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Tesla has announced significant price cuts for its electric vehicles (EVs) in key markets, including China and Germany, as it grapples with declining sales and heightened competition. This move follows price reductions in the United States and comes on the heels of the company reporting a drop in global vehicle deliveries for the first time in almost four years. Price Adjustments to Boost Sales The price cuts aim to stimulate demand and regain market share in the face of increasing competition, particularly from more affordable Chinese EV manufacturers. Tesla has been facing challenges in maintaining sales momentum, and these price reductions are seen as a strategic response to current market dynamics.

five lakh people in the next three years through its vendors and components suppliers," a senior government officer told PTI. The Cupertino-based company is planning a five-fold expansion in its production, targeting an increase of more than five times to approximately USD 40 billion (roughly 3.32 lakh crore) over the next four to five years.

Top Events of the Day: Prime Minister Narendra Modi has intensified his campaign trail, hitting the stages in Jalore and Banswara, stirring the political atmosphere as the Lok Sabha elections heat up. Simultaneously, academic and career aspirations will peak as thousands download their admit cards for the UPSC CDS-1 Exam set for today.

Edition reported that the ruling PNC won 50 out of the 93 seats in the 20th People's Majlis, winning majority in parliament. As per the report, the majority in parliament is achieved by winning more than half the seats — that is 47 seats — "and a super majority can be reached by three fourth of seats, amounting to 70". Meanwhile, sun.mv reported that of the 203 seats where counting is complete, the PNC led by Muizzu bagged 59 seats, followed by Maldivian Democratic Party (MDP) at 10 seats and Independents nine seats.

Congress leader Rahul Gandhi on Saturday alleged that Prime Minister Narendra Modi is running a «school of corruption» in the country where he himself is teaching under the subject 'Entire Corruption Science". In a post on X, Rahul said that the BJP has made this course mandatory for its leaders. «Narendra Modi is running a 'school of corruption' in the country! Where under the subject 'Entire Corruption Science', he himself is teaching each chapter including 'donation business' in detail,» he said.

ethnic wear brand Indifusion, which it had acquired three years ago, amid mounting losses and falling demand. The move also signals a larger slowdown trend in the overall ethnic wear segment since last year, said retailers and mall owners. Bestseller said the brand's sales did not meet expectations or ambitions and, therefore, they decided to make strategic adjustments and realign its focus. Bestseller, known for its western casual brands such as Jack and Jones and Vero Moda, purchased Indifusion in a distress sale during the peak of the pandemic but had no prior experience in operating an Indian wear label. «For a western brand company, understanding the Indian wear segment is challenging and time consuming too. Also, there has been a general slowdown in the discretionary segment including apparel, which worsened its revival plan,» said an industry executive. Over the past two decades, a shift from ready-to-stitch clothing to ready-to-wear along with the entry of national players like BIBA, W, AND, and Global Desi has propelled the growth in branded apparel helped by a significant shift away from traditional sarees towards ethnic wear and western wear. In India, ethnic wear is the single biggest category in the women's wear segment with a share of 71% despite global fashion brands such as Zara, H&M and Uniqlo pushing westernised clothing in their market.

India on Sunday, with maximum temperatures settling four to six degrees Celsius above normal in many areas. According to the India Meteorological Department (IMD), maximum temperatures hovered between 42 and 45 degrees Celsius in parts of Odisha and Rayalaseema, Gangetic West Bengal, Jharkhand, Vidarbha, Chhattisgarh, Madhya Pradesh, Telangana and Andhra Pradesh. Parts of Bihar, Madhya Pradesh, Tamil Nadu, Puducherry and Uttar Pradesh recorded maximum temperatures between 40 and 42 degrees Celsius. Maximum temperatures settled 4 to 6 degrees Celsius above normal in many parts of Gangetic West Bengal, Bihar, Jharkhand and Odisha; and 2 to 4 degrees above normal in parts of sub-Himalayan West Bengal, Sikkim, Andhra Pradesh, Tamil Nadu, Puducherry & Karaikal, Chhattisgarh, Madhya Pradesh, Vidarbha and Telangana, the IMD said.

Harak Singh Rawat's daughter-in-law and model Anukriti Gusain joined the BJP on Sunday. Gusain (30) had contested the 2022 Uttarakhand Assembly elections on a Congress ticket. The BJP's Uttarakhand unit chief Mahendra Bhatt handed over the party's primary membership to Gusain at the its headquarters. Gusain left the Congress before the Lok Sabha elections and released a video message appealing to the public to vote for the BJP and make Narendra Modi the prime minister once again.

News Wrap this Week: As we wrap up this week, a look at the top news headlines from from April 15 to April 21. India saw its first phase of voting for the mammoth Lok Sabha Elections 2024 on Friday, April 19. While a few areas in West Bengal and Manipur saw violence and exchange of gunfire, the first phase of polling was "largely peaceful across 21 States/UTs", the Elections Commission of India (ECI) said.

Born to a doctor father and homemaker mother, I was raised in Bengaluru. I moved to NITK, Surathkal to pursue engineering degree and later to IIM Lucknow for post-graduation in management. Also acquired CFA charter from CFA Institute, US while working. I am the first one to choose the field of finance even in the extended family tree. How did you land up in this job?

