Tesla execs to meet commerce minister as China fumes at India’s BYD plant rejection

New Delhi (IANS) Representatives from Elon Musk-Tesla are reportedly expected to meet Union Commerce Minister Piyush Goyal as early as this month to chalk out a facility to build Rs 20 lakh electric car, as China fumes at New Delhi rejecting BYD Group’s…

Markets see volatility as initial Q1 results below expectations

New Delhi (IANS) Following a flat opening, the Nifty was volatile throughout the day ending in a negative close on Monday.

For investors, the market is buys on dips with a strict stop loss of 19500, and if the Nifty closes below the indicated…

ITC Board accords in-principle approval to demerge hotels business into a new entity

New Delhi (IANS) The Board of Directors of ITC Limited on Monday evaluated and discussed various alternative structures for the Hotels Business towards crafting the next horizon of growth as also enhancing value creation for all stakeholders.

Only 0.8% electric vehicles in country out of 34 crore vehicles registered

New Delhi (IANS) Electric vehicles constitute a miniscule 0.8 per cent of the total number of vehicles registered in the country, despite government pushing for greener vehicles since 2015.

According to an official data, out of the total slightly…

After almost touching 20K expect consolidation

New Delhi (IANS) Markets were on a roll last week and gained on four of the five trading sessions continuously. Alas all good things do come to an end, and market movement too was no exception. Friday, markets saw a sharp correction and they declined…

FPIs invested Rs 43, 804 crore in India in July

New Delhi (IANS) FPI flows into India continue unabated in July, too. India is the largest recipient of FPI flows YTD among emerging markets, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Till July 21, FPIs…

Apple iPhones see 68% growth in India in 2023 1st half, to reach 7% market share

New Delhi (IANS) Apple iPhone shipments saw a 68 per cent (year-on-year) growth in India in the first half of 2023, driven by the iPhone 14 and iPhone 13 series.

In the second quarter (April-June period) alone, there was a strong growth uptick…

Top investors urge PM Modi to reconsider 28% GST on online skill gaming

New Delhi (IANS) An influential group of global and Indian investors like Tiger Global, DST Global, Peak XV Partners, Kalaari Capital, Matrix Partners India, and Kotak Private Equity have urged Prime Minister Narendra Modi to reconsider the decision…

US Congress panel expresses concern over effectiveness of FDA inspections in India

New Delhi (IANS) A committee of the US Congress said that it was particularly concerned about foreign drug inspections conducted in India and China.

In a letter to Food and Drug Administration (FDA) Commissioner Robert M. Califf, Chair of the…

Weak Q1 results by Infosys, HUL drag down Sensex by 800 points

New Delhi (IANS) Weak Q1 results by Infosys and Hindustan Unilever are weighing on Indian indices as the BSE Sensex extended its fall on Friday to 800 points.

HUL's revenue growth of 6 per cent YoY was below our expectations, HDFC Securities…