CATEGORIES

Tesla plans to manufacture new e-vehicles in mid-2025

TESLA HAS TOLD suppliers it wants to start production of a new mass market electric vehicle codenamed \"Redwood\" in mid-2025, according to four people familiar with the matter, with two of them describing the model as a compact crossover.

SAP to restructure 8,000 jobs in push towards AI-led biz

SHARES OF SAP SE jumped 7% to an all-time high after the German software firm forecast growth in cloud revenue and said it will restructure roles for 8,000 jobs to focus on growth in artificial intelligence (AI)driven business areas.

Indices gain heavyweights, gain on buying in global cues

INDIAN EQUITIES HALTED their two-session losing run to stage a smart recovery on Wednesday, spurred by buying in heavyweights HDFC Bank and Reliance Industries.

Liquidity deficit at a 14-year high of ₹3 trn

THE BANKING SYSTEM liquidity deficit breached the 3-trillion mark to hit a 14-year high, pushed by lower government spending, outflow towards tax payments and sluggish growth in deposits.

Fronx fastest new model to reach 100K sales mark

MARUTI SUZUKI'S CROSSOVER SUV, the Fronx, has become the fastest-ever all-new model to reach the 100,000-unit sales mark.

Premji gifts Wipro shares worth ₹500 crore to sons

AZIM PREMJI, FOUNDING chairman of Wipro, last week gifted a little over 10 million Wipro shares to his sons Rishad and Tariq. The gifted shares are valued at about ₹500 crore.

Birlasoft's profit rises 11% in Q3 to ₹161 cr

BIRLASOFT'S NET profit grew by 11% quarter on quarter (q-oq) to ₹161 crore in the third quarter of FY24. The IT firm's net profit in the preceding quarter was ₹145 crore.

Bajaj Auto profit up 37% to ₹2K cr; revenue rises 30%

Strong festive sales and cost management aided growth

After merger fallout, Sony eyes new acquisitions

Setting up company for the future, CEO tells employees

Tata Steel back in black but misses Street estimates

Rides on demand from the domestic market

El Nino may persist till May: IMD chief

AMID CONCERNS OVER the absence of snowfall and rains over the hills this season, the India Meteorological Department (IMD) expects the persisting El Nino conditions to turn 'neutral' prior to the start of monsoon season in June. Neutral El Nino conditions imply that it would not have an adverse impact on the monsoon rains next season.

Will fight LS polls alone in Bengal, says Mamata

THE SPUTTERING INDIA alliance took a damaging hit on Wednesday as two partners said they were calling off seatsharing talks. While seat discussions in both West Bengal and Punjab were expected to be tricky, the timing and wording of the declaration by the Trinamool Congress and Aam Aadmi Party - days after the BJP's Ram Temple crowning moment, and putting the onus on the Congress - will hurt the coalition.

Battery storage PLI: Govt invites bids for setting up ACC units

THE CENTRE ON Wednesday announced re-bidding under a PLI scheme for advanced chemistry cells (ACC) to select bidders to set up mega battery manufacturing facilities of 10 GWh capacity with a budgetary outlay of ₹3,620 crore.

₹2.2-trn outlay likely for food subsidy

THE GOVERNMENT IS likely to allocate around ₹2.2 trillion for food subsidy for 2024-25 in the interim Budget, 10% more than the outlay for the current fiscal.

Manufacturing, services robust in January: PMI

THE HSBC FLASH India composite Purchasing Managers' Index (PMI) rose to 61.0 in January from 58.5 in December in the backdrop of strong demand conditions, a release by S&P Global said. The latest figure pointed to the sharpest rate of growth since September 2023.

Nod to coal gasification plan

CIL to set up separate JVs with GAIL, BHEL

Zee-Sony battle moves to NCLT

Goenkas to also contest $90-million claim in Singapore tribunal

Sebi breather for high-risk FPIS

To get more time to comply with new disclosure norms

Ex-Bihar CM Karpoori Thakur to get Bharat Ratna posthumously

TWO-TIME BIHAR chief minister Karpoori Thakur has been named for the country's highest civilian award Bharat Ratna posthumously, a Rashtrapati Bhawan communique said on Tuesday on the eve of the birth centenary of the fountainhead of OBC politics in Bihar.

Why KS Bharat fits the bill as wicket keeper for Eng series

IN 2019, MORE than a year after Rishabh Pant made his debut, as South Africa came visiting, India sprung a surprise.At Visakhapatnam, they drafted in another wicketkeeper Wriddhiman Saha ahead of Pant. Saha hadn't played a Test for 20 months.

Oppenheimer leads Oscar nominations

CHRISTOPHER NOLAN'S SUMMER blockbuster \"Oppenheimer\" emerged as the top contender at the 96th Academy Award nominations where it is closely followed by Yorgos Lanthimos' \"Poor Things\" and another muchbuzzed title of 2023, Martin Scorsese-directed \"Killers of the Flower Moon\".

Trump seeks victory in New Hampshire

DONALD TRUMP IS aiming for a commanding victory on Tuesday in New Hampshire, securing a sweep of the first two Republican primary races that would make a November rematch with President Joe Biden look more likely than ever.

Israeli troops suffer worst Gaza losses

TWENTY-FOUR ISRAELI soldiers were killed in Israel's worst day of losses in Gaza, the military said on Tuesday, as its forces encircled southern Gaza's main city, trapping Palestinian residents trying to flee.

Absurd that India doesn't have a permanent UNSC seat: Musk

TESLA CHIEF ELON Musk recently said it is \"absurd\" that India does not have a permanent seat on the United Nations Security Council (UNSC) despite being the most populous country, as he called for an overhaul of the United Nations organs.

'We aim to be a ₹5K-cr revenue firm by 2025'

Bottled water company Bisleri International has been working overtime to increase its manufacturing capacity and to expand the distribution footprint for its carbonated beverage portfolio to reach its ambitious growth target.

ICICI plans to cut hiring pace

ICICI BANK IS planning to reduce the pace of its hiring growth in the coming quarters.

Banks outsource key tech functions to rein in costs

WITH LENDERS LOOKING to beef up their IT platforms, banking technology companies are doing brisk business. Several lenders are outsourcing key functions to these service providers to keep costs in check. The market for the banking technology industry is estimated at $16 billion. This is expected to more than double in the next 10 years.

Axis Bank Q3 profit rises 4%; NIM contracts, NPAs decline

AXIS BANK ON Tuesday reported a 4% rise in its net profit to ₹6,071 crore for the third quarter of the current financial year.

REC to be nodal agency for PM's rooftop solar scheme

THE MINISTRY OF new and renewable energy has designated REC as the nodal agency for the implementation of Pradhan Mantri Suryodaya Yojana, aimed at installing rooftop solar at 10 million households, the company's chairman and managing director Vivek Kumar Dewangan said on Tuesday.

JSW Energy's Q3 profit rises 29% to ₹231 crore

JSW ENERGY HAS posted 28.8% rise in consolidated net profit at ₹231 crore, missing Street estimates, mainly driven by strong performance of its thermal power plants.