MUMBAI: Existing shareholders in four companies are planning to sell their stakes through block trades on Wednesday, aiming to mobilise about Rs 3,500 crore, sources said. Private equity major TPG is selling its entire 2.1% stake in Tata Technologies, which could fetch about Rs 630 crore. Through another block trade, CA Dawn Investments, an arm…
BENGALURU: A new wave of startups and financiers is reshaping how electric commercial vehicles (EVs) are funded in India, as early signs of scale emerge in a segment once seen as too niche or risky for institutional capital.From battery subscription models to flexible EMIs and first-loss guarantee partnerships, lenders are adapting financing structures to match…
LONDON : A top Kremlin official on Monday scoffed at a report that Russia could be involved in recent arson attacks on the private home of British Prime Minister Keir Starmer, a building where he once lived and a car that he had owned. Kremlin spokesman Dmitry Peskov was responding to a Financial Times report…
The rupee appreciated by 27 paise to settle at 84.30 against the US dollar on Monday, buoyed by a sharp fall in crude oil prices and strong domestic equity performance. Forex traders said sustained foreign investor inflows also supported the local currency, though global uncertainties limited the upside.At the interbank foreign exchange market, the rupee…
US President Donald Trump (left) and Canadian PM Mark Carney (AP) US President Donald Trump came down hard on Canada over its decision to impose a Digital Services Tax (DST) on American technology companies, calling it a “direct and blatant attack” on the United States. In a post on his social media platform Truth Social,…
University of Florida (File Photo AP) The University of Florida’s presidential search committee unanimously recommended Dr Santa J Ono, current president of the University of Michigan, as the sole finalist to become UF’s 14th president. The announcement, made Sunday, follows a comprehensive nationwide search and positions Ono to lead Florida’s flagship public university pending approval…
NEW DELHI: Niti Aayog, government’s policy think tank, recommended the introduction of a dedicated financing scheme to allow medium enterprises to avail loans at concessional rates. It also backed a credit card for such units with a Rs 5 crore limit for emergency needs.The report, released on Monday, stated that the scheme should be under…
Donald Trump is a red lightsaber-wielding character in White House’s Star Wars day post. After Pope, Donald Trump has been imagined as a Star Wars character, a conqueror of evil but with a red lightsabers, in the AI wish of the Wgite House on the Star Wars Day. “Happy May the 4th to all, including…
Mark Rubio and Mike Waltz (File Images) After removing Mike Waltz from the position of National Security Advisor, the Trump administration appointed secretary of state Marco Rubio, but as an “interim.” And Mike Waltz is still in the administration. On Thursday, US President Donald Trump said that in the interim, Rubio will serve as national…
Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its first showroom in India next week. The new showroom for Tesla’s electric cars will open in Mumbai on July 15, according to a Reuters report….
