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India’s push for flex-fuel vehicles can help meet twin national goals of cutting crude oil imports and reducing carbon emissions, but will require a full supporting ecosystem from fuel availability to wider model launches, Maruti Suzuki India MD and CEO Hisashi Takeuchi said on Thursday.Speaking at the launch of the company’s first flex-fuel car, Wagon…
India’s largest airline IndiGo on Thursday announced the temporary suspension of flights to six international destinations, including Hong Kong, Shanghai and Thailand’s Krabi, as it moves to optimise its network amid softer travel demand and rising operating costs.The budget carrier said services to Langkawi, Krabi, Ho Chi Minh City, Hong Kong and Shanghai will be…
Hyperliquid’s HYPE token, one of crypto’s best-performing assets this year, tumbled following its record run as longtime bull Arthur Hayes revealed he had sold his entire position just days after predicting much higher prices. “I just dumped my entire HYPE and NEAR position,” Hayes, co-founder of BitMEX and chief investment officer at family office Maelstrom,…
Industrialist Kumar Mangalam Birla on Thursday praised the Rashtriya Swayamsevak Sangh, saying the century-old organisation has consistently stood by society and the nation through its work over the years.Birla made the remarks while addressing the concluding function of an RSS volunteers’ training camp in Nagpur, where RSS chief Mohan Bhagwat delivered the keynote address.“Amid challenges,…
Foreign companies are increasingly using India’s booming initial public offering (IPO) market to cash out investments and send billions of dollars back to their home countries rather than raise fresh capital for expansion, according to a Reuters analysis.As per the report, only one of the six foreign-based companies that listed their Indian subsidiaries in Mumbai…
In the run-up to the West Bengal election, a video of Mamata Banerjee chastising Ritabrata Banerjee had gone viral, drawing widespread amusement. At a SIR protest meeting, Ritabrata had gone into an oratorical flourish before Mamata, in her own inimitable manner, cut him off publicly and asked him to focus on the burning issue of…
The US stock market began trading on a mixed note on Thursday, as a pullback in several artificial-intelligence-linked stocks offset broader gains across the market, while easing oil prices provided support to investor sentiment.The S&P 500 gained 0.02% to 7,555.08 after retreating from its record high a day earlier, while the Nasdaq Composite fell 0.58%…
In the 1990s, exchange-traded funds (ETFs) were a novel idea. Many saw them simply as a new wrapper for traditional assets – a convenient repackaging of mutual funds. In reality, ETFs triggered a market structure revolution. By introducing creation/redemption mechanisms and arbitrage-driven liquidity, ETFs fundamentally changed how markets functioned and how investors accessed assets. ETFs…
India is set to hit the accelerator on its ethanol drive, laying the groundwork for a wider ethanol fuel network as it looks to cut down dependence on imported fossil fuels. Under the plan, ethanol dispensing stations will begin appearing in several cities, with the network set for a sharp expansion over the next two…
