Business - The Purbottar

17 Jun

Mercedes-Benz GLS 2020 launched in India

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New Delhi: Luxury car manufacturer Mercedes-Benz launched the GLS 2020 in India on Wednesday. The new Mercedes-Benz GLS 400 d 4MATIC and GLS 450 4MATIC are both priced at Rs 99.90 lakh (all prices are ex-showroom, India, except Kerala), the company said in a statement. The interiors of the new GLS combine the comfort of a Mercedes-Benz luxury saloon with progressive detailing of an SUV. The new GLS has a considerably longer wheelbase over its predecessor (3135 mm, an increase of 60 mm), offering more space (87 mm), especially in the second seat row, which can furthermore be adjusted fore…

17 Jun

Samsung Galaxy A21s with hole-punch camera, 5,000mAh battery launched in India

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Samsung Galaxy A21s has finally launched in India. The latest mid-range offering from the company is just a mild upgrade over the recently launched Galaxy A21. The handset comes with a quad-camera setup at the back, a massive 5,000mAh battery, hole-punch design upfront and more. The smartphone was recently launched in the UK and it has now finally made its way to the Indian shores. Samsung Galaxy A21s is launched in two variants. The price for the 4GB+64GB model is set at Rs. 16,499 whereas the 6GB+64GB variant will be available at Rs. 18,499. The smartphone will be available in…

17 Jun

Commuters urge government to provide relief as fuel prices continue to rise

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The rates of fuel have been increased again in the national capital on Wednesday causing more troubles for the commuters. With the hike in fuel prices, the petrol prices stand at Rs 77.28/litre (increase by Rs 0.55), and the diesel prices stand at Rs 75.79/litre (increase by Rs 0.69) in Delhi, according to a price notification of state oil marketing companies. Even a one rupee increase has an effect on us. The government should not increase prices like this, they should try to stop this hike as and when they can. Another customer, Naresh, at the same pump said that…

17 Jun

Max Life Insurance scales new heights

editor0 CommentsBusiness, HealthLifeInsurance, Max

June 17: Max Life Insurance Co. Ltd. today announced that it has paid 15,342 death claims amounting to Rs. 563 crore in FY 2019-20, thus achieving an all-time high individual death claims paid ratio of 99.22% in the company’s last five-year performance. The Company has consistently improved its claims paid ratio in the last 5 years to breach the remarkable 99% mark this financial year, thereby reiterating its commitment towards cementing customer trust. Since inception, Max Life has paid individual death claims of Rs. 3,238 crore to family members of its 1,12,946 policyholders. In FY 19-20, out of a total…

16 Jun

Honda opens pre- launch bookings for BS 6 Civic diesel

editor0 CommentsBusinessAutomobile, Honda Cars

The BS 6 version of the Civic diesel is scheduled for an official launch in July and the pre-launch bookings are now open also on Honda's online sales platform 'Honda from Home', apart from its dealerships across the country. Honda Cars India on Tuesday announced that it has opened pre-launch bookings for BS 6 version of Civic diesel. At a time when several car makers are looking at steering away from diesel engines, Honda has underlined its commitment towards it and is unlikely to ditch it in the forseeable future. The BS 6 version of the Civic diesel is scheduled…

16 Jun

The Maruti Suzuki Alto Has Been India’s Best Selling Car For 16 Years

editor0 CommentsBusinessAutomobile, Maruti Suzuki

The Maruti Suzuki Alto has been a strong seller for the company ever since it's launch. It's now the best-selling car for the past 16 years in a row. Launched in September 2000, the Alto was popular amongst those who wanted a new car and one that was affordable too. The Alto's legacy spans across two decades and it's been India's bestselling car since 2004. When it was launched in 2000, the Alto was seen as a premium offering, as in many ways it was a replacement for the very popular Zen. True to Maruti Suzuki's India strategy though, the…

15 Jun

Maruti Suzuki Alto continues its leadership

editor0 CommentsBusinessAutomobile, Maruti, Suzuki

Maruti Suzuki Alto has been crowned India’s best-selling car for 16 years in a row. Alto has consistently remained the preferred choice of first time car buyers. Launched in September 2000, Alto witnessed a consistent rise in popularity over the years to become a symbol of pride for the Indian car buyers. The Alto legacy spans across two decades, with Alto becoming India's bestselling car in 2004. The Alto’s winning proposition is its unique blend of compact modern design, easy manoeuvrability, high fuel efficiency and upgraded safety and comfort features. The convenient functional aspect of the Alto, coupled with stylish…

14 Jun

Rising Fuel Prices , Amid Pandemic.

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News on fuel price hikes, with its regularity, have almost become a permanent fixture , with prices being hiked on seven consecutive days now. Amid the pandemic-induced slowdown, wage cuts and job losses, these daily hikes have come as a major blow for many, across various strata of society. The issue has taken a political turn, with Transport Minister A.K.Saseendran writing a letter to the Union Petroleum Minister marking the State’s protest against the daily increase amid the pandemic. He requested the Minister to direct the petroleum companies to reduce the prices in line with the fall in global crude…

14 Jun

Tata Motors Purchases 50% Share Of Jayem Automotives

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Tata Motors today announced that it has signed an agreement to purchase the 50 per cent shareholding of Jayem Automotives in JT Special Vehicles Pvt. Ltd. (JTSV). Further to this announcement, JTSV will become a wholly owned subsidiary of Tata Motors, following the completion of the procedural requirements. This does mean that cars under the JTP brand will no longer be sold in India. JTSV was formed in 2017 as a 50:50 joint venture between Tata Motors Ltd. and Jayem Automotives to develop high performance versions of the company's passenger cars under the 'JTP' brand. The company then launched the Tiago…

13 Jun

Mahindra & Mahindra loss at Rs 3255 crore

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Mahindra & Mahindra (M&M) on Friday reported a consolidated net loss of Rs 3,255.02 crore for the quarter ended on March 31, 2020. The company, along with Mahindra Vehicle Manufacturers Ltd, had posted a net profit of Rs 969.25 crore a year ago. “The results were affected due to the lower industry volumes in both the automotive and tractor segments, transition to BS-VI and the abrupt lockdown due to the Covid-19 situation,” M&M said. The company sold 86,351 vehicles in the fourth quarter, down 47 per cent from 1,63,937 units a year ago. For the 2019-20 fiscal, the net profit…