CHENNAI: Electric vehicle penetration in three wheeler retails hit 60.2% in June 2025, up from 55.5% in the year-ago month. According to the latest auto retail data from the Federation of Indian Automobile Manufacturers, EV penetration in two wheeler retails hit 7.3% in June, up from just under 6% in the year ago period. EV…
BENGALURU: India’s French connection is growing stronger. French IT services firm Capgemini, which has more than half of its 3.4 lakh employees in India, is acquiring one of the country’s business process management (BPM) pioneers, WNS, for $3.3 billion. The move is seen as an attempt to bring strong technology expertise, especially AI, into BPM…
MUMBAI: Sebi chief Tuhin Kanta Pandey on Monday assured investors there were not many other risks in the market like the one seen recently in the event of market manipulation by US-based quant fund Jane Street. The Sebi chief also said that the Jane Street issue was more of a surveillance issue and that the…
MUMBAI: Tata Group has formed a committee comprising CEOs from its major operating companies to enhance safety measures across its businesses. Tata Sons chairman N Chandrasekaran stressed that safety has become a “top priority” for the airline-to-steel conglomerate, while recognising the need to strengthen safety protocols further as the $165-billion group expands into new areas….
Donald Trump tariffs (AI image) US President Donald Trump on Monday released letters sent by his administration to various trading partners informing them of the reciprocal tariff rates that will be effective from August 1, 2025. The first two letters posted by Trump on social media platform Truth Social revealed that US will be imposing…
India’s drone industry could help unlock up to $23 billion in manufacturing potential by 2030, driven by fast-growing demand from sectors such as defence, agriculture, logistics and infrastructure, according to a new report released by Nexgen Exhibitions.The report, based on a survey of 150 drone companies across 15 Indian cities, highlights a sharp rise in…
M Nagaraju, secretary of department of financial services NEW DELHI: Fintech companies should go beyond urban markets and play a role in driving financial inclusion across the country by developing offline payment systems, voice-authorised tools, improving connectivity as well as cross-border payment capabilities, enhancing cybersecurity and integrating AI and better app safety for user convenience,…
The Trump administration is not expected to immediately impose a 10% tariff on Brics nations, despite earlier threats from President Donald Trump warning of trade penalties for countries embracing “anti-American policies”. According to a source familiar with the matter, cited by Reuters, the administration will reserve the option to activate the additional tariff only if…
Cryogenic OGS pulled off a blockbuster IPO debut, with the Rs 17.77 crore issue subscribed an eye-popping 646.47 times by the close of bidding on Monday, July 7.Retail investors drove the frenzy, bidding for a staggering 773.80 times their quota. High-net-worth individuals followed with 674.34 times subscription, while qualified institutional buyers (QIBs) took up 209.59…
China’s export restrictions on rare earths have disrupted the global auto supply chain, forced production halts by carmakers, and pushed US President Donald Trump back to the negotiating table—but at home, the curbs have dealt a fresh blow to struggling Chinese magnet makers.Beijing imposed the restrictions in April in retaliation for US tariffs, severely impacting…
