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As On 24-Nov-2020 11:24
44,319.37
242.22 (0.55%)
NIFTY
13,014.95
88.50 (0.68%)
SENSEX
    No Companies Visited

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  • Critical that steps be taken to get automotive industry back on track

    Deepak Jain, President, Automotive Component Manufacturers Association (ACMA)

    The automotive industry in India is undergoing a significant transformation due to new regulations and policy changes. On top of it the economic slowdown has deterred domestic consumption; we hope that the forthcoming budget will help uplift both the consumer and industry sentiments. The auto component industry contributes significantly towards employment generation and exports. To meet the Government of India's Vision of a USD 5 trillion economy by 2025, of which the manufacturing industry would be USD 1 trillion, it is critical that steps be taken to get the automotive industry back on track. The automotive industry account for almost half of India's manufacturing economy, while the component industry accounts for a quarter. We are hopeful that the Government would consider our long-standing recommendation of 18 per cent GST on all auto components as also extend impetus to R&D and indigenous technology development.

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Flash News 24-Nov-2020
  •  ( 10:05) AU Small Finance Bank sells 4.46% stake held in Aavas Financiers  
  •  ( 09:29) Exide Inds. increases its stake in subsidiary to 80.15% for Rs 33.17 cr  
  •  ( 09:29) Strong market breadth  
  •  ( 09:25) Sensex, Nifty strike record high  
  •  ( 09:23) Nifty hits 13,000 mark  
  •  ( 09:18) Market opens on firm note  
  •  ( 08:26) Asia-Pacific stocks trading higher amid vaccine hopes  
Show News
24 November 2020 11:20
2210.65
(0.97 %)
611.35
(2.64 %)
3094.55
(0.57 %)
4783.00
(-0.55 %)
8737.50
(-0.41 %)
473.80
(-0.68 %)
2238.35
(-0.55 %)
843.05
(0.46 %)
1429.30
(2.47 %)
2144.20
(0.67 %)
475.30
(1.49 %)
843.55
(-0.62 %)
1137.00
(-0.29 %)
195.05
(2.23 %)
1923.75
(1.38 %)
1134.60
(0.79 %)
723.50
(2.59 %)
7167.30
(2.59 %)
17814.50
(0.13 %)
94.25
(0.64 %)
75.95
(-0.72 %)
193.95
(-0.49 %)
1940.40
(-0.53 %)
241.55
(1.19 %)
510.15
(-0.52 %)
544.45
(0.32 %)
2713.90
(-0.37 %)
881.10
(1.77 %)
1343.25
(-0.22 %)
4882.30
(-0.11 %)
Sensex 5min and Nifty 15min delayed as on .
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