NEW DELHI: The automobile industry has sought govt support in expediting approvals from the Chinese govt for importing rare earth magnets used in various applications, including passenger cars. As per sources, various domestic suppliers have already sought approval from the Chinese govt through their local vendors in China.However, no approvals have been granted so far,…
NEW DELHI: Indian startups are struggling to grow due to limited domestic investment and restrictive government regulations, warned industry veteran and Aarin Capital Chairman Mohandas Pai, calling for urgent policy reforms and increased R&D funding to boost the ecosystem.He cautioned that despite India’s position as the world’s third-largest startup ecosystem, the nation could lose ground…
Delhi chief minister Rekha Gupta on Sunday announced that the Centre had given a green signal to infrastructure projects worth Rs 24,000 crore, aimed at easing traffic congestion and reducing pollution in the capital and its surrounding areas. Among the key developments is a five-kilometre tunnel connecting Shiv Murti–Mahipalpur on the Dwarka Expressway with Nelson…
Tata Steel will be beginning the construction of its state-of-the-art electric arc furnace (EAF) facility at Port Talbot, Wales, in July 2025, with production expected to commence by 2027. The company confirmed in its FY24-25 annual report that all key approvals for the $1.5 billion project are now in place.Backed by 500 million pounds in…
The public feud between US President Donald Trump and Tesla CEO Elon Musk has turned into both a political and a Wall Street drama, raising investor concerns and exposing the vulnerability of stock markets to sharp moves in major companies.The clash, which played out mostly on social media, triggered a 14% drop in Tesla shares…
Private sector lender HDFC Bank has reduced its benchmark lending rates following the Reserve Bank of India’s (RBI) unexpected decision on Friday to cut the repo rate by 50 basis points in a bid to revive the slowing economy.The bank revised its marginal cost of funds-based lending rates (MCLR) downward by 10 basis points across…
Indian fashion e-commerce giant Myntra has set its sights on international expansion, beginning with Singapore, where it launched its Myntra Global platform last month to cater to the growing Indian diaspora.Nandita Sinha, CEO of the Bengaluru-based company, said the move marks the beginning of a long-term global ambition. “With the launch of Myntra Global in…
Nine of India’s ten most-valued companies collectively added Rs 1,00,850.96 crore to their market capitalisation last week, lifted by broadly positive sentiment in the equity markets. Reliance Industries and HDFC Bank led the gains, reflecting investor confidence.The benchmark BSE Sensex rose by 737.98 points, or 0.90%, during the week, helping major firms register healthy growth…
India’s top listed real estate firms recorded a blockbuster performance last fiscal, with property sales surging past Rs 1.62 lakh crore, marking a jump of over 20% from the previous year. Leading the charge was Godrej Properties, which emerged as the biggest seller among 26 major listed players, clocking pre-sales worth Rs 29,444 crore.The data,…
Planning to buy a car or a house? Your loan just got cheaper. Bank of Baroda, one of India’s top public sector banks, has slashed its repo linked lending rate (RLLR) by 50 basis points, following the Reserve Bank of India’s latest policy cut. With the new rate of 8.15% now in effect from June…