German luxury carmaker Mercedes Benz is looking at launching over a dozen vehicles, including three battery electric ones, to expand business in the Indian market in the ongoing calendar year. Mercedes Benz India – which grew volumes by 10% to a record 17,408 units last year – expects sales to increase in double-digits in 2024. … Read more
MG Motor India reported a robust 18 per cent growth in total retail sales for the year 2023, reaching 56,902 units compared to the previous year. The automobile company announced that December 2023 alone saw retail sales of 4,400 units, marking a notable 13 per cent increase from the same month in the previous year. … Read more
As Nifty is ending the record-breaking year 2023 with a handsome upside of 20%, billionaire banker Uday Kotak on Friday warned Dalal Street’s Covid batch of investors of the unpredictability of the stock market, giving the example of Japan. “Many investors have joined post Covid. They have mainly seen upside. While the situation is not … Read more
The last week of 2023 is anticipated to be sluggish as many foreign institutional investors (FIIs) are in holiday mode to celebrate Christmas and New Year, says Kunal Shah, senior technical & derivative analyst at LKP Securities. “Despite this, the Indian market is likely to exhibit strength, and a sustained Nifty level above 21,300 could … Read more
