In a surprising strategic move, China, the world’s foremost graphite producer, has announced its decision to enforce export permits for select graphite products. This action is aimed at safeguarding national security and marks another bold step by China to assert control over the supply of critical minerals, particularly those essential for its dominant global manufacturing…
BANGKOK (AP) — China’s energy and auto giant BYD has unveiled an ultra-fast EV charging system that it claims is nearly as quick as refueling at a gas station. On Monday, BYD, China’s largest EV maker, announced that its new flash chargers can fully charge its latest EVs in five to eight minutes—comparable to the…
Equity mutual fund inflows more than double to Rs 8,637 crore in June Smallcap funds continue to be in demand, net inflows surge to 66 percent month-on-month to Rs 5,471.75 crore in June BSE Sensex has risen by around 7 percent since the start of the year, while the index has gained 0.7 percent in…
In a recent interview with CNBC-TV18, Kuldip Singh Rathee, the Chairman and Managing Director of ASK Automotive, unveiled the company’s ambitious plans to outgrow the industry by at least 5%-7%. ASK Automotive, the leading manufacturer of brakeshoes and advanced braking systems for two-wheelers in India, has initiated a groundbreaking Rs 834-crore public issue, marking a…
Dabur’s Ethylene Oxide Free Masala Products Remain Unaffected by Recent Bans Dabur India, a leading FMCG company, reassured consumers that its masala products, particularly under the Badshah brand, remain free from ethylene oxide, especially in the domestic market. This affirmation comes amidst concerns raised by recent bans on Indian spice blends, notably MDH and Everest,…
State Bank of India (SBI) Achieves Remarkable Q2 Earnings In a financial report that defied expectations, State Bank of India (SBI) announced a net profit of Rs 14,330 crore for the July-September FY24 quarter. This impressive figure represents an 8% increase from the Rs 13,265 crore the bank earned in the same period a year…
Washington, DC – In a notable development, US mortgage rates have experienced a sharp increase, reaching their highest point in over two decades. The Surge in Mortgage Rates According to recent data released by Freddie Mac, the average rate for a 30-year fixed-rate mortgage climbed to 7.09% during the week ending August 17. This marked…
The world is on the brink of a technological revolution, and businesses everywhere are eager to leverage artificial intelligence (AI) to transform their operations. Srini Pallia, CEO and managing director of Wipro, underscored this in the company’s annual report for 2023-24. Wipro’s AI-Driven Ecosystem: ai360 Last year, Wipro launched ai360, an AI-first ecosystem supported by…
The Indian economy is witnessing a steady resurgence in momentum during the second half of the financial year 2024-25 (H2FY25), driven by high-frequency indicators, according to the Reserve Bank of India’s (RBI) monthly bulletin released on February 19. Industrial activity has improved over the previous quarter, as reflected in the Purchasing Managers’ Index (PMI) for…
Abhishek Integrations Limited (AIL) has surged to new heights, hitting an upper circuit and achieving a 52-week high at Rs 44.85 per share, driven by significant developments in its business operations. The company recently secured new orders valued at Rs 2.70 crore from the Airport Authority of India (AAI), boosting investor confidence and propelling the…
