BUSINESS
SWITCH Mobility unveils new EVs at Auto Expo 2023
"As SWITCH continues to grow, we will continue to excite the electric commercial vehicle (CV) market with innovative and intelligent offerings, expanding into new regions in line with the company's global strategy," Dheeraj Hinduja, Executive Chairman -- SWITCH Mobility, said in a statement.
Auto Expo 2023: Hyundai launches Ioniq 5 EV
The introductory price of Ioniq 5 is Rs 44.95 lakhs (ex-showroom) and will be available in 3 colour options -- White, Black and an exclusive Matte Silver. Unsoo Kim, Hyundai Motor India MD and CEO, while launching the model said that the EV represents the company's shift towards future mobility with tenets that encapsulate intelligent technology, innovation and sustainability.
Modi govt's final full budget to focus on welfare spending, reduction of subsidies, 'Make in India'
The Indian Union budget will be presented on February 1 as the final full-year budget under the current administration before the national elections in mid-2024. This comes at a time when the government is trying to weigh expenditure priorities around
Global oil inventories expected to grow, prices to drop in next 2 yrs: EIA
The report forecast that global production of liquid fuels will reach an average of 102.8 million barrels per day (b/d) in 2024, up from 100 million b/d in 2022, driven by large growth in non-OPEC production, reports Xinhua news agency. However, uncertainty over Russia's oil supply will persist, particularly in early 2023, the report noted, expecting global consumption of liquid fuels will rise from an average of 99.4 million b/d in 2022 to 102.2 million b/d in 2024.
Bharti Airtel falls more than 4% after JP Morgan downgrade
JP Morgan said it recently downgraded Bharti from OW to UW with a new price target of Rs 710. "Our downgrade thesis is driven by three main factors: We don't expect any tariff hikes to come through in CY23 given the focus of both Jio and Bharti on rolling out 5G services.
Indian startup funding dropped by 33%, may become normal after 2-3 quarters
Early-stage deals accounted for 60-62 per cent of the total funding in CY21 and CY22 (in volume terms). Average ticket size per deal was $4 million per deal, according to the PwC India report. "With significant dry powder waiting to be invested, it seems likely that the funding scenario will begin to normalise
HLL pays Rs 122.47 cr as dividend to Health ministry for FY 2021-22
Expressing happiness at the record turnover of Rs 35,668 crore and a profit before tax of Rs 551.81 crore of HLL during the financial year 2021-22 and appreciating their support during the pandemic, Mandaviya said. HLL has played an important role in the procurement and distribution of emergency medical supplie
Credible economic institutions have unprecedented confidence in India: PM
Virtually addressing the Madhya Pradesh Global Investors' Summit 2023 being held in Indore, Modi gave examples of trust shown by global organisations in the Indian economy. He said the International Monetary Fund (IMF) sees India as a bright spot in the global economy
With PPT slides and without report, 4 PSU general insurers are restructured: Unions
The four public sector government insurers -- The Oriental Insurance Company Limited, National Insurance Company Limited, The New India Assurance Company Limited and United India Insurance Company Limited -- have hired consultancy firm EY to suggest rejig measures.
Auto Expo 2023 begins, Maruti Suzuki launches concept electric SUV eVX
On the first day of the event, the Maruti Suzuki, the largest seller of cars in India, launched its first electric SUV (sport utility vehicle), concept electric SUV eVX , which will run 550 km once fully charged. On the first day of the event, the Maruti Suzuki, the largest seller of cars in India, launched its first electric SUV
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