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TVS Motor's sales rise 15% to 333,787 units in August, exports slip

Two and three wheeler maker TVS Motor has reported a 15 per cent rise in its sales by selling 3,33,787 units in August, the company said on Thursday. The city-based company had registered sales of 2,90,694 units in the same month of last year, a company statement said here. The total two-wheeler sales made by the company also witnessed a growth of 15 per cent in August with the sales increasing to 3,15,539 units from 2,74,313 units sold in same month of last year.

Dish TV shares surge 20% as chairman set to exit after Yes Bank tussle

Dish TV shares surged up to 20% on Thursday after the broadcast satellite service provider said Chairman Jawahar Lal Goel would not seek a reappointment, signalling a win for top shareholder Yes Bank in its push for a board overhaul. The company on Tuesday said Goel would not opt for a re-appointment on its board and independent director Bhagwan Das Narang would vacate office after his term expired.

Maruti Suzuki's total sales increase 26% to 165,173 units in August

Automaker Maruti Suzuki India Ltd on Thursday reported a 26.37 per cent increase in total sales at 1,65,173 units in August 2022. The company had sold a total of 1,30,699 units in the same month last year, Maruti Suzuki India Ltd (MSIL) said in a statement. Total domestic passenger vehicle sales were at 1,34,166 units as compared to 1,03,187 units in the year-ago month, a growth of 30 per cent, it added.

Profits elusive for Amazon India despite $6.5 bn investment: Bernstein

Amazon is falling behind its rival Flipkart in India as it faces an unfavourable regulatory environment and challenges in spreading to smaller cities, said a report by Bernstein, the US-based research group. India is a prized market for global internet companies but challenging to unlock. "Who can forget Jeff Bezos' 2014 visit standing on top of a colourful lorry announcing a $2 billion investment? But nearly a decade later, Amazon India's report card is decidedly mixed," the report said, referring to the global e-commerce giant’s American founder.

Toyota Kirloskar says sales up 17.12% in Aug, cites 'unprecedented orders'

Toyota Kirloskar Motor said on Thursday its sales increased 17.12 per cent to 14,959 units in August this year, compared to the corresponding month a year-ago. The company's retail sales stood at 12,772 in August 2021. Auto companies count the units dispatched to dealers as sales.

Crypto.com accidentally refunds over $7 mn instead of $68 to customer

Due to an unfortunate typo, cryptocurrency exchange Crypto.com mistakenly issued a customer A$10.5 million ($7.2 million) rather than the expected A$100 ($68), media reports say. Seven months later, when the exchange finally discovered the error, but till then some of the money had already gone, The Verge reported citing the Australian news outlet 7News as saying. The initial transfer occurred in May 2021. However, the exchange only realised the mistake when conducting an audit in December that year, the report said.

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