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Tesla, Ford Only Carmakers Not Gone Bankrupt: Elon Musk
New Delhi: As several carmakers bleed in the US and beyond, Tesla is profitable and according to Elon Musk, his electric car company and Ford are the only two carmakers in the US which have not gone bankrupt.
Tesla reported another…
Julius Baer Upgrades India, Fastest Growing Major Economy
New Delhi: Singapore-based fund house, Bank Julius Baer, has upgraded India to overweight as it will be the fastest growing major economy in 2021.
"We change our stance on India from market-weight to overweight and see 15% upside from…
Muthoot Group Chairman MG George Muthoot Passes Away
New Delhi: The Chairman of The Muthoot Group, M G George Muthoot passed away in the national capital on Friday evening.
Under his leadership, the Muthoot Group has widened the scope of its operations and is currently a business…
Govt In Position For Sharp Rs 8 Per Litre Cut In Duty On Petrol And Diesel To Provide Relief To…
New Delhi: The government may surprise consumers with a sharp cut in excise duty on petrol and diesel to tame rising prices of auto fuels that have already reached historic high levels.
Sources privy to the development said the duty cut…
India’s Forex Reserves Rise By $689 mn
Mumbai: India's foreign exchange reserves rose by $689 million during the week ended February 26.
According to the Reserve Bank of India's (RBI) weekly statistical supplement, the reserves increased to $584.554 billion from $583.865…
India Now Has Over 700 Commercial Aircraft: DGCA
New Delhi: India's civil aviation sector, which was heavily battered by the Covid-19 pandemic, added over 20 aircraft during the year 2020.
The inductions are considered to be a sign of revival as well as airlines reposing their faith…
OYO Hotels & Homes Valuation Reaches $9 Billion
New Delhi: Hospitality major OYO Hotels & Homes' valuation has reached the $9 billion mark, according to industry sources.
The development comes after the latest fundraise of Rs 54 crore or $7.31 million from Hindustan Media Ventures…
Sensex Down 400 Points, Nifty Below 15,000
Mumbai: The key Indian equity indices opened on a negative note on Friday with the BSE Sensex falling over 400 points.
At 9.17 a.m., Sensex was trading at 50,430.11, lower by 415.97 points or 0.82 per cent from its previous close of…
Oil Prices Surge As OPEC+ Extends Most Output Cuts
New York: Oil prices gained considerably after the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) agreed to extend most oil output cuts into April.
The West Texas Intermediate for April delivery added…
Petrol At Rs 75, Diesel Rs 68 A Litre In FY22 If Taxation Shifts To GST: SBI Ecowrap
New Delhi: Consumers can be spared from a rally in retail prices of petrol and diesel if the two auto fuels are brought under the GST regime, but lack of political will and hesitancy to let go a major source of revenue for governments is…