Maruti Suzuki India, India’s largest automaker, has announced that it will increase the prices of its cars from April 2023. The news could disappoint anyone planning to buy a Maruti car soon, as popular models such as the Alto, Eeco, Read more
Mahindra in talks to raise $1.3bn for EV unit from global investors, planning to sell shares in its unit valued over $9.1bn in multiple tranches over the next two fiscal years. The move is aimed at accelerating the expansion of its EV capacity as the Indian government targets 30% of total annual car sales to be EVs by 2030.
Shares of Deutsche Bank, Germany’s largest bank, plunged, dropping as much as 8% on Friday. The bank’s troubles are linked to investors’ search for vulnerable financial institutions following the failure of Silicon Valley Bank earlier this month. Credit default swaps, Read more
All people in India must link their Aadhaar cards with their Permanent Account Numbers (PANs) by March 31, 2023, according to a recent order from the Indian Revenue Department. The PAN will stop functioning if this instruction is not followed. Read more