Latest news with #BusinessToday
IOL News
10 hours ago
- Automotive
- IOL News
Mahindra Thar would make a great Jimny rival - is it finally on the radar for South Africa?
The Mahindra Thar Roxx could be heading to South Africa later this year. Image: Supplied The second-generation Mahindra Thar is a rugged yet affordable compact SUV, which has been something of a hit in its home market of India. However markets such as South Africa have missed out on it so far. Since its introduction in 2020, the latest Thar has found more than 250,000 homes in India, and its popularity has surged further since the introduction of the five-door Roxx version in late 2024. When the latter was launched last year, Mahindra's head of automotive operations, Rajesh Jejurikar, told Business Today that the company had no immediate plans to export the model to markets outside of India. He said the factory would instead focus on satisfying demand in its home market. 'At this point of time, we are expecting that we are going to be pretty full with meeting domestic requirements for some point of time, so no plans on exports,' Jejurikar told the Indian publication. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Mahindra Thar Roxx. Image: Supplied However, that could be about to change. Mahindra recently increased production of the Thar in India, with capacity having increased from 6,500 units per month, in November 2024, to around 9,000 at present, Autocar reported. This comes as rumours circulate about the Thar's possible South African introduction later this year. Local Mahindra representatives announced at the recent Nampo show that the company planned to launch another SUV in South Africa this year, but they did not give any further details about this product. Yet given the options currently available in India, the Thar Roxx would appear to be the only viable option for local introduction. Furthermore, local dealers that we spoke to say they're expecting the new model to arrive around September this year. Interestingly, Mahindra was blocked from introducing the three-door Thar from the Australian market in 2021 after Jeep instituted legal action due to the vehicle's perceived resemblance to the Wrangler. But it is not believed that there are any legal impediments to the vehicle being introduced in South Africa. What is the Mahindra Thar Roxx? Although many have labelled it as a potential Suzuki Jimny killer, the Mahindra Thar Roxx is a somewhat bigger vehicle, with an overall length of 4,428mm stretching well beyond the Jimny's 3,820mm footprint. However, the Thar Roxx is still relatively compact, given that a Jeep Wrangler Unlimited stretches out at 4,882mm, and its pricing certainly overlaps with the aforementioned Suzuki. In India, the Thar Roxx costs between 12.99 and 23.39 Lahk (R271,000 to R489,000), while the Jimny 5-door sells for 12.76 to 14.96 Lahk (R266,000 to R313,000). Keep in mind that South African prices would be somewhat higher due to duties and other associated import costs. The cabin is available with some high-end features. Image: Mahindra
India Today
16 hours ago
- Business
- India Today
NSE shares surge in unlisted market amid IPO buzz. Here's what analysts say
Shares of the National Stock Exchange (NSE) have seen a meteoric rise in the unlisted market, soaring 60% in just two weeks. Once trading at Rs 1,500, the stock is now fetching Rs 2,400, according to some reports. The surge in the value of its unlisted shares has been driven by swelling retail interest and growing chatter around its long-pending over one lakh retail shareholders, a record for any unlisted Indian company, NSE has become a hotspot in the grey market. But analysts tracking the unlisted space suggest the rally may not be over just SOARS AMID IPO BUZZDespite the sharp run-up, the exchange is still seen as attractively priced, analysts quoted in a Business Today report said. 'Even after this move, NSE trades at a P/E of 70, compared to BSE's 83 and NSE's financial performance has been much stronger,' Simranjeet Singh Bhatia, Senior Equity Research Analyst at Almondz Global. It may be noted that from FY22 to FY25, the exchange clocked a 33% compound annual growth in revenue to Rs 19,177 crore, while net profit surged at 36% CAGR to Rs 12,188 crore. For FY25 alone, net profit rose 47% to Rs 12,187.94 crore, with total income up 16.7% year-on-year. NSE also declared a Rs 35-per-share dividend, reinforcing its reputation as a consistent wealth THERE FURTHER UPSIDE?advertisementSeveral analysts have suggested that the valuation gap with BSE suggests further upside, provided the NSE lists successfully. Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd told Business Today that the IPO could unlock value. 'However, it hinges on regulatory clearance from Sebi. If a No Objection Certificate comes through, we could see another leg up in the unlisted price,' he added. At Rs 2,400 a share, NSE's implied market cap stands at around Rs 5.9 lakh crore. That makes it India's fifth most valuable company and the fifth largest stock exchange globally, after NYSE, Nasdaq, Shanghai, and bullish outlook isn't just about the IPO. It's also about scale and dominance. NSE commands near-total control over Indian equity derivatives and substantial leads in other Q4FY25, it held 99.8% market share in equity futures, 94.6% in cash trading, 93.9% in currency derivatives, and 81.2% in equity options. Globally, it's the largest derivatives exchange by contract volume and second only to the NYSE in equity not everyone is gung-ho. Some market participants remain cautious given the stock's sharp rally and the lack of clarity on the IPO timeline.'The recent surge is speculative to some extent,' said Hitesh Dharawat of Dharawat Securities. 'Unless we get firm updates on listing, near-term volatility can't be ruled out,' he told Business now, NSE's IPO remains one of the most anticipated events in the Indian capital markets. If regulatory hurdles are cleared and listing proceeds, early investors in the unlisted market could be sitting on a goldmine.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
India.com
6 days ago
- Business
- India.com
Mass firing in this company as 8000 employees sacked due to...,not Narayana Murthy's Infosys, Ratan Tata's TCS, Wipro, name is...
