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₹8,000-9,000," said Tarun Garg, chief operating officer (COO), Hyundai Motors India, told Mint. Hyundai's strategy to grab an edge back from the competition involves a three-pronged strategy: make advanced safety features such as ADAS (advanced driver assistance system) available as an optional feature in more of its current line-up of products (from 38% at present to 60% by 2024 and eventually 100% of its model range), make active safety features such as ESC (Electronic Stability Control) with VSM (Vehicle Stability Management) available in one or more trims across all models, and make basic passive safety equipment like six airbags for passenger and driver, three-point seatbelt and seat belt reminders standard across all models. "We enhanced our ADAS offering from a single model (Tuscon) to five models, including the Exter, in just one year, The response has been very good.

On Friday this column noted concern among Democrats that Joe Biden insists on talking about “Bidenomics" even as Americans remain upset about his degradation of our money. Now one of the president’s allies has expanded his friendly critique into a full-blown 2024 Democratic campaign strategy: Instead of talking about the president, attack people who aren’t the president. “Biden should stop focusing on the economy" reads an MSNBC headline over a story from former Jill Biden press secretary Michael LaRosa.

tourism sector, Bhutan has planned to reduce the 'expensive' airfares to lower the price for visitors travelling to the country, Bhutan Live reported. According to country's Finance Minister, this step would result in uptick of travellers to the country and increase the number of visitors that visit the nation, as the «expensive» airfare frequently discourages travellers from travelling to Bhutan. Moreover, the government has put in place a number of incentives, such as lowering the Sustainable Development Fee (SDF) from USD200 to USD100 per person, each night. Other plans, include permitting low-cost hotels to accommodate tourists and creating other long-stay incentive programmes. The government is currently taking action to encourage travellers by considering price reductions. “The government is planning with Drukair Corporation and Bhutan Airlines to reduce the airfare for the tourists.

International Holding Co (IHC) on Tuesday said that it has increased its stake in Adani Enterprises to above 5%. “This strategic increase reflects IHC's conviction in the world-leading incubation model of AEL and we believe that the inherent strength of Airports, Data Centers, Green Hydrogen, and various other verticals being incubated under AEL and that AEL is poised to uniquely capitalise on India’s robust growth journey,” the company said in a statement. IHC continues to explore unique investment opportunities in India with the goal to maximise stakeholders’ return. As of June end, IHC, through its subsidiary Green Enterprises Investment Holding Rsc Ltd, held a 3.53% stake in Adani Enterprises. While IHC increased its stake in the Adani Group’s flagship company, the company, last week, announced plans to sell its stakes in two other group firms – Adani Green Energy and Adani Energy Solutions. IHC’s decision to sell off the stake in the two Adani firms is part of the company’s plan to rebalance its overall portfolio strategy. As of June end, IHC through its arm Green Transmission Investment Holding held a 1.4% stake in Adani Energy Solutions. Green Energy Investment Holding held a 1.3% stake in Adani Green Energy. In 2022, IHC invested close to $2 billion in three Adani Group firms — Adani Green Energy, Adani Energy Solutions, and Adani Enterprises.

Vaibhav Jewellers, even though in line with expectations, disappointed investors. The stock debuted at Rs 213.5 per share, compared with its IPO price of Rs 215. Analysts were mixed on the post listing strategy for investors. While some recommended investors to exit their positions, others advised to hold the stock for the long term. “The muted listing could be due to a number of factors, including the high IPO price, the company's relatively small size, and the competitive jewelry market," said Shivani Nyati, Head of Wealth, Swastika Investmart, while recommending an exit position. The IPO of Vaibhav Jewellers barely scraped through on the last day of the bidding process.

Anil Agarwal’s Vedanta Group is demerging the natural-resources conglomerate Vedanta Ltd (Vedl), which is listed in India, into six separate companies. The group has said it aims to complete the reorganisation by September 2025 and list at least five of the new entities by March 25. Since the group also controls Hindustan Zinc its share price is sure to be affected, too.

By Jody Godoy and Luc Cohen

Gas producers warn the Albanese government is ignoring major Asian trading partners’ increasing demand for LNG, with a discussion paper that makes reducing demand faster than supply will fall the centrepiece of its strategy during the energy transition.

UAW President Shawn Fain has transformed the rituals of contract talks with General Motors, Ford and Chrysler parent Stellantis into a high-stakes, made-for-media game. The automakers will look for clues on how to survive in the agreement the union reached on Sunday with Volvo Group-owned Mack Trucks. For now, the union appears to be in control, although there is pain on both sides.

₹15,000 crore for various projects, including the airport. "As part of its diversification strategy and funding for infrastructure projects, PFC sanctioned its maiden financing for a Greenfield Airport project in Andhra Pradesh," it said.

Computershare, the provider of share registry and employee share plan services, is selling its troublesome mortgage services business in the US to asset manager Rithm Capital for $US720 million ($1.13 billion).

Vedanta to outperform rating, Nuvama upgraded it to hold. Kotak Institutional Equities, however, remains a bear on the stock with a sell rating.

Global investment bank JPMorgan’s decision to include Indian government bonds into its emerging market bond index is expected to be a game changer for the bond market, and a spillover effect will be seen in debt mutual funds as well. The inclusion in the bond index will channel global passive debt flows in India, as passive funds, by nature, are longer term, says Avnish Jain, head-fixed income, Canara Robeco Mutual Fund. Expectations of large FII inflows due to the bond inclusion and rate hike cycle peaking in both local and global markets should start attracting inflows into debt funds, Jain said. In an interview with ETMarkets, Jain highlighted the significance of the bond inclusion, the inflows outlook, and the asset allocation strategy for debt fund investors. Edited excerpts: Let’s begin with the hot topic today. What changes for India’s bond market with the JPMorgan bond index inclusion? The inclusion in the JPMorgan bond index is a game changer for the Indian government bond (IGBs) markets. While FII investments have been allowed in IGBs for a long time, they were more active and selective in nature, depending on the overall macroeconomic situation as well as relative attractiveness of the Indian debt market within the EM space. The inclusion in the bond index will channel global passive debt flows in India. Passive funds, by nature, are longer term and generally fluctuate only in case of change in weightage in the index.

With former FTX boss Sam Bankman Fried's (SBF)’s first day in court fast approaching, experts say his paths to acquittal are looking quite scant. 

corporate executives have triggered sharp sell-offs in shares of these companies. On Friday, Navin Fluorine, a chemical company plummeted by as much as 15%, marking its most significant single-day decline in eight years, following the sudden resignation of its CEO.

VanEck's Ethereum Strategy Fund (EFUT) is set for listing on the Chicago Board Options Exchange (CBOE), according to an announcement on its website.

Most financial advisors base investment decisions on home office models, with new data showing that the profession continues to move more toward planning and customer service.

Endeavour has tasked Citi and Jarden with advising it on what is turning into a difficult dispute with dissident shareholder Bruce Mathieson and the man he is backing for a spot on the board, ex-Myer chairman Bill Wavish.

Goldman Sachs has named Aaron Lamshed as its head of equity capital markets in Australia and New Zealand, as Ian Taylor swaps investment banking for a C-suite role at his client APM Human Services.

When it comes to the different risks that surround retirement planning, advisors tend to focus on market risk. However, there are two more that shouldn’t be ignored: longevity risk and sequence of return risks.

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