Tesla will finally start selling its cars in India, with the Maharashtra RTO clearing the way for Elon Musk’s electric vehicle giant to open its first showroom in Mumbai and begin road trials and sales. The Elon Musk-led company is scheduled to inaugurate its first showroom at Bandra Kurla Complex (BKC) in Mumbai on July … Read more
Silver prices in India surged to an all-time high on Friday, crossing Rs 1.11 lakh per kilogram in the spot market as investors turned to safe-haven assets amid deepening global trade frictions and expectations of a softer stance from the US Federal Reserve.On the Multi Commodity Exchange (MCX), silver futures moved past Rs 1.10 lakh/kg … Read more
India Ratings and Research (Ind-Ra) has upgraded Reliance Infrastructure’s credit rating by three notches — from ‘IND D’ to ‘IND B / Stable / IND A4’ — on its non-fund based working capital limits, citing the company’s successful deleveraging to net zero debt and improved debt servicing record.The upgrade marks a significant improvement in the … Read more
The Reserve Bank on Friday said it has imposed a Rs 4.88 lakh penalty on HDFC Bank for contravention of certain norms relating to foreign investment in India while granting a term loan to its client. The central bank also imposed a penalty of Rs 2.70 lakh on Shriram Finance Limited for non-compliance with certain … Read more
India’s foreign exchange reserves declined by $3.049 billion to $699.736 billion for the week ended July 4, according to data released by the Reserve Bank of India (RBI) on Friday.This comes after a sharp rise of $4.849 billion in the previous week, which had taken the reserves to $702.784 billion. The all-time high of $704.885 … Read more
US stocks opened lower on Friday, pulling major indexes off their record highs from the previous session, as investor sentiment turned cautious following President Donald Trump‘s fresh tariff announcements.The S&P 500 fell 0.6% in early trading, while the Nasdaq composite slipped 0.4%. The Dow Jones Industrial Average was down 317 points, or 0.7%. The pullback … Read more
The government on Friday launched its first customer-facing incentive scheme for electric trucks under the PM E-DRIVE initiative, offering up to Rs 9.6 lakh per vehicle. The scheme, announced by Union minister H D Kumaraswamy, has earmarked Rs 500 crore for e-truck incentives out of a total Rs 10,900 crore programme outlay.Targeting industries such as … Read more
Slow US-China trade deal may push Trump’s tariff deadlines Trade deals between the US and China are moving at a pace slower than expected, which may lead to extensions of the current tariff deadlines, according to a report by SBI Funds Management.The report highlighted deadlock amidst ongoing trade talks between both the nations with both … Read more
TCS had previously disclosed in April that salary increases would be postponed due to business uncertainties. (AI image) Employees of Tata Consultancy Services (TCS) will have to wait a little longer for clarity on salary hikes. In its June quarter financial results announcement, India’s largest IT services firm has indicated that decisions regarding salary increases … Read more
The US has expressed fresh concerns at the WTO regarding India’s dairy certification requirements. (AI image) Even as India and the US appear to be in the final leg of talks for an interim trade deal, America has raised issues of India’s dairy certificate requirement at the World Trade Organisation (WTO) again. The US has … Read more