The upcoming 2024 general elections in India have major implications for infrastructure, capital goods and construction sector stocks in the country. The infrastructure and housing segments are key areas that will likely see policy action and initiatives to support economic growth in the run-up to elections. Infrastructure Spending Push The ruling BJP is expected to […]
In the world of finance, the relationship between U.S. Treasury bond yields and the stock market has traditionally been inverse: when bond yields rise, stocks tend to fall, and vice versa. The logic behind this inverse relationship is grounded in fundamental economic principles. Another, more recent reason is that when US treasury bond yields rise, […]
Honda Motorcycle & Scooter today launched what is perhaps among the most awaited motorcycle in the last several weeks — the 2023 model of the Honda Unicorn. Priced at around the 1.25 lakh mark, Honda Unicorn is arguably the most well-loved and respected ‘mass market’ motorcycle in the country, and has made a strong reputation […]
GTPL Hathway, the country’s single largest cable feed provider, said it has tied up with France-based Verimatrix to deploy its video content authority system — a software solution that helps GTPL stream video content to its Android TVs securely. The moves comes as GTPL Hathway ramps up its Android TV box-based service. The company started […]
A Supreme Court-monitored bail-out of nearly 41,000 customers of the erstwhile Amrapali Group, which went into insolvency four years ago, has kicked off with the sale of the first 150 flats, said Anarock, the real estate agency hired to sell the stock. Amrapali Group, at one time one of the biggest names in real estate […]
The three main state-owned oil refining and marketing companies have so far lost $2.25 bn (Rs 17,000 cr) due to the freeze on petrol and diesel price imposed by the government ahead of state elections in Uttar Pradesh, Punjab and Goa, according to a report by Moody’s. The rating agency pointed out that Indians are […]
Maruti Suzuki India, the local unit of Suzuki Corporation, has got a new CEO after ten years. Current CEO Kenichi Ayukawa will step down next week and his place will be taken by the current Joint MD Commercial, Hisashi Takeuchi. Takeuchi joined Suzuki Motor Corporation (SMC) in 1986. “With vast experience in the international operations […]
Brigade Group, a Bangalore-based real estate developer, announced its entry into plotted development or the villa space, responding to post-COVID changes in the market. The company said it plans to announce several gated community villa projects in the coming months. It will start off with a 66-acre project in Devanahalli, near the Bangalore airport, on […]
State-owned oil companies such as Indian Oil, Bharat Petroleum Corporation and Bharat Petroleum are facing an under-recovery of Rs 12-15 per liter of petrol and diesel sold in the market, and may have to raise selling prices by around Rs 30 per liter to plug the under-recovery, according to industry sources. These companies had last […]
The relentless selling of stocks by foreign institutional investors or FIIs is likely to ‘taper off’ by the end of the current month, according to an analysis of FII fund flows into India by Maximus Securities Research. “The FII selling is expected to taper off by end of March’22, After which we expect normal market […]
Alembic Pharmaceuticals said it received tentative approval from the US Food & Drug Administration to launch a generic form of blood pressure tablet Opsumit. The tablet, including generic forms such as macitentan, is one of the bigger sellers in the market with estimated annual sales of $797 mn. Most of the generic drugs sold by […]
ICICI Bank is emerging as a strong challenger for long-time leader HDFC Bank in India’s credit card market, thanks to strong take-up for its co-branded card with Amazon, according to an analysis of RBI’s January numbers. ICICI Bank accounted for 2.41 lakh of the 13 lakh new credit cards added in January 2022. With this, […]
Info Edge Ltd, the parent of Naukri.com, has bought a 76% stake in dating app maker Aisle Network Pvt Ltd for Rs 91 cr. Aisle Network operates several dating websites, such as Aisle, Anbe, Arike and HeyDil, catering to various languages and states such as Malayalam, Hindi and Tamil. The company is based in HSR […]
Reliance Retail, the retailing arm of India’s largest private company, seems to be readying alternative strategies now that the dispute over its acquisition of Future Retail – the operator of Big Bazaar super market chain – seems headed for a protracted hearing before the National Company Law Appellate Tribunal. According to a report in Times […]
Tata Motors, India’s second biggest automaker, is on track to set another monthly record in terms of passenger auto sales in February, even as market leader Maruti Suzuki will continue to see a year-on-year decline, according to Emkay Research. The third major listed automaker, Mahindra & Mahindra is also scheduled to report a strong February […]
AirAsia has launched its ‘FlyAhead’ service in India, allowing passengers to switch to an earlier flight by paying Rs 500-1,500 at the airport counter. “Guests who reach the airport six hours or more prior to their scheduled flight departure, can opt for the FlyAhead service at the AirAsia Airport Counter. Change fees, which are typically […]
ElecTorq Technologies, which makes delivery-oriented Baaz electric bikes, said it raised $2 mn from investors such as Kalaari Capital, AdvantEdge, 9Unicorns and Sumant Sinha to fund its expansion plans. The company focuses on delivery workers with its bikes and automatic battery swapping network. “We are getting bombarded with requests from gig workers to join our […]
The year 2021 saw 17% more residential real estate units achieve completions in top Indian cities than could be sold, according to the latest numbers from real estate consultant Anarock Property, leading to a substantial increase in inventory in markets such as National Capital Region and Pune. According to the agency, a total of 2.78 […]
Flipkart, one of India’s oldest e-commerce players, said it will sell the Middle East business of Cleartrip, acquired by the company last year, to local rival Wego as part of its strategy to focus on the Indian market. The financial details of the transaction were not revealed. Cleartrip, founded in 2006, is one of the […]
Bajaj Chetak, the first electric two-wheeler from Bajaj Auto, has been launched in Delhi, Mumbai and Goa, the company said. With this, the scooter — priced at around Rs 1.4 lakh — is now available in 20 cities. Chetak EV was launched in 8 cities during 2021, including Pune. The network has now been extended […]
