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Elon Musk unveils Tesla's fastest car yet, the Model S Plaid

Elon Musk unveils Tesla's fastest car yet, the Model S Plaid

Tesla CEO Elon Musk exhibited Model S Plaid, the electric car manufacturer's fastest vehicle to date amid much fanfare at an event for buyers at the company's factory in Fremont, California late Thursday. The company aims to reignite interest in the nearly decade-old sedan and stave off rivals such as Mercedes-Benz, Porsche, and Lucid Motors in the luxury EV (electric vehicle) market. The event was closely followed the world over. Backing the top-notch performance capabilities for Model S Plaid, Elon Musk also focused on the role the vehicle is likely to play in Tesla's product line.

IDBI Bank account holders to only get 20 free cheque leaves per year from July 1

IDBI Bank customers will have to pay Rs 5 per cheque leaf beyond 20 free leaves per year, under the revised charges from next month. Currently, customers can access as many as 60 cheque leaves without any charges in a year in the first year of account opening and 50 leaves in all the subsequent years. Beyond these, one has to pay Rs 5 per leaf. Introducing the revision of services in savings bank accounts, the lender in a notice said the free transaction limits (for select facilities) and lock discounts offered to individual savings bank customers are being revised from July 1, 2021.

SBI launches 'Kavach' personal loan scheme of up to Rs 5 lakh for COVID patients

The State Bank of India (SBI) on Friday introduced a collateral-free loan called 'Kavach Personal Loan' for its customers facing financial stress due to COVID treatment-related expenditures. The state-run lender, under the scheme, is providing collateral-free personal loans of up to Rs 5 lakh at an 8.5% annual interest rate, aimed at helping customers meet medical expenses of self and family members for COVID-19 treatment. The 'Kavach Personal Loan' will also be part of the COVID-19 loan book being created by banks in line with RBI's COVID relief measures, SBI further noted.

Wipro CEO Thierry Delaporte earned Rs 64 crore in FY21; higher than peers at Infosys, TCS

Wipro chief Thierry Delaporte drew $8.8 million (Rs 64 crore) as salary in FY21, regulatory filings showed. This makes him the highest-paid CEO in IT compared to his peers at rival companies such as Infosys and TCS (Tata Consultancy Services). The compensation of Delaporte, who became Wipro's CEO on July 6, 2020, comprised a one-time cash award and stock grants, which increased his earnings for the year, as per the company's statement to the US Securities and Exchange Commission (SEC).