Shriram Finance sees strong CV demand despite price hikes, while EV financing jumps fivefold to Rs 250 crore monthly MUMBAI: Price hikes in commercial vehicles are unlikely to dent demand, according to Shriram Finance (SFL), the largest financier of CVs, in the wake of commodity inflation-driven price hikes.SFL is also seeing a surge in electric…
Centre appoints Annie George Mathew, Janmejaya Sinha and Syed Akbaruddin as part-time directors on RBI’s central board MUMBAI: The Centre has appointed former finance ministry special secretary Annie George Mathew, Boston Consulting Group India chairman Janmejaya Kumar Sinha and former diplomat Syed Akbaruddin as part-time, non-official directors on RBI’s central board for four years.The appointments…
FPIs pour Rs 23,544 crore into Indian equities in August as earnings recovery and rupee stability boost investor sentiment NEW DELHI: Foreign Portfolio Investors (FPIs) have accelerated buying in Indian equities this month, infusing Rs 23,544 crore so far as improving quarterly earnings, a stable rupee and better market prospects lift sentiment.The inflow comes after…
HSBC India CEO Hitendra Dave says the bank is doubling down on affluent banking, while eyeing growth in wealth management, digital services and cross-border offerings MUMBAI: HSBC has been in India since 1853 and has maintained the most consistent retail presence among global banks. Its Indian operations have doubled pre-tax profits in four years, making…
India steps up Latin America outreach, with Chile trade pact talks and engagements with Argentina, Brazil NEW DELHI: Amid the global turbulence, govt is stepping up its engagement with Latin America, seeking to diversify its trade basket with talks with Chile scheduled for later this week to finalise a comprehensive trade treaty.Commerce secretary Rajesh Agrawal…
India’s corporate earnings rebound strengthens MUMBAI: The pace of earnings growth of the top 500 companies in the country during April-June quarter (Q1 of FY27) stood at 13% on an annual basis. But, excluding oil marketing companies, that are facing huge input cost pressures due to the war in West Asia, earnings growth was 23%,…
Piyush Goyal to push India-Japan trade ties, with focus on semiconductors, AI, startups and investment TOKYO: Commerce and industry minister Piyush Goyal is set to step up the trade and investment engagement with Japan, a key strategic partner for India, especially in high-technology manufacturing and next-generation industries.Dedicated sessions are planned on semiconductors, artificial intelligence and…
India’s affluent consumer base is projected to surge from 2.6 crore in 2026 to 10.8 crore by 2036 BENGALURU: India is projected to have 10.8 crore affluent consumers by 2036, marginally surpassing China’s 10.3 crore, according to the latest report by NielsenIQ (NIQ) and World Data Lab.The report defines affluent consumers as people spending more…
Carmakers see sales surge, but rising costs squeeze profits NEW DELHI: Carmakers are selling more vehicles, but higher volumes are not necessarily translating into fatter profits. Rising commodity costs, adverse currency movements and production disruptions are squeezing margins at some of India’s biggest passenger vehicle makers even as demand remains strong.Maruti Suzuki is the clearest…
New vehicle rules may curb high-beam glare, with two-wheelers switching automatically to low beam NEW DELHI: Automatic headlamps in two-wheelers will soon work only in passing beam (low beam) mode, and buses and other heavy vehicles will have to use genuine reflective tapes to improve visibility at night and in bad weather. Also, the use…
