latest Market News

Maruti Suzuki, India’s biggest car manufacturer is looking forward to grow its sales network by 10 percent this financial year which will include dealerships of its light commercial vehicle (LCV) Super carry. "We are continuously increasing our sales network. This fiscal we plan to increase the number of outlets by at least 10 per cent," says Maruti Suzuki India’s senior executive director, Marketing and sales, R S...

  • Posted on : Monday , 7th May 2018
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Volvo is planning to locally manufacture majority of its cars in India in the coming 2 years. Currently they’re assembling 2 of their 7 seater SUV cars in India—XC90 and S90, at the Bangalore plant. However, they’re looking forward to start production of another car in later half of 2018. Volvo is all ready to compete with its German rival—Mercedes, BMW and Audi. XC90 contributes 20% and S90 does 10% in sales. This means...

  • Posted on : Monday , 7th May 2018
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IHH Healthcare Berhad of Malaysia on Thursday made an offer to buy out India’s Fortis Healthcare Ltd which could spark a bidding war between three companies for the rights of Fortis Healthcare. IHH is currently one of largest healthcare providers in Asiaand have entered the race to acquire Fortis with a bid of Rs 160 per share which is an improvement on Manipal Healthcare Enterprise’s initial bid of Rs 155 per share. Fortis were...

  • Posted on : Friday , 4th May 2018
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China has announced today that they have lifted duty fees on 28 medicines imported from India to China. This will come into effect from May 1 and will enable India to export their pharmaceutical products to neighboring nations with greater profit margins. "China has exempted import tariffs (duties) for 28 drugs, including all cancer drugs, from May 1st. Good news for India's pharmaceutical industry and medicine export to China. I believe...

  • Posted on : Friday , 4th May 2018
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India will yet again see a new phone amidst its crowd, with the Vietnamese brand Mobiistar all set to enter the market by the month end. Being one of the top five brands in Vietnam, the company recognizes India as the hub for smartphone sales, with every individual wanting to have a technically and digitally enhanced device in the age of selfies and social media forays. Mr Carl Ngo, CEO of Mobiistar said “Despite it being the biggest...

  • Posted on : Friday , 4th May 2018
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