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European car companies step on gas for a footing in India
Czech carmaker Skoda Auto's India unit is aiming to sell over 100,000 vehicles annually by 2026, targeting younger customers with affordable, feature-rich models designed specifically for Indian market. This ambitious goal comes amid the dominance of Japanese, Korean, and local automakers, with Skoda striving to carve out a competitive niche through strategic positioning.
Ola Electric’s subsidiary faces insolvency plea over payment dispute
Rosmerta Digital Services filed an insolvency plea against Ola Electric Technologies over alleged payment defaults. Ola Electric disputes the claims and plans legal action while restructuring contracts, managing layoffs, and targeting Ebitda profitability next quarter.
Investment decision for US may be delayed due to lack of clarity over tariffs: Tata Technologies
"We are very bullish, medium to long term in North America. The lack of clarity on things like tariffs are not helpful. They're not helpful to our customers, and because they're not helpful to our customers, investment decisions are likely to be delayed," he said.
FOMC meet, FII action among 8 factors that could drive D-Street this week
Nifty ended the week down 0.7% due to IT sector selling. Key factors to watch include the upcoming FOMC meeting, US market movements, potential impact from Trump's tariffs, and continued FII selling. The Nifty faces technical resistance and support levels, while the rupee's movement against the dollar and crude oil prices will also influence market direction.
Amazon reaffirms commitment to compliance, consumer safety after BIS raids on non-certified products
BIS raids at Amazon and Flipkart warehouses revealed non-certified products, including toys and electronics, violating regulations. Amazon responded by emphasizing its commitment to compliance. The issue highlights the need for more accessible BIS certification processes, as legal actions under the BIS Act, 2016, have already been initiated against the defaulters.
Carlsberg India FY'24 sales cross Rs 8,000 cr, profit up 60.5 pc to Rs 323 cr
Carlsberg India reported a 60.5% profit increase to Rs 323.1 crore in FY'24, with revenue reaching a record Rs 8,044.9 crore. Despite a drop in market share to 13.3%, the brewer maintains its third position in the Indian market. The company attributes strong business performance, better working capital, and lower capital investment to its success.
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PMS Tracker: 14 funds gain up to 5% in February, worst performers drop over 22%
Fourteen PMS funds across various strategies posted gains in February 2025, with Wave Asset’s Bloom Fund leading at 4.99%. Debt funds performed well, while ESG and smallcap funds struggled, with Green Portfolio’s Impact ESG Fund plunging 22.36%.
Rupee settle at 87.01 vs US dollar as inflation cools
The rupee closed at 87.01 per US dollar, gaining 20 paise amid easing inflation. CPI inflation fell to 3.61% in February, raising expectations of deeper rate cuts. Market sentiment remained cautious, with last-hour dollar buying capping gains.
ET Graphics: Diesel runs aren't over yet
The share of diesel-powered cars and utility vehicles in passenger vehicle sales across India and three major auto markets—Germany, Japan, and Canada—increased in 2024 compared to the previous year, according to data from S&P Global Automotive. This growth comes despite the rising push for electric and hybrid vehicles, as policymakers remain committed to cutting carbon emissions and reducing reliance on fossil fuels.
BMW does not expect U.S. tariffs to stay in place all year, says CEO
BMW does not expect the recently imposed U.S. tariffs to stay in effect until year-end. The carmaker's 2025 earnings margin forecast of 5-7% for its automotive sector is predicated on the current tariffs remaining unchanged. CFO Walter Mertl stressed that any changes in the tariff situation would necessitate a revised outlook for the company.
Rupee ends at 87.01 vs US dollar, gains 20p from previous close
India's rupee strengthened by 20 paise against the US dollar, closing at 87.01 following positive retail inflation data. February's CPI reduced to 3.61% from January's 4.26%, prompting market speculations of potential rate cuts. The rupee's gains were trimmed late in the day due to dollar buying, with weak market flows ahead of the Holi holiday.
TCS elevates Sudeep Kunnumal as CHRO designate
TCS has appointed Sudeep Kunnumal as CHRO designate, replacing Milind Lakkad. With more than 25 years in HR, Kunnumal has held key roles at TCS since 2006. This marks the third major leadership change after CEO and COO transitions.
GoDigit promoters get Irdai nod for first pvt reinsurer
Valueattics Reinsurance Ltd, backed by Kamesh Goyal and Fairfax, becomes the first private reinsurer to gain regulatory approval in India. This move is expected to enhance competition, improve pricing, and provide more flexible risk solutions in the reinsurance sector.
Patanjali Ayurveda forays into insurance sector, acquires majority stake in Magma General Insurance
Patanjali Ayurved, led by Yoga Guru Ramdev, and the Dharampal Satyapal Group (DS Group) will acquire Magma General Insurance from Sanoti Properties LLP for Rs 4,500 crore, marking Patanjali's entry into the general insurance sector.
Forget figuring out Nifty’s bottom, focus on stocks with growth prospects. 7 large-caps with upside potential of up to 32%
Are you waiting to figure out when the Nifty and Sensex will bottom out so that you can shift from being bearish to bullish? Don’t even bother. Consider this simple point: Did all stocks start falling only after September 26, 2024, the day the index peaked? No. Many stocks across segments began declining much before that day. Similarly, much before the street realizes the Nifty has formed its bottom, many stocks would start to gradually move up. There is no way any investor can determine the precise level and date when the Nifty will bottom out. However, the fact that it has corrected over 15% increases the probability of the market being near its bottom. The operative word is “probability”. So, it is perhaps time to focus on companies where the broader picture of growth is intact. And let the Nifty do its thing.
