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BYD is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in Japan, aiming to boost sales in a market that has become a stumbling block in the Chinese automaker’s global expansion. Warren Buffett-backed BYD has become China’s largest EV maker after years of breakneck growth at home. Now it is expanding…
Read More “BYD’s global expansion push runs into stiff challenge in Japan” »
For representative purposes. | Photo Credit: iStockphoto The financial relationship between the Union government and the States in India is asymmetrical, as in many other countries with a federal constitutional framework. As the 15th Finance Commission noted, States incur 61% of the revenue expenditure but collect only 38% of the revenue receipts. In short, the…
IT employees union Nascent Information Technology Employees Senate had filed a complaint with the Ministry of Labour and Employment alleging that Infosys had deferred the onboarding of more than 2,000 campus hires for over two years. | Photo Credit: Reuters The office of the Chief Labour Commissioner, under the Ministry of Labour and Employment, has…
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty closed lower on Thursday (September 5, 2024), tracking losses in the most valuable firm Reliance Industries, Bharati Airtel and L&T amid a negative trend in global markets. The 30-share BSE…
Read More “Sensex, Nifty extend losses into 2nd session as Reliance, Airtel drag” »
Reliance shares, which are up about 16% so far this year, closed down 1.4% at 2,985.95 rupees. File | Photo Credit: Reuters Reliance Industries, the country’s most valuable company, on Thursday (September 5, 2024) approved a one-for-one issue of bonus shares and recommended an increase in authorised share capital. The board recommended an increase in…
Read More “Reliance Industries approves bonus share issue in 1:1 ratio” »
Amid the row over allegations against SEBI chairperson Madhabi Buch, the Congress on Thursday (September 5, 2024) demanded an independent inquiry into the matter, asserting that it is in the national interest to have a probe as foreign investors were getting concerned and there were doubts about the integrity of India’s stock markets. The Opposition…
Read More “SEBI Chief Madhabi Buch faces allegations, congress demands independent probe” »
SEBI employees gathered outside the office in Mumbai, on September 5, 2024 | Photo Credit: T. Ashokamitran About 200 employees of the Securities and Exchange Board of India (SEBI) gathered outside the office, within its premises, on Thursday (August 5, 2024) reportedly protesting toxic work culture, among other grievances. The employees gathered at 11 a.m….
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File picture of Reserve Bank of India (RBI) Governor Shaktikanta Das | Photo Credit: ANI Reserve Bank Governor Shaktikanta Das on Thursday (September 5, 2024) said the fundamental drivers of the Indian economy are gaining momentum and the country is moving on a sustainable growth path. In the inaugural address at FIBAC 2024, the governor…
Image used for representational purpose. | Photo Credit: Reuters Benchmark equity indices rebounded in early trade on Thursday (September 5, 2024) amid steady foreign fund inflows along with buying in frontline stocks Reliance Industries and HDFC Bank. The 30-share BSE Sensex rebounded 264.85 points to 82,617.49 in early trade. The NSE Nifty climbed 76.75 points…
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The rupee appreciated by 4 paise to 83.97 against the U.S. dollar in early trade on Thursday. File | Photo Credit: Reuters The rupee appreciated by 4 paise to 83.97 against the U.S. dollar in early trade on Thursday (September 5, 2024) supported by the weakening of the American currency in the overseas market and…
Read More “Rupee rises 4 paise to 83.97 against U.S. dollar in early trade” »