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Indian officials have advised Tesla—building a plant in India—to follow Apple in finding “local firms to partner with any Chinese suppliers involved" Reuters reported Tuesday citing government sources having direct knowledge of the matter. The company is in talks with New Delhi about setting up a factory in India but strained India-China ties—after 2020 border clashes—complicate Tesla's plans for bringing in Chinese suppliers crucial for components as India does not have local suppliers for the same.

New Delhi: India’s relentless pursuit of renewable energy has paid off, with the country’s installed renewable energy capacity in India has increased from 115.94 GW in March 2018 to 172.00 GW in March 2023, said Union minister for new & renewable energy R. K.

New Delhi: India’s wind energy sector is witnessing a remarkable surge, with the installed capacity reaching an impressive 43,773 megawatts (MW) as of 30 June 2023, said RK Singh, Union minister for new & renewable energy and power. The country’s focus on sustainable energy sources has resulted in a substantial 71,814 million units of electricity being generated from wind energy during the fiscal year 2022-23.

New Delhi: India is poised to establish itself as one of the largest solar module manufacturers in the world and is witnessing the fastest growing capacity in renewable energy, said Raj Kumar Singh, Union minister of power and renewable energy. Speaking at an event in Delhi, the minister highlighted India’s impressive strides in the renewable energy sector, including green hydrogen, fostering a robust ecosystem. The country boasts one of the largest manufacturing ecosystems for wind energy and is experiencing rapid growth in solar capacity, propelling India to be the global leader in renewable energy.

New Delhi: A parliamentary panel has called for immediate compensation to cyber fraud victims by financial institutions, saying this will go a long way in demonstrating steadfast commitment to consumer protection and will push these firm to bolster their security measures. The committee strongly believes that there should be an «automatic compensation system as devised by the RBI and it should be the financial institution's sole responsibility to immediately compensate the hapless customer, pending further investigation and final traceability of funds», the Standing Committee on Finance headed by BJP MP Jayant Sinha has recommended in its report.

New Delhi: The commerce ministry on Tuesday issued fresh guidelines aimed at bolstering domestic tyre manufacturing industry, three years after imposing curbs on import of certain pneumatic tyres. The move comes as the Indian tyre industry experiences a surge in demand for both domestic sales and exports, driven by an increase in vehicle ownership and the rising mobility and industrialization.

New Delhi: Despite global economic uncertainties and a funding winter seen in the startup sector at large, investments in proptech firms dipped by a mere 3% to $719 million in 2022, according to a report by Housing.com. The report highlights that the sector has witnessed a cumulative investment of nearly $4 billion between 2009 and 2022, boasting an impressive compounded annual growth rate (CAGR) of 49%. Funding in proptech firms marginally declined from $742 million in the previous year, but certain segments within the industry drew substantial investor interest.

Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms to partner with any Chinese suppliers involved, according to three government sources with direct knowledge of the matter. Tesla has been in talks with India for weeks about setting up a factory which will potentially build a $24,000 car for local sales and exports, however strained India-China ties threaten to complicate Tesla's plans for bringing in Chinese suppliers.

New Delhi: Cargo movement on India’s national waterways witnessed increased 16% year-on-year during the fiscal year 2022-23, Union minister for ports, shipping, and waterways, Sarbananda Sonowal said in a written reply in the Rajya Sabha. “The traffic between Varanasi in Uttar Pradesh to Haldia (NW-1) increased from 10.93 million ton in 2021-22 to 13.17 million ton in 2022-23 recording an increase of 20.52%," Sonowal added.

New Delhi: Bharti Airtel, India’s second largest telecommunications service provider, has launched Airtel IQ Reach, a first-of-its-kind self-serve marketing communications platform, which will enable brands or companies to drive targeted customer engagements through personalized communications. Airtel IQ Reach is an intuitive platform that will enable small and medium businesses to make the most of their marketing investments as they engage with target customers in a cost-effective manner with prepaid pay-as-you-go plans, the company said on Tuesday.

New Delhi: In a significant move towards promoting inclusivity and transparency, the COP28 Presidency and the United Nations Framework Convention on Climate Change (UNFCCC) have officially signed the host country agreement during a meeting in Abu Dhabi. “The COP28 presidency and the United Nations Framework Convention on Climate Change (UNFCCC) have officially signed the host country agreement, strengthening their joint commitment to inclusivity and transparency at COP28 that fosters solidarity and transformative progress across the climate agenda," the company said in a press release.

New Delhi: India has logged 36 new covid-19 cases in the last 24 hours, the union health ministry data stated on Tuesday. The active caseload currently stands at 1,474. The country has been witnessing a steady decline in the number of covid cases for the last many months.

