Mehraboon Irani is bearish on oil PSUs due to inefficieny of government to take any bold steps since last one one-and-half months and therefore, he is negative on Oil and Natural Gas Corporation (ONGC) after the company‘s net profit slumped 34 percent.
Betting big on electric vehicles to take off in the country despite tepid consumer response so far, M&M has roped in its South Korean partner Ssangyong for jointly developing a new range of powerful electric cars that would have higher power and speed.