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Hamburg orders 350 electric buses from Daimler for sustainable transit fleet

Hamburger Hochbahn AG has ordered 350 electric buses from Daimler, specifically the Mercedes-Benz eCitaro and eCitaro G models, due to their low total cost of ownership and ease of repair. This contract supports Hamburg's goal of transitioning to a 100% zero-emissions bus fleet by the early 2030s. The eCitaro, awarded the 'Electric Bus Champion' title in 2024, features advanced safety systems and will operate on green electricity.
CleanTechnica
Euro Daimler DEU
Technology & Innovation, Press Release
05:57 28.11.2024

ubs acquitted in appeal of bulgarian cocaine money laundering case

UBS has been acquitted by the Federal Supreme Court in the Bulgarian cocaine trial, following an appeal. The court's decision was influenced by the death of a former employee linked to the case, which prevented further examination of the accusations against the bank. Consequently, UBS's compensatory claim has been canceled.
mattinonline.ch
Swiss Franc UBS Credit Suisse BGR CHE
TradFi, News Article
05:56 28.11.2024

HDFC Bank market cap surpasses 14 lakh crore for the first time

HDFC Bank's market capitalization has surpassed Rs 14 lakh crore for the first time, with shares trading at Rs 1,825.90, up 0.75% in morning trade. The stock has gained 17.94% over the past six months, significantly outperforming the benchmark Sensex, which rose 5.93% in the same period.
Moneycontrol
Indian Rupee HDFC Bank Limited IND
Finance & Economy, Market Report
05:53 28.11.2024

Elon Musk's conflicting views on Tesla vehicle affordability and tax credits

Elon Musk has repeatedly emphasized that Tesla vehicles are too expensive for many potential buyers, despite the company's efforts to cut production costs. He claims that losing the $7,500 tax credit won't impact Tesla's sales, yet this contradicts his statements about the necessity of making cars more affordable for a broader audience. The disparity in Musk's views raises questions about Tesla's strategy in addressing vehicle affordability amidst ongoing production cost challenges.
CleanTechnica
United States Dollar Tesla, Inc. USA Elon Musk Show more
Finance & Economy, Transcript
05:53 28.11.2024

ITC Hotels poised for growth as demerger approaches and shares rise

Jefferies anticipates significant growth for ITC Hotels, with a demerger expected to finalize in the January-March quarter. Currently, ITC Hotels represents about four percent of ITC's sum-of-the-parts valuation, and post-demerger, it is projected to maintain a robust balance sheet with net cash of Rs 1,000-1,500 crore. ITC shares saw a slight increase, trading at Rs 480.05, reflecting a 0.65 percent rise.
Moneycontrol
Indian Rupee ITC Limited IND
Finance & Economy, Market Report
05:47 28.11.2024

Fisher and Paykel Healthcare faces valuation concerns despite strong year-to-date growth

Fisher and Paykel Healthcare's stock has risen 52% year-to-date, despite facing pressure due to a high price-to-earnings (P/E) ratio of 103, which could drop to 60 even with a 40% profit increase. Historically, investors preferred buying at a P/E of 20 to 25, suggesting a hold rating at current valuations. The company has maintained growth post-pandemic through effective cost management, despite shifting market expectations.
IG
Fisher & Paykel Healthcare Corporation Limited NZL Howard Fisher
TradFi, Market Report
05:47 28.11.2024

SpiceJet shares rise after Aircastle withdraws insolvency case amid settlement

SpiceJet shares rose 3% on November 28 after Aircastle withdrew its insolvency case against the airline, following a mutually agreed settlement. This positive development comes after SpiceJet resolved a $23.39 million dispute with Aircastle for $5 million, contributing to a 15% gain in the stock over the past week.
Moneycontrol
United States Dollar Wilmington Trust SP Services Aircastle SpiceJet IND IRL Show more
Finance & Economy, Market Report
05:46 28.11.2024

francesco guerrera appointed head of communications at ubs following marsha askins retirement

Francesco Guerrera, previously Global Economics Editor at Breakingviews, will become the new Head of Communications at UBS, taking over from Marsha Askins, who is retiring. Guerrera will oversee internal and external communications, while John McDonald will handle marketing and branding. Guerrera's transition from journalism to corporate communications marks a significant shift in his career as he prepares to relocate to Zurich for his new role in February 2025.
Tippinpoint.ch
United States Dollar Mastercard Inc CHE Sergio Ermotti Marsha Askins John McDonald Beat Schmid Stefan Seiler Francesco Guerrera Show more
Finance & Economy, News Article
05:46 28.11.2024

Godrej Properties increases QIP size to six thousand crore rupees

Godrej Properties has increased the size of its qualified institutional placement (QIP) to Rs 6,000 crore from the previously announced Rs 4,000 crore. The QIP, aimed at funding the company's growth plans, will open on November 27, 2024, as authorized by the Placement Committee. On November 28, the company's shares were trading at Rs 2,839.65 on the NSE, reflecting a slight increase of 0.20 percent.
Moneycontrol
Indian Rupee Godrej Properties Limited IND
Finance & Economy, Market Report
05:45 28.11.2024

earnings growth expected despite short-term slowdown concerns says asset manager

Vikas Khemani, founder of Carnelian Asset Management, downplays concerns over a slowdown in earnings, predicting a 14-15% growth over the next two years despite potential short-term dips. He notes that the narrative of foreign investors pulling out of India due to economic worries is misleading, as much of the capital reallocation to China has already occurred. Khemani emphasizes the importance of fund managers' strategies in market performance, explaining the shift of capital towards China during its market surge.
Moneycontrol
United States Dollar Carnelian Asset Management IND Vikas Khemani
Finance & Economy, Transcript
05:44 28.11.2024
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