China’s BYD, known for its affordable electric vehicles, has made a leap into the luxury market with its first electric supercar, the Yangwang U9. Production has begun, and deliveries are expected to start in late August 2024. The Yangwang U9 is an all-electric supercar manufactured by BYD Auto under its luxury car brand Yangwang. Read more: BYD First Electric Supercar the Yangwang U9, production begun..
Ocado, the online grocery and technology group, has recently taken steps to extend the maturity of its existing debt. The company aims to raise £600 million through new bond issues to finance a tender offer for its existing bonds that are due in 2025 and 2026. Ocado has launched an offering of £250 million Read more: Ocado moves to extend the maturity of its existing debt, aims to raise £600 million..
Exide Industries’ Q1 FY25 results, announced on July 30, 2024, showcased a mixed performance, the company reported a 15% year-on-year increase in standalone net profit, reaching ₹280 crore. However, this figure fell short of analyst expectations, who had predicted an average profit of ₹331 crore. Exide Industries Q1 FY25 Results Key Points: Profit Increase: Exide Read more: Exide Industries Q1 Results: Profit surged 15% YoY, but missed the Analysts’ expectations..