New Delhi: Automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Toyota Kirloskar Motor on Thursday reported robust wholesales of passenger vehicles in the domestic market in May riding on strong demand for SUVs. Other manufacturers such as Tata Motors, Kia and MG Motor India also reported increase in their dispatches to dealers during…
Lahore: At least six persons of the same family were killed on Thursday in an explosion inside their house in Pakistan’s Punjab province, police said. The incident took place in the province’s Kot Addu district. Muzaffargarh District Police Officer (DPO) Syed Hasnain Haider, said that all of the deceased individuals belonged to the same family, which…
Karachi: At least two Pakistani soldiers were killed in an exchange of fire when militants attacked a security post near the country’s border with Iran on Thursday, the military said. A group of terrorists targeted the security forces’ Singwan post in Balochistan’s Kech district, but they were pushed back as soldiers responded, the military’s media…
Hyderabad: The city-based Apsuja Infratech, a leading construction company has joined forces with Simpliforge Creations, an innovative 3D printed Construction Company, to achieve a remarkable feat in architectural innovation – the creation of the world’s first 3D printed place of worship. The 3D printed temple resonates the pride of Telangana as it sets out to…
New Delhi: Manufacturing activities in India advanced further and touched a 31-month high in May supported by stronger increase in new orders and favourable market conditions, which in turn generated more employment opportunities, a monthly survey said on Thursday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index® (PMI®) rose from 57.2 in April to…
New Delhi: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in…
New Delhi: The government on Wednesday appointed Ashwani Kumar as managing director of UCO Bank in place of Soma Sankara Prasad whose terms comes to an end. Kumar is currently an executive director of Indian Bank and prior to this, he served as Chief General Manager of Punjab National Bank. The central government appoints Ashwani Kumar…
New Delhi: India’s economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on Wednesday. Growth in the January-March period was higher than the 4.5 per cent expansion in the previous October-December quarter of 2022-23. The Gross Domestic Product (GDP) had expanded…
New Delhi,: The Centre’s fiscal deficit narrowed to 6.4 per cent of the GDP in 2022-23 from 6.71 per cent in FY22, as anticipated by Finance Minister Nirmala Sitharaman in her Budget in February this year. In the Union Budget, the government aimed to further bring down the fiscal deficit — a key indicator of…
New Delhi: India, under Prime Minister Narendra Modi, has transformed, gaining a position in the world order and becoming a key driver for Asia and global growth, said Morgan Stanley. In a report, Morgan Stanley said significant scepticism about India, particularly with overseas investors, ignores the significant changes that have taken place in India, especially since…
