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Multiple EV models planned, will target No 1 position: New Maruti Suzuki MD & CEO

Multiple EV models planned, will target No 1 position: New Maruti Suzuki MD & CEO

The country's largest carmaker Maruti Suzuki will launch multiple electric vehicles models in India in its bid to catch up with competitors and become a leader in the segment, despite not being present there at present, according to the company's new Managing Director and CEO Hisashi Takeuchi. The company, which plans to launch its first [...]

India’s chip manufacturing push timely amid global supply disruptions: HCL co-founder

New Delhi, Apr 17 (PTI) India's manufacturing push, backed by favourable policies, is timely and positions the country strongly to grab a massive opportunity in the electronics hardware space amid COVID-induced supply chain disruptions and global trust deficit around China, according to HCL co-founder Ajai Chowdhry. Chowdhry -- who is part of the IT ministry-constituted [...]
Mutual funds add over 3 Cr folios in FY22 on sharp rally in Equity market, Digitisation

Mutual funds add over 3 Cr folios in FY22 on sharp rally in Equity market, Digitisation

Increasing awareness about mutual funds, ease of transactions through digitisation and sharp surge in equity markets have aided asset management companies to add a staggering 3.17 crore investor accounts in 2021-22, with experts saying the trend is likely to continue this fiscal as well. This was a significant rise from 2020-21 when 81 lakh accounts [...]
Govt amends FEMA rules to allow 20% FDI in LIC

Govt amends FEMA rules to allow 20% FDI in LIC

The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC. The government is planning to dilute its stake in LIC through the the Initial Public Offering (IPO). LIC in February had filed the Draft Red Herring [...]
Campus shoes IPO expected to hit in May, company to expand distribution footprint

Campus shoes IPO expected to hit in May, company to expand distribution footprint

Sports and athleisure footwear company Campus Activewear plans to expand its distribution network and deepen its footprints in western and southern regions, a top official of the company said. According to market sources, the company is planning to get listed on stock exchanges in May 2022. Besides, the homegrown footwear maker, which is backed by [...]

Rising input costs, supply chain woes headwinds for Indian auto sector in 2022: MG Motor India president

New Delhi, Apr 17 (PTI) Increase in raw material costs and semiconductor prices, coupled with supply chain disruptions due to the war in Ukraine, could become headwinds for the Indian automobile industry going forward this year thereby affecting growth, according to MG Motor India President and Managing Director Rajeev Chaba. The domestic auto industry was [...]

Oil Min freezes gas allocation, prices of CNG, PNG spike

New Delhi, Apr 17 (PTI) The Oil Ministry has stopped making fresh allocation of natural gas from domestic fields to the city gas sector, threatening the viability of Rs 2 lakh crore investment planned in the sector besides leading to a hike in CNG and piped cooking gas prices to record levels, sources said. Despite [...]
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