India has locked horns with the West at the 4 day World Trade Organisation ministerial conference that is taking place in Abu Dhabi. During his speech, India's commerce secretary said there were serious concerns about the increasing use of trade protectionist unilateral measures, which are being justified in the name of environment protection. Watch
28 Feb 2024CarTrade Tech's Q2FY24 performance impressed investors, leading to a more than 14% surge in its share price. The company reported a net profit of ₹13 crore, a 130% increase from the same period last year, and a net revenue of ₹147 crore, a 44% jump from Q2 FY23.
3 min read10 Nov 2023Many internet stocks have recovered in 2023 after a weak investor response to their initial public offerings. This comes on the back of an improvement in their profitability, a rise in revenues and a fall in expenses in the recent quarters.
3 min read31 Oct 2023CarTrade Tech stock price shows strength, up 3% in market downturn. Sobek Auto India shuts down C2B operations, focuses on expanding Classified division.
2 min read25 Oct 2023In this video, we explore the debate surrounding the environmental impact of hybrid electric vehicles (HEVs) versus battery electric vehicles (BEVs). Critics argue that EVs are not as green as they seem, as they are manufactured in India using electricity derived from coal. A study conducted by IIT Kanpur compared emissions from different vehicle types and found that while EVs are less polluting than petrol vehicles, they have higher total emissions than hybrids. However, it's important to note that other studies have produced conflicting results. The video also highlights the different approaches of carmakers worldwide, with European and Chinese manufacturers embracing EVs while Japanese companies focus on maximizing hybrid technology. In the US and India, there is a neutral stance, but market developments favor EVs. The video concludes by mentioning the position of Tata and Mahindra, who believe that hybrids are only a temporary solution and not worthy of incentives. Overall, the video provides an overview of the ongoing discussion about the environmental sustainability of hybrid and electric vehicles.
24 Aug 2023CarTrade share price: Experts see potential for value creation over the medium term in this acquisition depending on growth delivery. At ₹285 crore net revenue, CarTrade paid 1.45x revenue multiple for this acquisition while also becoming a stronger New and Used car classifieds business.
3 min read22 Aug 2023India's innovative Carbon Dioxide Removal Obligation (CDR-O) tax proposal challenges the EU's Carbon Border Adjustment Mechanism (C-BAM). This video explores the global impact of India's strategy, emphasizing equitable climate action and the responsibility of developed economies. Discover how India plans to negotiate and find common ground with the EU, shaping the future of international climate efforts. Don't miss this insightful discussion on climate change policies!
1 Aug 2023CarTrade Tech saw a 14% increase in share price after announcing the acquisition of OLX India's vehicle sales division for ₹537 crore.
1 min read11 Jul 2023It will acquire Sobek at a cost of ₹537.43 crore to be paid on the completion date of the acquisition, according to a regulatory filing by CarTrade Tech to the stock exchanges.
1 min read10 Jul 2023India is in the final stages of forming policies to kick-start the Indian carbon market. A draft of the carbon credit trading scheme has recently been notified. For a country that primarily runs on fossil fuels, India has set an ambitious emission cut goal for itself. But setting the goal to become emission neutral by 2070 is one thing. Achieving it will require a well-planned approach. And this is a step forward in that direction.
5 Jul 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared