It is also demanding the EV manufacturer must set up a manufacturing plant and locally produce its electric vehicles to sell here. While this has slowed down the pace of the development of Tesla’s India business ambition, the Indian government is reportedly mulling the plan to reduce its import tariffs for electric vehicles with an…
Despite Tesla’s plan to set up business officially in India, nothing has been confirmed yet. While Tesla has been demanding lowered import duty so that it can start selling its electric cars in the country officially by importing, the Indian government has been clear that there won’t be any reduction in import duty. It is…
Swedish carmaker Volvo Cars has officially taken the covers off its first-ever minivan EM90. The luxury electric minivan, which has been developed for the Chinese markets primarily, may hit the roads in other countries later. The EV is based on the Volvo’s scalable SEA platform and comes with a design that is inspired by the…
Aprilia is entering the premium segment with its new superbike aimed to compete with the likes of the KTM RC390. The Aprilia RS 457 has been unveiled in India already while its specs reveal that it would be a powerful superbike yet also won’t be hugely expensive despite the fact that its price positioning would…
The markets on Monday morning opened lower with Sensex at 64,992.74, down by 266.71 points and Nifty was at 19,463.80, down by 71.25 points. From the Sensex pack, Axis Bank, Bharti Airtel, IndusInd Bank, PowerGrid, and NTPC were the top gainers in the morning session, whereas Bajaj Finserv, Infosys, Kotak Bank, HDFC Bank, and…
Rupee falls by 3 paise to 83.31 against the US dollar in early trade on Monday. The rupee declined 4 paise to settle at its lifetime low of 83.33 (provisional) against the US dollar on Friday, tracking an upward movement in crude oil prices and foreign capital outflows.
Brokerage firm Jefferies has upgraded India’s largest mining company Coal India Ltd. to “buy” from its earlier rating of “hold.” Jefferies has also raised its price target on Coal India to ₹385 apiece from ₹240 earlier. The revised price target implies a potential upside of 16% from Sunday’s closing levels. The stock closed at the…
Coal India Ltd reported a better-than-expected Q2 results, thanks to higher-than-expected coal prices and lower-than-expected employee cost. Analysts noted that power demand usually peaks in May due to summer heat waves but a drier monsoon and high economic activity this year kept the demand elevated for Coal India, which is a seasonally weak quarter. Considering…
According to the most recent price notification by fuel retailers, petrol and diesel prices have been unchanged on November 13 in major cities, and costs have been steady for a year now. However, the prices of petrol and diesel change state by state, depending upon various criteria such as Value Added Tax (VAT), freight…
Technical analysts Mitessh Thakkar of earningwaves.com and Prakash Gaba of prakashgaba.com share their top stock picks for the day. From Mitessh Thakkar Mitessh Thakkar’s first buy call of the day is on Ashok Leyland. He recommends this with a stop loss below Rs 174 for an upside target of Rs 181. Shares have declined more than 1% in…