TVS Mobility, Mitsubishi Corp JV for India’s Vehicle Ecosystem
TVS Mobility, a leading player in the Indian automotive distribution and aftermarket industry, has announced a joint venture with Mitsubishi Corporation, a Japanese conglomerate, to establish a comprehensive vehicle mobility ecosystem in India. The new entity, TVS Vehicle Mobility Solution (TVS VMS), will offer a complete portfolio of services to its customers, including new vehicle […]
Vikas Gupta: Tata’s 50:50 Strategy for FY24 Product Launches
Vikas Gupta is the Global Head of R&D at Tata Consumer Products, one of the leading fast moving consumer goods (FMCG) companies in India. He has been instrumental in driving innovation and new product development across the company’s portfolio of beverages and packaged foods. In this article, he shares his insights on the company’s premiumisation […]
50:50 Premium vs Mass: Tata FY24 Launch Strategy
Tata Motors, India’s leading automobile manufacturer, has announced its launch strategy for the financial year 2024. The company plans to introduce 10 new models across different segments, with a focus on balancing premium and mass offerings. Here is a detailed analysis of Tata FY24 launch strategy and how it will impact the market. Premium vs […]
Power Grid Corporation Sanctions Rs 656 Cr Investments
State-owned Power Grid Corporation on Monday said its board has approved an investment worth about Rs 656 crore for implementation of electricity transmission projects in the country. The company said in a BSE filing that the board of directors and the committee of directors on investment on projects have accorded investment approvals in their respective […]
Govt Eyes Higher Reporting Limits Post PAC Nod
The government is planning to increase its reporting limits for new policy-related expenditure by ministries and departments after getting approval from the Parliament’s Public Accounts Committee (PAC). This is aimed at reducing the frequency of supplementary demands for grants and speeding up the execution of projects. Background of Reporting Limits The reporting limits for new […]
IREDA, PNB Join Hands to Co-Finance Green Projects
In a major boost to India’s renewable energy sector, the Indian Renewable Energy Development Agency Ltd. (IREDA) and Punjab National Bank (PNB) have signed a memorandum of understanding (MoU) to co-finance and syndicate loans for a diverse range of green energy projects across the nation. Co-lending and loan syndication for sustainability The MoU, signed at […]
India’s Oil & Gas Import Costs Decline as Prices Fall
India’s net oil and gas import in value terms for April-January of fiscal year 2023-24 (FY24) declined by nearly a fifth on a year-on-year (YoY) basis to $101.3 billion due to relatively lower prices of crude oil, natural gas, and petroleum products in the international market, as per latest data from India’s Ministry of Petroleum […]
India Permits Onion Exports to Specific Nations
India is the second-largest onion producer in the world, with an annual production of about 24 million metric tons on average (2015-16 to 2021-22). The Indian onions are famous for their pungency and are available round the year. The country consumes about 13 lakh tons of onions every month, making it one of the most […]
Pure EV Secures $8M in Recent Funding Round
Hyderabad-based electric two-wheeler manufacturer Pure EV has raised $8 million from a consortium of investors led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, and Ushodaya Enterprises Pvt Ltd. The company is also in the final stages of raising $25 million from foreign institutional investors and is in talks to raise another $15 […]
25.7% Rise in India’s Outward FDI to $2.1B, Jan 2024
India’s outward foreign direct investment (FDI) commitments increased by 25.7% year-on-year to $2.09 billion in January 2024, according to the latest data from the Reserve Bank of India (RBI). This was a decline from $2.5 billion in December 2023, but still higher than $1.66 billion in January 2023. Equity commitments lead the growth The growth […]