Business
GM hit with $6 billion in charges as EV incentives cut and emissions standards fade
FILE – The 2024 Chevrolet Silverado EV sits on display at the Chicago Auto Show, Thursday, Feb. 9, 2023, in Chicago. (AP Photo/Charles Rex Arbogast, File) FILE – The 2024 Chevrolet Silverado EV sits on display at the Chicago Auto Show, Thursday, Feb. 9, 2023, in Chicago. (AP Photo/Charles Rex Arbogast, File) General Motors will…
Day 1: Bharat Coking Coal IPO gets 8x bids
KOLKATA: The IPO of Bharat Coking Coal was subscribed 8 times on the first day of bidding on Friday, driven by strong demand from retail, non-institutional and existing shareholder investor categories. The issue received bids for 2,80,61,36,400 equity shares against the offer size of 34,69,46,500 shares, according to available data. Source link
India adds 48 GW of RE capacity
CHENNAI: India’s renewable energy sector wrapped up 2025 with a record-breaking surge in capacity additions, underscoring the pace of the country’s clean energy transition. About 48 GW of new renewable capacity was added during the year, including large hydro projects, while around 45 GW was added excluding the large hydro segment, compared with 28 GW…
SoftBank reduces Ola Electric stake to 13.5% from 15.6%
BENGALURU: Masayoshi Son-led SoftBank Group pared its holding in Ola Electric Mobility to 13.5% from 15.6%, in what appears like a staggered exit from the electric 2-wheeler maker that was once among its marquee India bets. SVF II Ostrich (DE), a SoftBank affiliate and Ola Electric’s second-largest shareholder after founder Bhavish Aggarwal, sold 9.4 crore…
Faking your location? HR knows
BENGALURU: Corporate forensic teams and background verification firms are flagging cases of location spoofing, particularly among hybrid employees and gig workers. In several instances, employees have been pulled up after allegedly misrepresenting their actual work location, with such discrepancies surfacing during random audits, compliance checks, or client reviews.Investigations found that some used travel routers or…
Dwarka Yashobhoomi to get a five star ITC hotel
NEW DELHI: India’s largest convention and exhibition centre — Yashobhoomi, Dwarka — will soon have a premium five star hotel. India International Convention and Exhibition Centre Ltd at Yashobhoomi has allotted land to ITC Hotel Ltd (ITCHL) on a long term lease basis.ITCHL MD Anil Chadha said: “Yashobhoomi is a game-changer for the meetings, incentives,…
India–US trade talks: Did a missed Modi–Trump call stall the deal? GTRI flags deeper policy gaps
A remark by US Commerce Secretary Howard Lutnick blaming the lack of a personal phone call from PM Narendra Modi for the stalled India–US trade deal does not stand up to scrutiny and diverts attention from substantive policy differences, the Global Trade Research Initiative (GTRI) said in a report released on Friday.In an interview on…
Budget 2026: PHDCCI pitches green bank to finance renewable energy, EVs and climate tech
Industry body PHDCCI has suggested that the government set up a dedicated Green Bank or Climate Finance Facility in the upcoming Union Budget to help channel private capital into green technologies such as renewable energy, energy efficiency and electric vehicles, PTI reported.The proposal was made during a pre-Budget interactive session with representatives from the banking,…
Sensex, Nifty down over 2% in just 5 sessions: All eyes on US Supreme Court ruling on Trump tariffs – what will it mean for markets?
Investors are anticipating that the decision could either trigger a sharp surge in the Sensex and Nifty or exacerbate the turbulence. (AI image) Will the world continue to face US President Donald Trump tariffs or will the Supreme Court in America deem them illegal? It’s an important factor in the minds of investors world over,…