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Economic Times (India) 08/22/2019 13:02
NEW DELHI: Billionaire metal tycoon Anil Agarwal-promoted Twin Star Technologies is learnt to have pulled out as a bidder for telecom assets of debt-ridden Reliance Communications due to unknown reason, a source privy to the development said on Thursday.Twin Star Technologies, a holding company under Agarwal's Volcan Investments Ltd, had earlier shown interest in buying assets of Anil Ambani-led RCom which is going through insolvency proceedings."
Economic Times (India) 08/22/2019 11:40
NEW DELHI: Shares of Maruti Suzuki might have recouped 7 per cent in the past one week, but analysts do not see an end to the dismal performance in the short term. Car sales have slumped, the competition has risen and the market leader is being forced to offer discounts. Maruti-specific problems too are at play. Credit Suisse noted that the automaker has increased discounts on all models except Ertiga. Company-specific concerns are cropping up, it said, adding that depreciation in the rupee against the yen could add to the pressure. Industry watchers noted that drop in utility vehicle sales in July was somehow arrested by good demand for the newly launched Hyundai Venue, which sold 9,585 units for the month. Mahindra & Mahindra’s XUV300 als.

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