BUSINESS
Musk slams Biden as 'not the friendliest' after WH EV summit snub
Musk's comments came during a Code Conference interview and followed a tweet in which the Tesla CEO mocked Biden using similar insults as former US President Donald Trump, reports The Verge. The Biden administration invited auto executives to the White House last month to discuss the shared goal of increasing the production of electric vehicles.
Govt considering lowering exchange rates given by banks to small exporters
Exporters have to deal with exchange rate variations for dealing in foreign currencies and its conversion into rupee. However, while large exporters get forex access at lower exchange rate from banks, smaller ones make payments at higher exchange rate thereby losing competitive advantage on their products and services.
Electric Moves: Tata's 'UniEVerse' accelerates EV adoption
The concept known as 'UniEVerse' has practically created the economy system for quick adoption of EVs in the country.
Indian consumer tech brands stand tall against Chinese invasion
The secret sauce behind the success of homegrown audio and wearable brands like BoAt, Noise and Fire-boltt has been a healthy mix of product, price, placement and promotion.
Healthtech startup MFine bags Rs 356 cr to build a virtual hospital
The startup said the new funds will help it invest into expanding its hospital, diagnostics and e-pharmacy network across the country and building tech-driven care delivery products for both acute and chronic conditions patients.
UK Revenue grants Indian-owned Essar Oil extension to settle VAT arrears
Chief Financial Officer of EOUK, Satish Vasooja, stated: "With this time to pay arrangement, we now have a significant runway to stabilise our balance sheet which has been adversely impacted by the (Covid-19) pandemic."
SEBI relaxes eligibility norms for issue of shares with 'superior voting rights'
As per the relaxed norms, the net worth condition of SR shareholders has been changed to include an individual whose net worth is not more than Rs 1,000 crore.
China electricity crunch forces blackouts for households and factories
Companies in the country's industrial heartlands have been told to limit their energy consumption in order to reduce demand for power, state media reported. And supply has been cut to some homes, reportedly even trapping people in elevators, the report said.
SEBI approves creation of Social Stock Exchange, easier M&As
In a statement, the regulatory body listed the various decisions that were taken during the meeting such as approval for the framework for Gold Exchange and SEBI (Vault Managers) Regulations, 2021.
SC dismisses Adani's plea against gas distribution bids in Ahmedabad
A bench of Justices U.U. Lalit, S. Ravindra Bhat, and Hrishikesh Roy upheld the Gujarat High Court's September 2018 judgment, which allowed supply of natural gas as a clean and green fuel in the three areas of outer Ahmedabad region, by state-run gas distributor Gujarat Gas.
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