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A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana

Parliament was informed on Monday. The government's aim is to have an installed power generation capacity of around 777.14 GW by 2029-30. India's overall power generation capacity was at 454.452 GW as of October 2024. The Ministry of Power, in consultation with states, has envisaged a plan to add thermal capacity of a minimum 80,000 MW by 2031-32, Union Minister Shripad Naik said in a written reply to Rajya Sabha. «Against this target, 29,200 MW thermal capacity is already under construction, while 51,520 MW is at various stages of planning & development,» the Minister of State (MoS) for Power said.

Donald Trump's drive to upend the FBI was welcomed by Republican senators although it was not clear on Sunday how strongly members of the incoming majority party would embrace his move to install ally Kash Patel as the next director of the Justice Department's top investigative arm. Patel, a onetime national security prosecutor who is aligned with the president-elect's rhetoric about a «deep state,» «must prove to Congress he will reform & restore public trust in FBI,» said Sen. Chuck Grassley of Iowa, in line to be the Senate Judiciary Committee chairman when Republicans take control in January, in a post on X. Patel lacks the high-level legal and management experience that FBI directors, including Robert Mueller, James Comey and Christopher Wray, who now holds that job, had before their nominations. It's a 10-year term, and Trump named Wray in 2017 after firing Comey. So Trump's announcement late Saturday means Wray must either resign or be fired after Trump takes office on Jan. 20, 2025.

Subscribe to enjoy similar stories. When an Israeli bomb killed Hassan Nasrallah, the leader of Hizbullah, last week, it did not just decapitate a fearsome militia that has driven some 60,000 Israelis from their homes with frequent rocket attacks. It also dealt a hammer blow to Iran’s “axis of resistance", a constellation of proxy forces that Iran has for decades used to attack both Israel and Western interests in the Middle East.

Flight trackers first spotted a jet broadcasting the prime minister's callsign en route to the southern US state, in a visit that comes days after Trump threatened the United States' northern neighbor with import tariffs once he takes office. According to the website Flightradar, the Canadian leader's plane landed at Palm Beach International Airport late in the afternoon.

President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory

Subscribe to enjoy similar stories. KYIV, Ukraine—Ukraine’s European allies, struggling to produce enough weapons for Kyiv’s war effort, are pioneering a new method: Giving Ukrainians money to do it themselves. In the new approach, Europeans are financing Ukrainian government contracts with cash-strapped Ukrainian arms makers to produce equipment for the country’s armed forces, including long-range missiles and drones that can strike Russian territory.

Rishabh Pant took to social media to applaud his teammates following India's sensational victory against Australia, in a rather quirky way. Picking on the memes that went around, featuring Mohammed Siraj's iconic lines from the T20 World Cup win, Pant shared heartfelt appreciation for his teammates on his Instagram story. «I only believe in Jassi bhai, because he is a gamechanger,» Siraj had said in a post-victory interaction in the USA in June, when Bumrah had turned the game around for team India. This, later, became a part of memes and appreciation posts across social media.

Subscribe to enjoy similar stories. Mergers and acquisitions (M&As) are likely to get a boost in 2025 on the back of increased political clarity after a year of key national elections globally and a cooling initial public offering (IPO) market, top executives at Investec Bank Plc said in an interview with the Mint. “2024 was clearly a year of significant uncertainty.

Canada's public health agency on Friday confirmed the first case of clade I mpox in Canada, in an person in Manitoba.

BEIJING — Chinese gaming giant Tencent is betting on a rise in female players worldwide for its mobile game Honor of Kings, which rolled out to the U.S. and other countries in June.

Drugmakers are required to be clearer about explaining risks and side effects.

Subscribe to enjoy similar stories. Private equity companies are looking to invest $100 million in new-age intra-city logistics services provider Porter, in a deal that will value the decade-old startup at $1.1-$1.2 billion, two people with knowledge of the development said. The new funding round will be a mix of primary and secondary share sale, they said on the condition of anonymity.

Otis India aims to support this need and urbanisation of India in a way that is smart, sustainable and scalable, says Sebi Joseph, President of Otis India, in an interaction with ET Digital. He adds that Otis also understands the challenges associated with respect to tier-2 and tier-3 cities and creates tailored solutions at scale to meet customer expectations. Edited excerpts: The Economic Times (ET): How is India placed in terms of manufacturing, installation and servicing of elevators and escalators? How have things changed over the years? Sebi Joseph (SJ): It is an exciting time for the elevator and escalator industry in India.

Philippine Defense Secretary Gilberto Teodoro says he doesn't expect U.S. President-elect Donald Trump’s next administration will demand the Philippines pay more for military protection because both allies face the shared threat of China

UK universities are among the most prestigious in the world, but visa restrictions mean they are now attracting fewer international students — taking a heavy toll on their finances. The restrictions are compounding problems caused by the UK's departure from the European Union four years' ago. Almost 760,000 foreign students were enrolled in British universities in 2022, making Britain the second most popular destination after the US, in a highly competitive market.

Subscribe to enjoy similar stories. Higher government spending, and wedding and festival season uptick in sales could enable Nifty to notch the Street estimated earnings of ₹1,059 per share in the current fiscal. The real worry is the FY26 Nifty 50 EPS estimate of ~ ₹1,200-1,250, an 18% growth over that in FY24, which looks tough, given an estimated 5% earnings growth in the current fiscal, believes Nilesh Shah, managing director (MD) of Kotak Mahindra Asset Management Co.

Subscribe to enjoy similar stories. Let’s face it, you’re online right now, looking for updates and analysis. If you’re scrolling anyway, maybe try fixing something in your life—in 15 minutes or less.

Subscribe to enjoy similar stories. When Federal Reserve officials decide this week on the path for interest rates, they will have a new factor to consider: the re-election of Donald Trump. Not only could Trump’s policies affect the path for inflation and growth, his return to the White House also poses questions about the Fed’s freedom to set rates without political interference.