According to Vahan data, total registrations of battery-powered vehicles in Sept stood at 1.82 lakh units, down 3% from 1.88 lakh units in August. (AI image) Chennai: Registrations of electric vehicles (EVs) witnessed a mixed trend in Sept 2025. While overall numbers for the first half of this fiscal crossed the one million mark, the…
India’s market for pre-owned luxury goods is seeing unprecedented growth, with both online and offline retailers reporting rising sales of classic luxury items this year.Arjun Singh Hira, founder of chronoseconds.com, a platform for pre-owned luxury watches, recorded his largest single sale last month when a billionaire from a tier-II city purchased watches worth Rs 1.6…
Divorces are not just the end of a marriage, but also the beginning of a storm. Beyond the annulment lawyer’s office lies an ocean of emotions, with equal amounts of gloom and anger. Adding to the misery comes a financial slap for both ex-spouses. While men scramble to arrange alimony, women often face upheaval, relocating…
Asian stocks mostly rose on Friday, as investors ended the week on a positive note, with hopes of US interest rate cuts outweighing worries over a government shutdown.Japan’s Nikkei jumped 721 points or 1.6% reaching 45,675. Kospi also traded 2.7% higher, gaining 93 points to 3,549.Shanghai and Shenzhen also added 0.5% and 0.3% respectively.HSI, on…
MUMBAI: Less than one out of 10 households in India (9.5%) invest in securities market-related financial products like stocks and mutual funds, a Sebi survey showed. This is despite 63% of the country’s total 33.7 crore households knowing about at least one of these products.Among states, nearly 21% of households in Delhi invest in securities…
BENGALURU: American tech firm Natsoft and its subsidiary Updraft have sued Mumbai-based Hexaware Technologies in the US for $500 million for patent infringement.The plaintiffs allege that Hexaware’s flagship modernization platforms — RapidX, Amaze, and Tensai/ATOP — illegally incorporate Natsoft’s patented technologies covering automated code testing, business-rule extraction, code generation, and legacy modernisation.Plaintiffs alleged that Hexaware…
MUMBAI: Abu Dhabi’s ruling family-owned International Holding Company (IHC) will acquire a 41.2% stake in Sammaan Capital (formerly Indiabulls Housing) for Rs 8,850 crore. At about $1 billion, this is the largest foreign investment in India’s NBFC space.The investment will be made through preferential allotment of equity and warrants at Rs 139 per share, below…
Piyush Goyal meets Airbus board led by chairman René Obermann to India NEW DELHI: Commerce and Industry Minister Piyush Goyal conducted meetings with Airbus Board members, headed by Chairman Rene Obermann, discussing investment prospects and related matters in India.“Welcomed the @Airbus Board, led by their Chairman, Mr. René Obermann to India. We had an engaging…
NEW DELHI: Govt’s efforts to deepen the Indian component ecosystem for electronics has received a massive boost with domestic and international companies putting in applications for investing over Rs 1.1 lakh crore in new projects – almost twice to the original target – which have the potential to result in creating incremental production to the…
The Finance Ministry announced on Thursday that the Department of Revenue (DoR) will conduct a fair and transparent investigation following the allegations by Wintrack Inc (Chennai) of “corruption and harassment” against Chennai Customs. The ministry confirmed that the matter is receiving serious attention.The ministry communicated the government’s action through X saying, “The Government has taken…