News

Oil prices steady as fears over supply tightness counter demand woes  Oil prices steadied on Wednesday after the previous session's losses, as demand concerns owing to slow global economic growth were offset by fears of tighter global supply following Saudi Arabia's pledge to deepen output cuts. Brent crude futures were up 9 cents, or 0.1%, at $76.38 a barrel at 0039 GMT. The U.S. West Texas Intermediate crude futures rose 11 cents, or 0.2%, to $71.85 a barrel. Both benchmarks eased about 1% on Tuesday, paring some of Monday's gains that...
Oil prices steady as fears over supply tightness counter demand woes
Oil prices steady as fears over supply tightness counter demand woes
Source: Reuters
7/06/2023 9:00:44 AM
India`s carmakers back zero duty on limited British imports under trade deal Indian carmakers have agreed to eliminate import tax on a limited number of vehicles in a trade deal with Britain "if the need arises", according to a document seen by Reuters, offering better access to the world's third-largest automobile market. India currently levies 60% and 100% tax on car imports which will be reduced in a phased manner to 10% by year five but only for a maximum of 46,200 vehicles, according to a proposal made by the country's leading auto lobby grou...
India`s carmakers back zero duty on limited British imports under trade deal
India`s carmakers back zero duty on limited British imports under trade deal
Source: Reuters
15/05/2023 3:02:03 PM
Key Stock News : Nykaa, Essar Oil and Gas Exploration and Production, Nissan, Renault , Zee Entertainment - ARETE Securities Key Stock News Nykaa PAT declines 71% YoY to Rs 8.5 crore in Q3, revenue rises 33%: Nykaa on February 13 reported a consolidated net profit of Rs 8.5 crore for the quarter ended December 2022 (Q3FY23) as against Rs 29 crore a year ago, declining 71 % on a YoY basis. It grew 63 % sequentially. Revenue from operations came in at Rs 1,463 crore, up 33 % from Rs 1,098 crore in the December 2021 quarter. Revenue stood at Rs 1,231 crore for the September 2022 quarter. Expenses for the quarter...
Key Stock News : Nykaa, Essar Oil and Gas Exploration and Production, Nissan, Renault , Zee Entertainment - ARETE Securities
Key Stock News : Nykaa, Essar Oil and Gas Exploration and Production, Nissan, Renault , Zee Entertainment - ARETE Securities
Source: ARETE Securities Ltd
14/02/2023 9:12:19 AM
Renault, Nissan shake up 24-year-old alliance Nissan and Renault have unveiled the details of a major shake-up of their often strained 24-year-old alliance, the media reported. The announcement comes after months of negotiations between the motor industry giants. In a joint statement, the two firms said they had "rebalanced" their relationship by agreeing that Renault would cut its stake in Nissan, the BBC reported. Under the deal, Nissan will take a stake in Renault's flagship electric car unit Ampere. The compani...
Renault, Nissan shake up 24-year-old alliance
Renault, Nissan shake up 24-year-old alliance
Source: IANS
7/02/2023 10:38:52 AM
Renault-Nissan plan India reboot in test of reshaped alliance  A revamped alliance between Renault and Nissan will face an early test in India, where the automakers plan new investment in a bid to close the gap on rivals, people with knowledge of the plans told Reuters. The automakers reached a deal in principle on Monday to restructure their two-decade partnership by putting both companies on an equal footing in terms of shareholding and with Nissan investing in Renault's new electric vehicle (EV) unit. The French and Japanese companies ...
Renault-Nissan plan India reboot in test of reshaped alliance
Renault-Nissan plan India reboot in test of reshaped alliance
Source: Reuters
2/02/2023 3:54:23 PM
Nissan plans to launch X-Trail, Qashqai in India Japan's Nissan Motor is looking at the feasibility of India's sport utility vehicle market (SUV) for its models X-Trail and Qashqai. Confirming that testing has begun on X-Trail and Qashqai, while at the same time showcasing the Juke, Nissan aims to assess their suitability for the rapidly evolving Indian consumer base. Starting this month, the vehicles are being put through their paces by Nissan's top engineers on the roads that surround the company's manufacturing plan...
Nissan plans to launch X-Trail, Qashqai in India
Nissan plans to launch X-Trail, Qashqai in India
Source: IANS
19/10/2022 1:01:13 PM
Nissan sells its Russian operation with 6 year buyback option  Japan's Nissan Motor Company has decided to sell its Russian operations with an option to buy it back within six years, the company said. The company also said it will take a one-off impact of approximately 100 billion yen from this exit. According to Nissan, its Executive Committee on Tuesday approved the sale of its Russian operations to NAMI, the Central Research and Development Automobile and Engine Institute. The sale will transfer all Nissan operations in Russia under...
