JSW MG’s Windsor SUV pips Tata, Mahindra EVs
NEW DELHI: Is battery rental model, which allows customers easier affordability by paying only for a car, with battery costs being paid as monthly EMIs, working for electric cars? JSW MG’s Windsor, the first electric car to come with ‘battery as a service’ (BAAS) model, was the largest selling green
Ola Electric to lay off 500 staff in restructuring drive
MUMBAI: Less than four months after Ola Electric got listed on the bourses, it is laying off 500 employees as part of a restructuring exercise, sources told TOI. Employees across departments will be impacted by the move, which is being undertaken as part of the firm’s broader attempt to check
Report: 93% Indian executives see rise in cyber budget next year
NEW DELHI: As much as 93% of Indian executives surveyed anticipate a rise in their cybersecurity budget next year, with 17% planning to raise their budgets by 15% or more, according to PwC India Digital Trust Insights 2025. Further, 42% of Indian business leaders are prioritising data protection and remediation
Equity investors lose Rs 5.27 lakh crore as domestic markets slump
Investor wealth tumbled by Rs 5.27 lakh crore on Thursday as markets witnessed a sharp decline, aligning with the fall in Adani Group stocks. The benchmark BSE Sensex dropped 422.59 points, or 0.54 per cent, to close at 77,155.79 after plunging 775.65 points, or 0.99 per cent, earlier in the
Sebi removes 1% security deposit requirement for public issues
NEW DELHI: The Securities and Exchange Board of India (Sebi) on Thursday issued a circular scraping the mandatory security deposit requirement with exchanges for public issues effective immediately. The market regulator said that this will help companies to streamline business operations for companies. “In order to facilitate ease of doing
NTPC Green IPO subscribed 93% on second day of offer
NTPC Green’s IPO was subscribed 93 per cent on the second day of bidding on Thursday, receiving bids for 54,96,35,370 shares against 59,31,67,575 shares on offer, according to the NSE data.The portion reserved for retail individual investors (RIIs) was subscribed 2.38 times, while the qualified institutional buyers (QIBs) segment saw
Haryana chief secretary reviews status of nine infrastructure projects, ET Infra
CHANDIGARH: Haryana Chief Secretary Vivek Joshi on Thursday reviewed the progress of nine infrastructure projects currently underway in the state with an anticipated investment of Rs 58,274.05 crore. Reviewing the projects listed in the Project Monitoring Group (PMG) at a state-level meeting here, Joshi held detailed discussions with the concerned
India’s economic growth projected to accelerate in Q3 FY2025: ICRA report
NEW DELHI: India’s economic growth is expected to accelerate in the third quarter (October-December 2024) compared to the first half (April-September 2024) of the current financial year, according to a report by ICRA report. The projection is supported by improved economic indicators and strong sectoral performance, with preliminary November 2024
Rupee hits a new low at 84.50 against US dollar
The rupee fell by 8 paise on Thursday to settle at an all-time low of 84.50 against the US dollar, primarily due to a massive sell-off in domestic equity markets, ongoing foreign investment outflows, and surging crude oil prices due to geopolitical instability.According to forex traders, the dollar is witnessing
Indictment of Gautam Adani, senior executives on US bribery charge credit negative for Adani Group: Moody’s Ratings, ET Infra
NEW DELHI: One of the world’s premier credit rating agencies, Moody’s Ratings, in a statement on Thursday said that the indictment of Adani Group Chairman Gautam Adani and other senior officials on bribery charges by the US Department of Justice is credit negative for group companies. As per the indictment,