New Delhi: Tata Motors on Thursday said it will launch Nexon EV in the fourth quarter of the current fiscal, with price expected to be in the range of Rs 15-17 lakh.

The vehicle will be powered by the company's recently introduced Ziptron Technology.

Mumbai: The Reserve Bank of India is likely to go for yet another rate cut on Friday, the fifth in a row, as inflation is within the comfort zone and the need to boost the economy is pressing.

RBI Governor Shaktikanta Das has already hinted that benign inflation provides room for further monetary policy easing while space for fiscal space is limited.

The government wants to start the process of the strategic sale, or privatisation, of BPCL by the end of November and complete the exercise before the end of this fiscal. The PSU is likely to draw the attention of global giants such as Saudi Aramco and Abu Dhabi National Oil Company (Adnoc), who are keen to enter the world's fastest-growing fuel retail market.

Mahindra & Mahindra (M&M) on Tuesday has announced the acquisition of a majority stake in a wholly-owned arm of Ford Motor Co (FMC) that will take over the automotive business of the US auto major in India. The majority stake has been acquired as a going concern on a slump-sale basis for Rs 657 crore, an M&M release said.

Mumbai: Bharti Airtel promoter Sunil Mittal, who currently holds an 8% stake in CG Power and Industrial Solutions Ltd, is likely to infuse capital into the fraud hit company as he looks to lead efforts to turn around the company, said two people aware of the matter.

Mittal held 8.3% in the company through an entity Bharti (SBM) Holdings Pvt. Ltd, as of 30 June.

New Delhi: Railways Minister Piyush Goyal on Thursday said that Indian Railways will connect the country from Kashmir to Kanyakumari before August 15, 2022.

"Katra to Banihar section is being constructed quickly and work on Chenab bridge is underway. Soon Indian Railways will connect the country from Kashmir to Kanyakumari before August 15th, 2022.

Indian homes are steadily warming up to smart speakers. Walk into any modern household in a metro city and chances are you will get to hear the residents issuing voice commands such as “Alexa, play top Hindi songs,” “Alexa, turn on the lights,” or “Alexa, Wake me up at 6 am”. Thanks to Amazon’s Alexa-powered smart speakers, the Jeff Bezos-owned firm now has quite a formidable Echo family of devices—Echo Input, Echo Dot, Echo, Echo Spot, Echo Plus, and Echo Show.

Equity indices were in the negative territory during early hours on Thursday amid weak global cues.

At 11:10 am, the BSE S&P Sensex was down by over 200 points at 38,093 while the Nifty 50 slipped by 54.85 points to 11,305.05.

Shares of YES Bank surged 29 per cent to Rs 41.30 on the National Stock Exchange (NSE) in the early morning deals on Thursday after the bank assured investors of a stable financial position, and said that the entire pledged shares stand extinguished.

"The financial and operating metrics remain intrinsically sound and stable, with liquidity position well in excess of regulatory requirements... With the invocation of shares, the entire pledge stands extinguished and all sale under the same duly completed," the bank said in a statement.

The rupee on Thursday opened 15 paise lower at 71.22 against the US dollar amid rebound in crude oil prices and concerns over economic growth. The domestic unit on Tuesday dropped 20 paise to close at 71.07 as heavy selling in domestic equities, unabated foreign fund outflows kept investors edgy.

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