Underlining its electric ambition, Volkswagen has drafted in power industry veteran Elke Temme, who spent nearly two decades at German energy companies RWE and Innogy, to help the carmaker get in better shape to take on Tesla.
Oil falls as US gasoline stock draw raises prospect of SPR release
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US West Texas Intermediate (WTI) crude futures fell 76 cents, or 0.9 percent, to $80.00 a barrel at 0211 GMT, extending a 12 cent loss from November 16.
SpiceJet enters settlement agreement with Boeing over claims related to grounded 737 MAX aircraft
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In a filing with the BSE, SpiceJet said Boeing has agreed to provide certain accommodations and settle outstanding claims related to the grounding of 737 MAX aircraft and its return to service
Biocon Biologics, Viatris launch biosimilar insulin glargine in US
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Biocon Biologics and Viatris Inc have launched Semglee (insulin glargine-yfgn) injection, a branded product, and Insulin Glargine (insulin glargine-yfgn) injection, an unbranded product, to help control high blood sugar in adult and pediatric patients with ty
Tesla#39;s Elon Musk sells $930 million in shares to cover stock option tax
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This is the second time in a week that the billionaire has exercised his stock option. Last Monday, he sold another 934,000 shares for $1.1 billion after exercising options to acquire nearly 2.2 million shares.
Pfizer agrees to let other companies make its COVID-19 pill
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In a statement issued Tuesday, Pfizer said it would grant a license for the antiviral pill to the Geneva-based Medicines Patent Pool, which would let generic drug companies produce the pill for use in 95 countries, making up about 53 percent of the worldâ
Clamping lockdown in Delhi to curb air pollution will trouble lakhs of people: Traders#39; body
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The Delhi government has informed the Supreme Court that it is ready to take steps like complete lockdown to control air pollution but such a step would be meaningful if it is implemented across the NCR areas in neighbouring states.
India set to seal $3 billion Predator drone deal with US by current fiscal
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The proposal to acquire the MQ-9B long-endurance drones, armed with air-to-ground missiles, is likely to be cleared by the Defence Acquisition Council (DAC) in the next few weeks following which it will be placed before the PM-led Cabinet Committee on Securit
PE, VC investments touch all-time high of $12.9 billion in October: Report
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The investments were 71 per cent higher as compared with October 2020âs $7.5 billion and 2.5 times the $5.2 billion value recorded in September this year, the report by consultancy firm EY and industry lobby IVCA said.
PVR expects #39;biggest#39; March quarter in 2022 on easing COVID curbs
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The company is also bullish on audiences coming back to theatres with occupancy levels at theatres gradually inching towards pre-pandemic levels across the country.
India received record FDI in last 7 years; hope to see the trend continue: Piyush Goyal
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Piyush Goyal also said that India is focusing on integrating its quality standards with the world and the country needs to let go of the mindset of a particular product being for the domestic market and others for the export market.
Piaggio India launches updated version of Aprilia SR scooter range
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The all-new Aprilia SR 160 will be available at Rs 1.17 lakh, while the Aprilia SR 125 at Rs 1.07 lakh, Piaggio India, which is the wholly-owned subsidiary of Italian auto major Piaggio Group, announced at the launch event.
Pfizer, BioNTech, Moderna making $1,000 profit every second: analysis
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The companies have sold the vast majority of their doses to rich countries, leaving low-income nations in the lurch, said the People#39;s Vaccine Alliance (PVA), a coalition campaigning for wider access to COVID vaccines, which based its calculations on the f
JPMorgan sues Tesla for $162 million over warrants, Elon Musk tweets
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According to the complaint filed in Manhattan federal court, Tesla in 2014 sold warrants to JPMorgan that would pay off if their «strike price» were below Tesla#39;s share price upon the warrants#39; expiration in June and July 2021.
Competition Commission of India to meet Amazon, Future Coupons on January 4
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Amazon is contesting the deal through its shares in Future Coupons Pvt Ltd (FCPL) and had approached Singapore International Arbitration Centre (SIAC).
Muthoot remains an all-weather stock ideally placed to ride the gold financing theme, and should deliver a steady return. For the risk-takers, given the tailwind of economic revival and the valuation discount to Muthoot, Manappuram could offer a stronger upsi
Coforge files for US IPO via ADR route; Barings PE Asia to sell part stake
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The move comes after recent management commentary that Coforgeâs investments in segments such as product engineering, cloud, data, automation, and integration capabilities would help it become a $1 billion-plus firm next year.
Apollo Tyres to hike prices by 3-5% to offset rising cost
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Up until September, the company had taken an average increase of around 9 per cent in tyre prices, Apollo Tyres Vice Chairman and Managing Director Neeraj Kanwar told analysts.
The new facility will be focused on Business Process Operations across several domains such as finance and accounts, procurement and supply chain, human resources and recruiting, and industry specific processes including risk and compliance, IBM said in a rel
Implementation of T 1 settlement cycle to go long way in protecting investor interest: SEBI chief Ajay Tyagi
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Speaking at the inauguration of SEBIâs pavilion at India International Trade Fair on Sunday, Tyagi said, "The decision to implement T 1(trade plus one) settlement in a phased manner beginning February 2022 will go a long way in protecting investorsâ
As autos go electric, Toyota chases hydrogen dream
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The colourful Toyota Corolla Sport that Akio Toyoda steered around the Okayama International Circuit in western Japan was powered by a converted GR Yaris engine running on hydrogen. Making such a powerplant commercially viable could keep internal combustion e
CAIT demands action against Amazon for alleged sale of marijuana on e-commerce platform
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The Madhya Pradesh police, on November 14, said that it had busted an interstate drug peddling gang that was using Amazonâs website for moving more than 1,000 kg of marijuana from Visakhapatnam in Andhra Pradesh
American Airlines starts New York-Delhi flight from November 12
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The New York-Delhi service will be operated through Boeing 777-300 aircraft that has 8 first-class seats, 52 business-class seats, 28 premium economy seats and 216 economy-class seats, the airlineâs statement noted.
More passengers, but years to recover, says Dubai airport CEO
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More than 86 million people squeezed through the airport before the coronavirus hit in 2019. So far this year, itâs welcomed just 20.7 million, up until October. But CEO Paul Griffiths said the figure still represents a sharp turn in fortunes for the cru
Wingreens raises Rs 124 crore from Investcorp, Omidyar
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Wingreens is a 2011-established company focused on women empowerment addressing a market opportunity in the healthy products segment which was pegged at $1 billion in five years by a company statement.
Wingreens Farms raises Rs 124 crore from Investcorp, Omidyar
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Wingreens is a 2011-established company focused on women empowerment addressing a market opportunity in the healthy products segment which was pegged at $1 billion in five years by a company statement.
Ashok Leyland in talks with investors to raise funds for EV subsidiary Switch Mobility
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The Chennai-based trucks and bus manufacturer has hived off its electric vehicle division to better tap growth opportunities through onboarding of partners
