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India is yet to decide on the lower import taxes on imported electric vehicles, news agency Reuters quoted Rajesh Kumar Singh, a top bureaucrat at the Department for Industry and Trade Promotion as saying at the ongoing World Economic Forum in Davos. The issue of the Elon Musk-led company's entry and lower EV import taxes has also faced resistance from the domestic industry, the official said. Additionally, India has continued its demand of wanting firm commitments from Tesla on investment and manufacturing should the government opt to lower taxes.

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Oil prices edged higher on Thursday as OPEC forecast relatively strong growth in global oil demand over the next two years and a cold blast in the U.S. disrupted some oil production. Brent crude futures gained 28 cents to $78.16 a barrel by 0004 GMT, and U.S.

Also Read | Nifty Pharma hits all-time high; 10 stocks including Lupin, Cipla, Glenmark Pharma, Divi's Labs touch one-year peaks The offer from Sun Pharma totals approximately $347.8 million, according to Reuters calculations, and represents a 4.2% premium to Taro's closing share price on the preceding January 17. Sun Pharma, which presently holds a 78.5% stake in Taro, had initially proposed to purchase the remaining stake at $38 per share in May.

Houthis has said they are acting in solidarity with Palestinians and have threatened to expand attacks to include US ships in response to the American and British strikes. In a sign it remains undeterred, the Houthi movement on Wednesday said it made a "direct hit" with missiles on the US Genco Picardy bulk carrier. This second attack was confirmed by US shipping company Genco, saying that its ship was struck by a projectile while it was travelling through the Gulf of Aden carrying phosphate rock.

Monetary policy in India must remain actively disinflationary despite the recent sharp fall in core inflation, Reserve Bank of India Governor Shaktikanta Das said at the World Economic Forum in Davos. «When inflation is still above 5.5%, rather close to 6%, our monetary policy has to remain actively disinflationary and it would be too premature to talk in terms of a pivot in our monetary policy,» Das said in an interview with Reuters. He however acknowledged the recent fall in core inflation, which strips out volatile food and fuel prices, and said it gives them the satisfaction that monetary policy is working but the target for the monetary policy committee remains the headline number. The apex bank chief said the global geo-political situation remains volatile and could impact economies around the world with food inflation particularly vulnerable to spikes on the back of disruption in global supply chains and other risks. Das said he expects January inflation to moderate and the trend has been moderating but unless inflation reaches 4% on a durable basis, the bank cannot get lulled into a complacency or think of changing its policy focus. Annual retail inflation rose 5.69% in December, the fastest pace in four months but core inflation dropped to a four-year low of 3.8% from around 4.1% in November. Das, whose term is ends in December, would be the longest serving RBI governor since the 1991 liberalisation. He has led the world's fifth largest economy since 2018, keeping inflation and the currency relatively stable through successive shocks including the failure of a large non-bank lender, Covid-19 and the Ukraine war. He reiterated that the RBI intervenes in the exchange rate market only to prevent undue

(Reuters) — Goodyear Tire & Rubber Co is expected to name Stellantis (NYSE:STLA) executive Mark Stewart as its new CEO following a pressure campaign by activist investor Elliott Investment Management L.P., Bloomberg News reported on Wednesday.

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The investment firm for a member of the multibillionaire dynasty behind Thomson Reuters Corp. is looking to ramp up deal-making in New York City as it targets financial sector investments.

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₹50,000 crore over the next 10 years to set up a 1 GW data centre in Maharashtra. The apples-to-airport conglomerate will invest ₹624 billion in Maharashtra and Telangana as a part of its ₹7-trillion expenditure plan for the next decade, Reuters reported.

WASHINGTON (Reuters) — U.S. retail sales increased more than expected in December as consumers stepped up purchases of motor vehicles and retailers offered discounts, keeping the economy on solid ground heading into the new year.

India's government has turned down a request from state-owned iron ore miner NMDC Ltd to export its ore to China, the world's largest iron ore consumer, three sources with direct knowledge said. The government has instead asked NMDC, India's largest state-owned iron ore miner, to focus on domestic sales, said the sources who didn't wish to be named as they were not authorised to talk to the media. China accounts for around 80% of India's overall iron ore shipments.

India's top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi's drive to reduce pollution, taxing them at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars. That has upset the likes of Japanese automaker Toyota, which popularised hybrids with the Prius, and has since last year been urging India to cut taxes on them, saying they reduce carbon emissions compared to gasoline cars.

UBS Securities bullish on GAIL's profitability and potential stock re-rating; raises target price by over 26% UBS has been making quick progress on integrating Credit Suisse since it agreed to buy the smaller rival in an emergency takeover ten months ago in what was the biggest banking sector tie-up since the financial crisis. Still, the acquisition comes with a raft of potential difficulties from closing out positions to managing the legal liabilities inherited from Credit Suisse, the Bloomberg report added.

NEW DELHI : India's top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi's drive to reduce pollution, taxing them at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars.

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