Narayana Murthy, Late Ratan Tata and Azim Premji- File image (Left to right) IBM layoff update: In a significant news update for employees of the IT sector, famous tech company IBM has reportedly laid off about 8,000 employees. In the recent development, the global IT giant has fired employees most of whom were associated with the HR section. Here are all the developments you need to know about the recent layoff at IBM. It is widely known that IBM CEO Indian-origin Arvind Krishna is very supportive of company's increasing reliance on automation and the recent layoff could be in line with the objective of the company, a report carried by Business Today said. Also, readers should note that IMB's move aimed at reducing the HR workforce is not new and rarlier this month, IBM had replaced about 200 HR positions relating to answering frequently asked questions with with Artificial Intelligence, in a step to reduce paperwork and managing HR data. India, IBM to explore potential collaborations in quantum, AI In another significant development on IBM, the Indian government and IBM are exploring opportunities to collaborate on quantum computing, artificial intelligence (AI), and geospatial AI solutions, the Ministry of Science and Technology announced as per a report by news agency IANS. IBM's Global Head, Arvind Krishna, met Union Minister Dr Jitendra Singh to discuss how the two sides can work together in these advanced technology fields. The meeting took place as India pushes forward with its National Quantum Mission, an initiative aimed at making the country a global leader in quantum technology. Both sides recognised India's rapid transformation under Prime Minister Narendra Modi, which has placed the country at the forefront of AI and next-generation innovations. (With inputs from agencies)
Scroll.in
7 days ago
- Entertainment
- Scroll.in
Actor Kamal Haasan says Kannada was ‘born out of Tamil', draws backlash
Actor and politician Kamal Haasan has remarked that the Kannada language was 'born out of Tamil', sparking a backlash from political leaders and pro-Kannada activists, The Indian Express reported. At the audio launch for the Tamil film Thug Life on May 24 in Chennai, Haasan described his bond with the Tamil language with the words: ' Uyire Urave Tamizhe [My life and my family is Tamil].' He addressed Kannada actor Shivarajkumar, who was at the event, and said: 'Actor Shivarajkumar is my family living in another state… Your language was born out of Tamil. So, you are included in that line.' Kamal Haasan Claims Kannada Originated From Tamil, Triggers Outrage #KamalHaasan #KannadaTamilRow #LanguageDebate #TamilVsKannada #SouthIndiaPolitics #KamalStatement #DravidianLanguages #LinguisticControversy #KannadaIdentity #TamilRoots — Business Today (@business_today) May 28, 2025 Hours later, pro-Kannada group Karnataka Rakshana Vedike accused the actor of belittling the language, and threatened to boycott his film, according to The Indian Express. 'We are warning Kamal – do you want business in Karnataka? Then stop insulting Kannada,' the newspaper quoted the organisation's leader Praveen Shetty as saying. 'Today, you were in the state and ran away. We were ready to apply black ink to your face. If you continue to speak against Karnataka and Kannadigas, there will be protests.' Bharatiya Janata Party's Karnataka chief BV Vijayendra accused Haasan of insulting 6.5 crore Kannada speakers, The Hindu reported. 