Tesla might be looking for a local partner to set up its operations in India, a report claimed. The Hindu Business Line reported citing people in the know that Tesla is in talks with Reliance Industries for a possible joint venture to build the manufacturing facility in India.
10 Apr 2024The Delhi High Court has dismissed Arvind Kejriwal's plea challenging the ED's arrest in the liquor policy case. Holding the arrest by ED as VALID, the court said that material collected by the ED reveals that Kejriwal conspired and was personally involved in the formulation of the excise policy and the party used the proceeds of the crime. Here's exactly what reasoning the court gave for rejecting bail.
10 Apr 2024The conflict between Elon Musk and Brazilian authorities started after Brazil's Supreme Court judge Justice Alexandre de Moraes included the X, formerly known as Twitter owner as a party in an ongoing investigation over the dissemination of fake news, and opened a separate investigation involving the Tesla top executive for alleged obstruction of justice. Musk has now claimed that X employees in Brazil are being threatened with arrest.
9 Apr 2024As the Bank of Thailand prepares to review monetary policy settings Wednesday, investors will be watching for any sign that the prime minister’s relentless campaign for rate cuts is influencing the central bank.
2 min read9 Apr 2024The head of JPMorgan Chase questioned the “soft landing” talk but said his bank is ready no matter what.
2 min read8 Apr 2024Since inflation is seen to be under control, Reserve Bank of India (RBI) is likely to reduce its interest rate in the monetary policy committee meeting scheduled in the next quarter. Following that, interest rates on fixed deposits would see a decline too.
2 min read5 Apr 2024RBI MPC Meeting 2024 Highlights: The RBI decided to keep the key policy repo rate unchanged at 6.5% in its April monetary policy along with maintaining the stance at ‘withdrawal of accommodation’. India’s real GDP growth for FY25 is projected at 7%. CPI inflation for FY25 is estimated at 4.5%.
21 min read5 Apr 2024RBI Policy: The RBI MPC maintained a status quo in policy rates on expected lines but the stock market benchmarks the Sensex and the Nifty 50 traded lacklustre after the policy outcome.
4 min read5 Apr 2024Economists believe that the RBI now seems to remain more confident of growth conditions than that with inflation trajectory. However, they expect a shallow rate cut cycle to begin only in the second half of FY25.
3 min read5 Apr 2024Shares to buy after RBI monetary policy meeting: Experts have recommended five stocks to buy after RBI MPC meeting — SBI, HDFC Bank, IRFC, Poonawalla Fincorp, and Bajaj Finance
3 min read6 Apr 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared