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Business

Tesla Issues Major Recall in China for Model 3 and Model Y Due to Software Glitch

Tesla has announced a recall of 77,650 Model 3 and Model Y vehicles in China due to a software glitch affecting the tyre pressure monitoring system. Additionally, 63 imported Model...

Business

Indo Farm Equipment IPO Skyrockets: Subscribed 6 Times in Just Hours

Indo Farm Equipment Ltd's IPO saw an overwhelming response, getting subscribed nearly 6 times within hours. The Rs 260-crore offering aims to fund expansion and debt repayment, wit...

Business

Drastic 99% Drop in Foreign Portfolio Investment to India in 2024

In 2024, India experienced a 99% drop in Foreign Portfolio Investment (FPI) inflows, from Rs 1.71 lakh crore in 2023 to Rs 2,026 crores. This decline is attributed to the strong US...

Business

Tesla's Shanghai Megapack Plant Kicks Off Trial Production, Paving the Way for Future Energy Solutions

Tesla Inc. has started trial production at its Megapack plant in Shanghai, aiming to revolutionize grid operations with large-scale lithium-ion energy storage units. With construct...

Business

Waaree Renewable Technologies Secures Monumental 2 GW Solar Project in Bikaner

Waaree Renewable Technologies Ltd (WRTL) has secured a landmark 2 GW solar project in Bikaner, Rajasthan, marking its largest-ever order. This project, in collaboration with Jindal...

Business

RBI Sets April 2025 Deadline for Mandatory Beneficiary Name Verification in RTGS and NEFT Transfers

The Reserve Bank of India mandates banks to implement a beneficiary name verification system for RTGS and NEFT transfers by April 2025, enhancing the security of digital fund trans...

Business

Unimech Aerospace's Stellar Stock Market Debut: Shares Skyrocket by 90%

Unimech Aerospace and Manufacturing Ltd made a remarkable stock market debut with shares surging 90% above the issue price, achieving a market capitalisation of Rs 6,956.20 crore. ...

Business

India's Economic Outlook: CAD to Hit 1% of GDP in FY2025, CRISIL Forecasts Stability Amid Challenges

India's current account deficit (CAD) is forecasted to remain at 1% of GDP for FY2025, with strong financial inflows and a steady services trade surplus providing stability. Despit...