NEW DELHI: Skoda Auto and JSW Green Mobility have signed a non-binding agreement to explore a joint venture that could develop, manufacture and sell passenger vehicles in India and overseas, the companies announced on Wednesday. The proposed partnership will span internal combustion engine vehicles, electric vehicles, plug-in hybrids and hybrids, signalling that the discussions extend … Read more
Apple’s first foldable phone NEW DELHI: Apple on Wednesday entered the foldable smartphone market with iPhone Duo, priced at Rs 2,99,900, taking on Samsung, Google and Chinese brands in a category it had stayed away from even as rivals spent years refining the form factor.The book-style device has a 5.5-inch outer screen and unfolds into … Read more
Merchandise exports rose 17.04% to $173.78 billion during April-July, while imports climbed 19.27% to $292.38 billion. India’s merchandise exports have grown by more than 15 per cent in the first five months of the current fiscal despite a challenging global trade environment, Commerce and Industry Minister Piyush Goyal said on Wednesday.The union minister said the … Read more
The Philippine Coast Guard said 42 people had been rescued from the vessel. A fire broke out aboard a passenger ferry near the popular tourist destination of Coron in the Philippines’ Palawan province on Wednesday evening, killing at least five people, according to the Philippine Coast Guard (PCG) and local media.The vessel, M/V June Aster, … Read more
India’s ethanol production capacity has surpassed the requirements for blending, prompting the government to explore additional uses for the surplus. The government is looking to move beyond the 20 per cent ethanol-blending target as flex-fuel vehicles are expected to enter the market, advisor to the Prime Minister Tarun Kapoor said on Wednesday.Speaking at The India … Read more
Higher crude prices could raise costs across fuel, transport and other energy-intensive sectors, adding to domestic inflation pressures. State-owned fuel retailers are losing around Rs 5 per litre on petrol and Rs 23 per litre on diesel as renewed tensions in West Asia pushed international crude oil prices above $100 a barrel, analysts said on … Read more
The scheme provides a one-time opportunity to address specified foreign income and foreign asset reporting gaps. Foreign assets may possibly be overlooked years later—whether it is a bank account opened while studying abroad, stocks received by domestic employees under Company’s Employee Stock Option plans (ESOPs) or Restricted Stock Units (RSUs), savings accumulated during an international … Read more
“When you ride the bullet train from Vadodara, you will reach Mumbai in just an hour and a half,” the minister said. (Image for representative purpose only) India’s first indigenous bullet train is likely to start being tested by May or June next year, Railway Minister Ashwini Vaishnaw has said. He added that the testing … Read more
Oil rises past $100 a barrel Oil is back in triple-digit territory. Brent crude crossed $100 a barrel on Wednesday after fresh attacks on oil facilities and tankers in the Middle East reignited concerns over an already weakened global supply chain.Brent crude rose 2.57% to $100.40 a barrel, while US West Texas Intermediate (WTI) climbed … Read more
India-US trade deal ‘more or less’ finalised (representative image) The India-US trade deal has been “more or less” finalised, with the two countries now working on a framework for preferential market access before signing the agreement at an appropriate time, commerce secretary Rajesh Agrawal said on Wednesday.Speaking to the media on the sidelines of the … Read more