Nissan sells its Russian operation with 6 year buyback option
Nissan sells its Russian operation with 6 year buyback option
Source: IANS
12/10/2022 9:41:00 AM
Key News - Bajaj Healthcare, Oppo India, LIC, IndusInd Bank, NTPC, Nissan By ARETE Securities Key News Bajaj Healthcare forays into highly-regulated opiate processing business Bajaj Healthcare on Wednesday said it has forayed into the highly regulated opiate processing business. The company said it has received two orders from the central government to produce active pharmaceutical ingredients (API) from poppy capsules and other derivatives on an annual basis. It plans to execute both these tenders from its API manufacturing unit located at Savli, Gujarat.   Chinese ...
Key News - Bajaj Healthcare, Oppo India, LIC, IndusInd Bank, NTPC, Nissan By ARETE Securities
Key News - Bajaj Healthcare, Oppo India, LIC, IndusInd Bank, NTPC, Nissan By ARETE Securities
Source: ARETE Securities Ltd
14/07/2022 9:37:13 AM
Nissan plans its 1st EV with solid-state battery in 2028 Japanese automaker Nissan has unveiled its first prototype production facility for all-solid-state battery cells, which the company aims to bring to market in coming years. Nissan said it aims to launch an EV with all solid-state batteries developed in-house by fiscal 2028. This prototype facility, within the Nissan Research Center in Kanagawa Prefecture, is aimed to further promote the development of all-solid-state-batteries, said the automaker. "Nissan has been a leader in el...
Nissan plans its 1st EV with solid-state battery in 2028
Nissan plans its 1st EV with solid-state battery in 2028
Source: IANS
9/04/2022 1:43:58 PM
Nissan to invest $17.6 bn in EV development over next 5 years As the adoption of electric vechicles enters top gear globally amid rising petrol-diesel prices, Japanese auto-maker Nissan on Monday said it will invest $17.6 billion (2 trillion Yen) in developing new EVs and battery technology over the next five years. Unveiling the 'Nissan Ambition 2030' plan, the company announced it will launch 23 new electrified models, including 15 new EVs, aiming for 50 per cent electrification mix, by fiscal year 2030. "We will drive the new age o...
Nissan to invest $17.6 bn in EV development over next 5 years
Nissan to invest $17.6 bn in EV development over next 5 years
Source: IANS
29/11/2021 6:39:01 PM
Nissan to spend $17.6 billion over 5 years in electrification push TOKYO Nissan Motor Co announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, betting tighter carbon emission restrictions will spur demand for electric cars and hybrids. Japan's No. 3 car maker said on Monday it will introduce 23 electrified vehicles by 2030, including 15 electric vehicles (EVs), and plans to introduce all solid-state batteries by March 2029. Nissan, which was among the first mass-market EV makers...
Nissan to spend $17.6 billion over 5 years in electrification push
Nissan to spend $17.6 billion over 5 years in electrification push
Source: Reuters
29/11/2021 9:59:44 AM
Renault Nissan ordered to pay Rs 70.84 cr as interim relief to workers The 3,542 workers of Renault Nissan Automotive India Private Ltd will get an interim relief pending wage settlement as per the orders of the retired Madras High Court Judge P. Jyothimani, the arbitrator. The total outgo for the company as interim relief will be Rs 70.84 crore. As per the order, each of the 3,542 workers of Renault Nissan Automotive will be paid an interim relief of Rs 10,000/month for the period between April 1, 2019 and March 31, 2020 and Rs 5,000/month between April 1...
Renault Nissan ordered to pay Rs 70.84 cr as interim relief to workers
Renault Nissan ordered to pay Rs 70.84 cr as interim relief to workers
Source: IANS
18/08/2021 2:59:59 PM
Self-driving startup WeRide deepens ties with Nissan, raises $310 million BEIJING  -WeRide, a China-based autonomous driving startup, said on Wednesday that it would deepen development with Nissan Motor on autonomous driving technology for the China market as it raised $310 million at a $3.3 billion valuation. WeRide, led by founder Tony Han, is pursuing what is known in the auto industry as a level 4 autonomous standard, in which the vehicle can handle all aspects of driving in most circumstances with no human intervention. WeRide, which is testing vehi...
Self-driving startup WeRide deepens ties with Nissan, raises $310 million
Self-driving startup WeRide deepens ties with Nissan, raises $310 million
Source: Reuters
23/06/2021 1:41:45 PM
Renault-Nissan fights court battle with Indian workers on operations during COVID-19 surge CHENNAI  -Renault-Nissan has told an Indian court it needs to continue production at its car plant to meet orders, rejecting claims from an employee union that COVID-19 safety protocols were being ignored at the factory, legal filings show. Renault-Nissan India and workers at its plant in the southern state of Tamil Nadu have been locked in a legal tussle after workers petitioned a court to halt operations because social distancing norms were being flouted and company-provided health ...
