AgenciesThe price hike on its electric two-wheeler iQube is effective from Thursday (June 1) following the revision in the central government's FAME II subsidy scheme.
The company said it will offer a loyalty benefit programme for the customers of iQube who had made bookings till May 20 for a limited period to ease the cost burden post the revision in FAME II subsidy.
Additionally, new customers can also avail new prices without having to bear the full burden of FAME II revision on booking the vehicle starting June 1, 2023, said K.N. Radhakrishnan, Director and CEO.
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Q4 Nos Spring a Surprise, Lift FY23 Growth to 7.2%A stronger-than-expected fourth quarter lifted India’s growth to 7.2% in FY23, exceeding the 7% cited in the second advance estimates released in February, underscoring the country’s economic resilience in the face of multiple challenges.
Sebi Proposes Stringent FPI Ownership Disclosure RulesThe Securities and Exchange Board of India (Sebi) has proposed tighter disclosure requirements for foreign portfolio investors (FPIs) to prevent the misuse of overseas investment routes and curb public shareholding norm violations.
Apple’s India Stores Bear Fruit, Post Sales RecordApple has won a new laurel in India — operating the country’s largest electronics retail store by sales.The iPhone maker’s first two own stores in India have grossed monthly sales of over ₹22-25 crore each, well over two times what could be the highest revenue for an electronics store in the country during non-Diwali period, according to two industry executives aware of the details.
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