Kenyan court halts Adani's proposal for Nairobi airport
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Gadkari: EVs may not need subsidies in 2 years
Nitin Gadkari, the road transport minister, indicated that electric vehicles could be subsidy-free within two years as their prices are expected to equal those of petrol and diesel vehicles due to declining battery costs. He emphasized consumer choice and highlighted issues related to fuel import bills and pollution from internal combustion engine vehicles. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KYnfBw0
SpiceJet's Ajay Singh may sell over 10 pc stake in airline to raise funds
Ajay Singh, chairman of SpiceJet, may sell over 10% of his stake in the airline as part of a funding round aimed at raising up to Rs 3,200 crore. This move seeks to address financial challenges and operational needs. The funding round is anticipated to be completed by the end of September. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dwXEhGg
Rivals need to invest in EV tech: Ola CEO
Ola Electric's CEO Bhavish Aggarwal emphasizes his company's lead in the electric two-wheeler sector, urging competitors to invest in technology and cease traditional scooter production. He notes Ola's profitability and infrastructure readiness, with plans for expanding dealerships, launching motorbikes, and potentially entering the three-wheeler market by leveraging existing driver relationships. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sXmrwcd
It’s raining IPOs on D-Street. 16 offers eye Rs 9k cr this week
Dalal Street investors will have the opportunity to invest in 16 IPOs next week, aiming to raise nearly Rs 9,000 crore. Bajaj Housing Finance's IPO is the largest at Rs 6,560 crore. Key factors for this surge include substantial investor liquidity and regulatory changes, as noted by Pantomath Capital Advisors. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/e2YqNQD
Air India reports a 60 per cent reduction in losses in FY24
Air India has reduced its losses by 60 per cent to Rs 4,444.10 crore in FY24 compared to Rs 11,387.96 crore in FY23. The airline's turnover increased by 23.69 per cent to Rs 38,812 crore during the same period. Tata Group is merging AirAsia India with Air India Express and Vistara with Air India. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Dd6myVE
AAP terms GST on research grants 'tax terrorism', demands withdrawal
The Aam Aadmi Party criticized the BJP-led central government for imposing GST on research grants, describing it as "tax terrorism". They called for its withdrawal, claiming it stifles innovation and progress. Notices have been issued to institutes such as IIT Delhi, demanding GST on grants received since 2017. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mJFZejW