Renault-Nissan fights court battle with Indian workers on operations during COVID-19 surge
Renault-Nissan fights court battle with Indian workers on operations during COVID-19 surge
Source: Reuters
24/05/2021 9:13:43 AM
Nissan to focus on fuel-sipping technology and electrification in China SHANGHAI/TOKYO  - Japan's financially challenged Nissan Motor Co is expected to show off a new "must-succeed" car and explain its green-car strategy for China at the Shanghai auto show which starts on Monday, two company officials told Reuters. The car Nissan plans to show off at the motor show is the significantly redesigned X-Trail sport-utility vehicle (SUV). A similar SUV called the Rogue hit the U.S. market last year. The new X-Trail will be available in China later...
Nissan to focus on fuel-sipping technology and electrification in China
Nissan to focus on fuel-sipping technology and electrification in China
Source: Reuters
18/04/2021 9:57:57 AM
Nissan-backed startup WeRide gets California permit to test driverless vehicles SHANGHAI/BEIJING - Autonomous driving startup WeRide received a permit to test two passenger vehicles on California's public roads without a safety driver in the front, California's Department of Motor Vehicles said on Monday. WeRide, backed by Nissan, Renault, Mitsubishi, is also testing its driverless vehicle in China's southern city of Guangzhou. Automakers and technology firms are investing billions of dollars in autonomous driving, aiming to take an early lead in what m...
Nissan-backed startup WeRide gets California permit to test driverless vehicles
Nissan-backed startup WeRide gets California permit to test driverless vehicles
Source: Reuters
13/04/2021 10:08:03 AM
Stellantis, Nissan, Nio cut more production due to chip shortage WASHINGTON - Stellantis NV and Chinese electric vehicle maker Nio became the latest carmakers to announce new production cuts as a result of a global semiconductor chip shortage. Stellantis said on Friday it will temporarily halt production at five North American plants next week because of the global microchip shortage: two assembly plants in Canada, one in Mexico and two in the United States. The production halts will start next week through early to mid-April. The plants affected are...
Stellantis, Nissan, Nio cut more production due to chip shortage
Stellantis, Nissan, Nio cut more production due to chip shortage
Source: Reuters
27/03/2021 10:11:43 AM
Nissan India to increase vehicle prices from April Nissan India has announced a price hike across all available models for Nissan and Datsun, effective from April 1. "There has been continuous escalation in auto component prices, and we have tried to absorb this escalation over the last few months. We are now constrained to increase our prices across all Nissan & Datsun models, the increase varies from variant to variant, while still offering the best value proposition to its discerning Indian customers." said Rakesh Srivasta...
Nissan India to increase vehicle prices from April
Nissan India to increase vehicle prices from April
Source: IANS
23/03/2021 2:00:03 PM
Japan car makers scramble to assess impact of Renesas auto chip-plant fire TOKYO - Toyota, Nissan, Honda and other Japanese automakers scrambled on Monday to assess the production impact of a fire at a Renesas Electronics automotive chip plant that could aggravate a global semiconductor shortage. "We are gathering information and trying to see if this will affect us or not," a Honda spokesman said. Other car makers including Toyota and Nissan said they too were assessing the situation. The effect on car makers could spread beyond Japan to other auto ...
Japan car makers scramble to assess impact of Renesas auto chip-plant fire
Japan car makers scramble to assess impact of Renesas auto chip-plant fire
Source: Reuters
22/03/2021 10:10:46 AM
Ashok Leyland to buy Nissan's stake in Hinduja Tech for Rs 70.20 cr Hinduja Group flagship firm Ashok Leyland on Thursday said it has entered an agreement with Nissan International Holding BV to acquire 38 per cent stake in Hinduja Tech for Rs 70.20 crore. "The company has entered into a share purchase agreement with Nissan International Holding BV to acquire 58,500,000 shares for a total consideration of Rs 70.20 crore constituting 38 per cent in the paid-up share capital of Hinduja Tech Ltd. Consequent to the aforesaid acquisition, HTL will...
Ashok Leyland to buy Nissan's stake in Hinduja Tech for Rs 70.20 cr
Ashok Leyland to buy Nissan's stake in Hinduja Tech for Rs 70.20 cr
Source: Dion Global Solutions Ltd
25/02/2021 11:46:37 AM
Focus on chip shortage hurting production as Japanese automakers report results TOKYO - Japanese automakers Toyota, Nissan and Honda report third quarter results this week buoyed by recovering demand in China and the United States, but a global chip shortage has clouded their earnings outlook. A surge in demand for electronics as more people stay home due to the coronavirus pandemic has led to shortages of semi-conductors, forcing the carmakers to cut production just at a time when sales have recovered more quickly than expected. Compatriots Subaru Corp and Mazda M...
Focus on chip shortage hurting production as Japanese automakers report results
Focus on chip shortage hurting production as Japanese automakers report results
Source: Reuters
8/02/2021 11:07:51 AM