Tesla Inc.’s India office is refunding early bookers of its Model 3, according to emails seen by Bloomberg News, sparking speculation the American electric vehicle maker is nearing a roll out in the world’s third-largest automobile market. “We would like to return your reservation fee for the time being,” read the emails to customers who had made these bookings back in 2016. “When we finalize our offerings in India, we will reach out in the
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India’s top carmaker Maruti Suzuki plans to invest up to 90 billion rupees ($1 billion) in the current fiscal year, it said on Friday, as it gears up to launch its first electric vehicle, boost exports and expand its existing car plant. Maruti, majority-owned by Japan’s Suzuki Motor, will begin production of its first-ever electric vehicle, the ‘e-Vitara’, before September-end, Chairman R.C. Bhargava said in an earnings call. “I think the annual production… will be
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The primary investors are set to remain engaged next week as Initial public offering (IPO) activities gains momenutm after a brief hiatus. In the mainline segment, Ather Energy IPO is scheduled to open for public subscription on Monday, April 28, 2025, marking the end of the ongoing lull that has persisted for nearly two months. Activity in the Small and medium enterprises (SME) segment is also expected to pick up, with three new public offerings
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Markets expect an escalation in India – Pakistan tensions following the attack on civilians in Pahalgam, but a full-fledged war between the neighbouring countries is ruled out at this stage, suggest analysts. The markets, according to U R Bhat, co-founder & director, Alphaniti Fintech, are quite nervous after the developments in Pahalgam. The markets, he said, had gone up sharply from their recent fall that was triggered by US tariff fears. Investors, Bhat believes, are booking profit
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SBI Cards and SBI Life stocks displayed an opposite trend post Q4 results. SBI Card stock plunged over 5 per cent in intra-day deals on Friday, while SBI Life Insurance shares rallied as much as 10 per cent. SBI Cards reported a 19 per cent decline in net profit at ₹534 crore for the quarter ended March 2025, as against ₹662 crore in the year ago period. Total income, however, grew by 8 per cent year-on-year (YoY) to
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