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CEAT Ltd is seeking to strengthen its play in the premium ultra-high performance and luxury four-wheeler segment that is expected to significantly grow in the next three to five years, company MD and CEO Arnab Banerjee said on Wednesday. The company, which launched three new products ZR-rated, CALM Technology and Run-Flat tyres, is preparing itself to address an emerging trend in the premium 17-inch plus tyre segment, he told PTI. «The saliency of this segment is about 8-10 per cent today in the aftermarket and it is going to grow much faster than the rest of the market. It could be as high as 25-30 per cent in three to five years time,» Banerjee said. The launch of ZR-rated tyres, CALM Technology and Run-Flat tyres, strengthens CEAT's position as a premium, technology-driven brand, he added.

Subscribe to enjoy similar stories. Bengaluru: US-based Prologis Inc., the world’s largest owner of warehouses, plans to invest around $500 million in India by 2026 to build a large portfolio of warehousing parks in the country. The company could double its investment in India in the 5-7 years following the initial $500 million outlay, chief investment officer Joseph Ghazal said in an interview.

Uber saw its operating revenue in India grow by 41% for the fiscal year ending March 31, 2024, reaching Rs 3,762 crore, up from Rs 2,666 crore in FY23, as it managed to reduce its losses, driven by improvement in its ride-hailing services and growth in its support and service operations. In FY24 the San Francisco-based Uber Inc’s India unit significantly narrowed its losses by 71%, bringing it down to Rs 89 crore from Rs 311 crore in FY23, according to the company’s regulatory filings sourced from business intelligence platform Tofler. Over the past five to six years, Uber has been doubling down on its focus on the mobility segment. In FY24, its ride-hailing revenue in India surged by 19% to Rs 806 crore, up from Rs 678 crore the previous year. Additionally, revenue from support services grew to Rs 2,936 crore, compared to Rs 1,977 crore in the previous year.

defence stocks attracted strong investor interest, with gains of up to 19%. Garden Reach Shipbuilders & Engineers led the rally, followed by Ideaforge Technology, Mazagon Dock Shipbuilders, Bharat Dynamics, and Cochin Shipyard, which saw gains ranging from 8% to 14%. There were no losers in the 16-stock Nifty India Defence Index which was 5% higher today.

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BEIJING — Among the top five priorities China has laid out for boosting consumption is child care subsidies.

Subscribe to enjoy similar stories. Since the covid-19 pandemic, India’s healthcare sector has been having a dream run. Buoyed by an aging demographic with rising incomes, along with improving penetration of medical insurance and medical tourism, the Nifty Healthcare Index has outperformed the broader market by recording a 25% compound annual growth rate (CAGR) in the last five years.

One Mobikwik Systems, the parent company of digital payments provider MobiKwik, jumped 19% on Wednesday, March 19, to Rs 355 on the BSE, building on a 20% rally from the previous day when the stock hit the upper circuit. The gains come after a sharp 15% decline on March 17, when the stock hit a 52-week low of Rs 231 following the expiration of a three-month IPO lock-in period. The stock has gained 43% over the past two trading sessions, erasing its losses from earlier in the week. The expiry of the lock-in period on March 17 unlocked 46 lakh shares, or about 6% of the company's outstanding stock, making them eligible for trading.

Tata Steel climbed up to 3% to Rs 159.25 on the BSE on Wednesday, driven by a broader steel sector rally. Brokerage Emkay Global said the stock is at a “point of inflection,” citing improving prospects across multiple fronts. The brokerage highlighted volume growth, a potential turnaround in its European operations, and attractive valuations as key factors supporting its bullish view. Emkay retained a ‘Buy’ rating on the stock.

Hindu festival celebrated on Phalguna Krishna Paksha Panchami, the fifth day of the waning phase of the Hindu month of Phalguna. This day comes five days after Holi and is celebrated with joy and the tradition of smearing coloured powder, much like Holi. Rang Panchami is celebrated in Maharashtra, Madhya Pradesh, and some regions of North India.

Bajaj Auto will be in focus on Wednesday after the company’s board extended the appointment of Rajivnayan Rahulkumar Bajaj as the Managing Director & Chief Executive Officer for a further five years, starting April 1. They have also sanctioned an infusion of up to Rs 1,500 crore into the company's subsidiary, Bajaj Auto Credit, to be made in one or more tranches. The company informed on Tuesday that the current five-year term of appointment of Rajivnayan Rahulkumar Bajaj as the Managing Director & Chief Executive Officer of the Company is expiring on 31 March 2025. And, based on the recommendation of the nomination & remuneration committee, the Board of Directors has approved his re-appointment for another term of five consecutive years with effect from 1 April 2025.

Adani Green Energy shares will be in focus on Wednesday after five fundamental rights petitions against its wind energy projects in northeastern Sri Lanka were withdrawn. The petitions were withdrawn after the Attorney General filed a motion following Adani Green Energy's decision to cancel its wind energy projects and notify the Board of Investment.

Alphabet, stand to reap returns as high as 200 times for seed investors, among them Sequoia Capital, Cyberstarts and Index Ventures. The $32 billion all-cash Wiz deal on Tuesday marked a major win for about 25 firms on Wiz's cap table, according to PitchBook, a rarity in the past few years as high interest rates and tight antitrust scrutiny reduced exit events. Among the investors, the biggest beneficiaries are those that put money into Wiz early and continued to invest over the years. Their success demonstrated the power law in venture capital when a small number of investments generate the majority of returns.

trade for investors while China is a tactical trade. However, to maintain this investor confidence and accelerate its economic trajectory, it may be argued that India needs to undertake key reforms rather than rely on external factors.

