Page 631 - Bloomberg

India plant likely if Tesla succeeds in importing cars, says Elon Musk

The California-based car producer is currently lobbying for lower taxes on imports as it considers plans to expand into India, one of the world's biggest emerging car markets

Why India is still not ready to embrace 1991-style economic reforms

The real issue is that the government and the bureaucracy, unlike in 1991, aren't set up to develop a consensus behind liberalizing reforms

Unprecedented flow of easy money keeps Indian stocks on bull run

The nation's NSE Nifty 50 Index is among Asia's top gainers this month, beating the regional benchmark by about 4 percentage points

India plans more power islands to counter cyber, terrorist threats

The plan follows a major power outage in India's financial hub Mumbai last year that brought the city to a halt and prompted speculation about a cyber attack

Vodafone CEO hints at spin-off of mobile money platform M-Pesa

The platform offers peer-to-peer transactions in countries including Kenya, Tanzania, Mozambique, Lesotho. It is now pushing into new financial services like small loans, payroll and savings

China Telecom set for 2021's biggest share sale after US ban

The plan to raise 54.4 billion yuan ($8.4 billion) on the mainland comes as rising tensions with the US drive Chinese firms back to their local equity markets

Near Arunachal, Xi Jinping vows to boost border infra building

His visit to Tibet is the first by a Chinese president since 1990

Tesla seeks lower taxes on sale of imported EVs in India: Report

The California-based maker of electric vehicles has written to the transport and industry ministries for reducing import duty on electric cars to 40 per cent from the current range of 60%-100%

Ministry speeds up green approvals as environmentalists call foul

It took an average of 84 days to clear a project in 2021, compared with 162 days the year before, according to data shared by the ministry

India to see higher salaries as firms look beyond coronavirus hit

Paychecks could rise about 8% in the financial year starting April 2022, especially if authorities avert a third wave of the virus

Zomato's $1.3 bn IPO to test appetite for India's new tech generation

Investors bragged on Twitter about snagging shares in the startup, yearning for the sort of returns Facebook Inc. and Alibaba Group Holding Ltd. generated

ECB vows to persist with negative rates in bid to fuel inflation

Markets were little changed

Aramco faces $50-mn extortion bid over data leak, but denies breach

The global energy industry has seen a ramp up in cyber attacks with Colonial Pipeline becoming the most visible of late

Mercedes to be ready for car markets going electric-only with $47-bn push

The manufacturer plans to launch three new all-electric vehicle platforms in 2025 and set up eight additional battery factories with partners, it said in a strategy update

US weekly jobless claims unexpectedly increased last week to 419,000

Initial jobless claims in regular state programs totaled 419,000 in the week ended July 17, up 51,000 from the prior week, Labor Department data showed Thursday

EY accused of concealing US health firm's audit fraud from investors

Indian entrepreneur files lawsuit, naming accounting giant as a co-conspirator in the fraud alongside former executives.

Work from home future fades in Asia as companies seek more office space

The firm surveyed 109 companies across the region from industries including real estate, technology and finance between May and June

Taliban now controls half of Afghan districts: US Joint Chief of Staff

He said Taliban insurgents have control of more than 200 district centers -- about half of 419 in the country -- and is putting military pressure on the country's provincial capitals

US life expectancy in 2020 drops by 1.5 years due to Covid-19 pandemic

The first year of the pandemic delivered a bigger blow to American life expectancy than any year of Vietnam War, AIDS crisis or "deaths of despair" that nudged down life expectancies in mid-2010s

China's 'iPhone city' relocates over 100,000 as floods kill 25

Military blasts dam to divert water threatening heavily populated provinces