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UBS Group has acquired shares in 29 companies, including Fortis Healthcare, Max Financial Services, Reliance Industries, Blue Star, and Hyundai Motor India, for a total of Rs 1,938 crore through open market transactions. Notable purchases include Rs 164 crore in Fortis Healthcare and Rs 144 crore in Max Financial Services. Following the acquisitions, shares of Fortis Healthcare, Blue Star, and Reliance Industries experienced declines on the National Stock Exchange.
Hyundai Motor India has established two renewable energy plants and aims to achieve 100% green power by 2025, currently sourcing 63% of its energy from renewables as of June 2024. The company will invest Rs 38 crore in a special purpose vehicle, holding a 26% stake, to ensure a 25-year renewable energy supply. This collaboration with FPEL is set to help HMIL meet the RE100 benchmark ahead of other Indian car manufacturers.
Uday Kotak, founder of Kotak Mahindra Bank, expresses skepticism about bitcoin, echoing RBI Governor Das' concerns over its risks to financial stability. Meanwhile, Indian stocks have seen a decline, with the Nifty 50 down 2.54% this week, while the 10-year government bond yield rises to 6.854%. Experts highlight India's wealth gap, driven by unequal education access, and call for increased investment in primary education and job creation to address labor market challenges. Despite a recent surge in FDI, concerns remain about sustaining growth and reducing inequality.
The global automotive market, valued at $2800 billion in 2021, is projected to grow at a CAGR of 5.0% from 2022 to 2030, driven by rising disposable incomes, technological advancements, and increasing demand for electric and autonomous vehicles. The Asia-Pacific region is expected to lead this growth, supported by government investments and incentives for electric vehicle adoption. Major players include General Motors, Maruti Suzuki, and Volkswagen, with ongoing mergers and innovations shaping the industry landscape.
Hyundai Motor India Ltd reported a decline in Q2FY25 performance compared to the previous year, falling short of market expectations due to various challenges in both domestic and key export markets. Despite maintaining operating margins, the company faces headwinds, though medium-term outlook remains positive with reasonable valuations. Investors are advised to accumulate the stock for long-term growth.
Swiggy Ltd. is set to begin trading in Mumbai, marking a significant moment for India's quick-commerce sector. The food-delivery company's $1.3 billion share sale was oversubscribed more than three times, making it the second largest IPO in the nation this year, following Hyundai Motor India Ltd.'s record $3.3 billion listing.
Hyundai Motor India Ltd. reported a 16% decline in net profit for the quarter ending September 30, following its recent IPO. The company posted a net income of 13.4 billion rupees ($159 million), reflecting the impact of a broader slowdown in consumer demand across the country.
HYUNDAI MOTOR INDIA LTD
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs group invests rs 1938 crore in 29 companies including reliance and fortis
Indian Rupee
UBS Group AG
One97 Communications Limited
Fortis Healthcare Limited
Max Financial Services Limited
Reliance Industries Ltd
HYUNDAI MOTOR INDIA LTD
Tata Consultancy Services Limited
Blue Star Global, Inc.
Zomato Limited
IND
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23:34 24.01.2025
Hyundai Motor India targets 100 percent renewable energy by 2025
03:12 22.11.2024
india's wealth gap deepens amid education and healthcare challenges
HYUNDAI MOTOR INDIA LTD
Kotak Mahindra Bank Limited
Swiggy
IND
Narendra Modi
Uday Kotak
Hiren Ved
Shaktikanta Das
Shumita Deveshwar
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07:48 15.11.2024
global automotive market poised for growth driven by technology and consumer demand
Chinese Yuan
Indian Rupee
United States Dollar
Maruti Suzuki India Limited
Tata Motors Limited
MG Motor India Pvt. Ltd
HYUNDAI MOTOR INDIA LTD
Mahindra & Mahindra Limited
Honda Car India
Mercedes-Benz India Pvt Ltd
IDN
IND
CHN
Maruti Suzuki India Limited
MG Motor India Pvt. Ltd
Tata Motors
Hyundai Motor India.
Mahindra&Mahindra Ltd.
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22:21 13.11.2024
Hyundai reports Q2FY25 earnings decline amid market challenges and reasonable valuations
08:30 13.11.2024
swiggy shares debut in mumbai amid strong investor interest in quick commerce
02:30 13.11.2024
hyundai india reports 16 percent drop in quarterly net profit
10:13 12.11.2024
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