NEW DELHI: Out of 8 stock baskets offered by Sharekhan’s InvesTiger app, 7 have managed to beat their respective indices by 4-12% since inception after factoring the transaction cost.“Apart from stock picking, we also focus on a top down approach which means having exposure in the right sectors depending upon macro conditions. This helps us invest in high quality stocks with structural growth prospects resulting in handsome gains for the investors,” says Gaurav Dua, Sr VP & Head – Capital Market Strategy, Sharekhan by BNP Paribas.In his stock baskets, stocks that have given disproportionately high returns are ITC, M&M, Cummins India, L&T and DLF.Edited excerpts from a chat:A lot of market players have shown interest in the concept of having a curated basket of stocks. What is the kind of response that InvesTiger is getting from your investors and what makes it different from mutual funds?Curated stock baskets are a hassle-free and cost-effective way to leverage on in-house research expertise to help retail investors invest in a disciplined manner.

New Delhi: The Delhi High Court on Tuesday dismissed a plea filed by Ashneer Grover, former managing of BharatPe, challenging an income tax notice issued to him under Section 8 of the Black Money Act. The income tax notice is dated 29 May 2023. The high court asked Grover's counsel to withdraw the petition voluntarily, or the court will have to dismiss it.

Congress and the Thackeray faction of the Shiv Sena have disapproved of Nationalist Congress Party president Sharad Pawar handing over Prime Minister Narendra Modi with the Lokmanya Tilak National Award at a meeting in Pune on Tuesday. The MVA constituents said that it would send the wrong message to the people. Modi's BJP had weaned away a faction of NCP recently.

New Delhi: With a large numbers of eye flu or conjunctivitis cases being diagnosed across the country, eye specialists are worried that it could be a new emerging threat related to viral infection. Northeastern states, Delhi, Rajasthan, Uttar Pradesh, Maharashtra and Gujarat are recording maximum number of such cases. (Dr) Jeewan Singh Titiyal, professor of ophthalmology and Chief of RP Eye Center at AIIMS (Delhi) said, “There is an outbreak like situation of Conjunctivitis or eye flu this year.

New Delhi: With a spurt in sale of over-the counter ophthalmic drops due to sudden outbreak of conjunctivitis cases across India; state drug regulators have strictly advised the chemist associations to avoid such sales in the absence of prescription from a registered medical practitioner. Drug regulators have also asked the pharmacies to keep records of such sales, failing with stringent action will be taken against them. Ophthalmic solutions refer to a wide range of lubricating eye products which are often used to relieve dryness and irritation in eyes, and if not taken under the guidance of a doctor can damage eyes.

NEW DELHI : Maruti Suzuki India Ltd (MSIL) on Monday said it has decided to buy out its contract manufacturing partner Suzuki Motor Gujarat (SMG) from parent Suzuki Motor Corp. (SMC) at a potential book value of ₹12,755 crore. India’s largest carmaker aims to complete the transaction by 31 March 2024, R.C.

New Delhi: In a fresh bid to revive Jet Airways (India) Ltd, the Directorate General of Civil Aviation (DGCA) has extended the air operator certificate of the beleaguered airline until 3 September, even as it undergoes the corporate insolvency resolution process (CIRP). “DGCA has extended AOC in respect of Jet Airways for a period up to 03.09.2023 only for limited purpose of completing the ongoing CIRP," the regulator said in a statement. However, the airline will be required to undergo a re-certification process as per the established rules and show its adherence to the applicable regulatory requirements once again before it can resume flight services.

NEW DELHI : Bharti Airtel Ltd prepaid ₹8,024 crore ahead of schedule to clear part of its deferred liabilities for the spectrum acquired in 2015 as part of a plan to save costs. “The said instalments had an interest rate of 10% and have been prepaid by Airtel, leveraging much lower cost financing available to it," the telco said in a statement on Monday, noting that the amount was paid to the department of telecommunications. Airtel continues to enjoy access to well-diversified sources of capital or financing, allowing it to have enhanced financial flexibility in its capital structure, including the optimized cost of financing using all opportunities for significant interest savings, like this prepayment, the carrier added.

New Delhi: The government has issued over 2 lakh challans or penalties on violators of the Cigarettes and other Tobacco Products Act (COTPA) 2003, which prohibits the advertisement of tobacco products and regulates its trade and commerce, production, supply and distribution, to reduce tobacco use. These penalties were imposed as they were found selling cigarettes and tobacco products to individuals below 18 years of age and selling tobacco items within close proximity to educational institutions.