SOUTH KOREA'S HYUNDAI Motor reported a nearly 50% drop in quarterly profit on Tuesday, falling significantly short of analysts' estimate, hurt by rising raw material cost as and a one-off expense associated with employees bonuses.
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Twitter stake: SEC sent query to Musk last month
THE US SECURITIES and Exchange Commission sent a query last month to Elon Musk over how he disclosed his major stake in Twitter - the clearest signal yet that the Wall Street regulator is scrutinising his efforts to buy the social network.
Economy is losing steam, cautions RBI
THE RESERVE BANK of India (RBI) on Friday expressed concerns that the economy might be losing steam, pointing out that high frequency indicators are beginning to reflect some loss of momentum. Moreover, high global prices of crude oil, metals and fertilisers had already impacted the terms of trade, resulting in wider trade and current account deficits, the central bank observed.
Fire incidents will not hamper growth of EV industry: Okinawa MD
THE RECENT-FIRE incidents, involving electric scooters of several companies, will not impact growth of the electric vehicle (EV) industry, but will compel manufacturers to improve their processes, Okinawa Autotech's founder and managing director Jeetender Sharma, told FE.
Monsoon to hit Kerala coast in 2-3 days: IMD
Average reservoir water level up 8% on year
More than 15,000 fair price shops serving as financial service agents
OF THE UBIQUITOUS fair price shops (FPSes) in the country, as many as 15,300 are now serving as financial services agents for the masses, a move that will cataylse the process of financial inclusion and boost digital connectivity in remote areas.
At 590 km, BMW's New i4 To Be India's Longest Range Electric Car
Even the best and most expensive electric cars in India right now have a driving range of 400-500 km.
Moody's Trims 2022 India Growth Forecast To 8.8%
Retains outlook for 2023 at 5.4%
Chinese tech firms forced into 'blood listings' as capital dries up
A GROWING NUMBER of Chinese tech start-ups, once the darlings of equity markets are willing to list shares publicly in China at valuations lower than during private funding rounds in so-called blood listings.
Land deals double in one year, report shows
REAL ESTATE DEVELOPERS and other entities are back to buying land parcels, with 28 separate land deals transacted in just the first five months of 2022, cumulatively accounting for over 1,237 acres across the country.
Cement shortage to be bridged by supplies from plants in South
TO MODERATE ELEVATED cement prices, the is in talks with companies from southern India who have underutilised capacity and can ramp up production to cater for states facing a shortage.
