Shares of Lordstown tumbled 35% in trading on the Nasdaq. The company’s bankruptcy is not the first among the crop of EV startups that went public during the pandemic-era SPAC boom. But Lordstown was a high-profile member of that class because it was challenging the core of the legacy Detroit … Read more
Category: Business and Finance
Tata Nexon EV crosses 50,000 sales mark, covers 90 crore km distance in over 3 years
The Nexon EV is currently available in over 500 cities across India and has covered a distance of over 900 million kilometers Tata Motors has announced that its popular electric vehicle (EV), the Nexon EV, has achieved a significant milestone by surpassing the 50,000 sales mark. Since its launch in … Read more
Bank holidays July 2023: Banks to remain closed on 15 days THIS month; check details here
Bank holidays in July: As per the Reserve Bank of India’s (RBI) list of holidays, 8 holidays are state-specific holidays for different festivals across different states and others are weekend holidays. Public and private sector banks will remain shut for 15 days in July this year. In addition to weekends, … Read more
HDFC says effective date of July 1 for merger with HDFC Bank is ‘ tentative’
The housing finance firm said the dates for merger with HDFC Bank and record date are ‘subject to the completion of certain formalities’ Housing Development Finance Corporation Ltd on Tuesday clarified that the effective dates of July 1 for its merger with HDFC Bank Ltd and July 13 as record date are … Read more
Nissan investigates claims CEO put deputy Ashwani Gupta under surveillance
Nada said it was an effort to acquire leverage to remove an executive and board member the Nissan chief executive regarded as an obstacle to reaching a new deal with alliance partner Renault. Nissan has launched an investigation into claims by a senior adviser that Chief Executive Makoto Uchida carried … Read more
Jio, Airtel see drop in new mobile subscribers in February: Trai data
According to the data, Jio added over 1 million mobile subscribers in February, which was its lowest addition in the last five months. On the other hand, Airtel added 0.98 million subscribers, which is its lowest in the last three months. Telecom operators Reliance Jio and Bharti Airtel have witnessed … Read more
TCS, Infosys, Wipro: How have IT majors fared in terms of variable pay for Q4 FY23
TCS, Infosys, Wipro: The variable pay in IT services companies depends on the company’s overall performance, along with the performance of individual employees. Indian IT services companies announced their Q4 FY 2022-23 results last month, post which they announced variable pay, or performance payouts, to their employees. The variable pay … Read more
State Bank of India keeps its home loan rates unchanged. Here’s how to check your applicable interest rate
SBI’s overnight MCLR rate is 7.90 per cent, while the rate for one-month and three-month tenure is 8.10 per cent. The country’s largest bank, State Bank of India (SBI) has recently tweaked its marginal cost of lending rates (MCLR) even though many banks have revised their lending rates. SBI has kept its … Read more