This is the start of the EV penetration. India is the world's largest two-wheeler market. 20 million two-wheelers are sold a year. Over time, EV penetration will grow to a much larger percentage in the overall industry and there is no single company that can achieve that full transition, says Bhavish Aggarwal,
The company, in its draft papers filed on Friday, said that the objective of the initial share sale is to gain the advantages of listing the equity shares on the stock exchanges.
The highest supply in a day (peak power demand met) also rose to 245.41 GW in June 2024 against 223.29 GW in the year-ago month. The peak power demand was recorded at 224.10 GW in June 2023. The peak power demand touched an all-time high of 250.20GW in May this year. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023.
Proceeds from the fresh issue to the tune of Rs 181 crore will be used to meet the working capital requirements, Rs 100 crore will be used for payment of debt, Rs 30 crore will be infused into the company's subsidiary, EIEL Mathura Infra Engineers, to build 60 million litres per day Sewage Treatment Plant (STP) at Mathura in Uttar Pradesh.
Markets had a dream rally in June, with the benchmark index Nifty gaining 2% WoW, whereas Bank Nifty gained 1.3% WoW. Overall, the markets continue to be driven by bullish investment sentiments, on the back of positive global cues, rally in heavyweights and on the hopes of rate-cut materialising, most probably in this quarter.
Kia India reported a 10% year-on-year increase in June wholesales, reaching 21,300 units. For the first half of 2024, sales grew by 6% to 126,137 units. Senior VP Hardeep Singh Brar credited strong product offerings and noted plans to maintain this growth through further network expansion.
South India destinations: Gandikota, Chikmagalur, Gokarna and other lesse known destinations in south india
In a fiery Lok Sabha address, Rahul Gandhi accused the BJP of promoting "violence and hate" while claiming to be followers of Hinduism. His remarks provoked strong protests from BJP members, with PM Modi condemning the statement as a grave accusation against Hindus. Home Minister Amit Shah demanded an apology from Gandhi, referencing Congress's controversial past actions.
The Finance Ministry on Monday praised the Goods and Services Tax (GST) system on the occasion of its seventh anniversary, highlighting its role in lowering taxes on essential items such as household appliances and mobile phones, thereby providing significant relief to households. Implemented on July 1, 2017, GST replaced approximately 17 local taxes and cesses. This year's GST Day theme is "Sashakt Vyapar Samagra Vikas" (Empowered Trade Overall Growth).
Amul and the new multi-state cooperative organics both will do handholding of all these farmers, even encourage more farmers elsewhere to get into this space, work on getting the certification of their soil, and use Amul economy model where they can even convert the dunk of our cattle into organic manure, get back to the field, use it extensively with the support that is required for a farmer, says Jayen Mehta
The Mumbai-based on-site installation and post purchase services provider said it will use the funds to penetrate deeper into existing categories. Wify will also The Mumbai-based on-site installation and post purchase services provider said it will use the funds to penetrate deeper into existing categories, company said in a statement.
Avaada Energy announced on Monday that it has secured an 820-megawatt hybrid project from state-owned power producer SJVN. This achievement came through an e-Reverse Auction process.
Rahul Gandhi's speech sparked a contentious atmosphere in the house as he criticised the BJP and RSS, alleging that they promote violence and misinformation in the name of Hinduism. He underscored that these organisations do not speak for the entire Hindu community, refuting their assertion of exclusive religious legitimacy.
Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential components in many of today's rapidly growing clean energy technologies - from wind turbines and electricity networks to electric vehicles.
The Enforcement Directorate informed a sessions court that former Tamil Nadu Minister V Senthil Balaji has been filing numerous petitions to delay trial proceedings in a money laundering case. This was stated by Karthik Dasari, Deputy Director, Chennai Zonal Office, Directorate of Enforcement, in his counter affidavit submitted to Principal Sessions Judge S Alli. Dasari claimed that Balaji's actions have an "ulterior motive to stall the trial proceedings" and are causing delays in the trial's commencement.
Maruti Suzuki India reported a 12% increase in total wholesales for June, reaching 1,79,228 units compared to 1,59,418 units last year. Domestic passenger vehicle sales rose by 3% to 1,37,160 units. Export sales surged to 31,033 units from 19,770 units, while mini-segment car sales declined.
The National Human Rights Commission (NHRC) has issued notices to the central labor ministry and Tamil Nadu government over allegations of Foxconn's discrimination against married women at its Sriperumbudur assembly plant. This action follows reports that Foxconn excluded married women from employment, raising serious concerns about gender equality and the violation of the right to equal opportunity.
Rahul Gandhi Speech | In his Lok Sabha address, newly appointed Leader of Opposition Rahul Gandhi accused Prime Minister Narendra Modi, BJP, and RSS of spreading violence and falsehoods, challenging their claim to represent Hindu values. Modi responded, accusing Gandhi of labeling Hindus as violent. Gandhi clarified that his remarks targeted BJP, not Hinduism, emphasizing that true Hinduism promotes courage and peace.
Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of short covering. If one looks a bit deeper in the trend in IT stocks, two things have become clear. That while the news and opinion has been negative, the price action has not been so bad as has been painted. Now let's look at what happened in the IT sector... Читать дальше...
"The main issue in SEZs is that we are not able to get economies of scale. The connect between SEZs and the domestic tariff area (DTA) or domestic market has to be improved. There are also issues if DTA is selling to SEZs," the official said.
As per the complainants, the 423 flats sold in Prateek Edifice were 10-12% smaller than what they had been charged for. They claimed construction was also done beyond the sanctioned plan without their consent.
Listing out many recent incidents, Kharge pointed out that there have been exam paper leaks, cancellation of many examinations, train accident, three terror attacks in Jammu & Kashmir, leakages in Ram temple, collapse of canopy at three airports, increase in toll taxes and depreciation of rupee.
As part of the programme, the chief minister visited a beneficiary's house and chatted with the family members for some time and then personally handed over the pension money to three beneficiaries.
