Markets to consolidate in near term

New Delhi (IANS) Markets are expected to consolidate in the near term as investors focus on Q4 earnings season.

“We expect a consolidation in the near term, leading investors to seek refuge in bonds and gold,” says Vinod Nair, Head of Research,…

Elon Musk visits China, likely to promote Tesla's driverless tech: Report

New Delhi (IANS) Tesla CEO Elon Musk has made an "unannounced and surprising" visit to Beijing, according to a media report on Sunday.

Musk's visit has raised hopes for bringing Tesla's autopilot and supervised full self-driving (FSD)…

Foreign e-commerce players circumventing rules to capture Indian market: CAIT

New Delhi (IANS) Foreign e-commerce players like Amazon and Walmart-owned Flipkart are circumventing rules and laws in their relentless pursuit of capturing the Indian market, often resorting to unethical business practices, Praveen Khandelwal, Secretary…

US awards $13.6 billion to Micron which has a chip plant in progress in India

Washington (IANS) The US government has announced a plan to award Micron Technology up to $6.14 billion in grants and $7.5 billion in loans to support the US chipmaker's plan to build new factories, as it strives to bolster domestic semiconductor…

India's forex reserves dip by $2.83 billion to $640.3 billion

Mumbai (IANS) India's forex reserves contracted by $2.83 billion to $640.33 billion as of April 19, the latest data released by the RBI on Friday showed.

The country's forex kitty had declined by $5.4 billion to $643.16 billion in the…

Will make India our global export hub: Hyundai Motor chief

New Delhi/Seoul (IANS) The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilise the country as a key export hub for the South Korean automaker, the group said on Thursday.

Over…

RBI crackdown triggers crash in Kotak Bank shares

Mumbai (IANS) Shares of Kotak Mahindra Bank crashed by as much as 12 per cent in morning trade on Thursday to Rs 1,620 on BSE as investors dumped the stock following the RBI crackdown on the lender.

The RBI had, on Wednesday evening, barred…

BMW's another all-electric car launched in India

New Delhi (IANS) Luxury car maker BMW on Thursday launched another all-electric car, BMW i5 M60 xDrive, in India at an ex-showroom price of Rs 1,19,50,000.

The new car comes available in Alpine White as non-metallic paintwork and in the following…

India saw 455 deals worth $25.6 bn in 1st quarter this year: Report

New Delhi (IANS) India saw 455 deals worth $25.6 billion in the first quarter this year, a 24 per cent rise in deal volume as compared to the last quarter (Q4) of 2023, a report showed on Wednesday.

The media and entertainment sector topped…

7 per cent job surge for fresh graduates in India's manufacturing sector: Report

New Delhi (IANS) India's manufacturing industry's intent to hire fresh graduates has jumped to 48 per cent in the first half (January-June) of 2024, an increase of seven per cent from 41 per cent in July-December 2023, a new report showed…