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NEW DELHI : Indian auto parts makers are emerging as preferred suppliers to Tesla Inc. as it diversifies away from China, two people familiar with the development said, with the US electric car giant often willing to pay a higher price for the shift. Tesla now sources a range of India-made components from small plastic parts and castings, to complex differential systems used in transmission, and wheel hubs.

MUMBAI : After several months spent trying to sensitize lenders against the ongoing credit binge, the Reserve Bank of India (RBI) on Thursday raised risk weights on consumption loans, credit card exposures and loans to non-bank financiers by 25 percentage points each, hoping higher consumption of capital will slow such rapid growth. Bankers and financial sector experts said this would mean borrowers of such loans would have to shell out more as lenders try to compensate for the increase in capital requirement.

MUMBAI : Japan’s SoftBank Group Corp. will sell shares worth $154 million ( ₹1,250 crore) in Delhivery in a block deal on Friday, a term sheet for the transaction showed. The investment firm will continue to hold 10-11% in the new-age logistics firm after the sale.

Alliance (IESA). The focus is on holistic mobility, involving startups in the EV sector," a person close to the developments said on condition of anonymity.

Mint in the week gone by. Delhi’s air quality has been worsening by the day since Diwali despite stringent measures taken by the state government. While the year-on-year inflation rate softened in October, retail prices saw the first month-on-month rise in three months.

MUMBAI : There is a “wide consensus" supported by economic forecasts that real gross domestic product (GDP) growth in the second quarter will turn out to be better than the Reserve Bank of India’s (RBI) projection of 6.5%, an article in the central bank’s November bulletin said on Thursday. The estimates for the second quarter (Q2) of FY24 are set to be released at the end of this month.

Cleveland Federal Reserve President Loretta Mester said Thursday that this week's news showing lower levels of inflation isn't enough to convince her that the central bank has won its battle against higher prices.

World Champion stint with WWE, John Cena is embarking on a new venture—hosting his very own talk show, "What Drives You." This exciting project comes on the heels of his recent return to Friday Night SmackDown in September 2023, marking a significant move in Cena's career post-WWE.

ABC's The Golden Bachelor is proving just that with its heartwarming tale of 72-year-old Gerry Turner, a retired restaurateur and widower, on a quest to find love once again. The reality series, which has captivated audiences with its genuine and endearing storyline, airs on Thursdays at 8 p.m. ET. The show's premiere on September 28th garnered an impressive 4.36 million viewers, marking a nearly 50% increase from The Bachelor's January premiere. The overall success continued, with the series premiere amassing 7.7 million viewers over three days, the highest ratings for the Bachelor franchise in three years and an impressive 11.10 million viewers overall. For those eager to catch the heartwarming journey of Gerry Turner and the 22 women vying for his affection, here's a guide on how and where to stream The Golden Bachelor.

Indian economy, buttressed by North Block’s unwavering focus on productivity-boosting structural reforms, investments and ‘ebullient’ domestic consumption, is expected to expand faster in the third quarter than earlier estimated despite lingering growth concerns beyond home, the central bank said in its latest bulletin Thursday. “Investment demand appears to be resilient with the government’s infrastructure spending, an uptick in private capex, automation, digitalisation, and indigenisation providing a boost,” the Reserve Bank of India (RBI) said. India’s gross domestic product (GDP) expanded 7.8% in the first quarter of FY24, through which the RBI expects the economy to grow 6.5%. An ET poll of economists has pegged the second-quarter growth rate at 6.7%.

By Daniel Trotta

LOS ANGELES (Reuters) — Amazon will begin selling Hyundai vehicles online in the U.S. starting next year, the two companies said on Thursday.

A new report shows that the decline of local news outlets is accelerating despite efforts to help, and more people are aware of the dire problems facing the industry

One of the thorniest problems of the 21st century is how to get people to eat less meat

For generations, beef has been the most quintessential of American main courses, and a premium protein around the world

The Indian manufacturer of more than a number of eyedrops subject to a U.S. safety warning has officially recalled the products

More Americans filed for jobless claims last week, and while the labor market remains broadly healthy, there have been recent signs that it may finally be cooling

The airline Emirates says it will purchase 15 additional Airbus A350-900s worth $6 billion after a spat between it and the European manufacturer went unusually public during this week’s Dubai Air Show

U.S. President Joe Biden and his Chinese counterpart Xi Jinping haven't resolved any of the vital geopolitical issues dividing the world’s two largest economies

Want to buy a car on Amazon

Macy’s third-quarter sales declined as consumers remain cautious on their spending, but the results and its adjusted profit both topped Wall Street’s expectations