Tata Motors expects 20 per of its total passenger vehicle sales in the domestic market to come from electric vehicles in the next three years, a senior company official said on Thursday. The company, which has electric models such as Nexon EV and Tigor EV, expects to touch 50,000 units mark in total EV sales [...]
Energy giant Shell plans to set up more than 10,000 electric vehicle (EV) charging points in India by 2030. Shell launched its first EV chargers in India, for the four-wheeler and two-wheeler segments in Bengaluru on Thursday. India is the first market for Shell to launch chargers for two-wheelers. "The company plans to set up [...]
Fitch Ratings on Thursday slashed India's GDP growth projection for FY23 to 7 per cent, saying the economy is expected to slow against the backdrop of global economy, elevated inflation and high interest rate. In June, it had forecast 7.8 per cent growth for India. “We expect the economy to slow given the global economic [...]
Shares of Tamilnad Mercantile Bank on Thursday made a muted market debut and fell by nearly 3 per cent at the NSE against its issue price of Rs 510. At the NSE, the stock made its debut at Rs 495, lower by 2.94 per cent from the issue price. The company's shares listed at par [...]
Future Enterprises on Wednesday said its consolidated net loss widened to Rs 2,295.90 crore in the fourth quarter ended March 2022 due to factors including failure of the deal with Reliance, attrition of employees and litigations. The company had posted a consolidated net loss of Rs 281.76 crore in the January-March quarter a year ago, [...]
Development and testing of electric vehicles need to follow strict protocols and companies must not rush to the market in order to avoid incidents of vehicles catching fire, according to automotive industry leaders. With EVs (Electric Vehicles) still evolving, the manufacturers are in the process of learning and even the testing agencies are yet to [...]
The initial public offer of Harsha Engineers IPO got fully subscribed on the first day of subscription on Wednesday. The public offer received bids for 3,24,61,830 shares as against 1,68,63,795 shares on offer, translating into 1.92 times subscription, according to data available with the NSE till 1734 hrs. Retail individual investors' category received 2.28 times [...]
Edtech major Think & Learn, which operates under Byju's brand name, on Wednesday said its gross revenue jumped over four-fold to Rs 10,000 crore in FY22, while its losses in FY21 widened to Rs 4,588 crore. The company had registered a revenue of Rs 2,428 crore in FY21. Byju's losses widened to Rs 4,588 crore [...]
Breakfast cereal producer Kellogg India's revenue from operation was up 14.12 per cent in 2021-22 to Rs 1,332 crore as compared to the previous year. Its profit after tax in FY22 jumped 42.94 per cent to Rs 102.51 crore as against Rs 71.71 crore a year ago, as per the data provided by business intelligence platform [...]
Helped by an increase in demand for cooling products due to intense summer this year, Tata group firm Voltas has sold around 1.4 million units of residential air conditioners till August this year. Voltas crossed this one-million-plus sales mark for the seventh consecutive year in a row, the company said a statement. The company sold [...]
