CHENNAI: French carmaker Citroen and its parent Stellantis will not apply for investments and benefits under India’s ambitious new electric vehicle policy for foreign carmakers. Their focus will be on making green vehicles locally, rather than go for subsidised imports, said Thierry Koskas, Citroen CEO and Stellantis chief sales & marketing officer.“Our strategy is to…
Adani Ports Q4 results: Adani Ports and Special Economic Zone has reported a 77% year-on-year jump in its consolidated net profit at Rs 2,014.77 crore. The profit was Rs 1,139.07 crore in the previous year. The revenue from operations for the fourth quarter of FY 2023-24 increased by 19% year-over-year to Rs 6,896.50 crore from…
Telecom equipment manufacturing and exports are becoming a new success story following the success of smartphone exports. In the financial year 2024, the telecom equipment production exceeded the milestone of Rs 45,000 crore with exports totaling approximately Rs 10,500 crore, supported by the production linked incentive (PLI) scheme of the Centre. According to government data…
Maruti Suzuki India has set an ambitious target to outperform the domestic automotive industry in the current fiscal year by selling approximately 2 million vehicles, representing an 8.1% increase. This plan was communicated to the company’s suppliers during a two-day vendor meet held in Antalya, Turkey, which commenced on Monday. Maruti’s projected growth surpasses the…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, gained in trade on Thursday. While BSE Sensex moved up over 150 points, Nifty50 was near 22,650. Source link
NEW DELHI: The elections have failed to propel diesel consumption out of the slow lane but boosted demand for petrol, jet fuel and cooking gas in April. Heat wave conditions sweeping through large tracts of the country also jacked up electricity use by double digits, govt data showed.Preliminary sales data of state-run fuel retailers, which…
Money changes in May 2024: Major banks like Yes Bank and ICICI Bank have changed some of their savings bank account fees and credit card rules, starting from May 1, 2024. Additionally, HDFC Bank’s special fixed deposit for senior citizens has a deadline of May 10, 2024. As per an ET report, here are the…
NEW DELHI: The founding family of 127-year-old Godrej Group, which spans from soaps and home appliances to real estate, has reached an agreement to split the conglomerate, with Adi Godrej and his brother Nadir keeping Godrej Industries that has five listed firms, while cousins Jamshyd and Smita getting unlisted Godrej & Boyce and its affiliates…
NEW DELHI: India saved an estimated $7.9 billion in oil import bill in the 11 months of 2023-24 financial year ended March 31, compared to $5.1 billion over the whole of 2022-23, by purchasing higher volumes of Russian crude at deep discounts, ICRA Research said on Tuesday.The increased savings leads to a “compression” of 15-22…
Has your lender been overcharging you interest for loans? The Reserve Bank of India has come across instances of lenders resorting to certain unfair practices in charging of interest. The same has been flagged by the central bank in a new notification dated April 29, 2024.RBI’s latest notification comes as a relief for loan borrowers,…
