Business

Electric vehicles Industry Upbeat on Modi 3.0 with Hopes for Continued Policy Support and New Sops

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Electric vehicles

Multiple industry stakeholders, including Electric vehicles Industry makers, told Moneycontrol that, despite the challenges of a coalition government, the focus on the EV ecosystem and net zero emissions will remain under Modi 3.0. With the National Democratic Alliance (NDA) administration returning for a third term, the auto industry anticipates a significant boost to electric vehicles … Read more

In June, FPIs Withdrew Rs 14,800 Cr from Indian Equities in the Face of Attractive Chinese Stock Valuations and Election Results

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FPI

The first week of June saw a withdrawal of approximately Rs 14,800 crore from Indian stocks by Foreign Portfolio Investors (FPIs), mostly due to the allure of excellent Chinese market valuations and the outcome of the Lok Sabha election in India. This comes after net outflows in prior months as a result of political unpredictability … Read more

India’s Falling Cereal Consumption: A Comprehensive Look at Urban and Rural Patterns in 2022–2023

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Cereal

The monthly per capita consumption of cereal in rural India declined to less than 10 kg in 2022–2023, a trend that is expected to continue. Moreover, the amount consumed in cities fell, from 9.32 kg in 2011–12 to 8.05 kg. The Household Consumption Expenditure Survey (HCES) conducted by the Ministry of Statistics and Programme Implementation … Read more

Walmart Executive Sees Flipkart and PhonePe IPOs Delays but Promises a Bright Future 2

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Flipkart

The Flipkart and PhonePe platforms of Walmart are expected to undergo their initial public offerings (IPOs) in the next years, as stated by Dan Bartlett, Walmart’s senior vice president for corporate affairs. During the company’s shareholder meeting in Bentonville, Arkansas, Bartlett emphasised that although Flipkart is a more established player, PhonePe may receive preference because … Read more

As OPEC+ Quiets Markets and the ECB Lowers Interest Rates, Oil Prices Increase 1

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OPEC

After indications from Saudi Arabia and Russia, two OPEC+ members, that they were prepared to halt or overturn output agreements, oil prices rose on Friday. This decision heightened anticipation of a comparable U.S. action, as did a European interest rate drop. U.S. West Texas Intermediate crude prices jumped by 16 cents to $75.71, while Brent … Read more

In order to increase authorised share capital to Rs 2,500 crore, Orient Green Power is seeking shareholder approval.

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Orient Green Power

Orient Green Power : At its next annual general meeting on June 28, 2024, Orient Green Power intends to ask shareholders for permission to raise its authorised share capital from Rs 1,600 crore to Rs 2,500 crore. In order to fund its operations going forward, the corporation plans to raise money and revise its memorandum … Read more

China’s Manufacturing Activity Reachs a 2-Year High in May, Surpassing Forecasts with a Caixin PMI of 51.7

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China's

May saw the highest expansion in China’s manufacturing sector in almost two years, according to the Caixin/S&P Global Manufacturing PMI, which increased from 51.4 in April to 51.7 in May, above analysts’ forecasts of 51.5. The 50-point cutoff separates contraction from expansion. This impressive performance is the result of increased orders and excellent output, supported … Read more

Mamaearth Transformation: 1The Systematic Path to Financial Success

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Mamaearth's Transformation

What precisely drove Mamaearth and Honasa to reach the significant benchmark of a complete year of financial success? Many have praised Zomato for becoming profitable, but Mamaearth and Honasa deserve equal recognition as well. Mamaearth and Honasa : The company concluded FY24 with earnings of INR 110.52 Cr, a major improvement over the INR 150.96 … Read more

1Empowerment and Hurdles: Tata Motors’ Demerger Journey Opportunities

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Demerger

Tata Motors Demerger CV and PV segments, including Jaguar Land Rover (JLR). JLR emerges as the key player, commanding significant revenue and EBITDA. Timely move coincides with JLR’s improved cash flows and potential debt-free status. Investors gain access to a global PV giant with JLR’s premium market presence. Alignment with Tata Motors’ EV focus, paving … Read more

1Charlie Munger: The Architect Behind Berkshire Hathaway’s Success

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Charlie Munger:

Warren Buffett credits Charlie Munger as the architect of Berkshire Hathaway. Munger’s guidance transformed Berkshire from textiles to a diversified conglomerate. Munger’s mentorship shaped Buffett’s investment philosophy. He urged Buffett to focus on acquiring outstanding businesses at fair prices. Munger played a silent yet pivotal role, prioritizing collaboration over personal recognition. Architect of Berkshire: Warren … Read more