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Foreign car firms weigh recovery plans

Mint Bangalore

|

October 06, 2025

Despite the grand plans, experts are sceptical of how sustainably cos can invest at a time of global turbulence

Foreign car firms weigh recovery plans

Auto sales declined by 2.4% in April-August 2025.

(MINT)

country.

India managing director Venkatram Mamillapalle believes two primary levers will help in increasing sales in the upcoming years - Renault fully owning the Chennai plant (it was jointly owned with Nissan earlier) and diversifying the customer base to more premium buyers.

"We have mostly targeted the sub-₹10 lakh segment, but now our customer profile will see a diversification to go beyond ₹10 lakh," Mamillapalle said. He added the company will look to regularly launch products in India and invest in its sales and services network.

A report from Autocar Professional said the planned launches include the updated Triber, Kiger and Duster as well as Bigster, which would be a seven-seater SUV based on the Duster platform.

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360 One, Steadview, others to invest in Wakefit ahead of IPO

A clutch of firms, including 360 One, Steadview Capital, WhiteOak Capital and Info Edge, is expected to invest in home-furnishings brand Wakefit Innovations Ltd just ahead of its initial public offering (IPO) next month, three people familiar with the matter said.

time to read

1 min

November 28, 2025

Mint Bangalore

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Diversification holds the key to reducing our trade vulnerability

India's merchandise exports are less exposed to US policy vagaries than services. The latter need to find new export markets

time to read

4 mins

November 28, 2025

Mint Bangalore

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GOING SOLO: FACING THE GROWING REALITY OF SOLITARY RETIREMENT IN INDIA

What we plan for ourselves isn't always what life plans for us.

time to read

2 mins

November 28, 2025

Mint Bangalore

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Paint firms strengthen moats as competition heats up

A bruising market-share battle is escalating in India's ₹70,000-crore paints sector, forcing companies to look beyond aggressive discounting and instead strengthen their foothold in key geographical areas while sharpening their product portfolios.

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November 28, 2025

Mint Bangalore

Would you like to be interviewed by an AI bot instead?

don't think I want to be interviewed by a human again,\" said a 58-year-old chartered accountant who recently had an interview with a multinational company.

time to read

3 mins

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Mint Bangalore

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The curious case of LIC's voting on RIL, Adani resolutions

Life Insurance Corp. of India Ltd, or LIC, consistently approved or never opposed resolutions proposed before shareholders of Reliance Industries Ltd (RIL) or any Adani Group company since 1 April 2022, even as it rejected several similar proposals at other large companies, some even part of other conglomerates, a Mint review of about 9,000 voting decisions by the government-run insurer showed.

time to read

1 min

November 28, 2025

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Tune into weak signals in a world of data dominance

World War II saw the full fury of air power in battle, first exercised by Axis forces and then by the Allies, culminating in American B-29 bombers dropping atomic bombs on Hiroshima and Nagasaki.

time to read

4 mins

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Mint Bangalore

When LLMs learn to take shortcuts, they become evil

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time to read

2 mins

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Mint Bangalore

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What if China weaponizes its dominance of pharma inputs?

Overdependence on China for drug-making should worry the US

time to read

3 mins

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Mint Bangalore

VentureSoul closes first debt fund at ₹300 crore

VentureSoul Partners has announced the close of its maiden debt fund at ₹300 crore, with plans to raise an additional ₹300 crore through a green shoe option by February 2026.

time to read

1 min

November 28, 2025

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