South Korean auto major Hyundai Motor Company has fully exited Ola Electric Mobility, selling its entire 2.47% stake for Rs 552 crore through an open market transaction on Tuesday.As per bulk deal data on the National Stock Exchange (NSE), Hyundai sold over 10.88 crore shares of Bengaluru-based Ola Electric at an average price of Rs…
Swiss brokerage UBS has revised its forecast for India’s FY26 GDP growth to 6.4% from the earlier 6%, citing resilient economic momentum despite ongoing global trade tensions.This revision comes after official data last week showed India’s economy grew by 7.4% in the March quarter, pulling the full-year 2024-25 GDP growth down to 6.5%, compared with…
Victoria’s Secret is postponing the release of its quarterly earnings after a security breach disrupted corporate operations and forced the popular lingerie brand to take its US shopping website offline for several days last week.In an update on Tuesday, the Ohio-based retailer said it first detected a “security incident involving its information technology systems” on…
In order to expand operations and develop a local ecosystem for future manufacturing and supply chain activities in India, Tesla has taken an important step by leasing a new office space in Kurla West, central Mumbai. This move highlights the company’s growing commitment to the Indian market. This new location is Tesla’s fourth office in…
India has formally requested consultations with the United States under the World Trade Organisation’s (WTO) Agreement on Safeguards, challenging recent American tariffs imposed on automobile parts.The move follows India’s earlier decision to reserve the right to impose retaliatory duties on select US goods in response to Washington’s tariffs on steel and aluminium.According to a communication…
Moody’s Ratings on Tuesday said that India’s strong domestic economic environment will continue to support economic growth, helping banks maintain healthy asset quality and keeping systemwide nonperforming loan (NPL) levels between 2–3 per cent over the next 12 months.In a report focused on the Indian banking sector, Moody’s stated that even amid heightened global economic…
Tyre manufacturer MRF has regained its position as India’s highest-priced stock, surpassing Elcid Investments after a sustained rally in recent months. As of June 3, 2025, MRF shares were trading at Rs 1,38,100, marking a strong rebound from its 52-week low of Rs 1,02,124 recorded in March.Elcid Investments, which had briefly claimed the top spot,…
The Organisation for Economic Co-operation and Development (OECD) lowered its global economic growth forecast on Tuesday, citing the impact of a widening trade war driven by US President Donald Trump’s tariff policies. The Paris-based organization warned that these measures, particularly new tariffs, are set to significantly slow the world economy, with the United States expected…
NEW DELHI: An Indian-origin UC Berkeley graduate has sparked a debate about the startup funding ecosystem after claiming he received responses from 27 venture capitalists—four of whom asked for a meeting—by posing as a fake founder with no real product or pitch, but with the right mix of elite buzzwords.Bhavye Khetan, who earned a bachelor’s…
The Trump administration appears to be in a rush to finalise trade agreements before its self-imposed deadline expires. (AI image) The Donald Trump administration has issued a new ultimatum to countries to share their best offers on trade deals by Wednesday, five weeks ahead of the day when the reciprocal tariffs are set to kick…
