The New York-headquartered agency predicts India’s electric car manufacturing capacity will outpace domestic demand by 11 lakh-21 lakh over the next five years. Targeting export markets will need “driving down costs” to compete with China, it said.
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OYO-owned Innov8 sold a 3% stake at a Rs 1,000 crore valuation to expand its flexible workspace business. Raymond Family Office acquired nearly 2%. Founded in 2015, Innov8 has 30 centres across 10 cities, reporting a Rs 62 crore profit…
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Sivasubramanian Ramann on Friday assumed charge as the Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA), according to a Finance Ministry statement.
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India’s economic indicators are becoming more supportive of growth, according to the report released by Motilal Oswal Private Wealth (MOPW) on Friday.
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The veteran strategist’s warning comes amid a surge in equity supply, which reached $7.2 billion in May and has already hit $6 billion in June — a rapid pace that could jeopardize the market’s strong rebound since early April.
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The Indian stock market is once again facing concerns around high valuations, particularly in the midcap segment, according to a report by Jefferies.
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