The leading electric scooter manufacturer of India by revenue, Ather Energy, is soliciting funding to increase its annual production capacity to one million scooters over the next three years as the company reacts to increasing demand, said reports.   Since its creation in 2013, Ather has...

A new name for the luxury carmaker Mercedes-Benz Group AG would be formally made by its owner Daimler AG on February 1. It was almost a year ago that the truck and bus business unit of Daimler was spun off into a separate company. The CEO of the company is optimistic that this latest move will open...

French LVMH Moet Hennessy - Louis Vuitton's net profit attributable to the group increased 2.6-fold to €12.036 billion in 2021, the company said in a statement. Revenue rose 1.4 times to €64.215 billion. The fashion and leather goods and selective retailing divisions accounted for the largest share...

U.S.-based Visa Inc., one of the world's largest bank card companies, posted a 26 percent increase in net profit to $3.959 billion for the first quarter of fiscal 2021-2022 that ended Dec. 31, the company said in a statement. On a per common share basis, diluted earnings were $1.83 compared to...

Consumers who sought relief from the pandemic used their credit cards to eat and dine out and go out on holidays which helped American Express Co to report quarterly profits that beat estimates of the market as the lender allied fears of any large and significant effect of the latest wave of the...

General Motors announced a $7 billion investment in Michigan on Tuesday, much of it geared at drastically increasing manufacturing of full-size electric pickup trucks, escalating a struggle with competitor Ford Motor Co for EV supremacy in North America.   Both American automakers, on...

Companies specialising in short-selling stocks have earned $114bn since the start of the year, an 11.6% increase on the full year last year. The most lucrative short-selling bets on the stock market were bets against electric car maker Tesla and video service Netflix, analysts calculated. Profits...

Despite the regulatory threats facing the deal and investors now lambasting the overwhelming majority of such vehicles, stocks of the blank-check acquisition company that decided to merge with former President Donald Trump's social media venture have surpassed every other...

The Japanese tech giant Sony is likely to add additional technology partners to its electric vehicle (EV) initiative with the aim to help it construct a mobility business that will transform automobiles from transportation machines to entertainment areas, said reports quoting an executive of the...