Hyundai lays groundwork for mass-market EV launch

Hyundai lays groundwork for mass-market EV launch

CHENNAI: Hyundai Motor India (HMIL) is laying the groundwork for its next phase of growth in the EV market, where competition is gradually shifting towards affordable, mass-market models. The company is expanding its charging infrastructure and deepening localisation of components ahead of the launch of its first mass-market electric SUV, slated for this fiscal.The company…

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Stocks, rupee slide as oil spike fuels pressure

Stocks, rupee slide as oil spike fuels pressure

MUMBAI: Indian markets closed lower on Monday as fluctuating crude prices and global risk-off cues weighed on sentiment, with the sensex falling 443 points or 0.6% to 77,709 and the Nifty declining 96 points or 0.4% to 24,239, while the rupee weakened to 96.45 against the dollar from 96.28.Banking stocks led the decline after mixed…

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Defence ministry invites firms to design, develop airship-based high-altitude pseudo sats under Rs 15,000cr program

Defence ministry invites firms to design, develop airship-based high-altitude pseudo sats under Rs 15,000cr program

NEW DELHI: The defence ministry has invited domestic aerospace firms to design and develop Airship-based High Altitude Pseudo Satellites (AS-HAPS) under a Rs 15,000-crore program for the Indian Air Force to provide persistent intelligence, surveillance and reconnaissance (ISR) at significantly lower cost than satellites.HAPS are pseudo satellites that hover in the stratosphere at 20 km…

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Meet Sarah Kendzior: The bestselling author who traded her writing desk for a $17-an-hour garden centre job and found unexpected joy

Meet Sarah Kendzior: The bestselling author who traded her writing desk for a $17-an-hour garden centre job and found unexpected joy | World News

For many people, taking a minimum-wage or part-time job is often seen as a last resort. But for Sarah Kendzior, a 48-year-old American author and journalist, working at a local garden centre became far more than a way to supplement her income. Earning $17 (£12.50) an hour, she discovered a renewed sense of purpose, community…

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Monetisation of assets helps NHAI pare debt

Monetisation of assets helps NHAI pare debt

NEW DELHI: Accelerated monetisation of highway assets has enabled the NHAI to prepay loans of over Rs 1.2 lakh crore and repay another Rs 31,300 crore since March 2022, reducing its overall debt to just under Rs 2 lakh crore, according to govt data.NHAI’s debt had touched an all-time high of Rs 3.5 lakh crore…

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No move to scrap LTCG tax on equities: Govt

No move to scrap LTCG tax on equities: Govt

NEW DELHI: : Govt on Monday told Parliament that there was no move at the moment to abolish long-term capital gains tax on equities for retail or domestic investors.“The tax policies, including capital gains tax rates, are revised periodically as part of the annual budgetary process and legislative revisions after taking into consideration the macroeconomic…

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