Business
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Tesla quietly unveils fleet of new electric trucks: Report
San Francisco: Elon Musk-owned electric vehicle company Tesla has quietly unveiled a fleet of new ‘Tesla Semi’ electric trucks as part of its new financial result report. However, there is no word…
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Air India Revamp: New flight App, strategy for better OTP on anvil
New Delhi: National carrier Air India under the Tata brand is set for major revamp in service standards as well as introduction of new passenger friendly amenities. According to sources, on avail…
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Rupee slumps 31 paise to over four-week low of 75.09/USD
Mumbai: Registering its third straight session of loss, the rupee on Thursday depreciated by 31 paise to close at an over four-week low of 75.09 against the US dollar, tracking the strength…
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EV makers urge govt to ease PLI norms, expand charging infra
New Delhi: As India begins the journey to popularise the adoption of electric vehicles, leading EV startups said on Thursday that the government should not only introduce standardised EV charging infrastructure across…
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6 mn electric cars likely to be shipped in 2022: Gartner
New Delhi: Six million electric cars (battery electric and plug-in hybrid) are likely to be shipped globally in 2022, up from 4 million in 2021, a Gartner report showed on Thursday. The…
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Rupee falls 41 paise to 75.19 against US dollar in early trade
Mumbai: The rupee declined 41 paise to 75.19 against the US dollar in opening trade on Thursday, tracking the strength of the American currency after hawkish US Fed policy stance. Forex traders…
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Essar’s JV to set up UK’s largest hydrogen hub
New Delhi: Conglomerate Essar and Progressive Energy have formed a new joint venture, Vertex Hydrogen, to build the UK’s largest hydrogen hub at the Stanlow Manufacturing Complex. Led by Essar as the…
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Specialty chemicals maker Neogen’s shares double in 1 year guided by PLIs
New Delhi: Shares of Neogen Chemicals have more than doubled in the past one-year period after the Centre announced production-linked incentives (PLIs) for specialty chemical manufacturers. The 30-year-old company, founded by Haridas…
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Tesla officially enters Turkish market
San Francisco: Elon Musk-owned electric vehicle company Tesla has officially entered Turkish market. According to GizmoChina, Emir Tuncyurek, a former consultant of InsideEVs Turkey and co-founder of E-Garaj, will be managing Tesla…
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LG Energy Solution, GM to build $2.1 bn battery factory in US
Seoul: South Korean battery maker LG Energy Solution Ltd said on Tuesday that it would spend $2.1 billion together with General Motors (GM) to build another electric vehicle (EV) battery factory in…
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Hyderabad-based tech startup Darwinbox turns unicorn
Hyderabad: Hyderabad-based technology startup Darwinbox has turned unicorn with the raising of $72 million funding in the latest round for global expansion. With this round, the company’s valuation will cross the $1…
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Budget 2022: Increase in custom duty on Aluminium scrap from 2.5 to 10% is key expectation
New Delhi: As the Indian economy pushes forward to grow at 9 per cent and above over the next few years, a key challenge for the country would be to rebalance its…
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Investors lose Rs 9 lakh crore as Indian stock markets crashed on Monday
Mumbai: Investors in Indian stock markets lost over Rs. 9 lakh crore on Monday as markets have crashed due to FII funds outflow. The Sensex crashed nearly 1,546 points. Yesterday, the BSE…