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With Tesla push, India mulls import tax cut if EV makers build locally

Tesla's best-selling Model Y, for example, starts at $47,740 in the U.S. before tax credits

JSW Steel plans to pick up 20%-40% stake in Teck Resources' coal unit

JSW, along with Japanese and Korean mills, plans to buy a stake in Teck's Elk Valley Resources, with a combined offer valuing the unit at $8 billion, Jindal told the publication in an interview

Swiggy restarts IPO plans, aims for July-Sept 2024 stock market listing

Swiggy in May said its core food delivery business had turned profitable, nine years after starting operations, even as its newer grocery delivery service, Instamart, continues to make losses

India's forex reserves post steepest weekly decline in over 6 months

They fell by $7.27 billion from the prior week, the sharpest decline since the week ended Feb 10

Adani-Hindenburg case: Sebi shares investigation update with Supreme Court

SEBI "shall take appropriate action based on outcome of the investigations," it said

L&T, HAL vetted to potentially bid on India's rocket privatisation

About 20 cos submitted an expression of interest in bidding on the privatisation, the first of its kind under a policy drive by Prime Minister Narendra Modi to open space biz to investment

Indian billionaire Anil Agarwal mulls listing Vedanta businesses separately

The plans stand in contrast to Agarwal's attempts in 2020 to delist Vedanta Ltd to expedite the process of simplifying its corporate structure, which failed

Jio Financial recovers after hitting lower limit for five sessions

JFS was automatically included in the benchmark Nifty 50 and Sensex indexes due to Reliance's presence, with the plan to remove the stock at the end of Aug 23

Prigozhin's death removes one problem, may create new ones for Putin

The United States is looking at a number of theories over what brought down the plane, including a surface-to-air missile hitting it, U.S. officials told Reuters

India inflation to return to comfort band once veg prices dip: MPC's Goyal

Led by vegetables, food inflation in India soared to an over 3-year high of 11.5% in July. This pushed retail inflation to 7.44%, above the RBI's comfort band

Dollar loiters at two-month peak ahead of fed chair Jerome Powell's speech

Powell is likely to stress that policy outcome remains highly dependent on economic data

India's food price surge forces government measures to improve supplies

The measures could cumulatively cost the government over $12 billion, the government sources said

Market regulator Sebi announces new disclosures for select offshore funds

India's market regulator on Thursday notified select offshore funds fulfilling certain conditions of new enhanced disclosure requirements, according to a circular on Sebi website

Oil prices decline amid caution ahead of Jerome Powell's remarks

Brent crude fell 18 cents, or 0.2%, to $83.03 a barrel by 2:08 p.m. EDT (1808 GMT). U.S. West Texas Intermediate crude fell 16 cents, or 0.2%, to $78.73 a barrel

Sebi announces new disclosure requirements for select offshore funds

The funds will have 10 days to lower their investment to below 50% to avoid the enhanced disclosures

Mastercard, Binance to end crypto card partnership from September 22

The Binance cards allow users to make payments in traditional currencies, funded by their cryptocurrency holdings on the exchange

Donald Trump to face mug shot at Atlanta jail in 2020 election case

Trump, 77, is due to enter a plea in the Georgia case on Sept 5 and has pleaded not guilty in the other three other cases

Warner Bros Discovery to launch CNN Max news streaming service in US

Breaking news and analysis would further expand Max's programming, even as it allows CNN to reach a younger streaming audience

Meta platforms to launch AI model for writing computer codes Aug 24

Since the launch of OpenAI's ChatGPT late last year, enterprises and businesses have flocked to the nascent generative AI market for newer capabilities and refining business processes

US auto sales to rise in August on increased vehicle supply, strong demand

For 2024, global light-vehicles sales are expected at 90.2 million units