Bajaj Auto has become the top player in India’s electric vehicle market by monthly volumes, across all categories, with over 25,000 sales and registrations in September. This comes on the back of a big push in expanding distribution by the company and steady demand of electric three-wheelers. In September, the company – according to … Read more
Stellantis, an automotive colossus that owns more than a dozen brands including Chrysler, Fiat, Jeep, Peugeot, and Ram, is facing challenges at seemingly every turn. The company’s sales and profit have been plummeting. Dealers stuck with parking lots filled with unsold cars are publicly criticising Stellantis and its chief executive in unusually harsh terms. Stellantis’s … Read more
The economy of US is going strong, but has a major chance of facing a hiccup due to impending recession fears and also because of the incoming US Presidential elections 2024, which is scheduled for November. The stock markets are also being a massive headache for economists, as some of the ‘Trump trades’, which are … Read more
Authum Investment & Infrastructure (AIIL) and Mahi Madhusudan Kela are together acquiring 46.85% stake of Prataap Snacks (PSL) from Sequoia. 42.31% is being acquired by AIIL and 4.54% by Mahi Madhusudan Kela @ Rs 746/ share Mahi will also get classified as part of the promoter group. Sequoia is selling out completely. In line with … Read more
The global credit ratings agency S&P Global on Tuesday retained India’s growth forecast at 6.8 per cent for the current financial year and expressed optimism that the Reserve Bank of India (RBI) would start cutting interest rates in its October monetary policy review. “In India, GDP growth moderated in the June quarter as high interest … Read more
Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. Â The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation, sources previously told Reuters. This would make it the first carmaker to go … Read more
Recently, Supreme Court had dismissed pleas by Indian telecom operators to re-compute Adjusted Gross Revenue (AGR) dues. The companies had sought corrections in the AGR calculations, a penalty reduction, and interest rate adjustments. This resulted in significant implications specifically for Vodafone Idea (VIL), whose burden has now increased to Rs 70,320 cr as of FY24. … Read more