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Lower excise duty for automobiles, capital goods to continue past June 30

Last Updated: Wednesday, June 25, 2014, 15:39

The Government on Wednesday extended excise duty concession on automobiles, capital and consumer goods for six months till December 31, 2014.

Allocation for PSU banks smaller than estimated: Moody's

Last Updated: Friday, February 21, 2014, 21:20

The government's decision to infuse a mere Rs 11,200 crore in public sector banks in FY'15 is credit negative as the amount will not help banks meet a minimum Tier I ratio of 8 percent under Basel-III norms, international rating agency Moody's said Friday.

TVS Motor Company cuts two-wheeler prices by up to Rs 3,500

Last Updated: Friday, February 21, 2014, 19:43

TVS Motor Company on Friday announced cutting prices by up to Rs 3,500 across its product portfolio following excise duty reduction announced in the interim Budget.

Tata Motors to cut vehicle prices by up to Rs 1.5 lakh

Last Updated: Friday, February 21, 2014, 19:01

Auto major Tata Motors on Friday announced cut in prices by up to Rs 1.5 lakh across its product portfolio following excise duty reduction announced in the interim Budget.

Parliament passes Interim Budget 2014-15

Last Updated: Friday, February 21, 2014, 18:16

Parliament on Friday passed the Interim Budget for the financial year 2014-15 with Rajya Sabha returning it after brief discussion.

Yamaha cuts two-wheeler prices by up to Rs 3,066

Last Updated: Friday, February 21, 2014, 17:57

Yamaha Motor India Sales on Friday announced cutting prices of its two-wheelers by up to Rs 3,066 across models following excise duty reduction announced in the interim Budget.

Capital allocation for lenders in budget is credit negative: Moody's

Last Updated: Friday, February 21, 2014, 09:03

India's allocation of 112 billion rupees for capital injection into state-run banks is credit negative as it is much smaller than estimated requirements, Moody's Investors Service said.

General Motors reduces prices by up to Rs 49,000

Last Updated: Thursday, February 20, 2014, 19:31

The company has reduced prices across categories in the range starting from Rs 12,000 to Rs 49,000.

Maruti, Hyundai, Mahindra lower prices after excise duty cut

Last Updated: Wednesday, February 19, 2014, 19:01

Finance Minister P Chidambaram proposed the excise duty cuts on February 17 "to give relief to the automobile industry, which is registering unprecedented negative growth."

Oil subsidy falls short of Rs 42,200 cr for March quarter: Moody's

Last Updated: Wednesday, February 19, 2014, 18:44

Moody's also warned that failure to fully reimburse OMCs will be credit negative.

Hero MotoCorp to reduce prices up to Rs 4,500

Last Updated: Wednesday, February 19, 2014, 17:48

Hero MotoCorp has decided to cut prices up to five percent to pass on the benefit of excise duty cut announced by Union Finance Minister P Chidambaram in his interim Budget.

Lok Sabha passes Interim Budget 2014

Last Updated: Wednesday, February 19, 2014, 16:35

Lok Sabha on Wednesday passed the Interim Budget for the financial year 2014-15 without much discussion.