The demand for luxury cars in the country has increased in the last few years. Audi and Mercedes, makers of premium cars, have made record sales in the festive season this year. Demand for these companies was weak this year. However, luxury car companies are expecting some compensation in the festive season. This year, the…
Sales have created a record in the passenger vehicle segment in the country in November. About 3.34 lakh units of passenger vehicles were sold last month. This is an increase of approximately 3.7 percent on a year-on-year basis. In the same month last year, passenger vehicle sales were 3.22 lakh units. Data from the Society…
Global automobile company Tata Motors has achieved its highest monthly sales in November. With this it has moved closer to second place in the country’s automobile market. It is giving tough competition to Hyundai Motor which is at second position in this market. SUVs have a major share in the sales of Tata Motors. The…
German luxury car maker Audi’s sales in India increased by 89 percent last year. The company has sold 7,931 units. This is the highest sales of the company in the last eight years. In the fourth quarter, Audi’s sales increased by almost 94 percent to 2,401 units. Last year, Audi launched three new cars –…
The third edition of the country’s Moon mission can be launched in July. Indian Space Research Organization (ISRO) has given this information. Its three objectives are safe landing on the lunar surface, demonstration of rotation of the spacecraft on the Moon and conducting scientific experiments. This mission will be launched using LVM3 rocket from SDSC…
Prime Minister Narendra Modi has praised the growth of the country’s automobile industry. He said that the contribution of mobility sector will be important to achieve the goal of ‘Developed India’. Modi said, “About 12 crore vehicles were sold in the country till 10 years ago. In the subsequent period, more than 21 crore vehicles…
The number of fintech companies has increased rapidly in the last few years. Recently, the Reserve Bank of India (RBI) had banned the functioning of Paytm Payments Bank. This has shocked the investors associated with this sector. However, RBI says that it does not plan to make strict rules for this sector. Bloomberg’s report quoted…
The country’s largest software company Tata Consultancy Services (TCS) has said that it has no plans to reduce hiring. However, the company has said that it will hire as per the demand. Recently Nasscom, an organization of software companies, had said that in the last financial year this industry has added only 60,000 jobs. K…
The Central Government has given approval for three semiconductor units. The demand for semiconductors has increased rapidly in the last few years. Due to less number of companies manufacturing it, it is becoming difficult to meet the demand. Construction of three semiconductor units in the country will start soon. Communications, Electronics and Information Technology Minister…
Microblogging site Twitter is facing tough competition from India’s Koo app. Koo has become the second largest microblogging platform in terms of user downloads. It is the only Indian platform to compete with platforms like Gettr, Truth Social, Mastodon and Parler. Aprameya Radhakrishna, co-founder and CEO of Koo, said that in view of the changes…
