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During the quarter ending June, the passenger vehicle segment grew 3.8% while exports jumped almost 59%, mainly due to higher exports of small cars. But some of the companies could not sell even a single unit of their high-end models during the three months of this FY. Take the case of Hyundai Motor. In the first quarter of last FY, it sold 17 units of its performance luxury sedan ‘Elantra’....

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  • Affordable houses available in metros, says Knight Frank
    For those planning to buy affordable homes in the metro cities, here is good news. You do not have to go on the outskirts of the city to buy a cheap, affordable home, says global property consultant Knight Frank.

    “As long as the house that you are buying costs under 3.5 times of your annual earning, it can be termed as affordable,” said Pranay Vakil, chairman, Knight...

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  • 'Compromised' template reason behind fake notes, says CBI
    The secret template India uses to print currency notes has been "compromised" and that is possibly why fake but real-looking Indian currency notes are being pumped in, said the Central Bureau of Investigation (CBI), to subvert the country's economy, reports PTI.

    The CBI, the nodal agency for checking fake notes, has now formed a special team comprising its sleuths and officials from...

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