Electric vehicles have made major gains in terms of how far a single charge will take you. A new analysis finds EVs still lag behind gas cars in terms of retail cost per mile of range. If trends of recent years continue, EVs could catch up around 2025, but major challenges remain. Something is loading. … Read more
The pharmaceutical sector in the country can grow to USD 130 billion by 2030, industry captains said on Friday. He, along with other industry leaders, participated in a ‘CEOs Conclave’ as part of ‘BioAsia 2022’, the Telangana government’s flagship annual life sciences convention that concluded on Friday. “I think USD 130 billion by 2030 is … Read more
The surge in oil prices in the wake of Russia-Ukraine conflict has the potential to upset the government math, which will inhibit its ability to pump-prime economic recovery, and raise the cost of living for people. Global benchmark Brent crude spiked to $105 a barrel — breaching the $100-mark for the first time since August … Read more
When the United States barred Americans from doing business with Russian banks, oil and gas developers and other companies in 2014, after the country’s invasion of Crimea, the hit to Russia’s economy was swift and immense. Economists estimated that sanctions imposed by Western nations cost Russia $50 billion a year. Since then, the global market … Read more
The Department of Justice is exploring if they can charge stock market short-sellers with the same law used to prosecute the mafia, according to a Reuters report. Several short-selling research firms have been on the DOJ’s radar as they investigate illegal trading tactics. Subpoenas have been sent to dozens of firms, including Citron Research and … Read more
British telecom giant Vodafone is in discussions to sell around five per cent stake in Indus Towers to Bharti Airtel, according to industry sources. When contacted, Vodafone refused to comment on the matter. Vodafone currently holds about 28 per cent in Indus Towers. The industry sources said that Vodafone is in talks to sell its … Read more
Crompton Greaves Consumer Electricals (CGCE) has announced acquiring a controlling stake in Butterfly Gandhimathi Appliances (BGA). Key points to note: CGCE is acquiring 55% stake from BGA’s promoter group @ Rs 1,403/ share Consideration value for this tranche comes to Rs 1,379.68 crore Promoters total stake in BGA is currently 64.78%. Balance not selling may … Read more