Industry > Industry monitor > Automobiles > Cars
01 April 2021
Indian auto majors Tata Motors, Mahindra & Mahindra and Marurti Suzuki saw exponential growth in sales compared to March last year. Tata Motors, Maruti Suzuki and Mahindra & Mahindra saw their sales more than double on a year-on-year basis.
The auto companies saw their sales recover after a year of sluggish sales due to the COVID-19 pandemic, so their full year growth was still slow compared to pre-pandemic years.
While the market has welcomed the recovery from the depths seen in 2020, the demand for automobiles in India is still far from its potential, according to analysts.
Community Brewery Ventures in Newton
The station got a facelift over the past year. The front of the building is painted blue and gray and a sleek bar was added in the back. A sign on the building represents its new habitants â Community Brewing Ventures, a beer brewing collaborative started by the founder of D9 Brewing.
CBV, though led by D9 founder Andrew Durstewitz, wonât just brew D9 beers, Director of Marketing Megan Miller said. The goal of the brewing collaborative is to help small breweries around the country grow their audience and spread their reach. Currently, seven breweries, including D9, are on board. CBV hopes to add many more partners, Miller said.
Using local micro-fulfilment centres (MFCs) could significantly reduce traffic and emissions from last-mile deliveries in cities, according to a new study from Accenture in collaboration with Frontier Economics.
Firms/companies > R > Reliance Industries
Reliance Infra sells its Mumbai headquarters to Yes Bank for Rs1,200 cr in debt redumption
05 April 2021
The Anil Ambani-led Reliance Infrastructure has sold Reliance Centre, the premises housing the group’s headquarters, to Yes Bank for Rs1,200 crore as part of a debt repayment process.
Reliance Infrastructure Limited (RInfra) and Yes Bank Limited (Yes Bank) on Thursday announced the sale transaction of Reliance Centre, Santacruz, Mumbai to Yes Bank. The transaction value is Rs 1,200 crore, Reliance said in a stock exchange filing.
“Entire proceeds from the sale of Reliance Centre, Santacruz, is utilized only to repay the debt of Yes Bank”, as per the stock exchange filing.