Tesla halts Model S, X orders in China amid deepening US-China trade war
Apr 11, 2025, at 09:02 pm
Beijing: Tesla has stopped accepting new orders for its Model S and Model X vehicles in China, according to a Reuters report on Friday, as trade tensions between the US and China spiral following tit-for-tat tariff hikes.
TCS appoints Aarthi Subramanian as president and COO for five-year term
Apr 11, 2025, at 08:55 pm
Mumbai: Tata Consultancy Services (TCS) on Thursday named Aarthi Subramanian as executive director-president and chief operating officer (COO), reviving the top operational role after more than a decade.
India pitches for US trade deal amid tariff pause, eyes $500 bn bilateral trade
Apr 11, 2025, at 05:44 pm
New Delhi: India presents a strong case for a bilateral trade agreement with the United States, given its long-term growth potential and demographic strength, commerce minister Piyush Goyal said on Thursday, April 11, media reports said.
Industrial growth slows to 2.9% in Feb, weakest in seven months
Apr 11, 2025, at 05:13 pm
New Delhi: India’s industrial output growth eased to 2.9 per cent in February, slipping from 5.01 per cent in January, according to data released by the National Statistics Office (NSO) on Friday.
India’s goods and services exports hit record $820 billion in FY25 despite global headwinds
Apr 11, 2025, at 12:20 am
New Delhi: India’s combined goods and services exports touched a record $820 billion in the financial year 2024-25, marking an increase of nearly 6% from the $778 billion posted in the previous year, according to Commerce Ministry data.
Global semiconductor industry to reach $2 trillion by 2032: Report
Apr 11, 2025, at 12:00 am
The global semiconductor industry is poised to surge from $600 billion to $2 trillion over the next seven years, according to Krishna Bodanapu, Executive Vice Chairman and MD of Cyient.
Dixon to make HP laptops in Tamil Nadu under ₹1,000 cr deal
Apr 09, 2025, at 10:05 pm
Chennai: The Tamil Nadu government has signed an MoU with Dixon Technologies to establish a manufacturing facility for HP laptops and all-in-one PCs.
RBI cuts India's FY26 growth forecast to 6.5%, trims repo rate by 25 bps amid global uncertainty
Apr 09, 2025, at 08:55 pm
New Delhi: In its latest Monetary Policy Committee (MPC) meeting held on Wednesday, the Reserve Bank of India (RBI) revised its GDP growth projection for FY2025-26 down to 6.5%, lowering it by 20 basis points from the 6.7% forecast made in February.
Ather Energy likely to trim IPO size amid market volatility
Apr 09, 2025, at 07:15 pm
Mumbai: Electric two-wheeler maker Ather Energy is expected to scale down the size of its upcoming initial public offering (IPO) to a range of ₹2,900 crore to ₹3,200 crore, CNBC-TV18 reported, citing sources familiar with the development.
Mahindra delivers 3000 all-electric origin SUVs across India
Apr 09, 2025, at 05:05 pm
Automobile major Mahindra on Wednesday announced a major milestone in its electric mobility journey, with over 3000 customer deliveries of its all-electric Origin SUVs—the XEV 9e and BE 6—completed since the commencement of deliveries on March 20.
RBI cuts repo rate by 25 basis points to 6 percent after MPC meeting
Apr 09, 2025, at 10:41 am
Mumbai/IBNS: The Reserve Bank of India (RBI) on Wednesday reduced the key lending rate or repo rate by 25 basis points to 6 percent in a bid to support the demand in the market.
India to fund first set of teams building generative AI models: Ashwini Vaishnaw
Apr 08, 2025, at 10:35 pm
New Delhi: The first round of funding for teams working on India-specific generative AI models will begin shortly, Union Minister for Electronics and IT Ashwini Vaishnaw said on Sunday, adding that the evaluation of applications under the IndiaAI mission is nearing completion.
India overtakes Germany to become world’s third-largest wind and solar power producer
Apr 08, 2025, at 10:01 pm
New Delhi: India has emerged as the world’s third-largest producer of electricity from wind and solar energy, overtaking Germany in 2024, according to the latest edition of Ember’s Global Electricity Review released on Tuesday.
Coal India to pay ₹38,000 cr to states after SC verdict, expects 80% recovery via FSAs
Apr 08, 2025, at 07:34 pm
New Delhi: Coal India will have to shell out around ₹38,000 crore to mineral-rich states over the coming years following a Supreme Court ruling that allowed states to levy taxes on mineral rights and mineral-bearing lands retrospectively, official sources told Financial Express.
Zomato food delivery COO Rinshul Chandra resigns
Apr 08, 2025, at 07:03 pm
Mumbai: Rinshul Chandra, Chief Operating Officer of Zomato’s food delivery vertical, has stepped down from his role, the company said in a regulatory filing with the Bombay Stock Exchange.
