Monday, August 31
Mahindra & Mahindra, India’s top SUV maker, has unveiled the name of its next big launch in the premium SUV segment — the XUV 7XO, positioning it as the successor to XUV700, which has crossed 300,000 owners in just four years. The new model promises to build on the XUV700’s game-changing legacy with upgraded features and design.The company has scheduled the world premiere of the SUV on January 5, 2026.Crafted to inspire and engineered to excite, it combines the proven strengths of the XUV700 with superior design, technology, comfort and performance — delivering an SUV that's not just evolved, but truly extraordinary, said the auto major in a press release. “Designed to reinforce Mahindra’s leadership in the premium SUV space, the XUV 7XO is set to lead the way again for the
ET Intelligence Group: Corona Remedies, a pharma company, plans to raise Rs 655.4 crore through an offer for sale. The promoter group's stake will fall to 69% after the IPO from 72.5%. The company focuses on the specialist doctors, driving revenue growth faster than the Indian pharmaceutical market (IPM). Specialists accounted for 75.8% of the company's prescriptions compared with 61% for the sector. The company has been focussing on the Indian market, which reduces the tariff related and geopolitical risks. However, its EBITDA margin is lower compared with its peers. Given these factors, investors with high-risk appetite can consider the IPO with a long-term view. Business Incorporated in 2004, Corona Remedies is engaged in developing, manufacturing and marketing pharma products. Accordin
NEW DELHI: The civil aviation regulator may ask IndiGo to cut flight frequencies till February, as the airline battles to resolve a severe pilot shortage that crippled its network, forcing the cancellation of more than 5,000 flights so far in December.IndiGo, which operated about 2,300 flights per day till the crisis struck, could be directed to reduce 300 flights per day for the winter schedule, said people aware of the developments. The winter season runs from the last Sunday of every October till the last Sunday of March. The Centre has, meanwhile, asked Air India and other airlines to add flights and cater to the demand spill that will follow IndiGo’s reduction. Senior IndiGo officials have been summoned by the Directorate General of Civil Aviation (DGCA) on Monday. More Pilots Likel
Analysts expect the uptrend in Nifty to continue as long as key support zones are respected, even as the index moves through a consolidation phase near record highs. A breakout above the upper range could extend the rally towards 26,500–26,800, while dips are still seen as buying opportunities rather than weakness. Among stocks, IndusInd Bank and PB Fintech are the common favourites.SAMEET CHAVAN HEAD RESEARCH –TECHNICAL & DERIVATIVES AT ANGEL ONEWhere is Nifty headed? With so many failed attempts around all-time highs, the recent price action in Nifty has certainly caught so many momentum traders on the wrong foot. The moment we approach the 25,800–25,700 zone, the buying tends to emerge suddenly, and, on the flipside, sellers are not willing to give up around 26,300–26,300. W
Mumbai: Investors could allocate a large portion of their fixed-income portfolios to accrual strategies-an approach that aims to earn returns from interest receipts rather than capital gains-in the wake of the Reserve Bank of India's dovish outlook for interest rates. Fund managers said that with the 25-basis-point rate cut on Friday, taking the total rate cut tally to 125 basis points this calendar year, investors may need to lower return expectations, as the scope for capital appreciation has diminished. "Investors should continue to focus on investing in portfolios positioned at the short end of the curve running accrual strategies such as low duration, money market, and liquid over the next 2-3 months," says Dhawal Dalal, chief investment officer, Edelweiss Mutual Fund. Investors with
Thailand’s Civil Aviation Board has approved a 53% increase in the passenger service charge, commonly known as the airport tax, for international flights. According to a report by Bangkok Post, the new fee will rise from 730 baht to 1,120 baht, Transport Minister Phiphat Ratchakitprakarn said. The hike is expected to take effect early next year. The passenger service charge is included in ticket prices at the time of purchase. Domestic flights will not see a change, with the fee remaining at 130 baht. Airports of Thailand Plc (AOT), which operates six major airports including Suvarnabhumi, Don Mueang, Phuket, Chiang Mai, Hat Yai, and Chiang Rai, applied for the increase. AOT expects the higher fee to generate around 10 billion baht in additional annual revenue, based on an average of 35
