In an era dominated by SUVs, Maruti's WagonR emerged as the highest-selling model in FY25 with sales of 1.98 lakh units, slightly ahead of Tata Punch. Despite the growing preference for SUVs, Maruti continues to see significant demand for hatchbacks, with WagonR and Swift performing strongly.
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Kerala recorded the highest inflation rate at 7.3% in February, while Telangana had the lowest at 1.3%. The overall retail inflation slowed to 3.6%, driven by lower food prices. Thirteen out of twenty-two states had inflation rates below the Reserve Bank of India's target of 4%, according to data from the National Statistical Office.
The US economy ended 2024 with a solid performance driven by strong consumer spending and government support resulting in a 2.8% growth for the year. Despite inflation pressures and a slight dip in business investment, the overall economic outlook remains positive as President Donald Trump takes office in 2025.
Standard Glass Lining Technology Ltd has set a price band of Rs 133-140 per share for its Rs 410.05 crore IPO, opening on January 6, 2025. The IPO includes a fresh issue worth Rs 210 crore and an OFS of 1.43 crore shares. Proceeds will primarily be used for debt repayment, subsidiary investment, and strategic acquisitions.
Dr. Reddy's Laboratories has refuted media reports alleging a 25% reduction in workforce costs. The Hyderabad-based pharmaceutical giant dismissed claims of layoffs targeting high-earning employees and voluntary retirement offers for older staff, particularly in R&D.
Adani Group is officially withdrawing from a $442 million wind power project in Sri Lanka after the government attempted to renegotiate the agreement for better energy rates.
Vivo India and Dixon Technologies are forming a joint venture for contract manufacturing electronics, including smartphones. Dixon will hold a 51% stake. The partnership aims to boost local manufacturing and Vivo's presence in India, with the JV handling some of Vivo's OEM orders and potentially those of other brands.
Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman is urged by EY to raise the basic income tax exemption limit from Rs 3 lakh to Rs 5 lakh and lower tax rates in the upcoming Budget 2025.
Car companies like Tata Motors, Maruti Suzuki, Mahindra & Mahindra, and JSW MG are preparing extensive charging infrastructures to support their electric vehicles. These initiatives include home chargers and robust public networks, with Maruti targeting charging stations in 1,000 cities and Tata expanding collaborations with charge point operators to install over 10,000 public chargers.
India is likely to witness a $50 billion consumption and savings boost due to the wage revision for central government employees and pensioners in January 2026. Around 3.1 crore people are expected to benefit, with UBS predicting the hike to have a stable impact on India's fiscal position, favoring savings over consumption.
Nithin Kamath stressed the importance of risk management for traders. He shared insights from successful traders, focusing on principles like reducing positions during drawdowns and cutting losers early. Kamath also highlighted common trading mistakes such as over-trading. His reflections underline how a clear system can help manage stress and reduce errors in challenging market conditions.