Tesla sues Swedish government after postal workers allegedly block license plate deliveries.
Tesla filed a lawsuit against the Swedish Transport Agency on Monday after postal workers began to block deliveries of license plates for the company’s cars. Swedish postal workers blocked Tesla license plate deliveries…
Flying taxi firm Lilium receives EU approval for its electric jets
Lilium, a German air taxi firm, has received regulatory approval to design and operate its electric vertical takeoff and landing vehicles, the company said Monday. Lilium was awarded “Design Organization…
Apple iPhone maker Foxconn to invest $1.5 billion in India as it looks to build beyond China
Foxconn Technology will invest more than $1.5 billion in an Indian construction project to fulfill the Apple supplier’s “operational needs,” the company announced in Taiwanese security filings Monday. The $1.541 billion investment was…
BharatPe turns EBITDA positive; clocks October 2023 as the first profitable month
Fintech unicorn BharatPe on Tuesday announced that it has turned EBITDA positive in October with annualised revenue crossing Rs 1,500 crore. Without giving out the actual number, BharatPe in a…
Automobile retail sales soar to record high in festive season this year: FADA
Automobile sales in India rose to a record high this festive season, driven by robust demand, with all segments, except for tractors, reporting year-on-year growth, dealers' body FADA said on…
Adani group looking to exit FMCG joint venture with Wilmar
Twenty years after it sold its edible oil plant in Andhra Pradesh to Adani Wilmar, there is a growing buzz that the Kolkata-based ITC may be looking at a possible re-entry…
New Zealand to scrap anti-smoking law, experts say ‘huge loss for public health’
New Zealand's incoming conservative government will jettison world-leading measures to stub out smoking, new Prime Minister Christopher Luxon confirmed Monday, in a move described by health campaigners as a "huge…
China’s respiratory illness surge not as high as before Covid-19 pandemic: WHO
The spike in respiratory illnesses that China is currently going through is not as high as before the Covid-19 pandemic, a World Health Organisation (WHO) official said, reiterating that no new or…
Economists estimate Q2 GDP growth rate at 6.7-7% on services, govt capex progress
A pickup in services, strong government-led capital expenditure and an uptick in consumption-oriented sectors, especially high-end consumption, has supported growth in the July-September quarter, with economists pegging Gross Domestic Product…
Maruti Suzuki to hike prices of cars from January due to increased cost pressure
Maruti Suzuki, India's largest automaker, on Monday said that it plans to increase the prices of its cars from January 2024 due to rising commodity costs and overall inflation. "The…
