Business

Toyota Group signs MoU with K'taka for Rs 4,800 crore investment

Shanghaied Toyota cuts down production in China plant, reports profits slumped by third

After Tesla, Toyota too cut down its production by 50,000 cars per month due to lockdown imposed by China in Shanghai after Omicron Covid variant surged

May 12, 2022

China's zero-COVID policy not "sustainable": WHO Chief as reports questioning Shanghai lockdown surface

The head of the World Health Organization said on Tuesday China's zero-tolerance COVID-19 policy is not sustainable given what is now known of the virus, in rare public comments by the U.N. agency on a government's handling of the pandemic.

May 11, 2022

Adani Takeover: Party time for Kohinoor Foods' investors as stocks up 130% in 1 month

It's party time for those investors who have bought shares in Kohinoor Foods over the past one month as they have more than doubled during the said period.

May 11, 2022

Stock Markets: Sensex, Nifty traded steady in opening deals as rupee appreciates marginally

Indian equity benchmarks traded steady in early deals on Tuesday after a sharp slump the previous day.

May 10, 2022

Adani Airports raises $250 mn for airports development

Adani Airport Holdings Ltd (AAHL), a wholly owned subsidiary of Adani Enterprises Ltd, has announced a successful closure of funding of $250 million senior secured three-year ECB facility from consortium of Standard Chartered Bank (SCB) and Barclays Bank PLC.

May 9, 2022

Stock Market: FPI outflow continues, pulls over Rs. 6,400 crore in May first week

On May 4, the RBI raised the policy repo rate by 40 basis points with immediate effect and the cash reserve ratio by 50 basis points with immediate effect in an off-cycle monetary policy review.

May 8, 2022

Toyota Group signs MoU with K'taka for Rs 4,800 crore investment

The Toyota Group of Companies, comprising Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts, on Saturday announced a Memorandum of Understanding (MOU) signed with the Karnataka government to invest Rs 4,100 crore of a total Rs 4,800 crore towards 'Make in India' and to enable a faster reduction in carbon emissions.

May 8, 2022

Why has the forex reserve sunk $44.73 billion in 8 months? (Explainer)

The fall in foreign exchange reserves is also due to a value loss, which reflects the US dollar's strengthening versus key currencies, as well as a drop in gold prices.

May 7, 2022

Xiaomi, Manu Kumar Jain, Global, Vice president, Managing Director, Manu Jain Xiaomi,

Xiaomi accuses ED of 'physical violence' threats, agency denies allegations

As per the company's filing in the Karnataka High Court, Jain and Rao were on certain occasions "threatened ... with dire consequences including arrest, damage to the career prospects, criminal liability and physical violence if they did not give statements as per the dictates of" the agency.

May 7, 2022

Counterfeit Frozen dolls, Barbies, Lego; China's toy industry thrives on cheap rip-offs, but who pays the price?

It's the consumer and nations that pay the price. China's billion-dollar toy industry has inundated markets with cheaper toys and snubbed out local industries

May 7, 2022

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