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₹2.5 crore abroad but could cost only ₹60 lakh under Bharat NCAP. This could even encourage companies that get their vehicles tested at NCAP-accredited centres in Europe, particularly Germany, to shift testing to India.

Astra Microwave Products share price jumped more than 7% to hit a fresh 52-week high on Friday after the company won orders worth ₹158 crore for satellite and radar systems. Astra Microwave share price jumped as much as 7.72% to a 52-week high of ₹398.60 apiece on the BSE. Astra Microwave bagged orders for supply of Satellite sub-systems, Airborne Radar and sub-systems of Radar and EW projects, from Defence Research and Development Organisation (DRDO), the Indian Space Research Organisation (ISRO) and Defence Public Sector Undertakings (DPSUs), the company said in an exchange filing.

Investing.com — European stock markets are expected to open largely lower Friday, following the weak lead from Wall Street overnight ahead of more monetary policy cues from the Jackson Hole Symposium. 

BSE Sensex has run up quite a bit in recent months. After touching its all-time high of 67,619 in July 2023, it currently trades at 65,400 levels. In this bullish market, most stocks have climbed up the ladder, commanding rich valuations.

BEIJING — U.S. chipmaker Nvidia this week soundly beat analysts' expectations for major revenue lines — except in automotive — as Chinese demand for electric cars moderates.

Applications for unemployment benefits fell again last week as America’s labor market continues to hum along despite attempts by the Federal Reserve to cool the economy and bring down inflation that’s still higher than optimal

New Delhi: Indian steel companies Tata Steel and Jindal Stainless played key roles in the success of the Chandrayaan-3 lunar mission, which landed on the Moon's south pole on Wednesday. Tata Steel said its crane technology helped in assembling the Fat-LVM3-M4 rocket.

Flax Typhoon" has targeted dozens of Taiwanese government agencies with the likely aim of spying on them, Microsoft has revealed.Taiwan has long accused China — which claims the self-ruled island as its territory — of espionage through cyberattacks on its government networks. Microsoft said Thursday that Flax Typhoon, «a nation-state actor based out of China», has since mid-2021 mainly «targeted government agencies and education, critical manufacturing, and information technology organizations in Taiwan». The activities observed suggest «the threat actor intends to perform espionage and maintain access to organizations across a broad range of industries for as long as possible,» the US tech giant said in a blog post. «However, Microsoft has not observed Flax Typhoon act on final objectives in this campaign.» China has long vowed to take Taiwan — by force if necessary — and has stepped up military and political pressure on the island. In addition to government agencies, Microsoft said Flax Typhoon has also targeted «critical manufacturing and information technology organizations in Taiwan». The firm said outside of Taiwan, there were some Flax Typhoon «victims» in Southeast Asia, North America and Africa. Last month, Microsoft said China-based hackers seeking intelligence had breached the email accounts of a number of US government agencies. That hacking group — which Microsoft called Storm-0558 — primarily focuses on «espionage, data theft, and credential access». The company also warned this year that state-sponsored Chinese hackers had infiltrated critical US infrastructure networks, saying this was likely aimed at hampering the United States during a conflict. Microsoft made particular mention of Guam, a US Pacific

Oil prices fell slightly in early Asian trade on Friday, on track for a weekly decline as weak manufacturing activity hurt the global demand outlook and the dollar remained buoyant. Brent crude fell 16 cents, or 0.2%, to $83.20 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude fell 18 cents, or 0.2%, to $78.91 a barrel. Crude prices are set to fall between 2%-3% for the week, a second consecutive week of decline. Oil settled modestly higher in the previous session after Dutch consultancy Insights Global posted data showing gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub declined by 3% in the latest week. Investor caution ahead of remarks from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium lifted the safe-haven dollar to a 10-week high, its biggest rise in a month, as markets waited for word on how long rates would stay high.

FOX Business' Ashley Webster speaks to Winton Machine Company CEO and owner Lisa Winton about why she moved operations from the northeast to Georgia.

