Bargain Hunters Scouring For Distressed Sectors May Eye India's Road Developers
Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Indian stocks are positioned for a second day of gains, helped by a risk on tone in Asian markets and a sharp decline in volatility index back home. The prospects of ample rainfall could further boost sentiment, benefiting a host of sectors while helping ease inflationary pressures.
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Associated Press
18 minutes ago
- Associated Press
Risetcar's driverless taxis are performing well in the US, with Jakarta operations set to launch soon
BOSTON, MA, Aug. 02, 2025 (GLOBE NEWSWIRE) -- Risetcar, an autonomous transportation technology company, has launched its self-driving taxi service in several US cities and achieved encouraging results. The company has received positive customer feedback and generated stable profits. This success is due to a precise distribution strategy that utilizes high frequency, small batches, and a controlled number of vehicles. This approach creates an efficient and environmentally friendly transportation system. Risetcar's Jakarta-based operations are scheduled to officially begin operations in October 2025, marking a new chapter in its Southeast Asian expansion. Risetcar is establishing a local operations system to accelerate technical training, system integration, and coordination with local partners and the city government. A spokesperson for Risetcar Indonesia stated, 'We believe Indonesia has great potential for the application of autonomous vehicle technology. With regulatory support and infrastructure development, Jakarta will be one of the first cities in Southeast Asia to experience the benefits of self-driving taxis.' Risetcar also stated that it is committed to continuously expanding the potential of autonomous transportation through technological advancements and cross-industry collaborations, including autonomous delivery of goods and partnerships with more logistics providers. Social Links Telegram: X: Media contact Brand: Risetcar Contact: Media team Email: [email protected] Website:
Yahoo
an hour ago
- Yahoo
5 Japanese Cars That Will Have Massive Price Drops in the Fall of 2025
Summer is halfway over, which means you can start looking forward to not just cooler weather, but hot deals on cars. If you are in the market for a new ride and have your sights set on a Japanese brand of car, there's good news on the horizon: during the fall of 2025 several makes and models from Japan are set to see their prices go down, potentially giving drivers a good deal to get behind the wheel. See Next: Try This: GOBankingRates got in touch with Alex Black, automotive expert and chief marketing officer of EpicVIN. He shared the five Japanese cars that will have massive price drops in fall of 2025 based on EpicVIN auction trends and dealership stock. 2021 to 2023 Toyota Camry Estimated Price Drop: $2,000 and $2,500 Toyota produced too many of these Camrys before focusing more attention on hybrids. Black has seen lots of used ones available at the dealers and customers desire SUVs, with large discounts will likely sell through metal ahead of 2026 deliveries. For You: 2020 to 2022 Honda Accord Estimated Price Drop: $1,800 and $2,200 'The new-gen Accord isn't selling like Honda expected,' Black said. 'More used Accords are entering the market as leases expire. More of a good thing? No, it means resale values decrease.' 2022 and 2023 Nissan Altima Estimated Price Drop: up to $3,000 According to Black, the Altima market is slow for Nissan and fleet renters are disposing of thousands in the fall. 'That'll bring the private market prices lower as well,' Black said. 2020 to 2022 Subaru Impreza Estimated Price Drop: $1,500 and $2,000 'Crosstrek and Outback are winning over Subaru customers,' Black explained. 'The sparkle of Impreza has worn off and used ones are stockpiling at the dealership.' 2021 Mazda CX Estimated Price Drop: around $2,000 In Black's professional opinion, the car market's full of mini crossovers nowadays. 'Mazda's putting out new CX versions, so used CX-5s will need to be priced lower to be competitive,' Black said. 'We're getting advance pre-season signals that prices of a few favorite Japanese rides are heading south later in the fall,' Black explained, adding a pro tip to buyers hoping to cash in on the drop in pricing in the second half of 2025. 'If you're purchasing later this year, go bargain hunting in late October or early November. That's the time of year car people panic to make year-end clearance-doubly so if interest rates remain high and buyers continue to wait.' More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 10 Unreliable SUVs To Stay Away From Buying How Far $750K Plus Social Security Goes in Retirement in Every US Region This article originally appeared on 5 Japanese Cars That Will Have Massive Price Drops in the Fall of 2025
Yahoo
an hour ago
- Yahoo
Gold demand in key Asian hubs improves amid price correction
By Rajendra Jadhav and Anmol Choubey (Reuters) -Physical gold demand in key Asian markets improved slightly this week as a pullback in prices sparked buying interest, though volatility kept some buyers cautious. Spot gold hit its lowest level in a month on Wednesday and was headed for third consecutive weekly loss. [GOL/] Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation "This week, footfall was better than last week. Buyers were inquiring about price trends and making small purchases," said a Pune-based jeweller. Domestic gold prices were trading around 97,700 rupees per 10 grams on Friday after rising to 100,555 rupees last week. Discounts offered by Indian dealers narrowed to as much as $7 an ounce over official domestic prices, inclusive of 6% import and 3% sales levies, compared to up to $15 last week. Jewellers were keen to make purchases to replenish inventory after a correction in overseas prices, but a significant drop in the rupee offset the impact of the price fall to an extent, said a Mumbai-based bullion dealer with a private bank. India's gold consumption in 2025 is set to fall to a five-year low, as record-high prices are denting jewellery purchases, the World Gold Council said on Thursday. In China, dealers quoted gold in a wide range, between a discount of $4.2 and a premium of $12 per ounce above international rates. "China appears to slightly buy the dip in gold... trading volume for the physical proxy contract AU9999 on the Shanghai Gold Exchange has been on the rise (11 tons traded yesterday), reflecting a renewed interest in the metal," said Hugo Pascal, a precious metals trader at InProved. In Hong Kong gold was sold at par to a $1.50 premium, while Singapore prices ranged from par to a $1.40 premium. In Japan, bullion was sold at par to a premium of $0.60. "There was lots of demand to buy if the price dropped even slightly. Regardless of the Japan-U.S. trade deal, gold is being purchased as an asset class amid low interest rates," a Japan-based trader said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
