Policy guidelines on the Centre’s “Scheme to Promote Manufacturing of Electric Passenger Cars in India” (SPMEPCI), which include provisions for reduced customs duties on imported cars if there is a concomitant investment commitment in India, are expected to come by September, according to officials. According to government officials working on the scheme, the portal for...
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge to resolve a U.S. Justice Department investigation linked to two 737 MAX fatal crashes, a government official said on July 7. The plea, which requires a federal judge’s approval, would brand the planemaker a convicted felon. Boeing will also pay a criminal fine...
Elon Musk has seen the biggest fall in his net worth in the first six months of 2024 as compared to any other billionaire in the world. According to Forbes’ estimates, Tesla CEO Elon Musk’s net worth declined from $251.3 billion on December 31, 2023, to $221.4 billion on June 28, 2024. This is more...
Bajaj Auto has introduced the Freedom 125, marking the debut of the world’s first motorcycle to run on Compressed Natural Gas (CNG). This 125 cc commuter bike operates on both petrol and CNG, aiming to significantly lower operational costs for riders in its category. Priced between ₹95,000 and ₹1.10 lakh (ex-showroom), bookings for the Freedom 125 have...
The Lebanese Hezbollah group said it launched over 200 rockets on July 4 at several military bases in Israel in retaliation for a strike that killed one of its senior commanders. The attack by the Iran-backed militant group was one of the largest in the monthslong conflict along the Lebanon-Israel border, with tensions escalating in...
The key equity indices traded in a narrow range with minor gains in early afternoon trade. The Nifty traded near the 24,350 mark. Realty shares extended gains for the third day in a row. Trading was volatile due to weekly F&O series expiry today. At 12:30 IST, the barometer index, the S&P BSE Sensex was...
The Pragyan rover from India’s Chandrayaan-3 moon mission has made significant discoveries on the lunar surface near its landing site. As reported by NDTV, the Vikram lander deployed the rover, which observed small rock fragments scattered around the rim, wall slopes, and floor of small craters in the southern high-latitude landing area. Over the course...
Make room for more emotions and box office records as Disney and Pixar’s ‘Inside Out 2’ has officially entered the record books as the first film of 2024 to reach the $1 billion mark at the global box office. In just 19 days since its release, the animated sequel has grossed $469.3 million in North...
India’s power consumption rose by nearly 9% to 152.38 billion units (BU) in June compared to the year-ago period mainly due to scorching heat which forced excessive use of cooling appliances like air conditioners and desert coolers. The highest supply in a day (peak power demand met) also rose to 245.41 GW in June 2024 against 223.29...
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, continued to scale new highs in trade on Wednesday. While BSE Sensex crossed 78,500, Nifty50 was above 23,800. At 12:27 PM, BSE Sensex was trading at 78,569.21, up 516 points or 0.66%. Nifty50 was at 23,856.05, up 135 points or 0.57%. The stock...