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Tata Motors reports 50% jump in PV sales to 35,299 units in Dec

Tata Motors reports 50% jump in PV sales to 35,299 units in Dec

Homegrown auto major Tata Motors on Saturday reported a 50 per cent jump in total passenger vehicle sales to 35,299 units in December 2021.

The company had sold a total of 23,545 units in the same month a year ago, Tata Motors said in a regulatory filing.

Vinod Kannan takes over as Vistara CEO, replaces Leslie Thng

Vinod Kannan takes over as Vistara CEO, replaces Leslie Thng

Vinod Kannan took over as the Chief Executive Officer (CEO) of Vistara airline on Saturday, a statement said.

Kannan replaced Leslie Thng who was the CEO from July 16, 2017 to December 31, 2021.

In its statement, Vistara said Deepak Rajawat has been elevated to take up the role of Vistara's Chief Commercial Officer from Saturday onwards.

MG Motor India posts 43% increase in retail sales in 2021 at 40,273 units

MG Motor India posts 43% increase in retail sales in 2021 at 40,273 units

MG Motor India on Saturday reported 43 per cent increase in retail sales in 2021 at 40,273 units.

The company had sold 28,162 units in 2020.

The company's sales last year was mainly driven by its Hector SUV which clocked 31,509 units, followed by Gloster SUV at 3,823 units, ZS EV 2,798 units and Astor SUV 2,143 units, MG Motor said in a statement.

Crypto exchange WazirX fined Rs 49.20 crore for Rs 40,5 cr tax evasion

Crypto exchange WazirX fined Rs 49.20 crore for Rs 40,5 cr tax evasion

The GST officials on Friday said the Mumbai Commissionerate while investigating the business activities of a cryptocurrency exchange, WazirX, detected GST evasion of Rs 40.5 crore.

"The GST of Rs 40.5 crore was not paid. Along with interest and penalty, on December 30, a total of Rs 49.2 crore has been recovered from WazirX," a GST official said.

Sebi restructures its advisory committee on market data

Sebi restructures its advisory committee on market data

Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy.

Rejigging its market data advisory committee, Sebi has said the panel will now be chaired by S Sahoo, Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India (IBBI), as per the latest information with the regulator.

12 killed in stampede at Vaishno Devi shrine in J&K, 20 others injured

12 killed in stampede at Vaishno Devi shrine in J&K, 20 others injured

At least 12 people were killed and 20 others injured in a stampede at the famous Mata Vaishno Devi shrine in Jammu and Kashmir triggered by a heavy rush of devotees, officials said on Saturday.

The stampede occurred near gate number three outside the sanctum sanctorum of the shrine atop Trikuta hills.

India's Omicron tally crosses 1,000-mark, Maharashtra tops with 450 cases

India's Omicron tally crosses 1,000-mark, Maharashtra tops with 450 cases

With 309 new cases of highly transmissible Covid variant Omicron detected in the last 24 hours, India's Omicron tally on Friday rose to 1,270 cases. Of total, 374 have been discharged.

Among the 23 states and UTs that have reported the Omicron infection so far, Maharashtra tops the list with 450 cases of this variant. Of them, 125 patients have been discharged as per the health ministry data.

Gold set for worst year since 2015 on fading safe-haven demand

Gold set for worst year since 2015 on fading safe-haven demand

Gold was set for its worst year since 2015 on Friday as a global economic recovery caused safe-haven flows into the metal to ease and as central banks prepared to raise interest rates to contain inflation.

Spot gold rose 0.1% in thin trading to $1,817.57 per ounce by 0846 GMT, hovering close to a one-month high. U.S. gold futures rose 0.3% to $1,818.90.

This stock has zoomed 65% in 3 trading days on reporting H1FY22 turnaround

This stock has zoomed 65% in 3 trading days on reporting H1FY22 turnaround

Responsive Industries has witnessed a phenomenal rally in the last three trading sessions after the company announced its quarterly and half-yearly numbers for the period ended September 2021 on December 28, 2021.

The stock has zoomed a whopping 65.1 per cent from levels of Rs 106.85 (closing price on December 28) to an intraday high of Rs 176.50 today.

Sri Lanka, Indian Oil Corp unit to sign oil tank restoration deal

Sri Lanka, Indian Oil Corp unit to sign oil tank restoration deal

Sri Lanka will sign a deal with Lanka Indian Oil Corporation (LIOC) to restore 75 oil tanks as the country moves to secure a $500 million fuel credit line from India, its energy minister said on Friday.

The island nation is facing dwindling foreign exchange reserves and has nearly $4.5 billion worth of debt repayments in 2022, prompting it to look at innovative ways to bring in foreign exchange.

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