Govt orders probe into Tata Nexon EV fire incident

New Delhi (IANS) The government has ordered a probe into Tata Motors' Nexon EV fire incident in Mumbai, as the company was investigating the "isolated thermal incident".

The Defence Research and Development Organisation (DRDO), which was…

Indian auto ancillaries moving towards EVs, green manufacturing

Chennai (IANS) Sensing a global opportunity in the electric vehicles (EV) segment, Indian automotive ancillaries are shifting gears in sync with the trend, said a top industry sector official.

Many of the players in the $46 billion (FY21) industry…

DoT scraps 3% floor rate on 5G spectrum usage charge

New Delhi (IANS) In a big relief for telecom companies, the Department of Telecommunications (DoT) has scrapped the 3 per cent floor rate on spectrum usage charge (SUC).

As the government prepares for 5G spectrum allotment next month, the telcos…

India's steel industry could face $184 bn stranded asset risk: Report

New Delhi (IANS) The steel industry could face $518 billion in stranded asset risk as countries work towards meeting their long-term carbon neutrality commitments, if the 345.3 million tonnes per annum (mtpa) of emissions-heavy blast furnace basic…

Sterlite Copper's exit from TN gives bad signal for new investors

Chennai (IANS) The decision of Vedanta Ltd to sell its 4,00,000 ton per annum (tpa) copper smelter plant and refining complex at Tuticorin gives a bad signal for any prospective investors in the city as well as in Tamil Nadu, said businessmen.

Tata Group's Air India to expand its fleet

Chennai (IANS) Tata group's Air India plans to expand its fleet in a couple of year's time.

The proposed new aluminium birds will be a mix of narrow and wide bodied from the two manufacturers, Airbus and Boeing, media reports said.

About 1,100 workers resume duty at Ford India's Chennai plant

Chennai (IANS) About 1,100 workers have resumed work at the Ford India Private Ltd's Maraimalainagar plant near here even though an agreement between the workers' union and the management on severance package has not been reached, sources…

Bitcoin falls below $18K, Ethereum down 80% in freezing crypto winter

New Delhi (IANS) Leading cryptocurrency Bitcoin dropped below $18,000 per digital coin on Sunday -- a massive over 70 per cent drop from its record high of $68,000 in November last year -- as mayhem in the crypto market continued.

Overall,…

Revlon surges 62% in trade after Reliance Industries said to weigh offer

New York (IANS) Revlon Inc shares surged as much as 62 per cent in New York trading after media reports said Reliance Industries Limited (RIL) is considering buying the cosmetics giant.

Reliance Industries, controlled by billionaire Mukesh…

India has $85 bn opportunity in $500 bn global chip supply chain market

New Delhi (IANS) India has a $85 billion opportunity in the global $500 billion semiconductor manufacturing supply chain market comprising materials (gases, chemicals, minerals, equipment and services), a new report showed on Friday.

The Indian…