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More than half of IndiGo flights were delayed on Saturday after a large number of inflight crew reported sick.  (Image: Reuters)

Desire for a job with Air India had crippled IndiGo’s Saturday flight schedule, sources say

Jul 03, 2022

The rush for an Air India job eventually resulted in the rescheduling of more than 900 IndiGo flights on June 2.

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Hindustan Motors-European co JV to launch electric two-wheelers by next year

Jul 03, 2022

Financial due diligence of both the companies will start in July, which will take two months, after which the technical aspects of the joint venture will be looked into and this will take another month, Director of Hindustan Motors, Uttam Bose.

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Vedanta Group eyes $3.5 billion turnover from chip business, 33% from exports

Jul 03, 2022

Vedanta Foxconn JV is among three companies that have applied for setting up semiconductor manufacturing units in the country.

The company's upcoming mid-sized SUV is going to have a strong hybrid system.

Maruti Suzuki to deploy strong hybrid tech across model range

Jul 03, 2022

The auto major aims to have strong and mild hybrid technologies as part of an initiative to have environment-friendly technology elements in each of its models, enabling better fuel efficiency and reduced carbon footprint.

On a sequential basis, total dues in June increased from Rs 1,30,139 crore in May 2022.

Discoms’ outstanding dues to gencos rise to Rs 1.32 lakh crore in June

Jul 03, 2022

Discoms owed a total of Rs 1,27,306 crore to power generation firms in June 2021, according to portal Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators.

JSW Steel has already contracted for 1 gigawatt (GW) of renewable energy, of which 225 MW has become operational in April 2022

JSW Steel to invest Rs 10,000 cr to increase use of renewable energy: Sajjan Jindal

Jul 03, 2022

The company's ongoing expansion projects are oriented towards producing steel with higher use of renewable power, best-in-class digitalisation to achieve operational efficiency and best available technologies to reduce associated CO2 emissions.

The market valuation of Reliance Industries Ltd (RIL) declined by Rs 62,100.95 crore to reach Rs 16,29,684.50 crore.

Three of top 10 firms lose Rs 73,630 crore in m-cap; RIL biggest loser

Jul 03, 2022

While HUL and ICICI Bank were the other laggards from the top-10 pack, TCS, HDFC Bank, Infosys, LIC, SBI, HDFC and Bharti Airtel were the gainers.

The last time Tesla sold fewer vehicles globally was in the third quarter of 2021 when it delivered 241,000.

Tesla's sales drop amid supply chain issues, pandemic restrictions in China

Jul 03, 2022

The company disclosed it sold more than 254,000 cars and SUVs from April through June, an 18% drop from the first three months of this year and also well below the pace in last year's final quarter.

The output of integrated zinc increased by 10 per cent to 2,06,000 tonnes.

Hindustan Zinc mined metal production up 14% in April-June

Jul 03, 2022

The mined metal output was at 2,21,000 tonnes in the corresponding quarter of previous fiscal, Hindustan Zinc said in a statement.

Only 1.5% of cars sold in Australia are electric or plug-in hybrid, and passenger cars account for almost 10% of the nation's emissions, the government said.

Australia's new government prioritizes reducing emissions and cheaper EVs

Jul 02, 2022

A bill will be introduced to commit Australia to reducing its emissions by 43% below 2005 levels by 2030 when Parliament sits on July 26, Minister for Climate Change and Energy Chris Bowen told the National Press Club.

Capital markets regulator SEBI

SEBI fines Rs 1.16 crore on 115 entities for fraudulent trading

Jul 02, 2022

In its order, the regulator imposed fines in the range of Rs 25,000 to Rs 5 lakh.

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Weekly rundown: Bertelsmann commits $500 mn for India investments; Arzooo, Propshare raise new rounds

Jul 02, 2022

In a relatively muted week for start-up funding, retail tech firm Arzooo, realty platform PropShare, business-to-business (B2B) marketplace Solv, and fintech start-ups Progcap and GetVantage raised new funding rounds.

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Three Future Group companies report payment defaults

Jul 01, 2022

Future Lifestyle Fashions Ltd (FLFL), in a regulatory filing, reported a default of Rs 335.08 crore on the principal amount.

This was part of a broader crackdown by India on businesses with Chinese links amid worsening diplomatic relations.

General Motors calls off plan to sell India car plant to China's Great Wall

Jul 01, 2022

This will also send Great Wall back to the drawing board on its plans to enter India, which it considered an important part of its global strategy to break into new markets like Latin America, Thailand and Brazil.

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SEBI imposes Rs 36 lakh penalty on PGIM AMC, CEO Ajit Menon, 3 others

Jul 01, 2022

In its order, Sebi noted that five entities did not adhere to the provisions of the mutual fund regulations while executing ISTs between open and close-ended schemes of PGIM MF.

Government warns Ed-tech companies against unfair trade practices

Government warns Ed-tech companies against unfair trade practices

Jul 01, 2022

If self-regulation does not work, then the government will formulate stringent guidelines, warned Consumer Affairs Secretary.

The company, in terms of EVs, recorded its highest-ever monthly sales at 3,507 units in June 2022 as its Nexon EV Max, launched in May, witnessed strong demand.

Tata Motors reports 82% rise in domestic sales, EV sales up 433% in June

Jul 01, 2022

Indian automaker’s SUV portfolio contributed 68 per cent of Q1FY23 sales, while its electric vehicle (EV) sales reached new heights with sales of 9,283 in Q1 FY23.

Toyota’s new Urban Cruiser Hyryder

Toyota unveils its first compact SUV 'Urban Cruiser Hyryder' for India, bookings start

Jul 01, 2022

This new SUV, which has been built jointly with homegrown automaker Maruti Suzuki India, will be available in mild-hybrid as well as in strong-hybrid powertrain options.

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EXCLUSIVE: ONDC to give public access by August; first round of fundraising nearly complete

Jul 01, 2022

A UPI-type protocol, ONDC will enable discovery and shopping of products and services from partnering entities across the member applications on its network.

Amazon India signs 2 MoUs with UP govt to digitise local businesses, boost exports (Photo: Reuters)

Amazon India signs 2 MoUs with UP govt to digitise local businesses, boost exports

Jul 01, 2022

The company announced a number of key initiatives aimed at providing digital access to thousands of small businesses, entrepreneurs, traders, artisans, and weavers in Uttar Pradesh.

Will Reliance Industries bounce back after Friday’s 8% fall? Here’s what analysts have to say

Will Reliance Industries bounce back after Friday’s 8% fall? Here’s what analysts have to say

Jul 01, 2022

Shares of the company came under pressure on July 1 after the government imposed taxes on the export of petrol, diesel and jet fuel (ATF) shipped overseas by Indian firms.