New Delhi: TVS Motor Co Thursday reported 12.98 per cent decline in total sales at 2,79,465 units in July.

The company, which makes two-wheelers and three-wheelers, had sold 3,21,179 units in the same month last year, TVS Motor Co said in a statement. Total two-wheeler sales during the month stood at 2,65,679 units as against 3,07,856 units in July 2018, down 13.7 per cent.

Mumbai: Mahindra & Mahindra (M&M) reported a decline of 16% year-on-year (YoY) in its total domestic wholesales to 37,434 units in July, as the economic downturn continues to hurt the auto industry.

The company’s passenger vehicle wholesales fell 15% YoY to 16,831 units during the month, while commercial vehicle sales declined 17% to 15,969 units.

Microsoft India and Apollo Hospitals have set up a National Clinical Coordination Committee (NCCC) for the AI-powered Cardiovascular Disease Risk Score API (application program interface), as part of Microsoft’s AI Network for Healthcare initiative.

The committee consists of leading doctors from Apollo Hospitals; All India Institute of Medical Sciences, New Delhi; and King George’s Medical University, Lucknow.

Wipro will begin its Rs 10,500 crore buyback process on August 14 and close on August 28. The last date for the settlement of bids on the exchange is September 9, the company said Tuesday. The IT company’s board on April 16 had approved a buyback of up to 323 million equity shares, 5.35 per cent of the paid-up equity capital of Rs 325 each for an aggregate amount not exceeding Rs 10,500 crores.

Indian stocks just suffered their worst July in 17 years, and if history is to be believed, there is little hope that August will be much better.

The S&P BSE Sensex dropped 4.9% in the month that ended Wednesday, hurt by disappointment with the country’s new budget, muted corporate earnings and the ongoing credit crunch. The benchmark index has performed better in August than July in only five years since 2002, data compiled by Bloomberg show.

Unenthusiastic market sentiments have lead to the country's leading automobile manufacturer, Maruti Suzuki, observe a substantial decline in its sales for the month of July 2019. The Indo-Japanese automaker sold a total of 1,09,264 units during last month. In comparison, during the same month last year, the sales for the carmaker stood at 1,64,369 units.

Continuing with its fund raising exercise, Paytm Mall has raised about Rs 1,101 crore ($160 million) by selling a 5.59% stake to US-based e-commerce firm eBay, according to a regulatory filing by Paytm E-commerce Private Ltd.

With this round, the Indian e-commerce giant has now raised about $805 million in three rounds.

HDFC, India's largest non-bank home financier, has reduced its lending rates by 0.10% across tenures for both existing and new borrowers with effect from August 1.

Keki Mistry, vice chairman and chief executive officer, HDFC Ltd told DNA, "Liquidity in the system has improved which is giving room to bring down the lending rates."

State-owned Indian Oil Corp (IOC) on Wednesday reported a 47% drop in its first quarter net profit due to a slump in refinery margins.

The company reported a consolidated net profit of Rs 3,737.50 crore during the quarter ending June 2019, as compared to a net profit of Rs 7,092.42 crore during the corresponding period last year, the company said in a regulatory filing.

Commercial vehicle major Ashok Leyland posted a 44% dip in consolidated profit at Rs 247 crore in the first quarter of current fiscal. The company had posted a profit of Rs 443.32 crore in the April-June quarter a year ago.

The company's consolidated revenue from operations declined 8% during the quarter under review to Rs 6,612.42 crore from Rs 7,193.79 crore in the corresponding quarter of 2018-19.

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