Crude oil prices stayed steady on November 28, after an unexpected jump in US gasoline stock supplies and delaying of the OPEC + meeting on output policy, which was moved from December 1 to December 5. Today Brent Crude futures moved up by 8 cents to $72.91 per barrel. While US West Texas intermediate (WTI)
Mahindra has just dropped its latest electric bombshell — the all-new XEV 9e. This borne electric SUV is based on a brand-new skateboard platform which is called Inglo. Mahindra has revealed that the starting price is Rs 21.90 lakh (ex-showroom, but the full pricing and variant details won’t drop until January 2025. The company further
January is set to host the 2025 Bharat Mobility Global Expo (BMGE), previously known as the Auto Expo. The show is set to take place from January 17–22, 2025 and will see the participation of many more exhibitors than the previous edition, including a host of luxury brands in the four and two-wheeler segment. 2025
IT services major Wipro is at a crossroads once again– new CEO, new expectations, new hopes. However, Nuvama Institutional Equities said, there are two big differences this time: 1) its portfolio with higher exposure to discretionary spends is favourably placed to ride the macro recovery; and 2) the CEO this time is an internal lifer
As the textile industry grapples with environmental concerns and changing consumer preferences, sustainability has become a core focus for leading manufacturers. Rohit Aggarwal, who recently took over as CEO of Lenzing AG, an Austrian leader in sustainable fibers, shares his vision for the company’s future, particularly in emerging markets like India. In an exclusive conversation
The Indian rupee declined on November 28, almost reaching its all-time low for the week. It closed at Rs 84.4850 against the US dollar, down from Rs 84.4525 in the previous session. Last week, the rupee weakened to its all-time low of 84.5075 The major factors driving this downward move were demand for dollars to
Like the previous two months, there were significant activities in the India automotive industry in November given it is the final month for the festive season in the country. There were plenty of launches and unveils all throughout the month which made November 2024 a very busy month for those tracking the automotive market in
Bajaj Auto has been making some quiet but powerful moves in the electric vehicle space, and now, thanks to Flipkart’s Black Friday Sale, you can ride the wave of savings with the Bajaj Chetak 3202. This electric scooter, available in two colours—Brooklyn Black and Matter Coarse Grey—comes with a portable charger and a ton of
A decade after entering India’s luxury residential real estate market, the Trump Organization is now expanding into the commercial sector. The company announced the launch of Trump World Centre in Pune, marking its first commercial project in the country. The development, a partnership between Tribeca Developers and Kundan Spaces, will feature two high-rise glass towers
The family battle in Raymond Group seems to have ended with Nawaz Modi Singhania, estranged wife of chairman and managing director Gautam Singhania, deciding to step down as a director on the board. The company said the resignation is effective Wednesday. “We thank Nawaz Modi Singhania for her services as a board member over the
All-electric ride-hailing platform BluSmart Mobility is restructuring its operations as part of an ongoing effort to streamline its financials. The company, which generates monthly revenue of Rs 70 crore, translating to an annual run rate of approximately Rs 840 crore, is making strategic adjustments to its fleet management, co-founder Puneet Singh Jaggi told FE in
The Securities and Exchange Board of India (SEBI) on Wednesday imposed penalties on former news anchor Hemant Ghai and two others, including his wife, for alleged fraudulent practices and barred them from dealing in securities for five years. The markets regulator has also fined Motilal Oswal Financial Services (MOFSL) for failing to adequately supervise authorised
The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has recommended a 12% provisional safeguard duty on some steel products to protect the local industry from below-cost imports. A final decision will be taken by the finance ministry. In a notification, the DGTR said critical circumstances exist wherein any delay in application for
