NEW DELHI: Domestic passenger vehicle (PV) dispatches from companies to dealers rose 13% year-on-year to 4,49,616 units in Jan, with demand remaining robust, owing to GST rate rationalisation and subsequent dip in prices, industry body Society of Indian Automobile Manufacturers (Siam) said on Friday.The sales growth last month was aided by utility vehicles. The segment…
MUMBAI: Reserve Bank of India has set a minimum net worth of Rs 500 crore for a company to be eligible for acquisition financing with even unlisted companies qualifying for such funding. Through its Amendment Directions, 2026, effective April 1, the central bank expands the credit activities commercial banks may undertake, with acquisition finance at…
MUMBAI: With arch-rivals India and Pakistan set to face off in the T20 World Cup in Colombo on Sunday, ad rates for the match have soared. Companies are rushing to book slots to place their brands and cash-in on the huge viewership the game is likely to attract. Ad rates for a 10-second TV slot…
JAMMU: In the J&K assembly, BJP members miss no opportunity to corner the Omar Abdullah govt over a host of issues. Outside the House, however, some of the party MLAs generously praised the chief minister on Friday over his budgetary allocation for the annual Amarnath Yatra.“Our CM’s move to allocate Rs 180 crore for Amarnath…
BENGALURU: Ola Electric Mobility reported revenue of Rs 504 crore for the Dec quarter, down 57% year-on-year from Rs 1,172 crore and 33% from Rs 756 crore in the Sept quarter. The company reported a loss of Rs 487 crore, narrower than the Rs 564 crore loss a year earlier but wider than the Rs…
NEW DELHI: Supporting e-commerce, particularly electronics-oriented exports, can contribute to export diversification, job creation, and overall economic growth, govt think tank Niti Aayog has said and called for coordinated policy and regulatory reforms to advance cross-border e-commerce.The report released on Friday said that with growing global demand for Indian products, wider adoption of digital platforms,…
The current impasse over stablecoin yields in the U.S. Senate’s crypto market structure bill is now in writing, and the crypto side is holding the line on needing some forms of rewards for stablecoin users. A White House meeting between Wall Street bankers and crypto executives hit a wall this week, despite officials in President…
BENGALURU: Bengaluru-based space start-up GalaxEye has signed a channel partnership agreement with Space PSU NewSpace India Limited (Nsil), marking the first time the State-owned company has partnered with a domestic private player to distribute satellite data.Under the agreement, Nsil will resell high-resolution OptoSAR data generated by GalaxEye’s own satellites. GalaxEye’s upcoming spacecraft will be folded…
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