$5 billion cash reserves keep Maruti Suzuki on the road in Q4, FY20, Auto News, ET Auto

Financial income of Rs 3,420 crore of Maruti Suzuki was close to 50% of profit before tax in FY20.
Money cash flow of Rs three,420 crore of Maruti Suzuki was shut to fifty% of revenue prior to tax in FY20.

Mumbai: Close to $five billion of cash reserves came to the rescue of Maruti Suzuki, India’s premier motor vehicle maker, in the fourth quarter of FY20 as passenger vehicle sales declined the most in a long time. The company’s financial cash flow from investments exceeded profits from the main business of earning and offering vehicles.

Money cash flow of Rs three,420 crore was shut to fifty% of revenue prior to tax in FY20. That compares with running revenue (EBIT)

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5 Untapped Markets For Formula E Sponsorship

It’s fair to say that Components E has seasoned some serious progress, specially amongst young generations. Even nevertheless the sport’s fanbase is getting older, 72% of its followers on social media channels are under 35 decades aged, and the numbers obtaining developed by 212% in the 2018/2019 year. In the meantime, Components E has declared report revenues from its preliminary numbers for 2018/19, stating revenue of about €200 million, an enhance of 50%.

Right after decades of losses, it looks the sport is last but not least experiencing good occasions and sponsorship has accounted for a sizeable part of the

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