Chapman explained how it was critical for fintech businesses to diversify and have different offerings amid rising competition in the space over the last two years. But she said that most of these companies realised that the core lending business is usually the most profitable.
As part of its revival efforts, ZestMoney will shut down its insurance business and affiliate programmes and will shift majority of its focus towards its core business of lending and EMI for consumer goods.
The Tigor from Tata Motors is the newest addition to the compact sedan troupe which at present has more than half a dozen aspirants vying for attention.
While the company did not comment on the date of launch of Zica, sources said it is expected to hit the market in the early part of 2016.
With festive season round the corner, major car manufacturers including Maruti Suzuki India, Hyundai Motor and Tata Motors are offering various schemes, including discounts of up to Rs 37,000 to push up sales.
The company, which is showcasing its products at the 11th NADA Auto Show in Kathmandu, will sell the LX variant of the vehicle at NPR 42.25 lakh and the high-end VX trim at NPR 56.85 lakh.
At the 55th annual SIAM convention, CNBC-TV18's Farah Bookwala talks to K-N Radhakrishnan of TVS Motor about the company's growth trajectory.
Tata Motors is investing heavily to roll out a slew of new models in the passenger and commercial vehicle segments, as also in new technologies to address the varying customer needs so as to make the company future-ready, chairman Cyrus Mistry has said.
The Mumbai-based company has launched the two models in partnership with Sri Lanka-based Diesel & Motor Engineering PLC (DIMO).
Shares of Tata Motors gained 1.9 percent intraday Tuesday after the company together with Diesel & Motor Engineering Plc (DIMO) Tata Motors launched its new cars - Zest and Bolt - in the Sri Lankan market.
The company, better known for its cars in the taxi segment, is trying to overcome a "unique social perspective (in India) that a brand which does well in the commercial market, nobody wants to buy for personal usage segment".
Auto companies kicked off the financial year 2014-15 on a strong note by reporting good sales growth in April. Auto shares rallied 2-6 percent intraday on Monday.
Tata has been on resurgence since last year covering a lot of lost ground with their new cars - the Zest and the Bolt. These cars are conceived under Tata's new Horizonext philosophy. Now there's a new vehicle to come out of Horizonext, but this one has a lot to live up to - the GenX Nano.
Mayank Pareek, head of the company‘s passenger vehicle business said the prices were introductory and would be hiked soon
Tata's domestic passenger vehicles business has struggled over the past few years. But that may be changing now.
Reacting to Tata Motors‘ earnings that were released this quarter, ICICI Direct‘s Nishant Vass said revenues were in line while profitability got affected due to forex issues at JLR and the fact that the domestic business continues to suffer.
Storyboard caught up with Tata Motors passenger vehicles marketing head, Delna Alvari to understand what the ROI on activations, especially an unusual innovation in print is.
Within companies, Asian firms (Maruti Suzuki, Hyundai, Honda and Nissan) continued their strong showing in the Indian market while American and European companies (Chevrolet, Ford, Renault, Volkswagen and Fiat) witnessed their market share come off, compared to a year ago.
In an interview with CNBC-TV18‘s Shereen Bhan, Ranjit Yadav, President - Passenger Vehicle Business Unit, Tata Motors, said the company‘s recent launch, Zest compact sedan, was off to a good start while the Bolt hatch based on the same platform would launch in January 2015.
Despite the recent run up in pharma stocks, this week, problems related to the US FDA have made a come back. Jagdish Malkani, member at BSE and NSE believes though the Indian pharmaceuticals industry is a great play, investors should not get carried away with it.
In line with trends seen in the broader economy, the Indian auto sector appears to be turning up, with domestic passenger vehicle sales turning up to 2.09 lakh units in August, compared to 1.94 lakh in the previous month and 1.8 lakh in August last year.
"Our market share is relatively small. We have the (compact sedan) Indigo in this segment. It is about six per cent. Now with this launch it (market share) will grow quite strongly", Tata Motors Ltd, President, Passenger Vehicle business unit, Ranjit Yadav told reporters.
In its latest report that analyzes the just-released annual report of Tata Motors, Ambit Capital has cut the value of Tata Motors standalone business to Rs 20 per share from Rs 25 earlier even as it has expressed optimism on Tata Motors shares (price target: Rs 550), thanks to prospects of the JLR business.
Homegrown auto major Tata Motors today unveiled a concept compact sports utility vehicle ‘Nexon‘ along with another concept car ‘ConnectNext‘, giving a glimpse of its future direction in terms of technologies, as it bids to make up lost ground in passenger vehicles market.
The 2014 Auto Expo is underway and some of India's leading car makers already unveiled some of their show stoppers before the glorious motor show itself.