Tata Motors recently slashed the price of its electric cars Tiago and Nexon by ₹70,000 and ₹1.2 lakh, respectively. Tiago EV now starts at ₹7.99 lakh (ex-showroom), whereas the starting price of Nexon is ₹14.49 lakh. Following the price cuts, Tiago has become the second cheapest electric car in India, just behind MG Comet which starts at ₹6.99 lakh.

Defence stocks have seen a significant uptrend in recent years, bolstered by the government's push for indigenization. Railway stocks, on the other hand, received a major lift from the 2023 Union Budget, which prioritized sectoral spending. Two sectors that have emerged as top wealth creators in the stock market over the last year are defense and railways.

The Asian Development Bank (ADB) made a significant financial move yesterday by pricing a USD 3.5 billion 5-year global bond, aimed at bolstering its ordinary capital resources and advancing its mission across the Asia-Pacific region. Peteghem expressed gratitude for the consistent backing of investors, emphasizing their integral role in advancing ADB's mission.

Prosus-owned payments giant PayU Payments has significantly bolstered its board of directors, appointing five new members in a strategic move that expanded the board's strength to seven on February 29, according to a report by Moneycontrol. This diverse group brings a wealth of experience in finance, law, and business leadership, aiming to provide valuable guidance and support to PayU.

Swedish premium car maker Volvo on Tuesday said it is expecting a faster adoption of Electric Vehicles (EVs) in the luxury car segment within the overall passenger vehicle division in the country. The company further said EVs may account for one-third of its total car sales in India this year. "The EV penetration in the overall passenger vehicle segment is nothing, about 2 per cent"

Powered by government thrust to electronic manufacturing and a China+1 strategy, the domestic industry is expected to witness windfall gains, JM Financial said in a note as the brokerage initiated coverage with a buy rating on four stocks viz. Kaynes Technology, Syrma SGS Technology, Cyient DLM and Avalon Technologies. Kaynes Technology JM initiated coverage on Kaynes Technology with a 'Buy' rate.

APIs, intermediates, and formulations manufacturer Bajaj Healthcare Ltd has announced a significant milestone with the signing of a definitive CDMO (Contract Development and Manufacturing Organization) agreement with esteemed UK/EU-based customers. This agreement involves the supply of 15 Active Pharmaceutical Ingredients (APIs) to be exclusively manufactured for its clientele.

Barriers to enter the paints industry are very high and the reason as to why it is difficult to penetrate is because it's a 'strange' industry wherein the end consumer is not really the decision maker for the brand, says Indigo Paints managing director and chairman Hemant Jalan. Indigo Paints is today the fourth largest paint manufacturer in India, with annual sales of over Rs 1,000 crore.

The Indian ultra-rich allocate 17 percent of their investable wealth towards luxury items, with maximum preference to watches followed by art and jewellery, according to Knight Frank. In a virtual press conference, real estate consultant Knight Frank released 'The Wealth Report 2024', highlighting that 17 per cent of the investable wealth of Indian Ultra-high Net Worth Individuals (UHNWI).

 Platinum Industries IPO continues to pick up momentum on the second day of subscription. Platinum Industries IPO subscription status on day 2 is 13.72 times, at 12:45 IST, as per BSE data. Platinum IPO's retail portion has been subscribed 17.30 times, the NII portion was booked 23.52 times, and Qualified Institutional Buyers (QIBs) portion is booked 10%.

Paytm shares fell 5% to hit its lower circuit at Rs 406.1 in Wednesday's trade as Vijay Shekhar Sharma's resignation as part-time non-executive chairman and board member at Paytm Payments Bank failed to soothe investors' nerves.After two days of 5% upper circuits, the stock closed flat on yesterday's trade.Meanwhile, following the development in the firm, global brokerage firm UBS.

Shares of IT major Wipro declined over 2 percent to Rs 520 per share on February 28 after analysts at Kotak Institutional Equities downgraded Wipro to 'sell' from 'reduce' with a target price of Rs 440 per share following the stock's sharp upmove in the last 3 months. The brokerage firm believes that the company's valuations are expensive.

Prosus-owned PayU Payments has appointed five members to its board of directors. The include former managing director (MD) of Housing Development Finance Corporation Ltd (HDFC) Renu Sud Karnad and former global chief executive officer of PayU group Laurent Le Moal. The PayU Payments board's strength has reached seven with existing members CEO Anirban Mukherjee and Chief Finance Officer Arvind.

Kedaara Capital is set to raise $1.7 billion for what would be India's biggest-ever private equity fund, two people with direct knowledge of the matter said, highlighting huge interest in the country's fast-growing economy amid a shift away from China. The latest fund will be Kedaara's fourth and will be 54% larger than its previous one in 2021.

Mumbai: Stressed telecom operator Vodafone Idea’s (Vi) stock opened lower Wednesday despite its revival plan to raise Rs 45,000 crore, with analysts questioning if the carrier will be able to close the fundraising given its past failures.Vi’s stock opened 0.7% lower and was trading down 1.26% at Rs 15.67 per share in early trade on Wednesday.