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Driving Change: Tesla to rollout budget model for Asian markets The seven collaborating companies include General Motors, Stellantis, Hyundai Motor and its Kia affiliate, Honda, BMW and Mercedes. These companies represent almost 50 percent of the vehicle sales in the US market - a possibility that could lead to antitrust concerns.

Upasna Bhardwaj, Senior Economist, Kotak Mahindra Bank. While disinvestment revenues remain a risk, higher subsidy payments, if any, will be cushioned, Bhardwaj told ET Online’s Gourab Das. Edited excerpts:Going by Kotak’s recent report, you see limited risks of fiscal slippage for this financial year in India. Is that solely because of the higher than expected surplus transfer from the Reserve Bank of India?Upasna Bhardwaj: You are right.

Known in Sri Lanka as «Black July», the brutal violence triggered a 26-year conflict that killed about 100,000 people and set development back by decades, ending only after the Tamil rebels fighting for autonomy were massacred in 2009. The 1983 anti-Tamil mob attacks escalated on July 29, when Mohan Panneer Selvam was just eight years old. A rampaging gang torched his home in the tea-growing central town of Hawa Eliya, burning 13 people inside, including his parents, relatives and their staff. «My grandmother started to escape, they shot her and threw her body into the house,» Panneer Selvam said, breaking down while recalling the events narrated to him by his older sister.

Shares of cigarette maker Godfrey Phillips zoomed 15.4% to Rs 1,990 in Thursday's trade after the company reported an increase of 68.6% year-on-year (YoY) in its consolidated net profit to Rs 220.97 crore for the first quarter ended June 2023. It had posted a net profit of Rs 131.05 crore during the same quarter of the previous fiscal. Its revenue from operations was up 26.84% to Rs 1,245.39 crore during the quarter under review as against Rs 981.83 crore in the corresponding period of the previous fiscal.

Axis Bank share price gained over a percent on Thursday after the private sector lender reported stable performance in the fiscal first quarter ended June 2023. Axis Bank shares rose as much as to ₹apiece on the BSE. The private lender reported a 41% year-on-year (y-o-y) increase in net profit for Q1FY24, driven by higher net interest income and fee income.

IDFC First Bank, incorporated in the year 2014, is a banking company (having a market cap of Rs 56604.69 Crore). IDFC First Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.Financials For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 7822.23 Crore, up 10.73 % from last quarter Total Income of Rs 7064.33 Crore and up 45.26 % from last year same quarter Total Income of Rs 5384.83 Crore.

studies indicate that sebum content is higher in men owing to the physiological and biophysical differences in the skin of male and female skin. Excessive sebum production in the scalp could not only cause greasier hair but also indicate higher chances of facing scalp concerns like dandruff and itchiness. In fact, concerns like dandruff, itchiness, hair thinning, and sensitivity are some of the most universal problems faced by approximately 67% of people worldwide . This explains why not just men but everyone else too needs to have a dedicated scalp-care routine for a healthier scalp and hair.Scalp care, an important ritual of self-care The good news is people have now finally started realising how important scalp care is. As per a recent report , the focus of conversations during and post the pandemic has expanded beyond topics like colour and styling to now encompass the overall well-being of hair and, mainly, scalp health. Recognising the transformative effects of a healthy scalp on our overall well-being, L’Oréal Professionnel has launched its Scalp Advanced range. Developed with the expertise of hair pros and dermatologists, this innovative range offers targeted solutions for dryness, sensitivity, hair thinning, and oiliness. The scalp care range is gender-neutral and can very well be used by men to take care of their scalp health on a day-to-day basis.Here are some of the most popular solutions from the Scalp Advanced range to address your scalp concerns right in the comfort of your home:

By Davide Barbuscia and David Randall

Cipla share price rallied more than 8% in the early trade on Thursday after the pharma company reported robust earnings for the first quarter of FY24. Cipla shares jumped as much as 8.82% to ₹1,163.00 on the BSE. Drug major Cipla posted a 45.1% rise in its consolidated net profit in Q1FY24 at ₹995.7 crore as compared to ₹696.4 crore in the corresponding quarter of the last year.

bailout package to cash-strapped Pakistan for its economic stability. In addition, Saudi Arabia, UAE, and China also extended a lifeline of USD 2 billion, USD 1 billion, and USD 700 million respectively to the South Asian country. Despite financial help from other countries and the IMF deal, Pakistan is still under the woods and tweaking its tough financial policies on demands led by the Washington-based financial body, making it difficult for common people to survive in the crisis-hit country.

₹7,596.95 against the previous close of ₹7,431.05 and rose over 2 per cent to ₹7596.95. Shares of Bajaj Finance have risen almost 19 per cent in the last one year against a 21 per cent gain in the equity benchmark Sensex.

₹1,100.05 against the previous close of ₹1144.05 and fell 5.4 per cent to hit an intraday low of ₹1,082.55. Shares of Tech Mahindra have underperformed the benchmark Sensex in the last one year. Tech Mahindra shares are up 16 per cent in the last one year against a 21 per cent gain in the equity benchmark Sensex.

US Federal Reserve raised interest rates, which analysts believe to be the last rate hike by the central bank. The local unit opened at 81.93 as compared to the previous close of 82.00. The US Fed hiked interest rates by 25 bps to a target range of 5.25-5.5%, on the expected lines, bringing US benchmark funds rate to the highest level since 2001 to tackle sticky, high inflation.

WASHINGTON — Below is the statement the Fed released Wednesday after its policy meeting ended:

Tens of thousands of doctors in Britain’s state-funded health service will go on strike for a further four days in August as their pay dispute with the government shows few if any signs of resolution

U.S. Facebook users have one more month to apply for their share of a $725 million privacy settlement that parent company Meta agreed to pay late last year

The Federal Reserve’s decision Wednesday to raise interest rates for the 11th time could once again send ripple effects across the economy

Tata Communications, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 47525.18 Crore) operating in Telecommunications sector. Tata Communications key Products/Revenue Segments include Telecommunication Services for the year ending 31-Mar-2023.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 4959.99 Crore, up 7.12 % from last quarter Total Income of Rs 4630.45 Crore and up 9.14 % from last year same quarter Total Income of Rs 4544.51 Crore.

«I think it is going to be fine for the markets because the backdrop is a robust US consumer and a corporate sector in the United States that is generating good profits,» says Adrian Mowat, EM-Equity Strategist.What is the weather looking like for US equities given that it is a 25 bps hike that is something which was anticipated? But another hike in the offing, how do you think the markets are going to perceive that?I think it is going to be fine for the markets because the backdrop is a robust US consumer and a corporate sector in the United States that is generating good profits. We had very good numbers out of Meta, the owner of Facebook, this week. So we have got a story here where the top line is a bit better than people were expecting and the corporate sector in the US has been very good at maintaining margins.

Pankaj Murarka, Founder, Renaissance Investment, says “the rise in stock prices across smallcap indices has been pretty sharp over the last few months and it is not a bad idea to reallocate some money from smallcaps to largecaps so as to reduce the risk of the portfolio because all of us know that when markets rise, smallcaps rise much more or much higher than largecaps. But when markets correct, smallcaps also fall much more sharply than largecaps.”How do you see the outperformance of the broader markets? Do you believe that the bull run of 2020 or 2021 post Covid is back once again with the same feel and how do you spot the broader market space?Also, is this the right time to book profits or should one stay invested?There are multiple questions in your one question. So let me address them one by one.

HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 25 basis points to 5.75%, the highest in 16 years, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.