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Tesla's CEO Elon Musk has long criticised India for having import tariffs of around 100% on EVs which protect local automakers such as Tata Motors in the world's third largest auto market, where EV adoption is still at a nascent stage.
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These expansion costs are unavoidable, whether incurred through marketing or idle expenses. Most of our current burn is due to expansion. Based on our growth trends, we could have covered our expansion costs.
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Macquarie said that the sector is currently at a turning point, driven by increased pharmaceutical outsourcing due to drug pricing pressures and geopolitical factors, prompting a global restructuring of the pharmaceutical supply chain.
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After delisting from the Indian bourses in November 2020, the software services company returned to the capital market by selling shares worth 8,750 crore in the IPO last week, making it the largest Indian IT services IPO exceeding Tata Consultancy Services' 4,713 crore public issue in 2004.
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Burmans' open offer for acquiring an additional 26% stake in Religare Enterprises Ltd. received a weak response, with only 0.07% of shares tendered. Despite the lack of interest, their shareholding will increase to 24.02% after the open offer. The process involved multiple entities and regulatory complaints.
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News and Media
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