Indian consumer group Patanjali, co-founded by a well-known yoga guru, said on Friday it plans to list four group companies and increase group turnover to $12.5 billion in the next five to seven years. The producer of affordable, domestic-made goods is taking on bigger rivals such as Unilever and Procter & Gamble with plans to list… Continue reading Indian consumer giant Patanjali plans to list four firms
Category: Automotive
Warburg eyes 30% stake in Indian shadow lender Vistaar for $150m
New York-based private equity firm Warburg Pincus LLC is in talks to invest around $150 million in Indian small-business lender Vistaar Finance, two sources familiar with the matter told Reuters, marking its latest bet in a booming lending market. Warburg‘s discussions with Vistaar are for a 30% stake in the shadow lender, the two sources said. Deal talks are at an advanced stage and will value Vistaar at roughly $450 million, said one of… Continue reading Warburg eyes 30% stake in Indian shadow lender Vistaar for $150m
German Manager Magazin: Lada Xray: Russian car manufacturer discontinues prestige project002023
The Russian carmaker Lada has announced that it will slowly start up production of many models again after production was interrupted for several months due to the sanctions. But no longer in the production program: the Lada Xray, a compact SUV. The reason for the end of the Xray is “the very high proportion of… Continue reading German Manager Magazin: Lada Xray: Russian car manufacturer discontinues prestige project002023
German Manager Magazin: ACEA: Car sales in the EU have increased again for the first time in 13 months002022
For the first time in 13 months, car manufacturers in the EU delivered more new cars in August than a year ago. Around 650,000 new cars were registered last month, an increase of 4.4 percent, the European manufacturers’ association ACEA announced on Friday. As recently as July, the number of passenger cars had fallen again… Continue reading German Manager Magazin: ACEA: Car sales in the EU have increased again for the first time in 13 months002022
German Manager Magazin: Amazon: Attack on the German car industry002021
In the slipstream of Google (Waymo) and Apple (Apple Car), the third US tech giant has also advanced into the heart of the modern car industry: Amazon. Jeff Bezos’ (58) group first offered services through its data subsidiary AWS, but the Americans now provide entire infotainment systems and complex control software such as Stellantis (Peugeot,… Continue reading German Manager Magazin: Amazon: Attack on the German car industry002021
German Handelsblatt: Strategic U-turn: Draconian Covid policy, Taiwan conflict, nationalism: Opel turns away from China expansion005204
Opel After Russia, Opel breaks away the next sales region with significant growth potential. (Photo: imago images/Michael Schick) In the summer of a year ago, Opel announced big plans. The small car manufacturer from Rüsselsheim, which is very focused on Europe, promised to enter the largest car market of all: China. “We promised that Opel… Continue reading German Handelsblatt: Strategic U-turn: Draconian Covid policy, Taiwan conflict, nationalism: Opel turns away from China expansion005204
Boyce Thompson Arboretum Announces New Admission Fee
–First Tuesdays will be FREE– SUPERIOR, Ariz., Sept. 16, 2022 /PRNewswire/ — Boyce Thompson Arboretum will implement a new admissions fee to help with the rising costs of maintaining 372 acres, including 105 acres of gardens and historic structures, and help meet the growing expectations and demands of visitors, as well. The new increased fee… Continue reading Boyce Thompson Arboretum Announces New Admission Fee
Reusable Launch Vehicle Market to Reach $3.56 Billion, Globally, by 2035 at 10.3% CAGR: Allied Market Research
Increase in space explorations along with allocation of huge funds by private players and government authorities for space exploration activities will boost the global reusable launch vehicle industry trends. PORTLAND, Ore., Sept. 16, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “Reusable Launch Vehicle Market by Vehicle Weight (Up to 4000 lbs,… Continue reading Reusable Launch Vehicle Market to Reach $3.56 Billion, Globally, by 2035 at 10.3% CAGR: Allied Market Research
Scania to decarbonise its supply chain by 2030
SÖDERTÄLJE, Sweden, Sept. 16, 2022 /PRNewswire/ — Scania announces far-reaching measures to decarbonise its supply chain by 2030. Together with Scania’s suppliers it has outlined an ambitious industry-leading strategy to eliminate the largest carbon emissions sources from the most common production materials and batteries. “Once again Scania leads the way in ambitious climate action,” says Andreas… Continue reading Scania to decarbonise its supply chain by 2030
German Handelsblatt: IPO: Porsche shares for small investors: What private investors should consider005200
Presentation of the Porsche Taycan at the LA Auto Show in Los Angeles 2019 The market is preparing for new shares: The sports car manufacturer Porsche announced its IPO on September 5th. The shares of Porsche AG are also to be offered to small investors as part of a public offering in Germany and five… Continue reading German Handelsblatt: IPO: Porsche shares for small investors: What private investors should consider005200