Business

Export of mobile phones from India increased by 127 times to reach ₹2 trillion in the last 10 financial years, Parliament was informed on Wednesday. According to data shared by Minister of state for Electronics and IT Jitin Prasada in a written reply to Lok Sabha, the export of mobile phones “increased 127 times” from India from₹ 1,500 crore in...

Tesla’s entry into the Indian market is poised to bring fresh innovation to the electric vehicle (EV) insurance sector, according to industry insiders, who say the US-based firm’s advanced technology and high-quality battery systems are likely to push domestic insurers to rethink and upgrade their offerings. Last week, Tesla launched its Model Y, a fully electric car priced from ₹60...

Taking a dig at Rahul Gandhi, Assam Chief Minister Himanta Biswa Sarma said the Congress MP openly encouraged encroachers and “land jihadis” to take over government lands. “He didn’t realise that people can’t just settle down on forest land. But he [Rahul Gandhi] said encroachers will be rehabilitated  in the same place and provided houses,” Mr Sarma alleged. “People got...

German luxury carmaker Mercedes-Benz posted its best-ever sales numbers in India during the first quarter of 2025-26 (Q1FY26), driven by a stellar showing in electric vehicles (EVs). Santosh Iyer, managing director and chief executive officer (MD & CEO) of Mercedes-Benz India, talks about growing competition ahead of Tesla’s India entry, and rising craze for sports utility vehicles (SUVs) in a...

If you’ve been watching the real estate space for signals on where India’s wealth is heading, here’s a telling one: Delhi-NCR recorded a 209.4%  spike in luxury home sales in the last one year—3,960 homes priced at ₹6 crore and above were sold in just the first half of 2025, up over three times from 1,280 units last year, according...

Billionaire Elon Musk’s electric vehicle (EV) manufacturing company, Tesla Inc., shares dropped nearly 7% on the pre-market session after Musk’s intent to open a political party named the “American Party” spooked US market investors.  Tesla shares dropped nearly 7% to $291.96 at 4:01 a.m. (EDT) on the premarket Nasdaq on Monday, 7 July 2025, ahead of the Wall Street open. Shares...

Shares of Bharat Heavy Electricals Ltd. rose over 3% on Monday after the company was awarded a contract worth Rs 6,500 crore from Adani Power Ltd. for six thermal units of 800 MW. The project involves the supply of a steam turbine generator along with its auxiliaries, and supervision of the erection and commissioning for six thermal units of 800...

Amid concerns over falling foreign direct investments (FDI), the finance ministry on June 27 said FDI inflows of $8.8 billion in April 2025-26 versus $7.2 billion during the same period last year, indicates sustained investor confidence despite global headwinds. For FY25, gross FDI inflows into India stood at $81 billion. Of this, equity inflows accounted for $50 billion, a 13...

Gold Prices In India Today, June 24: Gold and silver prices in India on Tuesday fell sharply following the reports of Iran-Israel ceasefire, halting the days of escalation. In Mumbai, the price of gold stood at Rs 91,550 per 10 grams for 22-carat and Rs 99,870 per 10 grams for 24-carat. Silver was also trading down at Rs 1,00,900 per kg...

oil price collapsed in late US session on Monday, following the latest news on Iranian attack at US military bases in the Middle East (Qatar and Iraq) in retaliation to US massive attack on Iranian nuclear installations, a day earlier. Oil price fell from $74.30 where it was just before the attack, to $68.17, the lowest in one week, with total loss...

Amazon (AMZN.O), opens new tab will invest more than 20 billion rupees ($233 million) in India in 2025 to expand and update its operations infrastructure, develop new technology for its fulfilment network and improve delivery safety, it said on Thursday. The investment builds on top of Amazon’s prior investments for the creation of an operations network to deliver to all serviceable pin-codes...