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Also Read: Stocks to buy: HDFC Securities recommends HG Infra and Styrenix as its fundamental stock picks Additionally, after 30 years, China’s role in world steel consumption is expected to diminish and India to account for bulk of steel consumption growth from CY20-25E. While China’s steel consumption may progressively fall from peak levels of CY20 by 110-120 mt, in case of India it is likely to grow by 66 mt by CY25.

Tesla lays off over 16,000 employees; many face H-1B visa deadline Last month, Musk had planned his visit to India but he later postponed it. However, just days later, the billionaire visited China and won concessions for Tesla. Musk was due to meet PM Modi around April 22 and announce an investment of up to $3 billion in a car plant but cancelled saying there were "very heavy Tesla obligations".

Xiaomi Corp. aims to begin making and selling a sport utility vehicle similar to Tesla Inc.’s Model Y as early as 2025, embarking on a major new expansion with production of its debut SU7 electric car set to reach about a 100,000 units this year. Xiaomi is approaching full initial capacity and is working now to increase output to accommodate demand, people familiar with the matter said. The company benchmarked its envisioned SUV against Tesla’s during development, the people said, asking not to be identified discussing a private project. An SUV would mark a big expansion of Xiaomi’s $10 billion EV endeavor, spearheaded personally by billionaire co-founder Lei Jun. The company is trying to reduce its reliance on a volatile smartphone market dominated globally by Apple Inc., though with EVs it’s getting into a crowded arena and taking on established rivals Tesla and BYD Co.

bullet train, External Affairs Minister S Jaishankar said that it will help in decongestion and fasten the pace of urbanization. He was speaking at an event titled 'India's Vishwabandhu Approach to Global Relations' at the Constitution Club in Mumbai on Monday. Addressing the event, Jaishankar said, "Piyush Goyal and I worked on and a few years ago we decided that we will work with Japan on the bullet train...people think what is special in a bullet train, it is just a train, it will go a little bit faster."

bailout program, endorsing government austerity measures so severe they even surpass the terms of its $43 billion loan. The IMF deal follows the completion of its review of Argentina's compliance record and confirms the next $792 million payment will become available to the government in June, reassuring markets and boosting confidence among bankers about Argentina’s prospects as it goes through its worst economic crisis in two decades.

Oil prices edged higher on Monday after losing about $1 a barrel in the previous session on signs that U.S. policymakers are likely to keep interest rates higher for longer. Brent crude futures were up 55 cents at $83.34 a barrel by 1239 GMT. U.S. West Texas Intermediate crude futures rose 62 cents to $78.88.

India is looking for additional sites for Russian nuclear reactors, while the discussion with the French on the proposed Jaitapur nuclear power plant project is underway, External Affairs Minister S Jaishankar said on Monday. Responding to a question on nuclear collaboration with foreign countries not taking off as expected, Jaishankar said the manner in which the Civil Liability for Nuclear Damage Act 2010, was framed required a lot of interaction with foreign suppliers to see how their concerns could be addressed.

The Labor Department releases producer price data for April on Tuesday, and its April report on consumer prices on Wednesday

Severe weather threat, including tornado, is expected to expand its reach on Monday, stretching further eastward and encompassing approximately 19.5 million individuals across the Southern region in the US. Severe weather threat includes Texas cities such as Austin, San Antonio, Waco, Houston and Corpus Christi. Apart from Texas and its areas, Shreveport, New Orleans, and other parts of Louisiana are under weather watch. Southern Arkansas, and Mississippi will also inclement weather. The weather comes on the heels of a stormy April in which the US had 300 confirmed tornadoes, the second-most on record for the month and the most since 2011. Both the Plains and Midwest have been hammered by tornadoes this spring, as per an AP report.

Nashik Lok Sabha seat was in the news because of the prolonged tug of war among the BJP, Shiv Sena and NCP (Ajit) over who should get the seat. The BJP first wanted the seat claiming that Sena MP Hemant Godse would not be able to retain the seat. However, after a seat exchange deal with NCP (Ajit), the BJP offered the seat to the latter. However, with Godse not willing to vacate the seat, CM Eknath Shinde refused to hand over the seat to the NCP(Ajit). Shinde kept dragging the issue till the date of filing of nomination after which the Ajit camp withdrew its claim for the seat. While Godse has got the seat, his job is only half done. He is now facing a tri-cornered contest with Rajabhau Waje from the Uddhav Balasaheb Thackeray (UBT), an independent candidate Shantigiri Maharaj and Karan Gaikar of the Vanchit Bahujan Aghadi.

