Hero Motors aims to treble exports, int’l revenue to Rs 3,000 cr by FY24

HMC (Hero Motors Company) Group is aiming to treble its exports and international revenue to Rs 3,000 crore by FY24, driven by high growth in the European and American markets. The group is set to cross Rs 1,000 crore in exports and international revenue this financial year, backed by strong global demand for bicycles, e-bikes … Read more

Ola picks banks for $1 billion IPO, may file papers in Oct: Report

Ride-hailing startup Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about $1 billion, according to people familiar with the matter. The company, backed by SoftBank Group Corp. and Tiger Global Management, has also picked Morgan Stanley for the listing, said the … Read more

Demand revival puts auto sales in top gear, Maruti posts 50% growth

Auto sales, a key indicator of the macro economy, showed significant growth in July, with passenger vehicle volumes improving on the back of a healthy order book and an uptick in enquiries and bookings in urban and rural areas. The wage revisions for government employees have also likely aided demand.   India’s largest carmaker, Maruti … Read more

Amara Raja Batteries to diversify into emerging energy opportunities

Amara Raja Batteries Ltd (ARBL) on Monday announced energy and mobility as its strategic focus going forward to capitalise on emerging opportunities.   It announced expansion of lead acid batteries business and establishment of a new energy strategic business unit encompassing lithium cell and battery pack, EV chargers, energy storage systems, advanced home energy solutions … Read more

TVS Group’s family members enter into ‘brand agreement’

Family members of the $8.5-billion TVS Group have executed a brand agreement with respect to the use, adoption, and registration of the firm’s word marks, which include trademarks and related composite marks. These marks include TVS, Sundaram, and several others. They may also contain an additional element other than the word mark, in the form … Read more

starbucks: Tata Starbucks offers two-wheeler financing support to employees

Tata Starbucks has launched an employee benefits programme that will give its staff in India a special financing support to purchase a two-wheeler vehicle for professional or personal use. The two-wheeler support programme is created based on a survey of employees that showed reliable transportation as one of the top areas of concern. In a … Read more