Tata Motors, which dominates the electric passenger vehicles space in India with a market share of around 85 per cent, is likely to face challenges this year from two Chinese companies looking to acquire one-third of the domestic EV market, The Financial Express reported on Tuesday.

The Chinese-owned British brand MG Motor and China's biggest EV maker BYD are ramping up their operations to dent the Indian giant's dominance in the emerging sector.

In a bid to expand the cloud infrastructure to cater to the growing demand in India, tech giant Google has signed a deal with Raiden Infotech India to pick up a data centre spread over 381,000 sq ft in Navi Mumbai through a lease of 28 years, a report by The Economic Times said.

Alphabet Inc's company will pay Rs 1,144 crore over first 10 years with a rental escalataion of 1.75 per cent every 12 years. Earlier, it had acquired a 464,000 sq ft facility at Adani Centre in Noida on a 10-year lease.

Pharmaceutical firm Lupin on Monday said it has received tentative approval from the US health regulator to market its generic version of Dolutegravir and Rilpivirine tablets used in treatment of HIV infection.

The tentative approval granted by the US Food and Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) of Dolutegravir and Rilpivirine tablets of strength 50 mg/25 mg, Lupin said in a regulatory filing.

Gold prices rose on Tuesday by Rs 210, with 10 grams of the yellow metal (24-carat) trading at Rs 56,950. Silver price also rose by Rs 150 per kilogram from yesterday's close. The precious metal was selling at Rs 72,900 per kg.

The price of 22-carat gold rose Rs 190 from yesterday's close to Rs 52,200, according to the GoodReturns website.

Shares of Archean Chemical Industries (ACIL) hit a new high of Rs 612.70 as they rallied 7 per cent on the BSE in Friday's intra-day trade in an otherwise subdued market. The stock of the specialty chemicals company was trading at its highest level since its listing on November 21, 2022. In comparison, the S&P BSE Sensex was down 0.22 per cent at 59,826 at 11:15 AM.

With today's gain, the stock price of ACIL has surged 51 per cent against its issue price of Rs 407 per share.

Ratan Tata, chairman of Tata Trusts, has set up another personal endowment trust, The Economic Times reported on Friday. It cited legal experts as saying that the aim behind creating the Ratan Tata Endowment Foundation could be estate planning, with the proceeds from the corpus likely to go to charities.

The trust was incorporated in September and it has Raghvan Ramachandra Shastri and Burzis Shapur Taraporevala as directors.

Electric vehicle maker Tesla cut the prices of its top-selling vehicles for the US market on Friday, news agency Reuters said. The automaker's website showed the price cuts on the Model 3 and Model Y, ranging between 6 per cent and 20 per cent on the prices that were held before the discount.

This comes after the company announced another round of price cuts in China earlier this month.

Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial officer of its auto unit told Reuters in an interview.

With total sales of 50,000 electric cars to date, India's Tata Motors dominates the country's EV market and has outlined plans to launch 10 electric models by March 2026. The company expects electric models to make up a quarter of its total sales by 2025 from around 8% now.

After its free live streaming of FIFA World Cup on the JioCinema app last year, Reliance is reportedly looking to disrupt the live sports streaming market as it plans to do digital broadcast of the 2023 season of Indian Premier League (IPL) for free.

This development comes after Viacom18 tested a similar model, broadcasting the FIFA World Cup 2022 for free on Reliance's JioCinema App. The matches were streamed on the app, as well as on TV channels such as Sports18 and Sports18 HD, making it a hit.

Godrej Properties on Friday said it has acquired a 60-acre land in Chennai to develop a residential project, as it seeks to expand business amid rise in housing demand.

In a regulatory filing, the company informed that it has purchased the land on an outright basis in the micro market of Oragadam Junction, Chennai.

The company did not disclose the deal value.

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