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Unionized workers at a General Motors joint-venture electric vehicle battery plant in Ohio will see pay raises while they continue to negotiate a contract

Universal AutofoundryAce investor Ashish Kacholia has picked up a stake in iron casting maker Universal Autofoundry through block deals on Thursday.PaytmAntfin is likely to sell 3.6% stake in fintech major Paytm through a block deal on Friday, according to reports.Read more: What changed the market while you were sleepingCoforgePromoter Baring PE, through its affiliate Huslt BV, has sold its entire stake in IT services company Coforge through bulk deals on Thursday.Max FinancialMax Ventures Investment Holdings, a promoter group entity of Max Financial Services, on Thursday, sold 3.3% stake in the company for Rs 982 crore.Union BankUnion Bank board approved closure of QIP on Thursday after receipt of application forms for an aggregate amount of Rs 5,000 crore.InfosysInfosys has on boarded Tennis icon Rafael Nadal as ambassador for the brand and Infosys’ Digital Innovation.Hero MotoCorpHero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, announced the launch of New Glamour.Astra MicrowaveThe company has bagged orders worth Rs 158 crore for supply of satellite sub-systems, airborne radar and sub-systems of radar and EW projects, from DRDO, ISRO and DPSU.

IPO) of Aeroflex Industries was subscribed 97 times on Thursday — the final day of bidding. The issue received bids for 225 crore shares against the offer size of 2.32 crore shares.

Wall Street slumped to its worst day in three weeks, despite a blowout profit report from Nvidia

RK Singh on Thursday said a proposal on mandating the use of green hydrogen for some industries may soon be sent for the cabinet's approval. Basically that (green hydrogen consumption) mandate fixation is in process, Singh said at an event. «Most ministries want a smaller mandate to start with.

European Union has proposed an investment court system to India to resolve investor-state disputes, a substantive change from its earlier proposal, as the two sides thrash out the modalities of the proposed bilateral investment protection pact. EU commissioner for trade Valdis Dombrovskis also indicated the two sides may resolve their outstanding dispute. The two are involved in a dispute over tariffs imposed by New Delhi on information and communication technology goods outside the World Trade Organization. Noting India's ambition to become a manufacturing hub and integrate itself with the global value chains which requires a lot of investment, he said: «For this investment to come, there also needs to be proper investment protection and a proper mechanism to solve disputes as they arise.» India and the EU are negotiating a trade pact, an investment protection agreement and an agreement on geographical indications. The bloc has proposed the investment court system on the lines of agreements with other countries. «We are awaiting India's proposal on this,» said Dombrovskis, who is in India for the two-day G20 trade and investment ministers meeting that began Thursday. «It's a change of EU approach instead of relying on arbitrations where sometimes it was not transparent.

LCA), the air force is set to order an additional 100 of the Mk 1A variant of the fighter jet, with the order value likely to be around $8 billion. The Indian Air Force (IAF) has already placed an order for 83 LCA Mk1A fighter jets, the first of which is to be delivered by early next year. The Mk 1A version is a major improvement over the 40 Mk1 jets that were originally ordered by the air force, with modern avionics, Active Electronically Steered Radar, a new electronic warfare suite and a Beyond Visual Range missile capability. The order will place the total number of LCA jets-also called Tejas-in the Indian fighter fleet at 223, second only to the Russian origin Su 30MKI fighter jets.

₹50.02 crore, including interest, for not complying with the phased manufacturing programme norms under FAME II. It had claimed subsidies worth ₹44.3 crore. Under the norms, EV manufacturers benefiting from FAME II scheme need to manufacture the vehicles and components indigenously.

NEW DELHI : The European Union (EU) has proposed an investment court system for dispute resolution as part of the bilateral investment treaty (BIT) under negotiation alongside the free trade agreement, European commissioner for trade Valdis Dombrovskis said. EU officials plan to discuss the proposal with finance minister Nirmala Sitharaman on Saturday, Dombrovskis said in an interview. In a sign of easing trade tensions, the EU trade chief said that settlement of outstanding disputes at the World Trade Organization (WTO) is also on the agenda.

Reuters citing data from analytics firm S3 Partners. According to the report, S3 Partners said that bearish bets on the world’s largest chipmaker, have cost investors $11.36 billion in paper losses so far this year, neck-to-neck with Tesla as the worst performing short bet. Shares of Nvidia rose 7.4% at $506.30 before the opening bell on Thursday.