New 24-hour Indian Railways train ticket refund scheme, Vande Bharat sleeper, launch of final stretch of the Udhampur-Srinagar-Baramula Rail Link project, a “super app” for railway passengers and the India’s first vertical lift railway bridge – these are just some of the things that the Ministry of Railways is proposing as part of its 100-day…
NEW DELHI: Skoda Volkswagen India has said that govt should reserve 5% GST benefit only for electric vehicles (EVs) that are under four-metres in length because supporting bigger and expensive cars will put pressure on the exchequer and finances. Skoda Volkswagen India said govt should focus on smaller-sized vehicles for giving out subsidies to make…
MUMBAI: RBI governor Shaktikanta Das has urged banks to increase their involvement in the rupee derivatives market, both domestically and internationally, and to ensure that retail customers are not disadvantaged in the foreign exchange market. He also called on banks to stop providing services to unauthorised forex platforms.“Although banks and other market participants have made…
MUMBAI: Precious metals are having a golden run. Gold prices on Monday jumped by over Rs 1,500 to record Rs 71,100/10gm crossing the Rs 70,000-milestone for the first time amid heightened geopolitical risks and aggressive buying by central banks. Silver, too, joined the party, crossing the Rs 80,000/kg-level for the first time as prices jumped…
MUMBAI: Tata Electronics is in an advanced stage to take control of Taiwanese company Pegatron‘s India unit as it looks to expand its electronics manufacturing business and strengthen its relationship with Silicon Valley tech heavyweight customer Apple. The deal, if concluded, will be Tata Electronics’ second acquisition after Wistron InfoComm Manufacturing (India).A Tata Group source…
MUMBAI: India’s market capitalisation crossed the Rs 400-lakh-crore milestone on Monday – adding a little over Rs 100 lakh crore in the last nine months – riding on the back of a resilient domestic economy despite global jitters, good corporate results and strong buying by institutional investors. As the sensex and the nifty both scaled…
TASL & Satellogic launched TSAT-1A, India’s first private sub-metre res earth observation satellite. It offers high-res images to Indian armed forces, surpassing Isro’s resolution. The satellite, in an inclined orbit, received support from Indian authorities for permissions. Source link
Tesla in India soon? Elon Musk, the CEO of Tesla Motors, seems to have dropped a big hint about the electric car marker’s entry into India. According to a Reuters report, Elon Musk has said, “The natural progression is to provide Tesla electric vehicles in India.” Musk’s statement is being seen as a big sign…
Byju’s salary update: The edtech major Byju’s, which is facing financial challenges, has started paying salaries for March and aims to complete the process by April 18. The management team informed employees that due to issues with accessing funds from a rights issue, they have arranged an alternative credit line to ensure timely payments. According…
India is in a mini-Goldilocks! Motilal Oswal Financial Services in its latest report titled, “April 2024 India Strategy” has said that “India is big, bold and blazing!” According to MOFSL’s report, India is currently enjoying favorable macroeconomic conditions, marked by robust corporate earnings, stable interest rates, moderate inflation, and consistent policy momentum.This positive environment is…
