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Top News In Exide Leclanche Today - Breaking & Trending Today

Hyundai Motor, Kia expand into India's booming EV market

Hyundai Motor and Kia will use battery cells produced by a local Indian company for their future EVs sold in the West Asian country, a move to increase their presence in the blossoming Indian EV market, the carmakers said Monday. ....

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The real Hyundai Motor stands up at battery PLI pre-bid round

The participation of the South Korean company is notable because a similarly named Hyundai Global Motors had got sops for setting up a 20 gigawatt hour (GWh) capacity in the earlier PLI auction round for ACC batteries, held in January 2022. It was eventually concluded that this was a case of impersonation and that Hyundai Global Motors had used fake documentation while bidding. ....

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stocks to buy now: In auto, prefer two-wheelers; Hero Moto top pick: Siddhartha Khemka

Sun Pharma reported better-than-expected earnings with EBITDA margins beating expectations. The stock reacted positively to the news. Voltas had weak performance, particularly in the project business, but the market reacted positively, possibly due to short covering. Blue Star, on the other hand, had strong results and a positive outlook. Battery companies like Exide and Amara Raja are showing good traction, but we have a neutral rating on them and prefer to invest directly in the OEMs. Our top picks are two-wheelers, with Hero Moto leading the pack. ....

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asset quality: PSU banks look very attractive for the next 3-6 months or even for a year: Pankaj Pandey

Pankaj Pandey discusses the attractiveness of PSU banks within the BFSI space. He also mentions the potential growth for rating agencies due to government and RBI push for corporate bonds. Tech Mahindra and BirlaSoft are highlighted as companies with strong numbers and attractive prospects. Bajaj Auto s good margins and TVS s success in the EV market are noted. Pankaj Pandey comments on the opportunities in the railway sector, but expresses concerns about valuations. ....

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