Elon Musk responded in kind to Tesla Inc investors approving his $1 trillion compensation package, making a series of extravagant predictions about what the company will be capable of in the years to come.Tesla’s humanoid robot will progress from simple tasks, like handing out bags of candy, to performing surgery with “beyond human” levels of…
CHENNAI: The recent GST rate rationalisation has not only resulted in a drop in the prices of commercial vehicles but also eased the long-standing pressure on original equipment manufacturers (OEMs) to offer steep discounts in India’s highly price-sensitive and fiercely competitive truck market.Before the GST revision, medium and heavy commercial vehicles (M&HCVs) priced around Rs…
Lucknow: A 17-year-old Class 11 student, Vaibhav Jha, lost his life in a tragic road accident on Friday morning when his Royal Enfield Bullet, gifted by his father on his birthday just three weeks ago, collided with a private bus in Aashiana area.His friend Shashwat, who was riding pillion, sustained serious injuries and is undergoing…
MUMBAI: In a rare show of unity, over a dozen senior civic officers in the BMC have come together to oppose the continued tenure of retired officer Chandrashekar Chore, who they claim is occupying a post that belongs to their cadre. Earlier this week, a letter regarding the issue landed on the desks of top…
Attorney general R Venkataramani NEW DELHI: Attorney general R Venkataramani apologised on Friday to Supreme Court following CJI B R Gavai deploring the Centre’s plea for referring to a five-judge bench midway through hearing on challenges to the validity of the Tribunal Reforms Act and two days later excoriating a request for adjourning a scheduled…
MUMBAI: The Rs 6,632-crore IPO for online financial services platform Groww was subscribed 17.6 times at close on Friday, with institutional investors leading the bidding. However, with the stock market witnessing sharp volatility, the grey market premium (GMP), the mark-up over the upper band of the offer price in the unofficial market for stocks, fell…
NEW DELHI: Noting that India continues to report one of the world’s highest rabies-related mortality rates and there has been an alarming increase in dog-bite incidents, making public places unsafe, Supreme Court Friday directed that stray dogs be removed from premises of educational institutions, hospitals, sports complexes, bus stands and depots, and railway stations. The…
Mumbai: The board of Swiggy on Friday cleared the company’s plan to raise up to Rs 10,000 crore through a qualified institutional placement (QIP), the firm said in an exchange filing. The move follows rival Zepto’s $450 million (close to Rs 4,000 crore) funding which has stoked competition in the growing 10-minute delivery space as…
BENGALURU: Britannia Industries is gearing up for a “lull before the storm”, as described by executive vice chairman and MD Varun Berry, ahead of a renewed push for volume-led growth amid stabilising GST rates and improving demand. The company expects growth to accelerate from the Dec quarter, with Berry indicating that organised players like Britannia…
AUCKLAND: The fourth round of the India-New Zealand FTA talks was focused on goods market access, services, economic and technical cooperation, and investment opportunities, and both countries have vowed to wrap up a deal soon.“We look forward to working towards the early conclusion of a balanced, comprehensive and mutually beneficial agreement, in line with the…
