India is now among the top three auto markets in the world. A feat indeed, but it’s being driven by internal combustion-engine cars even as global pressures force a pivot to cleaner electric vehicles.

Over 4 million four-wheel vehicles were sold in India last year, surpassing Japan and coming in behind China and the US. That’s a stunning reversal from almost eight months ago, when sales tanked to a decade-low and swathes of production capacity lay idle.

The 27-hour online auction, organised from Tuesday by Heritage Global Partners, at the San Francisco headquarters, is the latest sign of upheaval at the firm, which Musk acquired for $44 billion.

The 631 lots of “surplus corporate office assets” range from the mundane — industrial-scale kitchenware and typical office furniture to less typical fare for office auctions, such as quirky signage and more than 100 boxes of KN95 masks.

India logged 128 new coronavirus infections, while the active cases declined to 1,998, according to the Union Health Ministry data updated on Wednesday.

The Covid case tally was recorded at 4.46 crore (4,46,81,361).

The death toll stands at 5,30,728, with one each reported from Karnataka and Maharashtra, the data updated at 8 am stated.

Oravel Stays Ltd, which operates travel tech firm and brand OYO, on Wednesday said it will refile its draft public listing application by the middle of next month.

Earlier this month capital markets regulator Sebi had asked the company to refile the draft initial public offering (IPO) papers with certain updates.

Drugmaker Cipla said on Wednesday it has launched a diagnostic device to test for diabetes, infectious diseases, cardiac markers, thyroid function and other conditions.

Cippoint will allow healthcare professionals to get test results in 3 to 15 minutes, enabling a faster clinical decision-making process. The device has an automated system and is user-friendly and it can be used in remote areas or mobile vans, said the company.

Amazon has reclaimed the top spot as the world’s most valuable brand despite its brand value falling 15 per cent this year from $350.3 billion to $299.3 billion, said a new report.

According to brand valuation consultancy Brand Finance’s report, “Global 500 2023”, while Amazon is back at No 1, its brand value has fallen by over $50 billion this year, with its rating slipping from AAA+ to AAA. This is as consumers evaluate it more harshly in the post-pandemic world.

Prime Minister Narendra Modi, on the second and final day of the the party's National Executive meeting on Tuesday, made several important points to BJP leaders to strengthen the party in view of the Lok Sabha elections next year, sources said.

According to the source, PM Modi emphasised on meeting people of all religions and asked party leaders to go to universities, churches, etc to meet and interact with people.

Wealth management firm 360 ONE has acquired a controlling stake in Mumbai Angels, an angel investment platform focused on early-stage start-ups. With this acquisition, the investing platform has also announced the launch of two new funds – Category 1 Venture Capital Fund - Angel Fund, and Category 1 Venture Capital Fund (VCF).

The former is a Rs 1,000 crore fund, with a green shoe option of an additional Rs 200 crore.

Ahead of Republic Day, Delhi Police is hunting for four other terror suspects, besides the two who were arrested last week from the Jahangirpuri area in the national capital, sources said on Tuesday.

According to the Delhi Police Special Cell sources, the terror suspects recieved weapons from Pakistan through the drop-dead method and were in touch with their handlers on the other side of the border through a social media app.

Shares of Nykaa's parent company - FSN E-Commerce Ventures - hit a new all-time low of Rs 132.55, down 5.5 per cent on the BSE in Tuesday’s intra-day trade, in an otherwise firm market. In the past two days, the stock has plunged 10 per cent, while it has slipped 15 per cent in the past four trading days.

At 11:07 AM, Nykaa was quoting 4.5 per cent lower at Rs 133.90, as compared to 0.51 per cent rise in the S&P BSE Sensex.

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