Given the relative rates of gross domestic product growth, the differential will increase.
Bhavish Aggarwal, the founder of ride-hailing firm Ola who disrupted the electric scooters market in the country, is planning to launch an electric sports car in 2024. The plan will put it in competition with Indian players, such as the Tata group and Mahindra & Mahindra, and global giants like Tesla and Hyundai. Aggarwal, recently, took a group of reporters to the firm's design studio at the Ola campus in Bengaluru where his teams are working on several EVs, including scooters, motorcycles, sedans, and SUVs - and even robotaxis.
Producer Sunil Doshi has acquired a catalogue of 11 animation titles from Japan's biggest production house Studio Ghibli, created by Hayao Miyazaki.
With a million-odd electric vehicles (EVs) - two-wheelers, e-rickshaws, buses and passenger cars - expected to hit the road this calendar year, the shift from gasoline-powered vehicles has become irreversible. Now the question is whether the supply chain is ready for this shift. Key components - the high-powered lithium-ion battery and the cells which go with it, the electric motor, and the electronics powered by chips - account for nearly 60 per cent of the cost of an EV.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
The biggest losers in the Sensex pack were M&M, ONGC, Vedanta, Tata Steel, L&T, HDFC, NTPC and Axis Bank, falling up to 3.04 per cent.
Prime Minister Narendra Modi has said that India's economic growth is a 'natural by-product' of his nine-year-old government's political stability, as he expressed optimism that it will be a developed nation by 2047 with 'corruption, casteism and communalism' having no place in our national life.
The 30-share barometer remained up throughout and hit a high of 29,070.20, powered by a rally in RIL and other blue-chips. The index ended 215.74 points up, or 0.75 per cent, at 29,048.19 -- its highest closing since March 5, 2015, when it had closed at 29,448.95.
The Anchor and Panasonic connection is a blend of legacy and quality and there really is no question of substituting one for the other. Panasonic is banking on Anchor's familiarity and widespread recall, to push its way ahead in the premium, automation-aided home appliances and accessories market.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
Japanese comedy duo who said she was 'too sunburned' and 'needed some bleach'
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
Investors booked profits at higher levels with oil shares leading the decline
December is a month of high retail sales for cars, as companies and dealers push stocks to clear inventories
The local arm of the Japanese two-wheeler manufacturer accounts for every second scooter sold in India.
'If they are taking marquee locations and, say, are paying 50 per cent higher rent, those locations will see a spurt in rates as well.'
Shuai Jiao Baba (Let's Wrestle, Dad) in China seems to have made twice its combined earnings in India and the rest of the world.
'Eddie Murphy was approached for Sanjay Dutt's role, Omar Sharif for Jackie's Shroff's. The title of Khalnayak was Be Negative then. I had started working on the screenplay with Hollywood writers. And then after three-four months...
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
Total holdings of the top eight gold ETFs have risen by 3.8 million ounces so far this year
Higher growth, reform bets have boosted returns but leave limited room for error.
Investors will remain cautious ahead of F&O expiry.
Markets shrugged off RBI's neutral stance on key policy rates.
SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
Is self-reliance the right approach in a mega-buck game, or better to be part of a network? asks T N Ninan.
Besides their country of origin, General Motors, Ford Motor and Harley-Davidson have another trait in common: all three have failed in India, the world's fifth largest automobile market. All three of them took a tough call to de-prioritise India as a market amid disruption from heightened regulations and sharper focus on capital allocation by the parent.
In forward market, premium for dollar declined in view of mild receivings from exporters.
The broader markets ended negatively with mid-caps and small-caps shedding 0.5 per cent on the BSE.
Addressing a parliamentary committee, medical adviser Shigeru Omi said organisers should explain to the public why they are going ahead in the middle of a pandemic.
'Criticism is one thing, and cynicism is quite another.' 'However, we are undaunted by this negativity because we know the truth.'
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
If there was one event that made the month of August stand out, it was a strengthening of the dollar index to levels last seen only 20 years ago, as the Federal Reserve dispelled all doubts about its intention to continue raising interest rates. Predictably, most currencies suffered against the US unit, with the bulk of the losers belonging to the emerging markets pack. Amid the volatility, the rupee, however, has displayed significant resilience and fared much better than most of its peer currencies.
The once-delayed Games are due to start on July 23
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
Organisers warn participants against eating out over COVID-19 risks.
The S&P BSE Sensex ended the session at 25,342, up 3 points while the Nifty50 closed at 7,738 points.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms
For the second straight week, the Sensex rose, notching up a significant gain of 528.34 points, or 1.59 per cent. The Nifty was up 129.45 points, or 1.25 per cent, during the week.
