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Economy
Toyota to build battery factory for EVs in US
San Francisco: Toyota Motor Corp has announced that it is building a new $1.29 billion battery factory in North Carolina in an effort to bring some of its electric vehicle supply chain to the US.
Toyota announced that it will invest…
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Indian stainless steel sector drowning in Chinese imports
New Delhi: The first half of 2021-22 has seen a 185 per cent increase in stainless steel imports compared to the average monthly imports in the last fiscal, creating havoc for the Indian players.
The import tide of stainless steel from…
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Delete Joe Biden’s $1 tn infrastructure bill: Elon Musk
San Francisco: Taking on US President Joe Biden, Tesla CEO Elon Musk has said that America does not need his administration's ambitious $1 trillion infrastructure bill, or any of the government subsidies.
Speaking at the Wall Street…
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IMF chief urges global cooperation to control pandemic, support economic recovery
Washington: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has urged for global cooperation to control the raging Covid-19 pandemic and support the economic recovery as the new Omicron variant has spread…
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Vodafone Idea’s shares jump sharply post prepaid tariff hike
New Delhi: Telecom service provider Vodafone Ideas share prices have jumped nearly 50 per cent in the past one month.
The company's share price has risen from Rs 9.6 per share in early November to Rs 14.6 at Monday's close.
Notably,…
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Penny stocks Pan India Corp, Sharp Investments gained multifold in 2021
New Delhi: Some domestic penny stocks have outperformed several large-cap and mid-cap companies' stocks in 2021.
Penny stocks are those whose share price is very low -- typically in single digit numbers -- and have high volatility…
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Tata Motors to hike CV prices by 2.5% from Jan 1
Chennai: Commercial vehicle major Tata Motors Ltd on Monday said the prices of its trucks and buses will increase by about 2.5 per cent from January 1, 2022 onwards.
The price hike will be across the commercial vehicle segments - medium…
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B’desh earns nearly $20bn in exports in 5 months of current fiscal yr
Dhaka: Bangladesh's export earnings in the first five months of the current 2021-22 fiscal year (July 2021-June 2022) grew 24.29 per cent year-on-year to nearly $20 billion, according to the latest official data.
The Export Promotion…
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MoUs with Amazon by states ‘unfortunate’: Confederation of All India Traders
New Delhi: The Confederation of All India Traders (CAIT) on Sunday said it is "most unfortunate and regrettable" that several Indian states have entered into memorandum of understandings (MOUs) or agreements with e-commerce giant Amazon…
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Tomato prices soar, touch Rs 100/kg in Chennai
Chennai: The price of tomato on Sunday touched Rs 100 per kilogram in the Koyambedu wholesale vegetable market in Chennai.
The price, which was Rs 90 per kilogram on Saturday, reached Rs 100 on Sunday.
After the incessant rains that…
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