BUSINESS
Tesla posts $3bn in profit, aims 1.5mn cars this year
In the first quarter, Tesla produced more than 305,000 vehicles and delivered more than 310,000 vehicles. The company said it delivered 295,324 Model 3 and Model Y vehicles, while 14,724 were for the Model S and X. On an earnings call with analysts late on Tuesday, Musk predicted that the electric car-maker would be able to ramp up production and produce 1.5 million cars this year.
Economic slowdown: Sitharaman calls for 'proactive collective efforts' by G-20
Addressing fellow ministers and central bank heads of the G-20 member countries, the minister attributed the slowdown to "prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty", according to a series of Twitter posts by the Ministry of Finance.
India's growth story continues despite Covid; more people turning into 'job creators
The increase is significant considering that number of companies incorporated during Financial Year 2020-21 were the highest in any of the previous years. The MCA had registered 1.55 lakh companies in 2020-2021. The incorporations during FY 2021-22 are 8 per cent more than the incorporations during FY 2020-21. While MCA had registered 1.24 lakh companies during FY 2018-19 and 1.22 lakh companies in 2019-20 respectively, it had registered 1.55 Lakh companies during FY 2020-21.
RIIL's Q4FY22 consolidated net profit down 64.6% YoY
The company's net profit during the quarter under review declined to Rs 1.06 crore from Rs 3 crore in the corresponding period of the previous fiscal. However, the company's total income, which includes 'other income', rose to Rs 19.65 crore from Rs 18.88 crore reported for Q4FY21.
EPFO adds 14.12 lakh net subscribers in February
According to the Ministry of Labour and Employment, the month-on-month comparison of payroll data reflects a slight increase of 31,826 net subscribers in February compared to the previous month. On a year-on-year comparison, February 2022 saw an increase of 1,74,314 as compared to the net subscriber addition in corresponding month of 2021. There is consistent increase in the net subscriber addition since October 2021, showcasing trust in the services rendered by the organisation.
India's non-basmati rice exports grows 109% from FY2013-14 to FY2021-22
As per the data from Director General of Commercial Intelligence and Statistics (DGCIS), Kolkata, India exported non-basmati rice worth $2,015 million in 2019-20, which rose to $4,799 million in 2020-21 and $6,115 million in 2021-22. India exported rice to over 150 countries in 2021-22, of which 76 countries were sent non-basmati rice worth more than $1 million in 2021-22, indicating the diversification of rice export basket over the years, the government officials said.
Keeping opening session gains intact, indices settle high
With the day's rise, the indices broke the five day losing streak. In the past five sessions, the Sensex and Nifty declined almost 4 per cent each, data showed. On Wednesday, Sensex settled at 57,038 points, up 574 points or 1.02 per cent, whereas Nifty was at 17,137 points, up 178 points or 1.05 per cent.
India must manufacture more mobile tempered glass screens to counter China
"Tempered glass should be brought under the CRO (Compulsory Registration Order (CRO) regime so that proper standardisation sets in. This will move the market to the organised sector, in the same line as the mobile accessories like chargers, batteries, tempered glass, hearables, and wearables," the findings showed.
Recent malware attack had no bearing on operations: Oil India
The state-owned company had suffered a major cyber-attack in its field headquarters in eastern Assam's Duliajan, with the hacker demanding $75,00,000, IANS reported on April 13. After receipt of the report of malware threat, precautionary measures were taken by the company, it said in a regulatory filing to the exchanges.
Gautam Adani promises Rs 10,000 cr investment in West Bengal
He made this announcement while addressing the inaugural session of the Bengal Global Business Summit (BGBS)-2022, the annual event organised by the West Bengal government to showcase the state as an ideal investment destination.
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