JPMorgan CEO warns Trump’s tariffs risk fuelling inflation, triggering recession in US
Apr 08, 2025, at 06:24 pm
New York: JPMorgan Chase CEO Jamie Dimon has warned that US President Donald Trump's tariff strategy could worsen inflation and push the world’s largest economy toward a recession, media reports said.
Hit by 37% tariff, Bangladesh's Yunus offers to buy cotton, farm goods duty-free from US
Apr 08, 2025, at 05:13 pm
Dhaka: Bangladesh has proposed a wide-ranging trade package to the United States, including duty-free access for US agricultural goods such as cotton, in an effort to stave off steep reciprocal tariffs on its own exports, media reports said.
Piyush Goyal hits out at China for 'unfair trade practices', blames UPA for ballooning deficit
Apr 08, 2025, at 04:54 pm
New Delhi: As global tensions rise over a looming trade war triggered by U.S. President Donald Trump’s tariff moves, Union Commerce Minister Piyush Goyal has launched a sharp critique of China, accusing it of gaining economic dominance through "unfair trade practices," according to media reports.
Indian market recovers during early trade, Sensex rises by 1,000 points
Apr 08, 2025, at 10:31 am
The Indian stock market opened in green during early trade on Tuesday, a day after it witnessed a massive fall following US President Donald Trump's reciprocal tariff announcement.
Axis Bank introduces In-App Mobile OTP to enhance digital security
Apr 07, 2025, at 07:01 pm
Private lender Axis Bank has introduced an industry-first ‘In-App Mobile OTP’ feature on its mobile app, ‘open’, to enhance authentication security and protect customers from rising OTP-related frauds and scams.
Indian govt hikes excise duty on petrol, diesel
Apr 07, 2025, at 04:54 pm
The Indian government has hiked the excise duty on petrol and diesel prices by Rs. 2 per litre.
Finance Minister Nirmala Sitharaman to embark on official visit to UK, Austria tomorrow
Apr 07, 2025, at 03:06 pm
Indian Finance Minister Nirmala Sitharaman will embark on an official visit to the United Kingdom and Austria on Tuesday, where she is expected to attend ministerial-level bilateral meetings.
Sensex, Nifty register massive fall during opening trade amid tariff tension
Apr 07, 2025, at 09:54 am
The Indian market plunged in red during early trade, with the Sensex crashing by 3,000 points and Nifty 50 slipping below 21,800 on Monday.
Apr 06, 2025, at 03:35 pm
New Delhi: A semiconductor startup founder has issued a blistering open letter to Commerce Minister Piyush Goyal, hitting out at India’s bureaucratic machinery for blocking genuine deep-tech efforts.
BJP MP slams Zepto CEO's reply to Piyus Goyal's criticism of Indian start ups
Apr 06, 2025, at 01:10 am
New Delhi: BJP MP Praveen Khandelwal came down heavily on Zepto CEO Aadit Palicha’s response to Union Minister Piyush Goyal’s recent remarks on Indian startups, terming it “misplaced and illogical.”
Anand Mahindra sees opportunity for India amid Trump’s tariff storm
Apr 05, 2025, at 11:00 pm
Mumbai: Donald Trump’s sweeping tariff measures have sent ripples through the global economy, hitting Asian nations such as China, India and Vietnam particularly hard.
RBI to soon issue ₹10 and ₹500 notes with new Guv Sanjay Malhotra’s signature
Apr 05, 2025, at 12:20 am
Mumbai: The Reserve Bank of India (RBI) on Friday announced that it will shortly release ₹10 and ₹500 denomination banknotes in the Mahatma Gandhi (New) Series featuring the signature of Governor Sanjay Malhotra.
India’s growth outlook dims after US tariffs; deeper rate cuts likely, say analysts: Report
Apr 05, 2025, at 12:04 am
New Delhi: India’s economic growth in the current financial year could dip by 20 to 40 basis points following fresh tariffs imposed by the United States, potentially prompting the Reserve Bank of India (RBI) to take a more aggressive stance on rate cuts, Reuters reported, citing economists.
India’s forex reserves jump $6.6 billion to hit five-month high
Apr 04, 2025, at 11:51 pm
New Delhi: India’s foreign exchange reserves climbed by $6.6 billion, reaching a five-month peak of $665.4 billion for the week ending March 28, 2025, according to data released by the Reserve Bank of India (RBI) on Friday.
Andhra Pradesh Cabinet clears ₹1.35 lakh crore ArcelorMittal Nippon Steel plant
Apr 04, 2025, at 11:13 pm
Amaravati (Andhra Pradesh): The Andhra Pradesh Cabinet on Thursday approved the establishment of a ₹1.35 lakh crore ArcelorMittal Nippon Steel India (AM/NS India) steel plant, aimed at boosting industrialisation and large-scale employment, PTI reported.