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India’s open for business push has local quirks

BREAKINGVIEWS-India’s open for business push has local quirks The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Shritama Bose MUMBAI, Sept 20(Reuters Breakingviews) - Prime Minister Narendra Modi has spent much of the past decade lowering barriers to foreign investment in India. Yet a growing list of firms including BlackRock BLK.N , BMW BMWG.DE and Shein are expanding in the country in partnership with local tycoons.
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Mercedes-Benz trims 2024 core profit outlook again after China sales fall

UPDATE 1-Mercedes-Benz trims 2024 core profit outlook again after China sales fall Adds details paragraph 2 onwards FRANKFURT Sept 19 (Reuters) - Mercedes-Benz MBGn.DE on Thursday cut its full-year profit margin for the second time in less than two months, after overall sales volume fell in China. The ongoing weakness of the Chinese market for luxury cars prompted the Stuttgart carmaker to trim its outlook after having already done so as recently as July.
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Europe’s CO2 fines undermine carmakers’ progress

BREAKINGVIEWS-Europe’s CO2 fines undermine carmakers’ progress The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Neil Unmack LONDON, Sept 19 (Reuters Breakingviews) - Europe’s carmakers are asking for help on the bloc’s carbon emissions rules, which imply steep fines starting next year. Governments can help the industry swerve the crunch relatively easily, but the bigger question is whether politicians are willing to do what’s necessary to help hit
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DeepDrive raises $33.5 mln to scale up cheaper, efficient EV motors

DeepDrive raises $33.5 mln to scale up cheaper, efficient EV motors By Nick Carey LONDON, Sept 19 (Reuters) - German startup DeepDrive said on Thursday it had raised 30 million euros ($33.5 million) from investors to scale up and produce efficient, lower-cost "dual rotor" electric vehicle motors for major automakers. The Series B fundraising round was led by tech venture capital fund Leitmotif and included fresh capital from existing investors including BMW i-Ventures and co-pace, the venture ca
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BMW, Kingfisher, Spectris

EUROPE RESEARCH ROUNDUP-BMW, Kingfisher, Spectris Sept 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Kingfisher and Spectris, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : Citigroup raises to neutral from sell * Entain ENT.L : Berenberg raises target price to 1,030p from 1,020p * Kingfisher KGF.L : Citigroup raises target price to 301p from 292p * Spectris SXS.L : HSBC cuts to hold from buy * Whitbread WTB.L : Goldman Sachs cu
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