Reuters India

India’s Bajaj Auto slumps 12% on festive sales caution, drags broader market

(Reuters) – Bajaj Auto’s shares tumbled 12% on Thursday after the Indian motorcycle maker said it anticipated weak festive season sales, a warning that slammed other automakers and also pulled down the broader market. India’s third-biggest motorcycle maker by sales said festive sales of motorcycles had grown only about 1%-2% so far this month, falling …

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India equity option traders hunt for new playgrounds as tighter rules loom

By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – Millions of Indian retail traders are exploring alternative ways to earn profits ahead of stricter regulations on trading equity derivatives next month, but their transition is unlikely to be smooth, investors and brokers say. Derivatives trading in India has boomed in the past few years, with …

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Exclusive-Tesla plans to start building next-generation vehicles in mid-2025, sources say

By Hyunjoo Jin and Joseph White SAN FRANCISCO/DETROIT (Reuters) -Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood” in mid-2025, according to four people familiar with the matter, with two of them describing the model as a compact crossover. Tesla CEO Elon Musk confirmed on a …

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