Life

First time in the history of luxury cars, Indian market will expect deceleration this year

MUMBAI|NEW DELHI: Hit from all corners, the Indian luxury car market is expected to post its first ever decline in 2016 since Mercedes Benz officially started selling in India in 1994. Mercedes Benz India managing director Roland Folger said 2016 has been the toughest year for the luxury car industry in a while. He thinks it would be unrealistic to hope that last year’s numbers can be…
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Flipkart Leads way with 5% rise in smartphone sales .

NEW DELHI: Online retailer Flipkart strengthened its no. 1 position in the smartphone market on back of high-selling models from Xiaomi and Motorola, taking away share from rivals Amazon and Snapdeal. Flipkart had a 45% share of smartphones sold online in India in the…
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JM Financial arm completes stake buy in India Home Loan ;

NEW DELHI: Nimesh Kampani-led JM FinancialBSE 7.05 %’s subsidiary has completed acquisition of 24.5 per cent stake in India Home Loan (IHL) on a preferential allotment basis. “JM Financial Products Ltd, a subsidiary of the company, on December 2, 2016, acquired…
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Demonetisation: 27 senior PSU banks officials suspended

In a major crackdown on bank employees involved in irregularities post demonetisation, as many as 27 senior officials of various public sector banks have been suspended and six others transfered to check corrupt practices. The suspensions comes amid reports of Income Tax…