocks by Rivendell PE LLC (formerly known as NSR-PE Mauritius LLC).

Gadkari Exhorts Vehicle Makers To Constantly Improve Build Quality To Int'l Level

BW Online Bureau

Economy

Virtually addressing an event organised by MIT-ADT University, Pune, the minister said that safety audits have been mandated at all stages of road development to reduce accidents.

Tourism Industry's Share In GDP Falls 120 Bps To 4.7 Pc In 2020 Due To Pandemic Impact: Report

BW Online Bureau

Economy Policy

Quoting data from the World Travel and Tourism Council, SBI Research in a report said contribution of the travel and tourism sector to GDP went down from 6.9 per cent in 2019 to 4.7 per cent in 2020.

BPCL Says No Intention To Sell Stake In Petronet, IGL

BW Online Bureau

Energy & Infra Oil and Gas

BPCL will give the buyer ownership of around 15.33 per cent of India's oil refining capacity and 22 per cent of the fuel marketing share.

Ways In Which Financial Frauds Can Wipe Your Hard-Earned Income

Ganesh Mohan

Companies & Markets Sector Reports

Frauds and scams have been around ever since humans had assets worth thieving, but the digital revolution in financial services led to the industrialization of financial frauds.

Borosil Renewables To Double Solar Glass Capacity Investing Rs 500 Cr

BW Online Bureau

Companies & Markets

Borosil Renewables is in a unique position not only for being the sole domestic manufacturer of solar panel glasses but also its business is protected from an anti-dumping duty on its only competition--imports and thus not having any price setting power.

WB Governor takes jibe at state govt for increasing its sharehold on Andal airport

ANI

National

WB Governor takes jibe at state govt for increasing its sharehold on Andal airport

Hong Kong Online Banks To Spread Wings, Offering Business Loans And Wealth Management

BW Online Bureau

Companies & Markets Sector Reports

Eight such banks started this year and as of November had taken more than $1 billion in deposits and attracted nearly 300,000 customers.

Improved economic activities likely to boost GST collections in November: SBI Ecowrap

ANI

Improved economic activities likely to boost GST collections in November: SBI Ecowrap

SoftBank Shares Slide 5% As Investors Wary Of Its US Tech Bets

BW Online Bureau

Companies & Markets

The fall takes SoftBank's share decline to 12% since sources told Reuters and other media late last week that it made big bets on equity derivatives tied to tech firms.

China's Xpeng Surges 67% On U.S. Debut, Raises $1.5 Billion In IPO

BW Online Bureau

Economy

Shares of Xpeng, which counts Chinese e-commerce titan Alibaba and Xiaomi Corp among its backers, opened at $23.10 per American Depositary Share (ADS), up from the raised offer price of $15.00 per ADS.