Tag: Media

India’s EV market to generate $100 billion by 2030: report

In the short-term, OEMs are likely to continue the shift from performance-centered to price-centered EVs as the market slows, leveraging strategies to expand sales of cost-effective EVs with Chinese LFP batteries.

The report stated that the EV market can realise 40 percent penetration in the next seven years, a substantial increase from the current 5 percent penetration in the country.

Maruti Suzuki announces launch of first EV in FY 24-25

The SUV is said to have 550 kilometres of range. (Image sourced via Maruti Suzuki website)

The EV will be a top-line SUV with a 60 kilowatt hour battery. No specific number has been finalised yet about the number of units that will be rolled out from the manufacturing plant in Gujarat.

Bajaj Auto to achieve EV profitability at a relatively lower threshold: Rajiv Bajaj

Bajaj Auto currently has 80 percent market share in the ICE segment. This serves as a substantial and efficient distribution platform for their electric offerings. (Image sourced via Forbes India)

Irrespective of the inflationary costs and currency crises, Bajaj Auto has continued to deliver 20 percent EBITDA (earnings before interest tax, depreciation and amortisation).

Elon Musk demands Disney’s Bob Iger be fired; Advertising exodus at X continues

The cuts will target veteran civil servants after earlier rounds focused on probationary workers with fewer job protections.

At an event in New York recently, Musk demanded that Iger be fired from Disney immediately.“Walt Disney is turning in his grave over what Bob has done to his company,” Musk said in a series of posts after the company stopped advertising on X.

India-Bharat name debate: EAM S Jaishankar says ‘Bharat is a belief and an attitude’

The minister went on to state that the contemporary world cannot just have one or two powers and highlighted that the world is heading towards multipolarity in greater insecurity and more protectionism, as per reports. (Image sourced via CNBC)

The external affairs minister was speaking at the 96th Annual General Meeting (AGM) of the Federation of Indian Chambers of Commerce and Industry.

Why is Japan big on India’s consumer market and manufacturing?

The new directors join chief executive officer Anirban Mukherjee and chief finance officer Arvind Agarwal on the board of PayU India. (Representative Image: Towfiqu barbhuiya via Unsplash)

India’s GDP is expected to grow at 6.5 percent and is on track to become the world’s third largest economy in the medium term. According to Masahiro Goto, head of investment banking at Nomura, this puts India in a sweet spot.

Korean carmaker Hyundai to hike prices from January 1, 2024

The inaugural Grameen Mahotsav event was held in Mahemdavad, Gujarat in April 2024. (Representative image by Paramraj Singh via Unsplash)

Rising input cost, adverse exchange rate and increase in commodity prices were reasons listed by the company for the price hike.

PM Narendra Modi inaugurates ‘Uttarakhand Global Investors Summit 2023’

The Prime Minister praised India's animation studios for partnering with global giants like Disney and Warner Brothers, creating original content that showcases Indian culture on the world stage.

Prime Minister Modi also launched a book Sashakt Uttarakhand and the brand House of Himalayas. The theme of the Summit is ‘Peace to Prosperity’.

Starbucks loses $11 billion in value due to boycotts

Although cups bear the recycling symbol, only about 9% of MRFs can handle Starbucks’ No. 5 polypropylene cups at all, and few buyers exist for this particular plastic feedstock.

Analysts say that the loss incurred is likely due to slow sales, a subdued response to Starbucks’ festive offerings and global political tensions.