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Tesla, LG Energy sign $4.3-bn pact
Financial Express Chandigarh
|July 31, 2025
SOUTH KOREA'S LG Energy Solution (LGES) has signed a $4.3 billion deal to supply Tesla with energy storage system batteries, said a person familiar with the matter, as the US company looks to reduce reliance on Chinese imports due to tariffs.
The lithium iron phosphate (LFP) batteries will be supplied from LGES's US factory in Michigan, the person said on condition of anonymity.
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Financial Express Chandigarh'den DAHA FAZLA HİKAYE
Financial Express Chandigarh
Wholesale inflation at 42-month high in April
WHOLESALE PRICE INFLATION rose to a 42-month high of 8.3% year-on-year in April, up from 3.88% in March, mainly due to a sharp increase in the prices of crude petroleum and natural gas, costlier food and fuel and a low base, data released by the Ministry of Commerce and Industry on Thursday show.
3 mins
May 15, 2026
Financial Express Chandigarh
India flags grave concerns over crisis in West Asia
Iran, UAE clash at BRICS foreign ministers’ meeting
2 mins
May 15, 2026
Financial Express Chandigarh
Fresh attacks hit ships near Hormuz
US PRESIDENT DONALD Trump discussed the Iran war with China’s President Xi Jinping in Beijing on Thursday, while new attacks on vessels near the Strait of Hormuz brought a reminder of the costs of a prolonged stalemate, with peace talks stalled.
2 mins
May 15, 2026
Financial Express Chandigarh
BoB planning to double balance sheet in 5 years
BANK OF BARODA, the country’s second-biggest public sector lender, aims to double its balance sheet over the next five years by capitalising on the country’s strong economic growth, expanding fee-based businesses and deepening its presence overseas.
1 mins
May 15, 2026
Financial Express Chandigarh
RUPEE HITS NEW CLOSING LOW OF 95.76; STOCKS GAIN
THE RUPEE fell 6 paise to a fresh closing low of 95.76 amid a strong dollar, worries over inflation and high energy prices.
1 min
May 15, 2026
Financial Express Chandigarh
‘Unlikely data centre biz a game changer for us’
Tata Power beat analyst estimate with a profit of ₹996 crore in Q4. Going ahead, the integrated power company would be ready with a detailed project report (DPR) for its nuclear projects. Its MD & CEO Praveer Sinha tells Raghavendra Kamath that data centres are not a significant opportunity for power players. Excerpts:
1 mins
May 15, 2026
Financial Express Chandigarh
Modi may seek more energy supplies during brief UAE visit
PRIME MINISTER NARENDRA Modi will visit the United Arab Emirates briefly on Friday, where he is likely to discuss long-term energy supply deals and seek support to expand India’s strategic oil reserves, three sources said.
1 mins
May 15, 2026
Financial Express Chandigarh
Trump-Xi talks put India’s tech ambition in focus
CABINET MINISTERS AND senior government officials will be closely watching the talks between US President Donald Trump and Chinese President Xi Jinping amid concerns that any easing of tensions between Washington and Beijing could blunt India’s recent gains as an alternative technology and manufacturing destination.
1 mins
May 15, 2026
Financial Express Chandigarh
Ford is becoming an AI stock — sort of
FORD MOTOR HAS finally hit upon an electric strategy that shouldn’t lose money. The key element is that it doesn’t involve vehicles — not for now, anyway.
3 mins
May 15, 2026
Financial Express Chandigarh
Two India-bound LPG tankers cross Hormuz, another sinks after attack
TWO LPG TANKERS carrying cargo for Indian Oil Corporation (IOC) have successfully transited the Strait of Hormuz this week, even as an Indian-flagged cargo vessel sank off the coast of Oman following a suspected drone or missile strike, underscoring persistent risks to commercial shipping in the region.
1 min
May 15, 2026
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