'It is the height of arrogance that Kamal Haasan, who has acted in many Indian languages including Kannada, has insulted Kannada in the name of glorifying Tamil,' Vijayendra said. He added that Haasan is not a historian, and has no authority to comment on Kannada's linguistic origins. ಮಾತೃಭಾಷೆಯನ್ನು ಪ್ರೀತಿಸಬೇಕು, ಆದರೆ ಅದರ ಹೆಸರಿನಲ್ಲಿ ದುರಭಿಮಾನ ಮೆರೆಯುವುದು ಸಂಸ್ಕೃತಿ ಹೀನ ನಡವಳಿಕೆಯಾಗುತ್ತದೆ. ಅದರಲ್ಲೂ ಕಲಾವಿದರಿಗೆ ಪ್ರತಿಯೊಂದು ಭಾಷೆಯನ್ನೂ ಗೌರವಿಸುವ ಸಂಸ್ಕಾರ ಇರಬೇಕು. ಕನ್ನಡವೂ ಸೇರಿದಂತೆ ಅನೇಕ ಭಾರತೀಯ ಭಾಷೆಗಳಲ್ಲಿ ನಟಿಸಿರುವ ನಟ @ikamalhaasan ತಮ್ಮ ತಮಿಳು ಭಾಷೆಯನ್ನು ವೈಭವಿಕರಿಸುವ ಮತ್ತಿನಲ್ಲಿ ನಟ… — Vijayendra Yediyurappa (@BYVijayendra) May 27, 2025 Karnataka Chief Minister Siddaramaiah was quoted as saying by ANI: 'Kannada has a long-standing history. Poor Kamal Haasan, he is unaware of it.' Members of the Karnataka Rakshana Vedike tore posters of the film Thug Life in Bengaluru to protest the actor-politician's remarks. The film, directed by Mani Ratnam, is scheduled to be released on June 5. Among its producers is Red Giant Movies, a company owned by Tamil Nadu Deputy Chief Minister and Dravida Munnetra Kazhagam leader Udhayanidhi Stalin. The film has been dubbed in several languages, including Kannada.
Hindustan Times
27-05-2025
- Entertainment
- Hindustan Times
Aamir Khan's Sitaare Zameen Par won't be free on OTT? Trolls say ‘not like it's an original story…'
Three years after the failure of Laal Singh Chaddha (2022), Bollywood's Mr Perfectionist Aamir Khan is all set to return to theatres. Apart from being his comeback, the next release titled Sitaare Zameen Par is extra special as it is the much awaited sequel of the actor's 2007 masterpiece Taare Zameen Par. When the trailer of the film released two weeks ago, the internet was left divided. While some loved it, others trolled it for being a frame by frame 'copy' of Spanish film Champions (2018), which Sitaare Zameen Par is inspired by. Well, today Aamir is once again being trolled for his film. But this time, netizens have found another reason. A post shared by Aamir Khan Productions (@aamirkhanproductions) Yesterday, a report shared by Business Today claimed that after its theatrical release, Aamir Khan's film Sitaare Zameen Par will only be available on YouTube pay-per-view. It will reportedly not release on streaming giants such as Netflix, Prime or Hotstar, where the content is usually free to stream for audience members with a subscription. The report further described this decision of the makers as a 'power play to control pricing, release windows, and viewer data'. This would mean that those fans who generally wait for films to arrive on OTT after a theatrical release will now have to either book their tickets or pay to watch Sitaare Zameen Par on YouTube. This decision has irked many netizens, who are now trolling Aamir and his film. For instance, one angry social media user claimed, 'Ideally Aamir's new model should be making an original movie,' whereas another wrote, 'As usual he simply wants to do things differently and can't foresee the failure but at least to do things differently he should have started with an original script.' A comment read, 'Not like it's an orginal story , seems like a copy paste of english version Same with lapata ladies. Maybe he can start by making movie with good and original story lines And we can then watch it in theatre,' whereas another netizen shared, 'I don't think Aamir realises that he does not have a hardcore fan base. He's most faded cause people are bored of him. SZP has to be top notch for it to be a hit.' Also starring Genelia Deshmukh, Sitaare Zameen Par is all set to release in theatres on June 20.
