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China’s BYD gears up to topple Musk’s Tesla as world’s top EV maker

Jan 2, 2024

New Delhi, Jan 2 (IANS) Chinese automotive giant BYD has moved one step closer to topple Elon Musk-run Tesla as the world’s top EV manufacturer, after the Shenzhen-based company sold a record 526,000 electric vehicles in October-December 2023.For the entire year, BYD sold more than 3 million battery electric vehicles (BEVs) and plug-in hybrids, it…

Household debt in India does not pose systemic concern: RBI

Jan 2, 2024

Mumbai, Jan 2 (IANS) Despite the recent increase in financial liabilities, household debt in India is much lower than in other emerging market economies (EME) and, therefore, the risk of defaults due to greater exposure of higher mortgage…

Business

Sensex down more than 500 points

Jan 2, 2024

New Delhi, Jan 2 (IANS) Equity benchmarks sank on Tuesday with selling emerging at higher levels.BSE Sensex was down 559 points at 71,712 as heavyweight stocks came under selling pressure.Ultratech Cement was down more than 3 per cent,…

Business

Zomato hikes platform fee to Rs 4 across key cities after bumper NY Eve

Jan 2, 2024

New Delhi, Jan 2 (IANS) Buoyed by record food orders on New Year’s Eve, food delivery platform Zomato increased its mandatory platform fee to Rs 4 from Rs 3 per order across key markets.The new rates were effective from January 1.New Year’s…

Business

Crypto firm Sinohope sees losses grow over 40%, no FTX funds in sight

Jan 2, 2024

Hong Kong, Jan 2 (IANS) Cryptocurrency firm Sinohope Technology (formerly Huobi Technology) reported more than 40 per cent loss for the first nine months of 2023, as its funds are still stuck in the collapsed crypto exchange FTX.Sinohope…

Business

Samsung vows to prioritise retaining its technological supremacy

Jan 2, 2024

Seoul, Jan 2 (IANS) South Korean tech behemoth Samsung Electronics on Tuesday announced its strategic priorities for the new year, emphasising the strengthening of the company's competitiveness through technological supremacy and…

Business

Key UPI transaction changes that come into effect in New Year

Jan 2, 2024

New Delhi, Jan 1 (IANS) The Unified Payments Interface (UPI) rules have gone through some key changes in the New Year to improve online banking and payment transaction experiences.The National Payments Corporation of India (NPCI) have…

Business

Investigation launched into ‘severe hard landing’ of Air India A320 aircraft in Dubai

Jan 2, 2024

New Delhi, Jan 1 (IANS) The Directorate General of Civil Aviation (DGCA) is investigating a "severe hard landing" involving an Air India Airbus A320neo (VT-CIQ) during its Cochin to Dubai flight on December 20, an official said on Monday.…

Business

DGCA issued ‘decade-high’ 1,622 commercial pilot licenses in 2023

Jan 1, 2024

New Delhi, Jan 1 (IANS) The Directorate General of Civil Aviation (DGCA) on Monday said that it issued a decade-high 1,622 commercial pilot licenses (CPLs) in 2023. Among these, 18.12 per cent were women pilots with a remarkable upswing…

Business

WhatsApp banned record 71L bad accounts in India in Nov 2023

Jan 1, 2024

New Delhi, Jan 1 (IANS) Meta-owned WhatsApp banned a record over 71 lakh bad accounts in India in the month of November 2023, in compliance with the new IT Rules 2021, the company said on Monday.Between November 1-30, the company banned…

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