Indian tourists ditch Maldives as numbers drop 40%; China arrivals up by... With Muizzu's anti-India remarks, several Indians have boycotted tourism-dependent Maldives as their holiday destination. According to recent Maldives government statistics, the number of Indian tourists has fallen, dropping that country from being the top source of foreign visitors to Number 6.

INDIA bloc has done well in the first phase of Lok Sabha polls held across the country on April 19, senior Congress leader Digvijaya Singh claimed on Sunday. Singh has been fielded by the Congress from his home turf Rajgarh in Madhya Pradesh. «Good news is coming for INDIA bloc from several places in the first phase of Lok Sabha polls. BJP is not getting the success they expected in their strongholds. They are nervous,» Singh told reporters in Ajgari village, which is part of Chachoda assembly segment under Rajgarh LS seat. He claimed Union Minister and BJP heavyweight Nitin Gadkari «is in trouble» in Nagpur, though he did not elaborate. Two-time MP Gadkari is pitted against the Congress' Vikas Thakre in Nagpur Lok Sabha seat. The BJP used to speak about «Congress-mukt Bharat» but the ruling party itself has become «Congress-yukt» as half of its candidates in the general elections are defectors from the grand old party, the former MP chief minister claimed.

ALSO READ: T20 World Cup | BCCI meeting over Hardik Pandya’s selection; here’s what Rohit, Dravid, Agarkar decided: Report "Because he's not getting many opportunities, I hope selectors won't forget about Rinku Singh. He's a straight walk-in into the Indian team.

parliamentary elections indicate a strong lead for President Mohamed Muizzu's ruling People's National Congress (PNC) over the opposition, including the India-friendly Maldivian Democratic Party (MDP). Election Overview

Farooq Abdullah said on Sunday that Lord Ram belongs to everyone, not only Hindus. Abdullah was addressing the opposition INDIA bloc's 'Ulgulan Naya Maharally' in Ranchi. Without naming any party, he said, «They are selling Lord Ram, claiming that they brought him. They do not know Lord Ram. He does not belong to Hindus alone but to the world. Ram is for everyone. But they have made Ram their own, claiming He is only theirs.» Attacking the saffron party, Abdullah said that it got scared of the popularity of former chief minister Hemant Soren and Delhi chief minister Arvind Kejriwal.

Gangetic West Bengal. Additionally, isolated pockets in East Uttar Pradesh and Jharkhand experienced similar heat. In certain areas of East Madhya Pradesh, East Uttar Pradesh, Tamil Nadu, Puducherry & Karaikal, Bihar, and West Madhya Pradesh, temperatures ranged from 40-42°C, IMD said. These readings were 2-4°C above normal in many parts of Gangetic West Bengal and isolated pockets of Bihar, Jharkhand, East Uttar Pradesh, Chhattisgarh, Odisha, Telangana, Rayalaseema, South Interior Karnataka, Tamil Nadu, Puducherry & Karaikal, Uttarakhand, Vidarbha, and Madhya Pradesh. East Uttar Pradesh is expected to witness a further increase in maximum temperatures by 2-3°C over the next 24 hours, with no significant change thereafter. Conversely, West India is likely to experience no significant changes in maximum temperatures over the next two days, followed by a subsequent rise by 2-3°C.

Strait of Hormuz is a narrow marine corridor situated between Oman and Iran and spans approximately 40 km at its most constricted section, providing 2 km of navigable waterways for vessels entering and exiting. India imports 85% of its crude oil requirements from Saudi Arabia, Iraq, and the UAE and LNG from Qatar.

Hindustan Times (HT), Chandra Kumar Bose said Kangana's statement on the liberator of India, Netaji Subhash Chandra Bose, is incomplete. "Netaji was certainly the head of state, the prime minister of a united, undivided India. The important factor is united and undivided, which she missed out," he told HT.

ALSO READ: AAP MP Sanjay Singh takes a swipe at PM Modi: ‘Like Osama Bin Laden preaching…’ ALSO READ: 'Modi govt wants to kill my husband': Sunita Kejriwal attacks BJP “The Congress party itself is responsible for the condition it has reached today. Earlier, Rajasthan sent former Prime Minister Manmohan Singh to Rajya Sabha, and now you have another leader of Congress in Rajya Sabha (Sonia Gandhi)," Modi said. “Those who cannot contest elections, cannot win elections have fled the field.

BJP leader during a poll debate organised by a national news channel in Madhya Pradesh's Tikamgarh, police said on Sunday. The police have arrested one person in connection with the incident that occurred at a ground in Nazarbag where a news channel organised a debate on Saturday night, an official said. Representatives from the BJP and Congress, among others, participated in the debate, he said. The accused, Himanshu Tiwari and Babar, allegedly raised slogans against the BJP and made objectionable remarks against Prime Minister Narendra Modi, Kotwali police station in-charge Anand Raj said.

We need to keep a close eye on the volatility index, India VIX, as it has surged by nearly 17% in the last week. On Friday, it has given the highest closing in the last 16 trading sessions, Sudeep Shah, Deputy Vice President and Head of Technical & Derivative Research at SBI Securities warns. This analyst recommends trading strategy in Maruti, RIL, Tata Consumer Products, Axis Bank, Bajaj Finance and HUL ahead of their January-March quarter results.