Market News
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Cracks in cola kingdom: India's duopoly faces biggest test in decades
India's cola market is undergoing a significant transformation, moving beyond the traditional Coca-Cola vs. PepsiCo rivalry. Reliance's Campa revival ignited a price war, while ITC's new premium, sugar-free coconut cola signals a shift towards health, premiumization, and niche offerings. This evolving landscape caters to health-conscious consumers seeking alternatives, indicating a more dynamic and diversified future for the Indian beverage sector.
Cummins India to invest more in green tech
Cummins India is aggressively investing in electric, fuel blending, and hydrogen technologies to secure growth beyond 2030 and counter rising Chinese competition. The company, a leader in engines and power generators, is also strengthening its supply chains against geopolitical risks. Managing Director Shveta Arya highlighted the importance of reliability and customer relationships in a dynamic market, while also eyeing opportunities in India's burgeoning data center sector.
Telecom subscriber base grows to 133.7 cr in April, Airtel stays on top: Trai data
Bharti Airtel secured the top spot in subscriber growth for April. The company added 34.82 lakh new customers, surpassing rival Reliance Jio in net additions for both wireless and wireline segments. India's total telecom subscriber base reached an all-time high of 133.75 crore. This growth highlights the dynamic nature of the Indian telecom market.
Stellantis plans partnerships with Dongfeng in Europe, JLR in US
Stellantis is joining forces with China's Dongfeng to create a dynamic joint venture aimed at producing new energy vehicles right in the heart of Europe. With plans for manufacturing facilities in France, this partnership reflects Stellantis's bold strategy to widen its market influence.