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BYD has reported impressive growth for 2024, surpassing Tesla in revenue. The company earned 777.1 billion yuan ($107.2 billion), significantly higher than Tesla's previously reported revenue of $97.7 billion. BYD also posted a net profit of 40.3 billion yuan, a 34% increase from 2023, marking a record high. In January, the company revealed that it sold nearly 4.3 million vehicles last year, a 40% increase over the previous year. The Chinese company’s strong results come at a time when Tesla is struggling, with a 71% drop in net income for the fourth quarter of 2024. Tesla's profits fell to $2.32 billion, down from $7.93 billion, as reported by CNBC in late January.

Subscribe to enjoy similar stories. India’s defence majors such as Ideaforge Technology Ltd and Hindustan Aeronautics Ltd took a beating at the bourses during the recent market sell-off.

Subscribe to enjoy similar stories. NEW DELHI : India is advancing negotiations on a Bilateral Trade Agreement (BTA) with the US—what would typically be called a free trade agreement (FTA)—but a critical gap in Washington’s trade framework threatens to complicate the deal. Unlike past trade agreements, any pact India finalizes could face prolonged scrutiny and potential amendments by US lawmakers, as the country currently lacks Fast Track Trade Authority (FTTA)—a mechanism that allows the US president to negotiate trade deals and present them for a simple up-or-down vote in Congress.

Subscribe to enjoy similar stories. Every month, Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India.

Elon Musk donned a new MAGA hat with the greatest message for President Donald Trump at a Cabinet meeting. Musk recently attended the second cabinet meeting of Donald Trump and once again dominated the headlines with his choice of attire. Generally, Elon Musk is seen wearing the signature red 'Make America Great Again' (MAGA) hat at official meetings. But at this meeting, he was seen wearing a red baseball cap that read "Trump was right about everything". The Tesla CEO paired the cap with a black suit jacket over a plain black shirt— again a contrast to his previous appearance at a cabinet meeting last month. Musk was the only attendee at the Cabinet meeting on Monday afternoon to sport the hat with the big statement. ALSO READ: Inside Trump aide and Elon Musk's secret meeting on how they aim to transform federal spending He also wore a black suit jacket over a black shirt, similar to his attire at a Cabinet meeting last month when he wore a ‘tech support’ shirt under a suit jacket and a dark MAGA hat.

Bitcoin and major cryptocurrencies extended their gains on Monday as investor sentiment remained bullish despite looming US tariff concerns and key economic data releases later this week. As of 11:26 am IST, Bitcoin was up 3.2% at $86,590, while Ethereum gained 2.3% to trade at $2,047. The global crypto market cap rose 2.94% over the past 24 hours, reaching $2.84 trillion.

«India's GDP will grow 6.5 per cent in the fiscal year ending March 31, 2026, we expect. Our forecast is the same as the outcome for the previous fiscal year, but less than our earlier forecast of 6.7 per cent,» S&P said. The forecast assumes that the upcoming monsoon season will be normal and that commodity- especially crude-- prices will be soft. Cooling food inflation, the tax benefits announced in the country's budget for the fiscal year ending March 2026, and lower borrowing costs will support discretionary consumption in India, S&P said. The global credit rating agency expects central banks in the Asia Pacific region to continue cutting benchmark interest rates through this year.

Donald Trump has confirmed that a journalist from The Atlantic magazine was included in a private social media chat about upcoming attacks on the Houthi armed group in Yemen. What could be described as a major foot-in-mouth moment for the Trump administration, Atlantic editor-in-chief Jeffrey Goldberg claimed that he got to know about the plans of the US bombing the Houthis two hours before it actually happened because Defense Secretary Pete Hegseth by mistake texted him the war plan, according to multiple US media reports. On the Senate floor on Monday, the minority leader, Chuck Schumer, called it “one of the most stunning breaches of military intelligence I have read about in a very, very long time” and urged Republicans to seek a “full investigation into how this happened, the damage it created and how we can avoid it in the future”. “Every single one of the government officials on this text chain have now committed a crime – even if accidentally,” the Delaware senator Chris Coons wrote on Twitter/X. “We can’t trust anyone in this dangerous administration to keep Americans safe.” ALSO READ: 'Maliciously false information': Elon Musk threatens Pentagon leakers over 'top-secret plans' for China war story

Subscribe to enjoy similar stories. MUMBAI : Managing bulk payments efficiently while maximizing credit card rewards could be a smart financial move. Many credit card users do not get any reward points when paying bills directly.

