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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
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Adani Airports Secures $750 Million Global Financing To Boost Growth
Adani Airports Holdings Ltd (AAHL) on Wednesday said it has raised $750 million via External Commercial Borrowings (ECB) from a consortium of international banks.
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Congress' "Quiet" Jibe At Centre Over Trump's Foreign Students Ban At Harvard
Congress MP said approximately three lakh Indian families who invested their hard-earned savings, plus those who went in the earlier years, would face an uncertain future.
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Maruti Suzuki To Invest Rs 925 Crore In Solar Power, Targets 319 MWp By FY'31
MSIL has commissioned a 20MWp solar power project at its new facility in Kharkhoda, Haryana, and added another 10MWp solar capacity to its Manesar facility.
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Flagship India EV Policy Is a ‘Non-Starter’ for Global Firms
India is rolling out a new flagship EV policy in order to attract international automakers. The policy offers to slash duty to 15 percent on any imported electric car priced from $35,000 (roughly Rs. 30 lakh) if the maker invests at least Rs. 4,150 crore, or about $500 million (roughly Rs. 4,150 crore), to set up a local plant within three years.
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Google to Spend $500 Million Revamping Compliance in Shareholder Settlement
Google plans to invest $500 million (roughly Rs. 4,273 crore) over a decade to improve its compliance system, resolving shareholder lawsuits over antitrust claims. Google denied wrongdoing in agreeing to settle.
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Elon Musk's Tesla "Not Interested" In Manufacturing In India: Minister
The remarks came amid the government's push to promote domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs).
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Investment, Port Digitisation Discussed In India-Japan Meet On Maritime Ties
Investment, port digitisation and employment of Indian seafarers by Japan were among the topics discussed by Indian and Japanese ministers.
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PM Modi Invites Global Companies To Invest In India's Fast-Growing Aviation Sector
Prime Minister Narendra Modi on Monday invited global companies to invest in the country's fast-growing aviation sector, citing a streamlined regulatory framework, ease of compliance, and a simplified tax structure.
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New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production
The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.
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GOI Issues EV Manufacturing Policy To Boost Electric Car Production: Full Details
GOI is aiming to cut down the import taxes for foreign automakers under its EV policy, provided they invest in the country's EV production facilities.
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Samsung Galaxy S26 Series to Reportedly Include Perplexity App as Companies Near Major AI Deal
Samsung and Perplexity are reportedly nearing a major artificial intelligence (AI) deal that will see the AI app be preinstalled on Samsung devices. As per the report, the upcoming Galaxy S26 series could be the first smartphones to feature the Perplexity AI app and its recently launched AI assistant out of the box. The multi-faceted deal reportedl...
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'Adani Group Never Backed Down, Emerged More Formidable': Gautam Adani
Adani Group is set to invest $15-20 billion over the next five years across businesses, the company's Chairman Gautam Adani has said, touting the Group's strong balance sheet and robust business growth.
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Russia "Immediate" Danger, China "Sophisticated" Challenge: Key UK Report
UK Prime Minister Keir Starmer's government is set to publish the strategic defence review -- a 10-year plan for military equipment and services -- on Monday.
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Amitabh Bachchan Buys Fourth Property In Ayodhya Worth Rs 40 Crore: Report
This latest purchase comes just days after Amitabh Bachchan invested Rs 10 crore each in a real estate company owned by Bollywood producer Anand Pandit.
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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
-
Adani Airports Secures $750 Million Global Financing To Boost Growth
Adani Airports Holdings Ltd (AAHL) on Wednesday said it has raised $750 million via External Commercial Borrowings (ECB) from a consortium of international banks.
-
Congress' "Quiet" Jibe At Centre Over Trump's Foreign Students Ban At Harvard
Congress MP said approximately three lakh Indian families who invested their hard-earned savings, plus those who went in the earlier years, would face an uncertain future.
-
Maruti Suzuki To Invest Rs 925 Crore In Solar Power, Targets 319 MWp By FY'31
MSIL has commissioned a 20MWp solar power project at its new facility in Kharkhoda, Haryana, and added another 10MWp solar capacity to its Manesar facility.
-
Flagship India EV Policy Is a ‘Non-Starter’ for Global Firms
India is rolling out a new flagship EV policy in order to attract international automakers. The policy offers to slash duty to 15 percent on any imported electric car priced from $35,000 (roughly Rs. 30 lakh) if the maker invests at least Rs. 4,150 crore, or about $500 million (roughly Rs. 4,150 crore), to set up a local plant within three years.
-
Google to Spend $500 Million Revamping Compliance in Shareholder Settlement
Google plans to invest $500 million (roughly Rs. 4,273 crore) over a decade to improve its compliance system, resolving shareholder lawsuits over antitrust claims. Google denied wrongdoing in agreeing to settle.
-
Elon Musk's Tesla "Not Interested" In Manufacturing In India: Minister
The remarks came amid the government's push to promote domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs).
-
Investment, Port Digitisation Discussed In India-Japan Meet On Maritime Ties
Investment, port digitisation and employment of Indian seafarers by Japan were among the topics discussed by Indian and Japanese ministers.
-
PM Modi Invites Global Companies To Invest In India's Fast-Growing Aviation Sector
Prime Minister Narendra Modi on Monday invited global companies to invest in the country's fast-growing aviation sector, citing a streamlined regulatory framework, ease of compliance, and a simplified tax structure.
-
New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production
The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.
-
GOI Issues EV Manufacturing Policy To Boost Electric Car Production: Full Details
GOI is aiming to cut down the import taxes for foreign automakers under its EV policy, provided they invest in the country's EV production facilities.
-
Samsung Galaxy S26 Series to Reportedly Include Perplexity App as Companies Near Major AI Deal
Samsung and Perplexity are reportedly nearing a major artificial intelligence (AI) deal that will see the AI app be preinstalled on Samsung devices. As per the report, the upcoming Galaxy S26 series could be the first smartphones to feature the Perplexity AI app and its recently launched AI assistant out of the box. The multi-faceted deal reportedl...
-
'Adani Group Never Backed Down, Emerged More Formidable': Gautam Adani
Adani Group is set to invest $15-20 billion over the next five years across businesses, the company's Chairman Gautam Adani has said, touting the Group's strong balance sheet and robust business growth.
-
Russia "Immediate" Danger, China "Sophisticated" Challenge: Key UK Report
UK Prime Minister Keir Starmer's government is set to publish the strategic defence review -- a 10-year plan for military equipment and services -- on Monday.
-
Amitabh Bachchan Buys Fourth Property In Ayodhya Worth Rs 40 Crore: Report
This latest purchase comes just days after Amitabh Bachchan invested Rs 10 crore each in a real estate company owned by Bollywood producer Anand Pandit.
