Mercedes-Benz India H1 retail sales jumps 65%
The Hindu
Expecting ‘bigger’ H2, says official
German luxury carmaker Mercedes-Benz on Thursday reported a 65% growth in its retail sales in India to 4,857 units in the first half (H1) of 2021 driven by new products and strong demand for top-end cars. The company had sold 2,948 units in the first half of 2020. In the first halves of both last and this year, sales were disrupted due restrictions imposed to curb the first and second waves of the coronavirus pandemic. “Our H1 2021 sales growth is in line with the market sentiments and strongly underlines a continuing high customer demand for models,” Mercedes-Benz India managing director and CEO Martin Schwenk said in a statement. “We have built a solid order bank on the back of new launches and it is highly satisfying to witness an all-round rise in demand for our products.”
Markets tumble as Sensex and Nifty decline, with investors wary of foreign fund outflows and muted earnings.
Johnson & Johnson introduces TECNIS PureSee IOL for presbyopia in India, offering high-quality vision and reduced visual symptoms.
PMI Electro Mobility raises ₹250 crore for electric buses, accelerating growth plans with consortium investment.
India's wholesale price inflation slightly eased to 2.31% in January, driven by food and manufactured costs, with fuel prices in deflation.
AI could one day allow people to continue conversations with their loved ones after their death, said Sebastian Thrun, founder of Google X.
India considering liberalized air service agreement with Singapore, potentially allowing more flights and airport access.
February 13 saw a huge turnout, and the police expect this number to go up on February 14.
Sensex and Nifty rise on optimistic trade pact news, US market rally; key gainers include ICICI Bank, Infosys.
Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan.
Union Finance Minister Nirmala Sitharaman assures control over food prices in 2025, monitoring inflation to protect citizens.
BSE Sensex and NSE Nifty close lower amid global cues, retail inflation dip, and foreign fund outflows.
RBI Governor emphasizes NBFCs' role in inclusive development, customer protection, and financial stability, urging participation in ULI.
JPMorgan Chase begins job cuts as part of planned reductions, with fewer than 1,000 employees affected in February.