Business Economy


Michelin India launches services store

Vijayawada, June 30 (UNI) Michelin, the world’s leading tyre technology company, has launched their first Tyres Services store in Vijayawada in partnership with Sanghvi Car Shoppe.

The launch further strengthens Michelin’s retail presence in Southern India, following recent launches in Kochi and Bengaluru.
The company has more than 15 touch points across cities of Bengaluru, Kochi and Vijayawada. The store is located at the bustling MG Road, Chandra Mouli Puram, Sriram Nagar and is equipped with state-of-the-art infrastructure and diagnostic tools to deliver a comprehensive range of services.

From precision tyre fitment and road force wheel balancing to advanced alignment systems, the facility is designed to meet the evolving needs of Vijayawada city’s premium vehicle owners. The store was inaugurated by Prashant Sharma, National Sales Manager at Michelin India, along with the Sanghvi Car Shoppe team to commemorate the milestone event.

Speaking at the inauguration, MShantanu Deshpande, Managing Director, Michelin India, said, “The launch of our first Michelin Tyres Services store in Vijayawada marks a significant milestone in our expansion strategy for the southern market." UNI DP SSP
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AU SFB partners with LIC to expand life insurance access across country

01 Jul 2025 | 12:49 AM

Hyderabad, June 30 (UNI) AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank, today announced a strategic partnership with Life Insurance Corporation of India (LIC), the country’s largest life insurer, to expand life insurance access across the country.

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AM Green Group acquires 17 5 pc stake in Greenko Energy Holdings from ORIX

30 Jun 2025 | 10:33 PM

Kakinada (Andhra Pradesh), June 30 (UNI) AM Green BV today said it has signed definitive documents to acquire 17.5 per cent equity stake in Greenko Energy Holdings from ORIX Corporation, through its wholly owned subsidiary AM Green Power BV.

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Aukera secures $15 mn funding to further cement lead in lab-grown diamond jewellery

30 Jun 2025 | 10:29 PM

Hyderabad, June 30 (UNI) Aukera, the pioneering lab-grown diamond jewellery company, today announced that it has raised $15 million in growth capital led by Peak XV Partners with follow-on participation from existing investors including Fireside Ventures, Sparrow Capital, Prath Ventures and Alteria Capital.

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Adani Green becomes first Indian renewable power firm to surpass 15 GW Capacity

30 Jun 2025 | 10:09 PM

Mumbai, 30 June (UNI) The Adani Group's renewable energy company Adani Green Energy (AGEL) announced in an exchange filing today that it has become the first Indian company in its field to surpass 15,000 megawatts (MW) or 15 gigawatts (GW) of installed operational capacity.

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Kottayam-Kochi Rubber Market Rates

30 Jun 2025 | 4:37 PM

Kottayam, June 30 (UNI) Following were the Rubber Market rates announced by the Rubber
Board here today per quintal
KOTTAYAM
RSS FOUR: 20100
RSS FIVE : 19800
ISNR TWENTY: 17900
SIXTY PERCENT LATEX: 14265
KOCHI
RSS FOUR : 20100
RSS FIVE : 19800
INTERNATIONAL RATES (BANGKOK)
RSS One : 19835
RSS Two : 19678
RSS Three: 19533
RSS Four : 19454
RSS Five : 19336
KUALALUMPUR
SMR TWENTY : 14545 ($170.00)
SIXTY PERCENT LATEX : 12042 ($140.75)
UNI PA BM.

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