The Indian markets have made tremendous gains since the beginning of the year, with both the Nifty 50 and BSE Sensex hitting record highs on Monday. Bloomberg | Bloomberg | Getty Images India is JPMorgan’s top pick in Asia, and one of its favorite markets globally, the investment bank’s Asian Equity Strategist Mixo Das told … Read more
Indian equity benchmarks the Nifty 50 and BSE Sensex have rallied by more than 6% since the state elections. Sopa Images | Lightrocket | Getty Images The Indian stock markets rallied to new highs in 2023 on the back of bullish investors and stronger domestic participation. But analysts warn that the level of optimism seen … Read more
Hyundai Motor is set to invest a substantial amount of Rs 7,000 crore to revamp its recently acquired second plant in India. The automotive giant successfully acquired the dormant factory from General Motors Co., marking a significant development in the Indian automotive landscape. The investment agreement is poised to be officially signed at the annual … Read more
The commerce ministry has called a meeting of all stakeholders, including government officials and trade sector experts, on January 20 to discuss issues which are likely to figure in the WTO meeting, an official said. The 13th Ministerial Conference (MC) of World Trade Organization (WTO) is scheduled from February 26-29 in Abu Dhabi, the UAE. … Read more
Automobile shipments from India declined 21% last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger vehicle shipments rose 5% to 6,77,956 units last year from 6,44,842 units in 2022. However, … Read more
When Binance Holdings Ltd. acrimoniously split with its Indian affiliate WazirX in 2022, the world’s largest cryptocurrency exchange looked near-invincible in the local market while WazirX was flailing. A government crackdown on offshore platforms has abruptly reversed the competitive dynamics. Since Indian authorities in late December began restricting access to Binance and other foreign crypto … Read more
British luxury carmaker McLaren Automotive on Friday said it is expecting the super sports car segment in India to register 30 per cent growth this year. McLaren is also looking to deliver about 20-odd cars to customers in India after witnessing a blip last year owing to supply chain issues. Earlier the company, which entered … Read more
Kia Motors has revealed the prices for the highly anticipated facelifted Sonet compact SUV in India. The model is available at an introductory price starting from Rs 7.99 lakh for the base variant and going up to Rs 15.69 lakh for the top-of-the-line X-Line trim. The updated Sonet offers a total of 19 variants to … Read more
Luxury automaker Jaguar Land Rover on Thursday reported record sales at 3,582 units for nine months ended December 31, 2023. The company said its sales rose 93 per cent year-on-year as compared to the April-December period of the last fiscal. Range Rover and Defender continue to lead with a year-on-year (YoY) rise of 250 per … Read more
Biogas is the most viable fuel for small cars in India given the abundant availability of the bio waste in the country, RC Bhargava, chairman, Maruti Suzuki India, said. According to him, battery-powered vehicles at present have many limitations for users of small cars, including price and charging facilities, and are more suitable for those … Read more