Gold has been on a relentless upward trajectory, and it is believed the highly anticipated Rs 1 lakh per 10 grams mark may not be too far off. With central banks continuing to accumulate gold, geopolitical risks persisting, and inflation concerns lingering, the gold rally shows no signs of stopping. Anuj Gupta, Head of Commodities & Currencies at HDFC Securities, remains optimistic about gold’s continued rally, citing strong demand, global uncertainty, and central bank purchases as key drivers.

Imagine realizing in March that you owe additional taxes—plus interest—because you missed your advance tax payments. For many salaried individuals earning extra income from fixed deposits, stocks, or rental properties, this is a costly oversight. 

Trump administration in court filings has for the first time acknowledged that it fired nearly 25,000 recently hired workers, and said agencies were working to bring all of them back after a judge ruled that their terminations were likely illegal. The filings made in Baltimore, Maryland, federal court late Monday include statements from officials at 18 agencies, all of whom said the reinstated probationary workers were being placed on administrative leave at least temporarily. The mass firings, part of President Donald Trump's broader purge of the federal workforce, were widely reported, but the court filings are the first full accounting of the terminations by the administration. Most of the agencies said they had fired a few hundred workers. The Treasury Department terminated about 7,600 people, the Department of Agriculture about 5,700 and the Department of Health and Human Services more than 3,200, according to the filings. U.S. District Judge James Bredar on March 13 said the mass firings of probationary workers that began last month violated regulations governing the mass layoffs of federal employees, and ordered them to be reinstated pending further litigation.

On Tuesday, gold hits USD 3,005.00 per ounce in the United States (US). Gold's recent rally has been remarkable, with prices surging from USD 2,500 to USD 3,000 in just 210 days. This is a much faster increase compared to historical trends, where it has typically taken an average of 1,700 days for gold to rise in USD 500 increments. The speed of this latest price movement highlights the strong momentum gold has built over the past two years, driven by a combination of market fundamentals and investor sentiment. Market analysts caution that, despite gold's strong upward momentum, a period of consolidation is likely. Historically, gold has remained above previous USD 500 increments for an average of nine days before experiencing a brief pullback. However, in four out of five instances, gold rebounded above the same level within a few days.

anti-dumping duty from $619 to $873 per metric tonne (MT) on aluminium foil imports from China. A gazette notification dated March 17 said the duty will be applicable on aluminium foil up to 80 micron, excluding aluminium foil below 5.5 micron for non-capacitor application. These developments come in the backdrop of United States (US) levying reciprocal tariffs. In addition to these, the US implemented a 25% tariff on all steel and aluminium imports last week. Domestic steel and aluminium producers fear that more Chinese products will make their way to India, putting pressure on margins. India’s provisional anti-dumping duty imposed under this notification shall be effective for six months and shall be payable in Indian currency, the notification said. This duty follows preliminary findings of Directorate General of Trade Remedies (DGTR) which concluded that the domestic industry has suffered material injury on account of the goods being exported to India from China. The order lists multiple China headquartered companies that were exporting to India at a price below the normal value, resulting in dumping. Those mentioned include Henan Mingtai technology development Co. Ltd., Henan Mingsheng New Material Technology Co. Ltd., Sunho New Materials Technology Co. Ltd., Shanghai Sunho Aluminium Foil Co. Ltd., Jiangsu Dingsheng New Materials Joint-Stock Co. Ltd., Inner Mongolia Lian Shen New Energy Co. Ltd., and Hangzhou Five Star Aluminium Co. Ltd.

global markets, hit by a wave of economic and geopolitical challenges, including a reset of tariffs by US President Donald Trump. In a world where every other prediction seems gloomy, Warren Buffett, whose net worth surged by $21 billion this year — saw the biggest gain among all the 500 billionaires tracked by the Bloomberg index. Buffett's resilience is even more striking when we consider the fact that only 4 of the top 15 billionaires managed to grow their wealth this year. This was possible due to a strong surge of Berkshire Hathaway's stock price, currently trading near record highs.

VHP on Tuesday condemned the violence in Maharashtra's Nagpur over a demand to remove Mughal emperor Aurangzeb's tomb in Chhatrapati Sambhajinagar and sought «strictest action» against those involved. At least 45 people have been arrested in connection with the violence that erupted on Monday, Nagpur district guardian minister Chandrashekhar Bawankule said on Tuesday. As many as 34 police personnel and five other persons suffered injuries in the incident, he added. Condemning the incident, Vishva Hindu Parishad (VHP) general secretary (organisation) Milind Parande alleged that «a section» of a particular community carried out attacks and arson. «Houses of our youth wing Bajrang Dal workers were attacked, they targeted many houses… The Vishva Hindu Parishad condemns all this in the strongest terms,» he said in a statement. «It is extremely shameful that, on one hand, a lie was spread that the Hindu community had burnt the verses… on the other hand, a despicable attempt was made to incite violence. Strictest action should be taken against all such anti-social elements,» he added. The senior VHP functionary said glorification of Aurangzeb's tomb in Chhatrapati Sambhajinagar should be stopped and no thought given to improve it.