At Kia’s much-awaited launch event on October 3, the company’s India MD and CEO Gwang Gu Lee gave a glimpse of the road ahead. Kia India plans to launch its first mass-market electric vehicle next year, aiming to reach 4 lakh annual sales in the Indian market by 2030, it revealed. Kia India launched the … Read more
New Delhi: India’s micro, small and medium enterprises or MSMEs, already facing challenges, could face additional strains as the conflict between Iran and Israel intensifies, experts warn. MSMEs form a vital part of India’s global trade network and contribute to a wide range of sectors such as textiles, handicrafts and automobile components. Growing instability in … Read more
3 minutes of reading Last update: October 3, 2024 | 15:36 IS Leading automobile manufacturer Mahindra and Mahindra (M&M) has set a new benchmark in the automobile world with its newly launched Thar ROXX, amassing 1.76 lakh bookings in the first 60 minutes of the opening of the booking window. This is the highest number … Read more
Indian media companies were slow to adapt to growing digital influence (Photo: Wikimedia Commons) 3 minutes of reading Last update: October 3, 2024 | 14:29 IS The Indian media industry is expected to witness annual revenue growth of approximately 8 per cent by fiscal 2027, driven by the growing dominance of digital platforms, with annual … Read more
India’s growing trade deficit is not worrying as the country is a fast-growing economy, the government has said. But some industry players say persistent geopolitical issues and rising logistics costs are putting pressure on exports and imports, worrying domestic manufacturers. According to recent government data, India’s merchandise trade deficit hit a 10-month high of $29.65 … Read more
New Delhi: The Indian logistics marketvalued at Rs 9 trillion in FY23, is projected to grow significantly, reaching Rs 13.4 trillion in FY28, registering a compound annual growth rate (CAGR) from 8 to 9 percent, according to a recent report by Motilal Oswal. This growth is being driven by structural changes, technological advances and government … Read more
Investment funds KKR & Co., Stonepeak Partners and Macquarie Capital have sounded merchant bankers to acquire a potential stake in India’s No. 3 telecom tower company, Ascend Telecom Infrastructure Pvt. Limited. Ltd, two people aware of the development said, after losing the race for American Tower Corp.’s assets in India to Canada’s Brookfield. The funds … Read more
The Indian telecom market is growing rapidly and has more than 809,000 towers, with an annual growth rate of 7%. 3 minutes of reading Last update: October 3, 2024 | 10:57 am IS KKR & Co, Stonepeak Partners and Macquarie Capital are reportedly in talks with merchant bankers over a possible investment in Ascend Telecom … Read more
CHICAGO: Dock workers on strike in the US east coast and Gulf Coast ports are preventing imports of beef that restaurants and retailers increasingly rely on to make burgers because of limited domestic supplies, traders and industry members said. The labor strike prevents everything from car shipments to containers full of Guatemalan bananas and Italian … Read more
New Delhi: owned by Tata group india air has told his cabin crew They will have to share hotel rooms with another colleague during their stopover. This is part of many other changes, including increased allowances and increased tip payments, according to an internal memo seen by ET. The Air India group is harmonizing its … Read more
