[ad_1] Elon Musk-founded Tesla has discontinued accepting fresh orders for its Model S and Model X vehicles via its Chinese website, as reported by Reuters on Friday, amid escalating trade tensions between the world’s leading economies.Customers can no longer place orders for these imported models through Tesla’s WeChat mini programme account. Both vehicles are manufactured…
[ad_1] NEW DELHI: Funds managed by BlackRock, the global investment behemoth, emerged as the largest subscribers of the $750-million private bond issuance by the Adani Group.The US-based asset manager, overseeing $12 trillion in assets, has taken on one-third of the $750 million issuance, which carries a tenure of 3-5 years, sources with direct knowledge of…
[ad_1] Bernstein has initiated its coverage on Vishal Mega Mart with an ‘underperform’ rating and a target price of Rs 90. Analysts said the company has built the lowest cost offline retail distribution in India with 47% of stores having no other value retailer nearby. They, however, feel that Vishal Mega Mart will face increasing…
[ad_1] MUMBAI: Former India captain Virat Kohli has ended his long association with German sports brand Puma to join Agilitas as an investor, sources told TOI. Kohli had inked an eight-year contract with Puma as its brand ambassador in 2017 in a deal pegged at about Rs 110 crore. The cricketer, sources said, declined to…
[ad_1] BENGALURU: TCS CEO K Krithivasan indicated caution mixed with optimism regarding the current demand environment even as the IT major crossed the $30-billion revenue milestone in FY25. For FY25, TCS’s revenue grew by 4.2% in constant currency compared to 3.4% in the previous year. However, for the March quarter, growth significantly slowed to 2.5%…
[ad_1] NEW DELHI: India’s GDP growth forecast for 2025 has been revised downwards to 6.1% from the earlier 6.4%, citing the impact of the US tariffs if they are implemented fully after the 90-day freeze announced by US President Donald Trump, Moody’s Analytics said on Thursday.But it also said that it expects overall growth to…
[ad_1] NEW DELHI: Essar group venture GreenLine Mobility Solutions Ltd, India’s sole operator of LNG- and electric-powered heavy commercial trucks, has announced a $275 million equity investment, to accelerate the decarbonisation of heavy trucking in India.The invesetment includes $20 million from Nikhil Kamath, marking a significant boost to transformation of India’s logistics, the company said…
[ad_1] NEW DELHI: Italian powerhouse Prada announced Thursday it will acquire flamboyant rival Versace from US-based Capri Holdings in a €1.25 billion (over Rs 12,000 crore) deal, a move poised to reshape the balance of power in high fashion.The deal, set to close in the second half of 2025, creates an Italian luxury giant with…
[ad_1] NEW DELHI: India’s largest IT services firm, Tata Consultancy Services (TCS), reported a marginal 1.68% drop in consolidated net profit to Rs 12,224 crore for the quarter ended March 2025. The company’s revenue stood at Rs 64,479 crore in Q4 FY25, a 5.3% increase year-on-year, signaling moderate growth as global economic uncertainty continues to…
[ad_1] US President Donald Trump wants other countries to import more American beef and poultry. Several countries have restricted importing these products for decades because they don’t meet their food safety regulations.In an announcement on April 2, Trump called out Australian restrictions on US beef, saying: “We imported $3 billion [€2.7 billion] of Australian beef…
