Category: Business News & Economy

S&P 500 Utilities hits a 52-week low: Bargain buy or rate-driven value trap?

Tata Motors Passenger Vehicles is evaluating further price increases as commodity costs continue to affect profitability. The company is currently absorbing part of these cost hikes while working on cost reduction measures. Incremental price increases will be implemented over time to minimize demand impact. Tata Motors recently introduced the new Tata Aeris compact sedan targeting…

Tata Motors Passenger Vehicles is evaluating further price increases as commodity costs continue to affect profitability. The company is currently absorbing part of these cost hikes while working on cost reduction measures. Incremental price increases will be implemented over time to minimize demand impact. Tata Motors recently introduced the new Tata Aeris compact sedan targeting…

Audi has commenced local assembly of the Q3 model at the Skoda Auto Volkswagen plant in Chhatrapati Sambhajinagar. The new model is expected to launch on October 16, reflecting the company’s growth trajectory in India. Piyush Arora mentioned that this milestone highlights the capabilities of the local facility, reinforcing Audi’s commitment to the Indian market.

In a strategic move to expand its footprint in Africa, Max Healthcare has unveiled a new patient assistance centre in Dar es Salaam, Tanzania. This facility is designed to aid Tanzanian patients and those from the East African region in navigating healthcare options in India. Key services include video consultations and assistance with travel documentation.

India’s insolvency framework has helped more than 1.4 lakh homebuyers receive homes from stalled projects. Major developers, like Adani Realty and Lodha, are reviving these projects through the Insolvency and Bankruptcy Code. Despite some successes, about 2.5 lakh homebuyers are still awaiting resolutions in ongoing cases. NCLT has improved confidence among buyers, enabling them to…

Union minister Nitin Gadkari on Friday said greater ethanol use could boost farmers’ incomes and reduce India’s dependence on petroleum imports. Launching Madhya Pradesh’s new public bus service, he also backed flex-fuel, electric and hydrogen vehicles, waste-to-fuel projects and expanded public transport, while outlining plans to increase bus manufacturing and jobs.

India has directed states to take enforcement action against the sale of nicotine pouches, citing public health and risks to children. The health ministry said the tobacco-free products remain illegal and unapproved in India and are increasingly available online and offline. A federal drug panel has also recommended no new nicotine formulations.

Prestige Estates Projects has revealed plans for two upcoming housing developments in Bengaluru. The flagship project, Prestige Parklane, will host 1,788 residences on a 12-acre site, whereas the second venture will feature 655 upscale apartments on 10 acres. With an impressive combined revenue potential of Rs 2,850 crore, these projects underscore Prestige Group’s ongoing commitment…

Volkswagen confirmed on Friday a recall of aroung 2.86 million vehicles worldwide over a potential steering risk. The models being recalled include Tiguan, Touran, Golf and Caddy, built between 2013 and 2024, and around 700,000 Audi models built from 2017 to 2024. Quality control checks found corrosion in the vehicular components.