Speaking to during the Rising Rajasthan Global Investment Summit, Agarwal revealed that the massive investment will provide significant employment opportunities and foster industrial development.
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CEAT finalized a deal to acquire Michelin’s Camso off-highway tyre and track business for $225 million. This acquisition allows CEAT to enter the faster-growing, high-margin track segment, expanding its global presence with access to over 40 international OEMs and two…
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Ceat’s acquisition of Michelin’s off-highway tyre (OHT) brand Camso for USD 225 million is projected to boost Ceat’s margins. The deal will increase the share of OHTs, which have higher profit margins, from 15% to 25-30% of Ceat’s overall mix.…
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India’s November vehicle sales showed mixed results. Two-wheeler sales surged by 15.8 percent due to festive demand. However, passenger vehicle sales dropped by 13.72 percent. Commercial vehicle sales also dipped. Three-wheeler sales saw a modest rise. The industry remains cautiously…
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India’s industrial production likely rose 3.7% in October 2024, fueled by festive demand, according to a Union Bank of India report. This growth, though lower than October 2023’s 11.9%, was supported by improved rural and urban consumption and a recovering…
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India attracted over a trillion dollars in foreign direct investment between April 2000 and September 2024. Mauritius, Singapore, and the US were the top investors. Key sectors included services, software, and telecommunications. Inflows surged after 2014, exceeding the previous decade’s…
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