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Tesla to scout sites in India for $2 billion-$3 billion EV plant: Report

April 3, 2024 19:52 IST

The company will send a team from the United States by late April to study sites for the plant, with a focus on states that have automotive hubs such as Maharashtra, Gujarat and Tamil Nadu, the report said, citing people familiar with the matter.

RBI starts three-day MPC meet to decide on short term lending rate

April 3, 2024 17:55 IST

The central bank is expected to focus more on inflation control as concerns over economic growth are abating. RBI is also expected to maintain a ‘withdrawal of accommodation’ policy stance as it observes the impact of global headwinds on key economic determinants.

India to build first commercial crude oil strategic storage

April 3, 2024 16:51 IST

Indian Strategic Petroleum Reserves Ltd (ISPRL), a special purpose vehicle created by the government for building and operating strategic petroleum reserves in the country, has invited bids for constructing 2.5 million tonnes of underground storage at Padur in Karnataka, according to the tender document.

Vodafone Idea gets shareholders’ nod to raise up to Rs 20,000 crore

April 3, 2024 17:02 IST

VIL in a BSE filing informed about the voting results of the EGM, where 99.01 per cent of the overall votes were cast in favour of the resolution pertaining to "issuance of securities up to an aggregate amount of Rs 20,000 crore".

Indirect tax collection for FY24 exceeds RE by ‘handsome’ margin: CBIC chief

April 3, 2024 16:04 IST

Lauding the efforts of tax officials, CBIC chairman Sanjay Kumar Agarwal, in a letter to field officials, said, "I am happy to inform that the indirect tax collections for the Financial Year 2023-24, including Customs and Union Excise Duty have exceeded the Revised Estimates by a handsome margin.”

Brent oil futures above $89 a barrel as supply risks intensify

April 3, 2024 14:57 IST

Prices jumped higher on Tuesday after a fresh round of Ukrainian drone attacks on Russian refineries threatened to take even more of the country's processing capacity offline.

Air India launches revamped customer reward programme

April 3, 2024 14:27 IST

In its first overhaul in more than a decade, the revamped loyalty programme, Flying Returns, moves away from the legacy model of miles-based collection of points to a fairer, more equitable spend-based approach, Air India said in a statement.

Toyota looks to introduce more premium models in India

April 3, 2024 13:57 IST

The company, which sells models like Innova and Fortuner, on Wednesday expanded its range in the country with the introduction of entry-level SUV Urban Cruiser Taisor.

High crude oil prices a cause for concern, says oil secretary Pankaj Jain

April 3, 2024 13:05 IST

As a consuming nation any increase in prices will cause concern and anxiety, Jain said at an industry event, referring to the "geopolitical premium" in crude prices.

Forbes World’s Billionaires List 2024: Mukesh Ambani is richest Indian, country now has 200 billionaires

April 3, 2024 12:32 IST

The US has a record 813 billionaires followed by China with 473 billionaires. India added 31 more billionaires in the list compared to last year with the number now reaching 200.

Adani Green Energy becomes India’s first company with 10,000 MW renewable energy capacity

April 3, 2024 13:10 IST

The company has brought 2,848 MW renewables capacity on stream in FY24, according to a company statement. AGEL's operational portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid capacity.

Sony’s Indian subsidiary seeks to increase subscriber base, revenue in FY25: CEO

April 3, 2024 12:52 IST

The company will be taking experiences and lessons from FY24, as stepping stones for what lies ahead, he wrote to employees in an internal newsletter.

Sensex, Nifty fall in early trade amid negative global trends

April 3, 2024 10:39 IST

The 30-share BSE Sensex declined 281.18 points or 0.38 per cent to 73,622.73. The NSE Nifty dipped 93.15 points or 0.41 per cent to 22,360.15.

Stock Market Highlights: Nifty falls below 22,500 mark in highly volatile session

April 3, 2024 16:06 IST

Stock Market Highlights: Indian benchmark indices rebounded after opening in red. Midcap index remain an outliner after trading marginally higher.

Despite higher valuation, optimism and faith leading to investments in India: SEBI Chief

April 3, 2024 09:48 IST

In the last 12 months, Rs 10.5 lakh crore has been raised by the industry from the capital markets.

Manufacturing PMI at 16-year high as new orders jump in Mar

April 3, 2024 05:15 IST

The survey, however, pointed out that there was a mild pick-up in cost pressures during March, with cost pressures at the highest level in five months.

India’s Russian oil imports flow heavy despite tighter sanctionsSubscriber Only

April 3, 2024 19:51 IST

Indian refiners are now refusing to take delivery of crude transported by Sovcomflot tankers in an evident bid to steer clear of any secondary sanction risk

Zee CEO Punit Goenka takes 20% pay cut in cost-cut push

April 2, 2024 20:43 IST

Goenka's annual remuneration was 350.71 million rupees ($4.21 million) as of March 31 last year. Zee did not immediately respond to a request for the latest figures.

Tesla misses Q1 delivery estimate on slowing EV demand, tough competition

April 2, 2024 19:45 IST

Tesla shares fell 6.9% before the bell, adding to the nearly 30% slide in value so far this year.

GE Aerospace becomes independent public company

April 2, 2024 22:31 IST

The company will trade on the New York Stock Exchange under the ticker 'GE' from Tuesday.

OPEC+ unlikely to recommend oil output policy changes: Report

April 2, 2024 18:05 IST

Oil has rallied this year, underpinned by tighter supply and attacks on Russian energy infrastructure and war in the Middle East. Brent crude reached $89 a barrel on Tuesday, up from $77 at the end of 2023.

India commanding higher valuations on investors’ optimism and trust: Sebi chief

April 2, 2024 16:47 IST

A few weeks ago, Madhabi Puri Buch had flagged concerns on high valuations in segments of small and midcap stocks, stating that it could be becoming into a bubble.

SpiceJet to soon receive Q400 plane as part of settlement with lessor

April 2, 2024 17:20 IST

The airline has settled all past liabilities for the Q400 planes leased from NAC, and under the settlement agreement it already has five Q400 aircraft.

India, Eurasian Economic Union bloc officials hold talks to formally start negotiation for FTA

April 2, 2024 16:11 IST

The five members of the EEU are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. Russia is the top trading partner of India in the bloc, with bilateral trade worth USD 49.4 billion in FY23.

The court said its order required disclosure, specifically of all details of the bonds, including the names of the purchaser, the amounts and the dates of purchase.

SBI refuses to disclose SOP for sale, redemption of electoral bonds in RTI reply

April 2, 2024 16:37 IST

She said the SOPs would reveal the official instructions governing the particulars of information that were to be stored as well as the form and manner in which information was to be maintained by the bank on the sale and redemption of the electoral bonds.