New Delhi, July 8 (IANS) Tata Motors on Wednesday unveiled an ambitious five-year roadmap for its passenger vehicle business, targeting annual sales of more than 1.2 million units by FY30, a 20 per cent share of the domestic passenger vehicle market and revenues of Rs 1.4 lakh crore, backed by investments of nearly Rs 40,000 crore in products and manufacturing.Speaking at the company’s 81st annual general meeting held virtually on Wednesday, Tata Motors Chairman Natarajan Chandrasekaran said the…
Latest FY30 News & Updates
Mumbai, May 6 (IANS) Polycab India Limited on Wednesday saw margin pressure in the March quarter (Q4 FY26) amid higher expenses and an unfavourable business mix.The company’s EBITDA margin contracted by 160 basis points to 13.1 per cent from 14.7 per cent.The decline was attributed to an unfavourable product mix, with a higher contribution from institutional sales, along with operating deleverage that increased overall cost pressures.Total expenses of the firm also jumped by 29.68 per cent to Rs…
New Delhi, March 30 (IANS) Digital non‑banking finance companies’ personal loan portfolios are expected to exceed Rs. 3.6 lakh crore by FY30, implying a compound annual growth rate of 26–28 per cent during FY25–FY30, a report said on Monday.The report from ratings agency CareEdge Ratings said that the strong growth is driven by increasing digital penetration, expanding borrower segments and a supportive regulatory framework.Outstanding personal loans of digital NBFCs more than doubled to…
Mumbai, Feb 27 (IANS) Gen X (people born between 1965 and 1980) are expected to consume over $500 billion worth of goods and services by FY30, making the cohort “a disproportionately valuable driver of durable premium growth,” a report said on Friday.The report from market research firm RedSeer said the consumption growth will be supported by a steady rise in per-capita consumption.Preventive healthcare spending by Gen X is projected to scale to $73 billion by FY30 at a 17 per cent compound annu…