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July 2018

All charged up and not sure where to go

Electric vehicles are the new black in the auto world. Anand Mahindra, known to be a risk-taker, is leading the electric vehicles play in India. But as the market grows and competition drives in, can Mahindra maintain pole position?
Enterprise

Infosys Q1 profit falls 2% quarter-on-quarter

The software services exporter recorded a net profit of Rs 3,612 crore during the June quarter compared to Rs 3,690 crore in the preceding quarter; announces 1:1 bonus share issue.

Investing

FPI outflow: This time it’s different

Foreign portfolio investors net outflow of $6.98 billion in the first six months of 2018 is the highest in 10 years.

Macro

Vehicle sales grow 25.23% in June: SIAM

Growth looks good due to the lower base last year which saw plummeting vehicle sales ahead of introduction of the GST in July, says SIAM.

Macro

Andhra Pradesh tops ease of doing business ranking

Telengana was a close second followed by Haryana, Jharkhand, and Gujarat in the annual rankings by the Department of Industrial Policy and Promotion (DIPP) and the World Bank.

Enterprise

Liberty House set to get Adhunik Metaliks  

British tycoon Sanjeev Gupta is set to enter India after Committee of Creditors approve Liberty House’s bid for Adhunik Metaliks which was under the bankruptcy resolution process.

Investing

Edu services firm Nspira raises $75 million

The funding saw participation from Morgan Stanley Private Equity Asia, and BanyanTree Growth Capital II.