Vietnam, which has now emerged as the fastest-growing tourism destination in Southeast Asia. Now, Vietnam has emerged as the third-most-visited country in the region, with 17.5 million international arrivals in 2024, edging ahead of Singapore. It follows Malaysia, which had 25 million visitors, and Thailand, which remains at the top with 35 million. The numbers also make Vietnam, also referred to as the Land of the Ascending Dragon, the regional leader in tourism recovery. Five years after the Covid-19 pandemic brought global travel to a halt, Vietnam has regained 98% of its pre-pandemic tourism business, outpacing all its neighbours, including Thailand (87.5%) and Singapore (86%). The momentum shows no signs of slowing down. Nearly four million international tourists arrived in Vietnam in January and February this year, a 30.2% increase from the same period last year, according to figures from the Vietnam National Authority of Tourism.

Subscribe to enjoy similar stories. Wipro GE Healthcare, the 35-year-old joint venture between GE HealthCare and Wipro Enterprises, has started rolling out its $1 billion investment plan to expand manufacturing in India and boost exports, confident that it can dodge the impact of reciprocal tariffs that the US may impose on India’s medtech industry. The company expects to make about 70% of its products for the Indian market locally by 2030, a top executive said, compared with 40-45% currently.

Subscribe to enjoy similar stories. MUMBAI : A majority of the investors in the popular sovereign gold bonds (SGBs) are saying no to premature redemption despite making stellar returns on their original investment.

Subscribe to enjoy similar stories. The notion of American economic exceptionalism hasn’t exactly panned out so far this year. The U.S.

Nirmala Sitharaman introduced the Bill for the 2025-26 fiscal in Parliament, seeking approval for key Budget proposals. The Finance Bill needs to be approved by both houses of the parliament to become a law and give effect to the Budget proposals. India plans to scrap the 6% equalisation levy on online advertisement services offered by companies like Google and Meta—commonly known as the Google tax—starting April 1. The move appears to be an effort to appease US President Donald Trump, who has warned of retaliatory tariffs on nations imposing digital taxes on American tech firms from April 2. The proposal is part of the 59 amendments to the Finance Bill introduced by Finance Minister. Union Finance Minister Nirmala Sitharaman on February 1 presented the Budget 2025-26 in the Parliament. The Union Budget 2024-25 provided major relief to the salaried class with no income tax on an average monthly income of up to Rs one lakh to boost household savings and consumption with the government also giving thrust to four engines of development — agriculture, MSMEs, investment and exports.

Subscribe to enjoy similar stories. President Trump wants to secure the minerals the U.S. needs for everything from smartphones to jet fighters by striking deals in Ukraine, Greenland and even Russia.

assets, making it easier to send money across borders and drive decentralized finance (DeFi). But their quick rise has caught the eye of regulators, who want to cut down on possible risks to financial stability. Regulators worldwide are increasingly focused on several key aspects of stablecoin regulation, including liquidity, reserves, transparency, and measures to stop illegal activities. The European Union has made big moves in this area. They've put in place the Markets in Crypto-Assets (MiCA) rules. These rules set up thorough standards for EU countries to follow. This plan has strict reserve requirements rules and limits on big transactions for major issuers. It could serve as a model for other jurisdictions that want to create their own rules.

Subscribe to enjoy similar stories. PARIS—Two weeks after Russia’s large-scale invasion of Ukraine, French President Emmanuel Macron descended 20 stories beneath Paris to send a message to Moscow. He entered France’s nuclear bunker deep under his regal presidential palace to lead an exercise dubbed Poker.

Subscribe to enjoy similar stories. MANY KNOW the mortification of sending the wrong text message to the wrong person. But when the fat thumb is that of America’s national security adviser, Mike Waltz, the message is a detailed military plan to bomb Yemen and the recipient is a prominent journalist, the error is not just a cause of shame but potentially a serious breach of national security.

Subscribe to enjoy similar stories. US President Donald Trump has sent yet another signal that he has no qualms deploying tariffs as a geopolitical weapon. As reported, he has now said the US would levy a 25% tariff on all imports from any country that purchases oil or gas from Venezuela, a country that has been under US sanctions but whose finances he evidently wants to squeeze harder.

US Congress on Monday seeking to impose sanctions on Pakistan's Army chief, General Asim Munir, for his alleged role in persecuting political opponents, including former Pakistan Prime Minister Imran Khan, The Hill reported. The legislation, titled the "Pakistan Democracy Act," was introduced by Reps. Joe Wilson (R-S.C.) and Jimmy Panetta (D-Calif.) and calls for targeted sanctions under the Global Magnitsky Human Rights Accountability Act. The bill mandates that within 180 days, the US government identify individuals involved in political persecution in Pakistan and impose penalties, including visa bans and restrictions on entry into the United States.