Business
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Equity indices close lower; Nifty, Sensex down 1% each
New Delhi: India’s key equity indices — Sensex and Nifty – widened its opening session losses to settle sharply lower on Monday. Rising crude oil prices amid no signs of settling down…
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Saudi Aramco’s net profit rose by 124% in 2021
Riyadh: The Saudi Aramco announced that its net income in 2021 rose by 124 per cent, reaching $110 billion. The Saudi oil giant also declared a fourth-quarter dividend of $18.8 billion, to be…
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Tesla named ‘most trusted’ brand developing fully-autonomous vehicles
San Francisco: Elon Musk-owned electric vehicle company Tesla was recently named the “most-trusted” brand in the pursuit of fully-autonomous vehicles, according to a new study. The study surveyed consumer perception regarding fully-autonomous vehicle…
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Investors bag Rs 19 lakh crore as Sensex up 5,000 pts in 8 sessions
New Delhi: After a sharp decline after the war broke out between Russia and Ukraine, the Indian equity benchmark Sensex has risen over 5,000 points in the past eight trading sessions –…
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Suzuki Motor to invest $1.3 bn for EV production in India: Report
New Delhi: As Elon Musk refuses to listen to Indias demand to manufacture Tesla cars in the country, Japanese automaker Suzuki Motor is set to invest about 150 billion yen ($1.26 billion)…
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India expected to have over 100 new unicorns in 2022: HDFC Securities
New Delhi: Accelerated funding activity is expected to create over 100 unicorns in India during 2022. According to HDFC Securities, funding activities have created 42 unicorns in 2021. In financial parlance, a…
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Foxconn aims to get 5% of global market share for EV business by 2025
Beijing: Foxconn, the world’s largest electronics contract manufacturer and Apple’s main iPhone supplier, is planning to capture around 5 per cent of the market share globally in the electric vehicles (EV) by…
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Ola Electric to raise e-scooter prices in next purchase window
New Delhi: Ola Electric has announced that it will be raising prices of S1 Pro e-scooters in the next purchase window. The firm is slated to commence the next purchase window on…
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Mercedes-Benz India to increase model prices from April
New Delhi: Luxury carmaker Mercedes-Benz India on Thursday announced an upward revision in price of its entire model range effective from April 1. According to the company, the imminent price correction would…
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Ukraine legalises cryptocurrency to fight Russian invasion
Kiev: Ukraine has legalised cryptocurrency as the country received donations worth tens of millions of dollars from individuals and groups to help it fight the Russian invasion. Ukraine President Volodymyr Zelensky has…
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Nickel impact: Tesla EVs get costlier, cheapest car at $46,990
New Delhi: Hit by soaring raw material prices and global chip shortage, Elon Musk-run Tesla has increased prices across its line-up for electric vehicles (EVs), and the cheapest Model 3 Rear-Wheel Drive…
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Chinese tech stocks tank over geopolitical risks, COVID lockdowns
Beijing: Covid-19 lockdowns and China’s position on the Ukraine conflict led to tech shares rout on Tuesday, slashing billions of dollars from the likes of Alibaba Group Holding and Tencent Holdings in…
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Elon Musk to resign from Endeavor Board of Directors
Washington: Tesla founder Elon Musk will resign from the board of directors of Endeavor Group Holdings, the Hollywood conglomerate whose properties include the William Morris talent agency and Ultimate Fighting Championship. As…
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Air fares to go sky-high as jet fuel prices surge
New Delhi: Exorbitant jet fuel prices on the back of high crude oil costs are expected to drive up domestic air fares from their current levels. In recent days, fares have risen…