Page 37 - Latest News

EV supply struggles to keep pace with surging demand during festive season

Electric vehicle sales rose 26% during Navratri as higher petrol prices boosted demand, but supply shortages, component constraints and rising bookings left dealers struggling to meet festive demand.

Rubio, Mukesh Ambani discuss energy, technology partnerships at Jamnagar

US Secretary of State Marco Rubio toured Reliance's Jamnagar refinery and discussed energy supplies, technology, data centres and potential commercial partnerships with Mukesh Ambani.

FSSAI issues notices to Nestle India over Lactogen, Nan Excella claims

The food regulator has sought scientific evidence for whey protein and immune-support claims on Nestle's infant nutrition products, while also flagging other food safety violations

Automakers urge Centre to defer BS-VII brake and tyre norms until 2035

Automakers want brake and tyre emission norms linked to supplier readiness, final limits and testing methods

IHCL to have 700 hotels within FY27, says MD & CEO Puneet Chhatwal

Indian Hotels Company expects to reach 700 hotels in FY27, ahead of its 2030 target, and has raised its FY27 revenue growth guidance to 15-17% from 12-14%

RBI rejects all bids at govt's T-bill auction as short-term yields surge

The yield on the benchmark 10-year government bond settled at 7.44 per cent, its highest level since November 4, 2022, against the previous close of 7.39 per cent

India targets year-end start for trade talks with five-nation African bloc

India and SACU are both developing economies, with overlapping interests in some sectors and potential complementarities in others

Eternal Q2FY27 net profit jumps 92% to ₹125 crore, revenue rises 78%

Eternal's revenue rose 77.6% to Rs 24,138 crore in Q2FY27, while consolidated adjusted Ebitda surged 197% as Zomato and Blinkit recorded strong growth

Chhattisgarh, Andaman sites among three on Unesco's tentative heritage list

The Baratang Karst-Mud Volcano Complex, Andaman Subduction Volcanoes and Sirpur Cultural Landscape have been added to India's UNESCO Tentative List of World Heritage sites

OpenAI president seeks AI safeguards as group he funds opposes curbs

OpenAI President Greg Brockman's $25 million donation to a political group opposing restrictive AI rules raises questions about the company's commitment to AI safety regulations.

India's crude oil import bill rises 47% to $15.4 billion in September

India's crude oil import bill surged 47% in September as the Indian basket price averaged $116.09 a barrel, while import volumes rose just 7% to 21.7 million tonnes

India's data centre boom lifts IT investments, but challenges persist

Data centre projects lift investment announcements, but power and water constraints pose execution risks

Core sector growth at 30-month high of 7.9% in Sep as coal output rebounds

A sharp rebound in coal, higher iron ore output and strong refinery growth lifted core sector expansion to 7.9% in September, even as three of the nine industries contracted.

Volumes should continue to grow even if prices soften: Hindustan Zinc CEO

Company plans to double capacity to 2.1 million tonnes in 3-4 years, with expansion and rare-earth exploration underway

Pakistan, Maldives sign 20 MoUs to boost defence, maritime security ties

Pakistan and the Maldives signed 20 MoUs covering defence, maritime security, AI and trade during President Mohamed Muizzu's visit to Islamabad, marking 60 years of diplomatic relations.

October MPC minutes: Rate cuts off table as members flag rising inflation

RBI MPC minutes show members concerned about broadening inflation, with two dissenting on the shift to calibrated tightening despite unanimous support for a 25-basis-point rate hike

Sundaram MF enters SIF space; Choice MF launches first active equity fund

Sundaram MF enters the SIF segment, Choice MF launches its first active equity scheme, while Edelweiss Alternative Asset Advisors sets a ₹1,585-1,665 price band for its ₹1,200 crore IPO

Coca-Cola's $5 billion Costa Coffee bet falls short of expectations

Coca-Cola's $5 billion acquisition of Costa Coffee has struggled to deliver expected returns as vending machine challenges, weak US sales and pandemic disruptions hurt its global expansion plans.

Brokerages bullish on Bajaj Finance despite margin and regulatory risks

Bajaj Finance's Q2FY27 profit rose 29% to Rs 6,370 crore, with strong loan growth and higher AUM guidance supporting brokerage optimism despite regulatory and margin risks

RBI imposes restrictions on Puducherry Co-op Urban Bank, caps withdrawals

The Reserve Bank on Wednesday imposed several restrictions on Puducherry Co-operative Urban Bank, including capping of withdrawals by a customer at Rs 5,000, in view of the deteriorating financial position of the lender.