Hyundai Motor, LGES complete building EV battery plant in Indonesia
Seoul, July 3 - Hyundai Motor Group said on Wednesday it has completed construction of an electric vehicle (EV) battery plant built jointly with LG Energy Solution Ltd. in Indonesia, allowing the South Korean automotive giant a fully-integrated EV production system in the
Daily milk production crosses 1 crore litre in K’taka
Bengaluru, July 2 - The Karnataka government on Tuesday celebrated a milestone of producing 1 crore litres of milk daily by performing a special worship ceremony for the cow (gomata) and its calf in Bengaluru.
Coal Ministry draws up strict norms to limit environmental impact of mining ops
New Delhi, July 2 - The Coal Ministry on Tuesday held discussions with stakeholders on the more stringent guidelines that it plans to introduce for fostering a sustainable approach to coal mining that includes mandatory measures to preserve the environment.
UP govt expects defence corridor to create 40,000 jobs as investments flow in
Lucknow, July 2 - With investments to the tune of Rs 25,000 crore already being committed for the six nodes of the ambitious Uttar Pradesh Defence Industrial Corridor (UPDIC) project, the state government expects to create 40,000 jobs.
Sensex crosses 80,000 for first time, banking stocks lead rally
Mumbai, July 3 - Indian equity indices opened at record high on Wednesday following a rally in the banking stocks. Sensex and Nifty made a new all-time high of 80,039 and 24,292 respectively.
Railway freight earnings shoot up by 11.1 pc to Rs 14,798 crore in June
New Delhi, July 2 - Indian Railways has achieved a freight loading of 135.46 million tonnes in June this year which represents a robust 10.07 per cent increase over the corresponding figure of 123.06 million tonnes in the same month last year, according
Kotak Mahindra Bank’s shares fall nearly 2.5 per cent after Hindenburg’s claim
Mumbai, July 2 - The shares of Kotak Mahindra Bank fell nearly 2.5 per cent on Tuesday after Hindenburg Research, in its reply to markets regulator SEBI's show-cause notice, said Kotak Mahindra group created and oversaw the offshore fund structure used by the
EU must open discussion on economic dimension of CBAM: Experts
New Delhi, July 2 - The European Union (EU) must start discussing the economic dimension of the Carbon Border Adjustment Mechanism (CBAM), said experts here on Tuesday.
Hindenburg claims Kotak Mahindra group’s fund short-sold Adani stocks, group says wasn’t aware
Mumbai, July 2 - After Hindenburg Research alleged that Kotak Mahindra group created and oversaw the offshore fund structure used by the investor partner of Hindenburg to short Adani stocks, the group on Tuesday said Hindenburg was never a client of its offshore
Battery electric vehicle sales hit 10-million mark globally this year: Report
New Delhi, July 2 - The sale of battery electric vehicles (BEVs) is set to hit the 10-million milestone this year, marking a significant achievement for the global passenger vehicle market, a report showed on Tuesday.
Top North Korean leader says economy shows ‘definite upturn’ this year
Seoul, July 2 - The economy of the Democratic People's Republic of Korea (DPRK) has shown "a definite upturn" in the first half of 2024 from a year earlier, top DPRK leader Kim Jong Un said during a key ruling party meeting
RBI rolls out new draft regulations to ease export & import deals
Mumbai, July 2 - The Reserve Bank of India (RBI) on Tuesday came out with new draft regulations and directions to liberalise the rules covering foreign trade transactions to promote the ease of doing business, especially for small exporters and importers.
CERT-In finds multiple bugs in Google Chrome OS, GitLab
New Delhi, July 2 - The Indian Computer Emergency Response Team (CERT-In), which comes under the Ministry of Electronics & Information Technology, has warned users of multiple vulnerabilities in Google Chrome OS and GitLab, which could allow an attacker to execute arbitrary code
Sensex closes flat amid profit booking in smallcap and midcap stocks
Mumbai, July 2 - Indian equity Indices closed flat on Tuesday following profit booking in midcap and smallcap stocks. At closing, Sensex was down 34 points, at 79,441 and Nifty was down 18 points, at 24,123.
Brand Storii forays into West Bengal with the launch of Storii Devasom Spa & Resort
New Delhi, July 2 - Strengthening its brand presence pan India, Storii by ITC Hotels made its foray into West Bengal with Storii Devasom Spa & Resort, Kolkata.
Electronics industry seeks lower tariffs, support for local ecosystem in upcoming budget
New Delhi, July 2 - The electronics industry on Tuesday urged the Central government to look into lowering tariffs on inputs in the upcoming budget and scale up local manufacturing to further beat China and Vietnam.
Explained: Why SEBI issued a show-cause notice to Hindenburg, others
New Delhi, July 2 - Market regulator Securities and Exchange Board of India (SEBI), as per directions by the Supreme Court, has issued a show-cause notice to Hindenburg Research, its sole beneficial owner Nathan Anderson and Mark Kingdon who is the ultimate beneficial
Zomato ESOP plan receives shareholders’ nod, 25 pc voted against it
New Delhi, July 2 - Online food delivery platform Zomato has received shareholders' nod to establish a new employee stock option pool (ESOP) of 18.2 crore shares, with 75 per cent of investors voting in favour and 25 per cent against it, the
ESGRC platform Xcelerate secures $52 mn to fuel inorganic growth, APAC expansion
New Delhi, July 2 - Singapore-based Environmental, Social, Governance, Risk, and Compliance (ESGRC) and investing platform Xcelerate on Tuesday said that it entered into definitive agreements for a debt funding arrangement of up to $52 million with Orion Capital Asia.
CAMS joins Google Cloud to build next-gen platform for mutual funds
New Delhi, July 2 - Registrar and transfer agent of mutual funds Computer Age Management Services (CAMS) on Tuesday said that it partnered with Google Cloud to revolutionise the financial services landscape by building a next-generation platform for mutual funds, alternative investments, and