Due to the GST reform, holiday and rural demand, and overall sales increased 40.5% year over year (YoY), India’s car retail sector reached a record high in October. The 42-day festival season from Dussehra to Diwali recorded record figures with a 21% YoY growth, solidifying it as the strongest festive cycle in India’s automotive history,…
Following a weak first half, benchmark indexes surged in the second half of Thursday on expectations that India and the US had achieved a possible trade agreement, bolstered by comments made by US President Donald Trump. The Nifty jumped 395.20 points (1.60%), regaining the 25,000 peak after a seven-month break, and closed at 25,062.10, while…
Mahindra & Mahindra (M&M) stated on Monday that the SML Isuzu acquisition is strategically intended to increase market share in the truck and bus segments while simultaneously attaining higher cost reductions in the tractor segment. The plan to purchase a 59% share in SML Isuzu for a total of Rs 555 crore was accepted by…
Due to strong domestic valuations and volatility in the global market, foreign institutional investors (FIIs) engaged in a wave of significant selling during the first two weeks of August. However, later in the month, they turned their attention to purchasing, allocating Rs 25,000 crore across eight important sectors. With purchases of Rs 5,297 crore, consumer…
