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Toyota plans to make EV parts in India for domestic, export markets

The move follows the company's recent announcement that it will invest 48 bn rupees ($621 mn) in India to localise the supply chain for EVs, and is also part of its broader 2050 carbon-neutrality goal

Russian importers seek deals with smaller Indian firms to avoid sanctions

Private sector players in Russia have met with potential suppliers in India's big cities and are opening specialised bank accounts at home for roubles-to-rupees transactions

Toyota to make EV parts in India for domestic, countries in ASEAN bloc

The carmaker plans to start by producing e-drives or electric powertrain parts used by different electric vehicle types, says executive.

Tesla's China sales dive 98% as coronavirus lockdowns take a toll

Tesla's production in the country also slid 81 per cent to 10,757 vehicles in April, compared with 55,462 in March

US consumer prices slow in April; inflation stays elevated at 8.3%

The consumer price index rose 0.3% last month, the smallest gain since last August, as Fed readies for more aggressive tightening

Moderna CFO exits day after taking charge as former employer launches probe

Jorge Gomez previously worked for dental products maker Dentsply Sirona, which last month fired its CEO.

Musk recklessly tweeted that got funding for taking Tesla private: US judge

Pre-trial decision represented a major victory for investors in a lawsuit accusing the world's richest person of inflating stock prices.

S&P 500, Dow up after inflation data, Nasdaq falls on rate hike worries

US consumer prices slow in April; inflation still high; Coinbase falls on Q1 revenue slump, net loss

Oil rallies after 10% slide over 2 days as Russia gas flow to Europe falls

Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use of a major transit route blaming interference by occupying Russian forces.

The PM's meeting, then the mob. 'Turning point' in Sri Lankan crisis

Mahinda Rajapaksa stepped down on Tuesday and his brother, the president, gave sweeping powers to the police for enforcing order.

Tata Group readying plan for battery company in India, abroad: Chandra

The group is making a transition towards sustainability across businesses which includes a clean mobility push at Tata Motors and its British luxury unit JLR, says its chief

RBI likely to up inflation projection in June, mull more rate hikes: Report

The central bank raised the repo rate by 40 basis points to 4.40% following a emergency meeting earlier this month.

UN's Guterres 'deeply concerned' about risks of world hunger due to war

The war in Ukraine has sent global prices for grains, cooking oils, fuel and fertiliser soaring.

Google, Meta must find and remove online child porn, say EU draft rules

Companies that fail to comply with the rules face fines up to 6% of their annual income or global turnover.

UK signs security deal with Sweden and Finland marking 'steadfast support'

The two nations are expected to join NATO, but both are worried they would be vulnerable while their applications are processed.

Sebi proposes confidential 'pre-filing' of IPO documents to safeguard info

Sebi is seeking comments from the public on its new proposal by June 6

Collapsed stablecoin TerraUSD announces recovery plan, seeks outside funds

Stablecoins are digital tokens pegged to the value of traditional assets, such as the US dollar.

Morgan Stanley cuts India's growth forecasts on inflation, global slowdown

Gross domestic product growth will be 7.6% for FY23 and 6.7% for FY24, 30 basis points lower than the previous estimates, the brokerage said in a note

Coinbase new disclosure does not mean crypto firm risks bankruptcy: CEO

Coinbase would take further steps to ensure it offered protection for its retail customers, says Brian Armstrong.

Gold recovers as dollar, bond yields dip; US inflation data in focus

By Bharat Gautam