Most sport utility vehicles in the used car market are quoting at 60-70% of the price of a new one compared to 40-50% for a hatchback or sedan made in the same year and with similar distance covered, due to long waiting periods for new launches and growing aspirational demand.
The finance ministry has asked key infra-related ministries to frontload investments as capital expenditure, barring those by road transport and highways and railways, has been lagging the targets.
Eveready Industries is aiming to more than double its revenue from the lighting and home appliances segment to around 7 bln rupees over the next 3-4 years, says Managing Director Amritanshu Khaitan.
The national drug regulator's decision to allow Sanofi Pasteur India's influenza vaccine, Vaxigrip, for pregnant women signals wider acceptance for flu shots in India, especially with COVID-19 having improved public awareness and general confidence in vaccines.
Zee Entertainment board's decision to allow the Sony Pictures merger with Punit Goenka as MD and CEO even after Invesco Oppenheimer had asked for a board meet to oust him could turn the company's move into a protracted affair.