Commercial vehicle industry steers the spotlight at 16th Apollo CV Awards 2025
At the 16th Apollo CV Awards in 2025, industry leaders celebrated notable achievements in the Commercial Vehicle sector. The Mahindra Veero (Diesel) SCV Pickup won 'CV of the Year,' while Tata Motors Ltd was named 'CV Maker Of The Year.' Discussions focused on future growth and sustainable propulsion technologies.
India 10-year bond yield glued to key level despite easing inflation
Indian government bond yields remained steady on Thursday, with the benchmark 10-year yield at 6.6835%. While domestic retail inflation eased to 3.61% last month, the market is cautious due to global trade war concerns. Some expect the Reserve Bank of India to cut rates further, with a possible 25 basis points cut in April.
IndiGo to invest $45 million in IFSC subsidiary
InterGlobe Aviation, IndiGo's parent company, will invest up to USD 45 million in its subsidiary IndiGo IFSC. This investment, approved by the board, aims to finance aviation assets, repay outstanding loans, and support general corporate needs. IndiGo IFSC specializes in leasing aircraft and aircraft engines.
ET MSME Awards 2024: And the nominees are…
After months of deliberations spanning multiple rounds of evaluation, vetting, and jury discussions, India’s largest, most credible MSME awards announces its shortlist. The winners for the ET MSME Awards 2024 will be revealed at a grand felicitation ceremony on March 20, 2025 in New Delhi.
MRF Vice Chairman & MD Arun Mammen takes over as Automotive Tyre Manufacturers' Association Chairman
Arun Mammen, Vice Chairman and Managing Director of MRF Ltd, has been elected as Chairman of the Automotive Tyre Manufacturers' Association, succeeding Arnab Banerjee of CEAT Ltd. Hiroshi Yoshizane of Bridgestone India is the new Vice Chairman. Mammen aims to position the Indian tyre industry as a major global supplier during the decade.
MNC stocks: Look beyond HUL and Nestle. 7 non-FMCG MNC stocks with an upside potential of more than 20%
Which definition suits an MNC more? First: A company whose majority stake is held by foreign company. And second: A company where not only is the majority stake held by a foreign entity, but the parent company operates in different parts of the world. Why make this distinction? Because, in the last few years, some Indian companies have seen their majority stake being bought by a foreign company. And they have started getting MNC-like valuations on the street. Even though the new owner has not brought anything to the table as far as their operations are concerned.
Indian mills sign contracts to export 600,000 metric tons of sugar
Indian sugar mills are currently exporting sugar but are hesitant to sign new contracts due to rising domestic sugar prices. India allowed sugar exports this year to help mills clear surplus stocks. Despite current slow exports, Indian mills are expected to fulfill the 1 million tons export quota by September.
Small-caps: Not a time to panic, but to review & think long term. 5 stocks from various sectors with an upside potential of over 30%
What is the difference between end-2024, when the correction began, and the start of 2025? In the initial phase in October-November, it was large-caps that bore the brunt. Now it is small- and mid-cap stocks that are taking a beating. So, collectively, it has been five months of decline in every segment of the market. So what to do? Sell, buy, or hold? Here’s a story about a small-cap company for perspective. For decades, its performance was mediocre at best. But it is now a success, making batteries used in EVs and other new energy ecosystems. The stock has seen a re-rating in the last couple of years. What should you do? Sell, because it has seen a sharp correction and the fear of Trump is roiling global markets? Or not?
RVNL shares in focus after bagging Rs 554.64 cr worth project from NHAI
RVNL shares: The project entails building a 6-lane access-controlled road to Visakhapatnam Port, spanning from Sabbavaram to Sheelanagar junction and bypassing the Anakapalli-Anandapuram corridor.
Auto firms now ask for more of India-made parts: Nathan Bowen, global executive VP at US based Tenneco
Automakers are increasingly leveraging India as a sourcing hub for components due to its cost competitiveness and great technology. US-based Tenneco sees India as a key market, with plans to expand exports to North America and Europe and significant investments expected to support market growth.
TCS buys 100% stake in commercial realty firm Darshita Southern India Happy Homes
The acquisition of land and building which is held by the entity is to serve as a delivery center, TCS said in a stock exchange filing.
Bengaluru might witness thunderstorms after a long dry spell, Mumbai and Delhi to remain dry
Bengaluru is set for thunderstorms and isolated rain this week after a long dry spell. Areas including Kolar, Mysuru, and Tumkur will see weather changes. Coastal districts like Dakshina Kannada may also get rain. Meanwhile, Delhi, Mumbai, Hyderabad, and Chennai will experience dry, warm, and breezy conditions with varying temperatures.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 26%
The Indian market, in correction mode for five months, is not a standalone underperformer. A part of the correction does and will continue to happen because of global markets. So, when Dow Jones Futures indicates in the afternoon that it will open with a 1% cut, or Nasdaq is set for a cut of over 2%, expecting the Nifty to end the day in the green is foolhardy. It’s simple: If the US markets are going to drop, there is no way the Indian market, or for that matter any other, whether emerging or developed, will see a standalone uptrend. Yes, there will be phases of relative outperformance. Are Indian markets going through that? Is market behavior indicating that?
Why global EV giants like Tesla, BYD can't challenge India's Tatas and Mahindras: Anand Rathi report cites key reasons
India’s passenger vehicle market is unlikely to face major disruption from new competition in the near future. Reports suggest that global players like Tesla and BYD struggle with local regulations, pricing, and market dynamics. Despite government efforts to encourage electric vehicles (EVs), challenges such as high import duties and localisation requirements keep the sector largely dominated by homegrown brands. Experts argue that established Indian automakers hold a strong advantage, making it difficult for new entrants to gain ground.
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