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The Economic Times

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Twenty Two Motors aims to sell 50,000 electric scooters after its launch

Gurgaon-based electric vehicle startup showcased its electric scooter named ‘Flow’ to be launched in the Auto Expo 2018, aims to sell 50,000 units in the first year. “We are confident. The charging anxiety is not there can remove the scooter battery and charge out from 5 Ampere socket. The scooter goes up to 80 km on a single charge have to charge only twice or thrice in a month," said Kharb, Co-Founder & CEO

Torrent to acquire Unichem’s India, Nepal businesses for Rs 3,600 crore

Torrent's fifth acquisition in India after acquiring the selected brands of Elder and Novartis, as well as manufacturing plants from ZygPharma and Glochem Industries Ltd. in the last four years. Unichem's India business comprises of a portfolio of more than 120 brands in India and Nepal, manufacturing plant at Sikkim catering to these markets and all the employees engaged in the said business.

SBI extends Rs 2317 crore for 43 solar power projects

The seven companies include Adani Group, JSW Energy, Hinduja Renewables, Tata Renewables Energy, Azure Power. Cleantech Solar and Hero Solar Energy. The bank has outstanding loan of Rs 12000 crore to solar energy projects and bad loans are negligible in this sector. Aggregate capacity of 475 mw by availing a line of credit from World Bank. Rajnish kumar chairman.

Inflation is likely to increase for the coming months

Policy changes and rising prices of crude oil and certain raw materials are likely to push up consumer prices next month. Prices of ACs, fridge, washing machine, air fare, food and fuel may go up in November. Airlines are looking at 10-15% hike due to sharp increase in aviation turbine fuel (ATF) prices every month since August. The price of steel has since increased by 40% and that of...

Vodafone launches Rs 177 and Rs 496 offers for new customers to counter Jio

Customers who join Vodafone will get unlimited local & STD calls, free national roaming (outgoing & incoming) and 1GB data per day for the first recharge of Rs 496 for 84 days. In another offer, a new customer will get unlimited local & STD calls and 1GB data for 28 days for Rs 177. Vodafone has announced a short-duration plan that offers unlimited calling and 500 MB data at about Rs 69 with 7 days of validity.

India becomes Honda’s No.1 market in Asia Oceania region

India has become the largest market in terms of retail sales for Japanese auto major Honda in the Asia Oceania region in the first half of this fiscal."We have grown 22 per cent in the first half of this fiscal and in terms of volumes (retail sales) we have become the number one market for Honda in Asia Oceania region," Honda Cars India Ltd (HCIL) President and CEO Yoichiro...

Bank recapitalisation plan to push GDP growth to 7% in FY19: Report

Recapitalisation plan for public sector banks to increase credit growth to 15 per cent and GDP numbers to 7 per cent in the next fiscal, says a report. "We expect 15 per cent EPS growth for Sensex target of 32,300 " it added. Growth at banking system was estimated to be 8 per cent in 2018-19.Credit system is expected to grow to 12-15 per cent during the time period under review.