Country Financial News

Elon Musk, is eyeing new opportunities in Asia with its cutting-edge ‘new-gen platform’, which seeks to introduce more budget-friendly compact and sub-compact electric vehicles (EV) that have the potential to drive large volumes across developing Southeast Asian markets. According to Tesla’s Q2 investor deck, it is working on developing its next-generation EV platform across multiple locations. Industry insiders said the new product, which is projected to be priced around $25,000, may debut by 2023-end, although some analysts expect a 2025 launch.

₹5,000 to ₹12,000 in Delhi and West Bengal, and is now looking to add two new variants in India with its local partner VBev, owned by Vinspri Distributors Pvt. Ltd, which posted revenue of ₹9.2 crore in FY22 from ₹6 crore in the previous fiscal year. VBev’s profit after tax was at ₹96 lakh in FY22, from a loss of ₹1.8 crore in FY21, according to filings with the ministry of corporate affairs, and accessed via business intelligence platform Tofler.

₹75,000. A month ago, when World Cup schedule was announced, most hotels, including homestays, had taken an over 100% price hike in their asking room rate. Prices of 5-stars hotels had gone up from ₹5,000-8,000 a night to ₹40,000 to ₹1 lakh for 15 October.

Lok Sabha that seeks to empower it to exclusively auction mining lease and composite licence for 26 critical minerals in the country. The proposed amendments to the Mines and Minerals (Development and Regulation) Act, 1957, «would facilitate, encourage and incentivise private sector participation in all spheres of mineral exploration for critical and deep-seated minerals».

Telecom equipment worth ₹6,911 crore was exported by companies selected under the production linked incentive (PLI) scheme till May, the government said on Wednesday. «The companies under the scheme have made an export of ₹6,911 crore up till May 31, 2023,» minister of state for communications Devusinh Chauhan said in a written reply in the Lok Sabha.

Mitski has revealed exciting details about her highly anticipated album. «The Land Is Inhospitable and So Are We» is set to release on September 15 via Dead Oceans, featuring 11 tracks that promise to captivate listeners with Mitski's signature style and emotional depth.

Aadhaar Enrolment Centre (PAEC) for Indian Army has been inaugurated in New Delhi, an official statement said on Wednesday. The PAEC will facilitate Aadhaar-related services (enrolment and updation) for tri-services personnel (Defence and civil) and their dependents through their Field Post Offices (FPO) in 48 identified locations in the country.

NEW DELHI : State-owned Airports Authority of India (AAI), India’s largest airport operator, followed a set formula of having one Indian toilet for every 10 western ones at its aerodromes. That, however, changed after the onset of the pandemic, as its headquarters in New Delhi received numerous requests from many heads of airports across the country asking for that criterion to be relaxed.

NEW DELHI : : Finland will help India develop and build quantum computers here, Finnish diplomat Kimmo Siira said in an exclusive interview with Mint. Siira, Counsellor in the Finnish embassy, revealed that the country will pursue closer high technology collaborations with India in quantum computing and artificial intelligence. This focus on technology cooperation comes from the Finland’s new DESI initiative, which targets Digitalisation, Education, Sustainability and Innovation in its relationship with India.

New Delhi: India has the potential to develop a $40-$100 billion space industry by 2040 on the back of rising space budget, increased number of launch services from the country, entry of private players and startups, and boom in India’s satellite internet market, consultancy firm Arthur D. Little said in its latest report. Currently, India’s space industry is valued at $8 billion with a 2% share in the global space economy.

NEW DELHI : Parliament Standing Committee on Foreign Affairs urged the government to consider the establishment of economic ties with Pakistan, despite the diplomatic deep-freeze in bilateral relations for some time. “Despite the lack of progress on the diplomatic front, the Committee urge the Government to consider the establishment of economic ties with Pakistan if they come forward and work towards broader people-to-people contacts in view of the cultural commonalities and civilizational linkages between our two countries and no feeling of enmity amongst citizens of both the countries," the Standing Committee said in its report on India’s “Neighbourhood First" Policy.

NEW DELHI : Six major Asian economies, China, Hong Kong, Japan, South Korea, Singapore and Taiwan, which comprise one-fifth of the world’s population, will experience rapid decline in their working-age populations that is expected to drop about 10 percentage points by 2050 to 59% of their total populations on average, leading to major impact on global economic growth, Moody’s Investors Services said in a report on Wednesday. The drag on growth and public finances for these economies will be significant, barring gains in productivity, workforce participation or quality of available labour, said the report titled “Aging in key economies will drag on growth and finances, with global credit implications".

Pakistan and work towards broader people-to-people contacts given the «cultural commonalities and civilisational linkages» between the two countries. The Parliamentary Standing Committee on External Affairs chaired by BJP leader P P Chaudhary, in its report on 'India's Neighbourhood First Policy' presented to the Lok Sabha on Tuesday, observed that the policy was dynamic and that it adjusts to the country's renewed interests in the region while evolving according to regional circumstances.

Commerce and Industry Minister Piyush Goyal said. The International Exhibition-cum-Convention Centre (IECC)) complex is India's largest MICE (Meetings, Incentives, Conferences, and Exhibitions) destination. In terms of the covered space available for events, the complex finds its place among the top exhibition and convention complexes in the world. It comprises multiple modern facilities, including convention centres, exhibition halls and amphitheatres. It was developed by India Trade Promotion Organisation, a body of the commerce ministry. Speaking at the unveiling of the complex, Goyal said the Prime Minister has «inspired us» to move as a nation towards the goal of becoming a developed nation. He also highlighted the role of Shramjeevis and architects in the development of the complex.

GreenH Electrolysis on Wednesday announced its plans to set up an electrolyser manufacturing plant with a capacity of 1 gigawatt (GW) in India. GreenH Electrolysis is a joint venture company between Spain-based H2B2 Electrolysis Technologies and GR Group of India. «GreenH Electrolysis announces its first, 1 GW, state-of-the-art, PEM electrolyser manufacturing plant in India,» the company said in a statement.

India's 83rd chess Grandmaster. The 17-year old Samant, an International Master, became a GM when he started his ninth round game against compatriot Aryan Chopra at the BielChess MTO 2023 tournament.

Narendra Modi on Thursday will release around Rs 17,000 crore as the 14th instalment to about 8.5 crore farmer beneficiaries under the PM-KISAN scheme. The amount will be transferred to the beneficiaries' bank accounts at an event in Sikar, Rajasthan on Thursday, an official statement said. The total amount transferred to beneficiaries since the inception of the scheme is expected to cross Rs 2.59 lakh crore.

By Andy Bruce

India vs Pakistan match may get preponed to 14 October. “Security agencies have advised BCCI to reschedule the match date to October 14 from October 15," a BCCI source said as per ANI. The final decision on the date of the match will be taken in a meeting on 27 July.

₹114 crore, which is 74% down YoY. Apart from this, the firm also reported that the quarterly revenue revenue declined 23.7 percent year-on-year to ₹3,031 crores, it said in a stock regulatory filing.

The world’s most populous nation is more poorly endowed with farmland per capita than Greece or Algeria. That is going to make life harder as a fast warming planet destabilizes the cycles of rain and sunshine that have kept the Indian subcontinent fed for millennia. India recently suspended exports of non-Basmati varieties of rice after heavy monsoon rainfall damaged crops that were due to be harvested in winter.