Bajaj Auto Sales Rise 23% In March — The two-wheeler makers’ sales rose 22.8 percent to 3.34 lakh units versus 2.72 lakh units during the same period …
Gold Silver Reports (GSR) – The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.1 percent to 10,232 as of 7:10 a.m.
Asian shares edged higher, the dollar steadied and Treasuries slipped as the second quarter began for some of the region’s traders. Volumes are expected to be subdued with many markets across the world still closed for the Easter holiday.
Gold Silver Reports (GSR) – State-Owned Banks Worst Hit By Fraud Despite Spending More On Audits — That’s according to a new report by proxy advisory firm Institutional Investors Advisory Services. The high audit fees in public sector banks are a function of large number of branches, multiple auditors, higher number of physical audits and Reserve Bank of India prescribed rates, IiAS said in its report. “Despite paying high audit fees, the quantum of fraud in public sector banks tend to be much higher.”
Gold Silver Reports (GSR) – Royal Enfield Sales Jump 27% — Royal Enfield, the two-wheeler division of Eicher Motors Ltd., reported a 27 percent jump in total sales to 76,087 units in March. The two-wheeler manufacturer had sold 60,113 units in March 2017.
Gold Silver Reports (GSR) – CV Sales Boost For Tata Motors — Tata Motors Ltd.’s local sales jumped 35 percent in March aided by the commercial vehicles and passenger vehicles segments.
Gold Silver Reports (GSR) — Maruti Posts Double-Digit Sales Growth – Maruti Suzuki India Ltd.’s sales rose nearly 15 percent in March led by sales in the mini segment.
Gold Silver Reports (GSR) – Auto Sales: Expectations For March — Indian automobile makers are expected to end the financial year 2018 with a bang. That’s according to a BloombergQuint poll of two brokerage houses, which suggest double-digit sales growth in March for all segments, be it commercial vehicles or two-wheelers.