In this issue

May 18, 2023

Tesla proposes plant in India to manufacture electric cars

Senior Tesla executives meet officials from PMO and other ministries

2 mins

Sebi gets 3 more mths to file report

SC HEARING IN ADANI-HINDENBURG CASE

2 mins

Cabinet nod for ₹17,000-crore IT hardware PLI 2.0

Move to boost local production of tablets, laptops

2 mins

Govt cuts FAME-II subsidy for e-2Ws to ₹10,000/kWh

Maximum subsidy cap of 40% of the ex-factory price also decreased to 15%

2 mins

Customers need to pay more for higher usage: Vittal

Bharti Airtel is seeing improved customer engagement with the rollout of 5G services, but pricing remains a challenge, the company's managing director Gopal Vittal (pictured) said on Wednesday.

1 min

IndiGo to PW: Quickly deliver engines to us

Low-cost carrier IndiGo has asked American aerospace manufacturer Pratt & Whitney (PW) to quickly provide engines for the airline to press its grounded planes back into service, sources said on Wednesday.

1 min

Experts:ONDC unlikely to hit Swiggy-Zomato duopoly, for now

The chatter is that the government-backed for Digital Open Network Commerce's (ONDC) cheap offers will \"disrupt\" Swiggy and Zomato duopoly in food delivery, but market analysts do not see an immediate threat to the private companies.

2 mins

Space Mantra leads six-horse race to acquire Future Retail

According to reports, Reliance Retail and Adani Group have not bid for the firm's assets

2 mins

Cabinet approves ₹38,000-cr subsidy for non-urea fertilisers

Centre likely to spend ₹1.08 trillion on subsidy this kharif season

2 mins

Peak Power Demand Hits Historic High Of 220 Gw

At around 3 pm on Wednesday, India's daily peak power demand touched 220 Gigawatts (Gw) - the highest daily peak in the history of the country.

1 min

Satcom spectrum auction: DoT may nudge Trai for recommendations

The Department of Telecommunications (DOT) is likely to communicate to the Telecom Regulatory Authority of India (Trai) that its recommendations on the auction of spectrum for space-based communication services are still \"awaited\".

1 min

CBI arrests journalist, former Navy commander for 'spying'

The Central Bureau of Investigation (CBI) has journalist Vivek arrested freelance Raghuvanshi (pictured) and former Navy commander Ashish Pathak for allegedly collecting sensitive information on defence matters and passing them on to foreign intelligence agencies, officials said on Wednesday.

1 min

Govt expects RBI surplus to surpass Budget targets

The Centre expects a windfall surplus transferable from the Reserve Bank of India (RBI) for the current fiscal year (2023-24, or FY24), Business Standard has learnt.

2 mins

India, EU intend to find a way forward: Goyal on carbon tax

Both sides agree to coordinate on policies in semiconductor sector, conclude agreement by Sept

2 mins

India likely to grow 6.7% in 2024: UN

Robust domestic demand will drive India's economic growth in 2023, while higher interest rates and weaker external demand will continue to weigh on investment and exports during the calendar year, the United Nations Department of Economic and Social Affairs (UNDESA) said on Wednesday.

1 min

Hinduja group patriarch, a titan among peers

S P HINDUJA 1935-2023

2 mins

Tesla Is Not Immune To Tough Economy: Musk

Says he's not stepping down as CEO, the company will advertise

1 min

Police surround Imran's home in search of '30-40 terrorists'

Punjab govt warns Khan to hand over riot suspects in 24 hours or face action

1 min

HealthMin to put 75 mn with hypertension on standard care by 2025

The Ministry of Health and Family Welfare (MOHFW) on Wednesday announced at a G20 co-branded event with the World Health Organization (WHO) its ambitious target of putting 75 million people with hypertension and diabetes on standard care by 2025.

1 min

India may add over 7,000 ultra-rich people by 2027

Those with a net worth of $30 million or above in India could be 19,119 in 2027

2 mins

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