Thursday, October 15
Two-wheeler maker Honda Motorcycle and Scooter India (HMSI) on Thursday said it will set up a fourth production line at its Vithalapur (Gujarat) plant with a capacity to produce 6.50 lakh units annually at an investment of Rs 920 crore. The additional production line, which will be operational in 2027, will bring the total capacity of the Gujarat plant to 2.61 million units, making it Honda's largest assembly plant for Honda motorcycles in the world, the company said. HMSI currently has four production plants in India with a total annual production capacity of 6.14 million units. "Honda has long been investing and expanding its production capacity in India. HMSI has reached the milestone of 70 million units of cumulative production, (since the start of production in 2001). With the additio
Mumbai: Groww, India's largest broker in active clients, is set to increase its fees by 150% for low-ticket transactions as the profitability of discount broking firms has come under pressure in the face of tighter regulations.The firm, in a communication to clients, said it will hike the minimum equity brokerage charges to ₹5 per order from ₹2, for equity trades from June 21. The move is expected to increase the trading costs of smaller transactions. The IPO-bound firm with about 13 million active clients will charge brokerage fees in the range of ₹5 to ₹20 per trade against ₹2 to ₹20, currently. 121326491Other larger brokers, like Angel One, also had increased their brokerage charges from 0 to ₹20 on equity trades late last year, after the Securities and Exchange Board o
Korean smartphone major Samsung has started manufacturing its slimmest smartphone Galaxy S25 Edge in India, the company said on Thursday. The company launched Galaxy S25 Edge in global markets, including India, on May 13. "Galaxy S25 Edge is for users, who are looking for a slim and easy-to-carry phone that's also high on performance. It comes with all Galaxy AI features, including multimodal AI, that allow users to interact with the device in real-time through vision and voice. Galaxy S25 Edge is being manufactured at the Noida factory in India," a Samsung spokesperson told PTI. Built on the Qualcomm AI chipset Snapdragon 8 Elite Mobile Platform, the device has been priced in the range of 1.09 lakh to Rs 1.22 lakh apiece. According to market research and analysis firm Counterpoint Researc
Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian central bank are benefiting companies.The flagship of billionaire Kumar Mangalam Birla plans to raise as much as 10 billion rupees ($117 million) selling a bond due in five years, according to people familiar with the matter. The note carries a coupon of 6.56%, they said, asking not to be identified as the information is private.The Reserve Bank of India’s aggressive cash injections and two rate cuts have sparked a bond rally, driving yields on the top-rated three- and five-year corporate debt to their lowest levels since 2022. The ability to borrow at lower rates also shows the effective transmission of the central bank’s action
