Big discounts on electric vehicles hit the market due to stockpile and CAFE norm pressures. Popular models like Nexon EV and Hero Motocorp Vida V1 are offering substantial reductions. Dealer contributions and leftover festival deals add to the savings. Though EV growth is slowing, sales are still expected to break records this year.
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Indian employees now prioritize workplace flexibility, job security, learning opportunities, and a sense of belonging over salary. Randstad India's Workmonitor 2025 survey reveals that 52% would leave jobs lacking flexibility. Job security, mental health support, and work-life balance are more significant than pay. Flexibility is a baseline expectation across all age groups, signaling a fundamental change for organizations.
Digvijay Laxmansinh Gaekwad, a Florida-based investor, is required to appoint a merchant banker to comply with Sebi's takeover rules before making an acquisition offer for Religare Enterprises. Gaekwad has offered Rs 275 per share, a 17% premium over the Burmans' Rs 235 offer. Approval from RBI is required for him to open an escrow account.
Nate Anderson and his firm Hindenburg are under scrutiny for alleged connections with hedge funds while preparing reports targeting companies. Documents filed in an Ontario court suggest collaboration between Hindenburg and Anson hedge fund, potentially leading to securities fraud charges. Anderson and Anson's Moez Kassam have yet to respond to the allegations.
L&T’s HR head Sonica Muraleedharan clarifies Chairman S N Subrahmanyan's remarks about a 90-hour work week, explaining that his comment was misinterpreted and not intended to mandate extreme working hours. Muraleedharan emphasizes Subrahmanyan’s supportive leadership and commitment to employee growth, urging understanding of his true intentions.
Infosys has issued an internal memo to its BFSI division, enforcing a return-to-office guideline of three days per week starting April 1 to address delivery and security issues. The memo highlights concerns over team availability, accountability, and mentoring gaps. Managers failing to meet the required ten-day monthly attendance received reminders to adhere to the hybrid work requirements.
Lakshmi Venu, director of TAFE and daughter of CMD Mallika Srinivasan, is appointed vice-chairperson of TAFE. This aligns with the next generation taking leadership roles in TAFE and TVS, where her brother Sudarshan Venu is MD of TVS Holdings and TVS Motor Company. Lakshmi aims to enhance TAFE's growth and success.
The Reserve Bank of India (RBI) may use the cash reserve ratio (CRR) for regulatory intervention instead of liquidity management. The report by SBI suggests the CRR should be a countercyclical liquidity buffer, and a revision of RBI’s liquidity strategy and policy rate framework is needed.
Hindenburg Research, known as a corporate muckraker, is shutting down after completing its investigations. Major cases include the Adani Group and Nikola Corporation.
RBI's recent bulletin emphasizes the importance of foreign exchange interventions for emerging markets like India. These actions help stabilize capital flow volatility, with RBI moderating currency swings through both purchases and sales. This strategy aims to manage volatility and prevent financial risks, as highlighted by Michael Patra and co-authors.
Car sales growth in India slowed to approximately 5% in 2024, the slowest in four years, due to urban market pressures. The industry sold about 43 lakh units, with SUVs making up 54% of sales. High car prices and affordability issues impacted demand. Despite this, Maruti Suzuki achieved its highest-ever annual sales, aided by rural market penetration.