European business leaders don't seem much concerned about the prospect of another Trump presidency. Some even view it optimistically. Not even Trump's expected unilateral trade moves seem to alter the equation much. In fact, such a move on Trump's part could provide European business leaders with political cover to help them justify shifting production out of Europe. Motivation to shift capital and production out of Europe go well beyond the oft-cited lower cost of energy. To the West, labour productivity in the US on average grew 0.8 percentage points faster a year between 2008 and 2023 than in the eurozone. To the East, there is high growth potential and associated investment opportunities.

Russo Brothers' involvement in the live-action Hercules movie four years ago, updates on the project have been scarce. Recently, the producers shed some light on the current status of the highly anticipated remake.

#1. Reduces stress and anxietyStrength training is an effective tool for reducing stress and managing anxiety. Reema Jani Chowhan, 34, a Zumba trainer from Mumbai, explains how lifting weights significantly improved her ability to handle daily challenges.

Moosa Zameer has said that significant strides have been made in expediting India-assisted projects in the Maldives, as he underscored the government's commitment to prioritising the resumption and completion of these projects. Zameer, who visited India from May 8 to 10 on his very first bilateral official visit, said he and his Indian counterpart S Jaishankar engaged in bilateral discussions on May 9 to address pivotal matters aimed at expediting the projects initiated with India's financial assistance. He said the discussions with Jaishankar focused on the operational dynamics of the committees entrusted with executing these projects, psmnews.mv reported. Speaking at a press conference held in the President's Office, Zameer said India has given the Maldives the green signal to extend the repayment deadline for USD 150 million of a USD 200 million debt. The loan was secured by the previous government upon assuming office in 2019.

Maruti Suzuki India expects its CNG car sales to rise over 30 per cent to around 6 lakh units this fiscal, according to a senior company official. The country's largest carmaker also aims to export around 3 lakh units in the ongoing financial year. «So CNG, this year, we did about 4,50,000 (units) in passenger vehicles. We are hoping to do something like 6,00,000 vehicles in FY24-25,» Maruti Suzuki India Executive Director Corporate Affairs Rahul Bharti said in an analyst call. The company sells CNG trims across various models like WagonR, Brezza, Dzire, and Ertiga, among others in the domestic market.

Arvind Kejriwal to party MLAs said on May 12. “I was worried that medicines should not be stopped from reaching the public. Free electricity and water should not be stopped, but all of you did a very good job and did not let any conspiracy succeed.

₹21,000 crore mark. We have liberated the country from legacy issues. Be it huge NPAs endangering the Indian banking system or abrogating Article 370 ushering a new era of peace in Jammu & Kashmir.

cybersecurity talent. Amid data breaches, progressive regulatory expectations and introduction of generative artificial intelligence platforms making security controls and processes vulnerable, companies are beefing up their cybersecurity teams across levels. They are hiring experts in threat intelligence, security operations, incident response, cloud security, network security, data archival and compliance, among other areas.

Congress from BJP on LS poll eve, prominent politician Chaudhury Birender Singh and his then MP son Brijendra Singh found themselves in limbo. After winning his Hissar seat on BJP symbol, ex-IAS babu Brijendra was supposed to receive a Congress ticket, but AICC Congress gave it to Hooda loyalist Jai Prakash. A little bird said neither AICC nor Haryana party brass supported Brinjendra when Congress CEC chose Haryana candidates. All eyes on Ajay Maken’s move AAP and Congress supporters in Delhi are asking when Ajay Maken, a prominent Delhi Congress leader, will launch a full campaign for the seven LS candidates. Since Maken, a former Delhi CM and now a Karnataka Rajya Sabha MP, was a staunch critic of AAP and CM Kejriwal and had commented on the 'Sheesh Mahal scam' on renovating CM Kejriwal's official residence, they are waiting to see how much the AAP-Congress deal has'reformed' him and how much his much-laboured Rajya Sabha entry has'mellowed' him.

Tomorrow's IPL Match: Chennai Super Kings (CSK) will play Rajasthan Royals (RR) in a must-win game on May 12 at the MA Chidambaram Stadium in Chennai. The afternoon match will start at 3:30 PM. CSK, having won 6 out of 12 matches, must win the next 2 games to qualify for the playoffs.

1. Health check-up: Before starting your fitness journey, it's important to get a health checkup to understand your current fitness level. Tests such as blood count, cholesterol, thyroid, diabetes, vitamins, and BMI can provide valuable insights into your health status.