Buisiness

Elon Musk-founded Tesla has discontinued accepting fresh orders for its Model S and Model X vehicles via its Chinese website, as reported by Reuters on Friday, amid escalating trade tensions between the world’s leading economies.Customers can no longer place orders for these imported models through Tesla’s WeChat mini programme account. Both vehicles are manufactured in…

Bernstein has initiated its coverage on Vishal Mega Mart with an ‘underperform’ rating and a target price of Rs 90. Analysts said the company has built the lowest cost offline retail distribution in India with 47% of stores having no other value retailer nearby. They, however, feel that Vishal Mega Mart will face increasing competition…

BENGALURU: Byju’s Alpha, a US-based financing arm of the edtech firm, said on Thursday that it filed a lawsuit in a US court against its co-founders Byju Raveendran and Divya Gokulnath, and former chief strategy officer and senior executive Anita Kishore. The complaint accuses them of engineering a fraudulent scheme to transfer $533 million in…

NEW DELHI: Tatas-owned Jaguar Land Rover (JLR) entered the Top 3 luxury car ranking by surging ahead of German Audi, with the category crossing the psychological 50,000-unit mark in FY25 for the first time by registering 3% growth in the financial year.While sales have started to slow down from Jan-March ’25 quarter as the stock…

MUMBAI: Former India captain Virat Kohli has ended his long association with German sports brand Puma to join Agilitas as an investor, sources told TOI. Kohli had inked an eight-year contract with Puma as its brand ambassador in 2017 in a deal pegged at about Rs 110 crore. The cricketer, sources said, declined to extend…

BENGALURU: TCS CEO K Krithivasan indicated caution mixed with optimism regarding the current demand environment even as the IT major crossed the $30-billion revenue milestone in FY25. For FY25, TCS’s revenue grew by 4.2% in constant currency compared to 3.4% in the previous year. However, for the March quarter, growth significantly slowed to 2.5% from…

NEW DELHI: Funds managed by BlackRock, the global investment behemoth, emerged as the largest subscribers of the $750-million private bond issuance by the Adani Group.The US-based asset manager, overseeing $12 trillion in assets, has taken on one-third of the $750 million issuance, which carries a tenure of 3-5 years, sources with direct knowledge of the…

NEW DELHI: India’s GDP growth forecast for 2025 has been revised downwards to 6.1% from the earlier 6.4%, citing the impact of the US tariffs if they are implemented fully after the 90-day freeze announced by US President Donald Trump, Moody’s Analytics said on Thursday.But it also said that it expects overall growth to be…

NEW DELHI: The Delhi government’s proposed move to banish auto-rickshaws —‘autos’ in common parlance — running on CNG (compressed natural gas) has sent shock waves through the city gas distribution industry as it can set off a domino effect, threatening the viability of massive investments in existing and under-construction networks throughout the country if other…

NEW DELHI: Essar group venture GreenLine Mobility Solutions Ltd, India’s sole operator of LNG- and electric-powered heavy commercial trucks, has announced a $275 million equity investment, to accelerate the decarbonisation of heavy trucking in India.The invesetment includes $20 million from Nikhil Kamath, marking a significant boost to transformation of India’s logistics, the company said on…