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Leading automakers in India take digital route to push sales amid Covid-19

Read more about Leading automakers in India take digital route to push sales amid Covid-19 on Business Standard. Leading automakers in the country are pursuing more and more digitisation across their processes in order to push sales at a time when prospective customers are not so willing to physically venture out to showrooms to make purchases.Carmakers like ....

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Hong Kong Market falls 0.16%

Hong Kong stock market finished session lower on Monday, 24 May 2021, following a tepid lead from Wall Street, and as quarterly rebalancing of the city s stock benchmark reduced the weighting of top-tier AIA Group, Tencent Holdings and HSBC under a new 8% cap on each stock.
At closing bell, the benchmark Hang Seng Index was down 0.16%, or 46.18 points, to 28,412.26. The Hang Seng China Enterprises Index fell 0.57%, or 61.17 points, to 10,641.40.
The sub-index of the Hang Seng tracking commerce & industry sector fell 0.48%, while the utilities sector rose 0.69%, the finance sector added 0.09%, and the properties sector added 0.11%.
Shares of Tencent retreated 0.2% to HK$585.50 while AIA lost 0.2% to HK$101.50 as quarterly rebalancing of the city s stock benchmark. The quarterly rebalancing will reduce the representation of index heavyweights because of an 8% cap on each index member, affecting AIA (current weight 10.1%), Tencent (9.1%) and HSBC (8.3%). ....

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Sharda Motor Industries discontinues operations at Surajpur, Uttar Pradesh

Read more about Sharda Motor Industries discontinues operations at Surajpur, Uttar Pradesh on Business Standard. 1. Maruti Suzuki business for model Gypsy was discontinued due to demerger of seating business of the company. ....

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RIL acquires majority equity stake in skyTran

After the acquisition, RSBVL s shareholding in skyTran increased to 54.46% on a fully diluted basis.
skyTran is a technology company incorporated under the laws of Delaware, United States of America (USA) in 2011. skyTran has developed breakthrough passive magnetic levitation & propulsion technology for implementing personal transportation systems aimed at solving the problem of traffic congestion globally.
The technology has been developed by skyTran to create Smart Mobility Solutions. The proposed skyTran transportation systems would consist of computercontrolled passenger pods running on its state-of-the-art, patented Passive Magnetic Levitation technology and would use cutting edge IT, Telecom, IoT and Advanced Materials technologies to transport passengers in a fast, safe, green, and economical manner. It is also supported by notable global venture capital investors such as Innovation Endeavors. ....

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