Stepping up the competition in the electric vehicle (EV) market, JSW MG Motor on Wednesday launched its electric crossover sport utility vehicle (SUV) Windsor with a new and ‘aggressive’ pricing model, an assured buyback plan, a lifetime battery warranty, and free public charging for one year. Under this new battery-as-a-service (BaaS) pricing model, customers can purchase the Windsor at a starting price of Rs 9.99 lakh (ex-showroom) and then pay a battery usage fee of Rs 3.5 per kilometre (km).
Posts tagged Rediff
With Veero M and M aims to expand LCV portfolio (19-09-2024)
Priced at Rs 7.99 lakh for the entry-level product, M and M has launched the diesel and CNG variants of Veero, and an electric version will come in the future.
Sensex, Nifty hit record highs; banks lead gains (19-09-2024)
From the 30 Sensex firms, NTPC, Nestle, Titan, Kotak Mahindra Bank, Maruti, Hindustan Unilever, Bharti Airtel and HDFC Bank were the biggest gainers. HCL Technologies, Tata Consultancy Services, Adani Ports, Larsen and Toubro, JSW Steel, State Bank of India, Tech Mahindra and Bajaj Finance were among the laggards from the pack.
Why Mutual Fund Inflows Have Surged (19-09-2024)
Largecap, flexicap, and balanced advantage funds together recorded a net inflow of Rs 9,363 crore in August, representing a 70% increase from the previous month’s total.
Ordering Food Online? Read This (19-09-2024)
There’s an average aggregator premium of Rs 46 per dish (in hidden costs) compared to delivery orders placed on restaurants’ own channels. Conservatively, this translates into an additional annual financial burden of at least Rs 12,000 for the average Indian household in major metro/Tier-I cities.
Net direct tax mop up rises 16% to Rs 9.95 lakh cr (18-09-2024)
Net direct tax collection grew 16.12 per cent to over Rs 9.95 lakh crore so far this fiscal on higher advance tax mop up. Refunds worth over Rs 2.05 lakh crore were issued, a 56.49 per cent jump over the same period last fiscal. The net personal income tax (PIT) collection grew 19 per cent to Rs 5.15 lakh crore between April 1 and September 17.
Zomato gets GST demand, penalty order of Rs 17.7 cr (18-09-2024)
Online food delivery aggregator Zomato on Wednesday said it has received a GST demand order along with interest and penalty amounting to Rs 17.7 crore from the Assistant Commissioner of Revenue, West Bengal. The demand order, received by the company on Tuesday, is with respect to non- payment of GST on delivery charges and interest, penalty thereon.
Tamil Nadu’s EV ecosystem expands in 2024 (18-09-2024)
Tamil Nadu — often dubbed as India’s own Detroit due to its thriving automobile manufacturing ecosystem — is in no mood to miss the EV bus either. Recent developments attest to it. Vietnamese electric vehicle (EV) maker VinFast has promised a $2 billion plant in the southern state. And as promised earlier, the work on Tata Motors-JLR plant will kick off next week, on September 28, after the foundation stone laying ceremony.
RInfra cuts standalone debt by 87%; shares surge 20% (18-09-2024)
Anil Ambani’s Reliance Infrastructure Ltd has slashed its standalone debt by 87 per cent to Rs 475 crore after it cleared outstanding dues of Life Insurance Corporation of India, ICICI Bank and other lenders, the firm said on Wednesday. In stock exchange filings and press statements, Reliance Infrastructure said its standalone external debt has reduced from Rs 3,831 crore to Rs 475 crore. “Consequently, the net worth of the company will stand at Rs 9,041 crore.”
RBI unlikely to cut interest rate in 2024: SBI chief (18-09-2024)
The Reserve Bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation, State Bank of India (SBI) chairman C S Setty has said. The US Federal Reserve’s first cut in interest rates in more than four years is expected soon, triggering central banks in other economies to follow suit. “On the rate front, a lot of central banks are taking independent calls.