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Bajaj Auto, TVS say switching to EV by 2025 may derail auto manufacturing

Bajaj Auto, TVS say switching to EV by 2025 may derail auto manufacturing

Leading two-wheeler makers Bajaj Auto and TVS Motor Company said Monday that any plan to ban internal combustion engine three-wheelers and two-wheelers to adopt electric ones by 2025 would be "unrealistic" and "ill-timed" and derail auto manufacturing in the country.

The comments come in response to some media reports that the government was considering a proposal to ban sale of internal combustion engine (ICE) three-wheelers by 2023 and less than 150 cc two-wheelers by 2025.

YES Bank falls 13% in three days; hits over 3-year low on BSE

YES Bank falls 13% in three days; hits over 3-year low on BSE

Shares of YES Bank were trading lower for the third straight session in the afternoon trade on Monday. The stock was down 5 per cent at Rs 133 per share, on concerns of eroding balance sheet strength, rising non-performing assets (NPAs), capital raising concerns and weak visibility of profits.

Rupee rises 8 paise to 69.38 vs $ in early trade

Rupee rises 8 paise to 69.38 vs $ in early trade

The rupee appreciated by 8 paise to 69.38 against the US dollar in opening trade Monday, driven higher opening in domestic equities.

Forex dealers said, the local currency also gained strength amid weakening of the greenback in overseas markets.

Sensex rallies over 350 points; Nifty above 11,900

Sensex rallies over 350 points; Nifty above 11,900

The benchmark BSE Sensex rallied over 350 points and the NSE Nifty reclaimed the 11,900 level in early trade Monday driven by gains in IT and banking stocks amid positive global and domestic cues.

After hitting a peak of 39,979.48, the 30-share index was trading 272.07 points, or 0.69 %, higher at 39,887.97. Similarly, the broader NSE Nifty spurted 76.25 points, or 0.64 %, to 11,946.90.

How NHAI hopes to garner Rs 9,000 crore under TOT model in FY20

How NHAI hopes to garner Rs 9,000 crore under TOT model in FY20

Even as it had to abort the second round of auction under the toll-operate-transfer (TOT) model due to lack of investor interest, the National Highways Authority of India (NHAI) is not going slow on its plan to monetise its operational projects. According to official sources, the authority, which is in need of funds to repay debt and build new highways, will soon invite requests for proposal (RFPs) for two TOT tranches, measuring a total of 970 km, hoping to garner at least Rs 9,000 crore through this model in FY20.

Adopt 'significant economic presence' concept to tax digital companies: India at G20 meet

Adopt 'significant economic presence' concept to tax digital companies: India at G20 meet

India has made a strong case for adoption of "significant economic presence" concept for taxing global digital companies and close cooperation among the G-20 member nations to deal with fugitive economic offenders who flee their countries to escape consequences of the law.

Microsoft unveils Project Scarlett, the next-gen Xbox: All you need to know

Microsoft unveils Project Scarlett, the next-gen Xbox: All you need to know

Microsoft Corp unveiled on Sunday its next-generation Xbox console, known as "Project Scarlett," which is set to hit store shelves during the 2020 holiday season.

The device will be four times more powerful than the Xbox One X console and be powered by an Advanced Micro Devices chip, the company said during its Xbox E3 conference in Los Angeles.

Google top spender on lobbying in US, spent $21.7 million in 2018

Google top spender on lobbying in US, spent $21.7 million in 2018

Tech giant Google spent $21.7 million on lobbying efforts last year to influence lawmakers as the government and regulators sought great scrutiny from tech companies related to users' privacy and unfair market practices.

According to a CNBC report on Sunday, Google has been the top spender on lobbying for two consecutive years.

India may buy Rs 6,000 cr-worth of air missiles from US to shield Delhi

India may buy Rs 6,000 cr-worth of air missiles from US to shield Delhi

India has begun the process of acquiring the National Advanced Surface to Air Missile System-II (NASAMS-II) from the US to fully secure its airspace against aerial threats ranging from drones to ballistic missiles.

India has begun the process of acquiring the National Advanced Surface to Air Missile System-II (NASAMS-II) from the US to fully secure its airspace against aerial threats ranging from drones to ballistic missiles.

Indian-origin activist who yelled at Bezos arrested

Indian-origin activist who yelled at Bezos arrested

Indian-American activist Priya Sawhney, who interrupted Amazon Founder and CEO Jeff Bezos' on-stage talk, has been arrested on trespassing and burglary charges, according to media reports.

Sawhney, 30, rushed on stage during Amazon's "re:MARS" event here on Thursday and asked Bezos to do something about "chicken farms".

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