SWITCH Mobility, a subsidiary of Ashok Leyland, unveiled its latest electric bus platform SWITCH EiV12 for the Indian market. Launched by Union Minister Nitin Gadkari, the low-floor electric city bus features chassis-mounted batteries with over 400 kWh capacity and can accommodate up to 39 passengers. Simultaneously, the company virtually flagged off the SWITCH E1 for…
RBI data shows that the number of credit cards issued by banks has also increased sharply to 10.61 crore by September 2024 from 9.3 crore in September 2023, 7.36 crore in March 2022 and 6.20 crore in March 2021.Credit card repayment defaults are on the rise, reflecting growing stress and debt burden among customers. Credit…
According to CLSA, the Indian cement sector may see a price increase of 4% in the second half of FY25 and this will be good news for companies that have been affected by low prices across India for the last several quarters. However, the sustainability of these price increases remains a key monitorable factor, according…
According to data compiled by the Federation of Automobile Dealers Association, retail sales of vehicles across categories in India rose 11.21 percent to 32,08,719 units in November as against 28,85,317 units in the same month last year. Retail sales of two-wheelers rose to 26,15,953 units in November as against 22,58,970 units in the same month…
Oil prices rose more than 1% on Monday, as top importer China took its first step toward easing monetary policy for the first time since 2010 to boost economic growth, state media reported, citing a politburo meeting. Brent crude futures rose $1, or 1.4%, to $72.12 a barrel at 1356 GMT. U.S. West Texas Intermediate…
Durex’s The Birds and Bees Talk (TBBT), an impactful life skills program by Reckitt, a global leader in health and hygiene, has proudly marked its third consecutive year as the official health partner of Northeast India’s most iconic cultural celebration—the Hornbill Festival. As the festival celebrates its milestone 25th edition, TBBT is set to launch…
The State Bank of India (SBI) has projected that India’s gross domestic product (GDP) will grow at 6.3% during the current financial year (FY25), lower than the Reserve Bank of India’s (RBI) forecast of 6.6%, which was revised upward from 7.2% earlier. “We believe GDP growth for FY25 will be lower than the RBI forecast…
Royal Enfield, the global leader in the mid-size motorcycle segment, has announced the launch of the Goan Classic 350, a bobber-inspired motorcycle that celebrates the vibrant moto-culture of 1970s and ’80s Goa. Priced at ₹2,35,000 for single-tone variants and ₹2,38,000 for dual-tone options, the Goan Classic is now available for bookings and test rides. Powered…
IGL share price jumped nearly 4 per cent in mid-day trade on December 5 after the city gas distributor announced that the board will consider a proposal to issue bonus shares on December 10. “It is notified that the Board of Directors is scheduled to meet on December 10, 2024 to consider a proposal to…
Allcargo Gati Limited (formerly Gati Limited), one of India’s premier express distribution and supply chain management company, has launched the fastest direct delivery services through its Air Express Service to Imphal and Varanasi from key metro cities such as Mumbai, Delhi, Ahmedabad, Bengaluru, Hyderabad, Pune, Chennai, and Kolkata. Allcargo Gati is among the leading express…
