In June, Volvo Cars has announced that Polestar, its performance car arm, will become a separately-branded electrified global high performance car company. On Thursday, the new Polestar revealed its future as a standalone electric performance brand. It confirmed plans for its first three models, a new purpose-built production facility in China and a customer-focused route to market that, it says, will set an industry benchmark for performance vehicles. Polestar unveiled the 600bhp Polestar 1, its first car, which is set to roll off the production line in mid-2019.

Disinvestment-bound Air India has sought proposals for short term loans worth Rs 1,500 crore to meet “urgent” working capital needs, according to a document. This is the second time in little over a month that the flagship carrier has floated tenders for short tenure loans even as the government is working on the modalities for the stake sale. The debt-laden carrier, which is surviving on taxpayers’ money, is battling multiple headwinds, including financial woes and stiff competition. In a document issued on October 18, Air India said it is looking for “government guarantee backed Indian Rupee short term loans totalling up to Rs 1,500 crore to meet its urgent working capital requirements”.

As India celebrates the Diwali weekend with a bundle of festivities, the domestic equity markets yesterday lost over half a percent in just an hour trade with much heavier volumes than usual. Indian stock markets opened in a special Muhurat Trading session on Thursday to mark the auspicious occasion of Diwali, beginning of Samvat 2074. In an interview to ET Now, BSE CEO Ashishkumar Chauhan said that the exchange’s perspective has always been higher on investment side than on speculation.

More than 24,000 branches and 42 crore customers make the State Bank of India the goliath of all banks by sheer size and physical presence but its new chairman Rajnish Kumar is worried about the competition from nimble fintech companies.

“Today, the risk is the disruption that is caused by the technology ,“ Rajnish Kumar, chairman, State Bank of India told ET in an interview. “We have to be very alert to this challenge. Protecting the turf and meeting the challenges from all the new fintech companies is the priority .“

Pollution is killing millions of people worldwide, mostly through the diseases it causes including heart conditions, strokes and lung cancer, according to a large international study.

Almost all pollution-related deaths - around 92 percent - are in poor or middle-income countries, the research found. And in rapidly industrialising countries such as India, Pakistan, China, Bangladesh, Madagascar, pollution is linked to as many as a quarter of all fatalities.

The US Department of Commerce said on Thursday it had begun an investigation into whether imports of Polytetrafluoroethylene (PTFE) resin from India and China were being dumped on the US market.

The department said it was also initiating a countervailing duty (CVD) investigation to determine whether producers of PTFE resin in India are receiving unfair subsidies.

BSNL's Xgenplus Security Features is available at just Re 1 per day. Here's what it is.

On the occasion of Diwali, state-run telecom firm BSNL announced a new anti-virus, anti-spamming, and anti-hacking plan for its subscribers. The secured email services called ‘Xgenplus Security Features’ is available at just Re 1 per day. The telecom operator had started its corporate e-mail service in partnership with a Jaipur-based company called Data Infosys. BSNL, in a statement, had said that the offer is for “users’ e-mail services to ensure privacy and security of their data”.

Ashok Leyland, Finolex Industries, Havells India, NBCC (India), NIIT Technologies and Petronet LNG are among 21 stocks from the S&P BSE500 index hit new highs today.

Reliance Industries (RIL), Kotak Mahindra Bank, Adani Transmission, Hindalco Industries and Indraprastha Gas are among 21 stocks from the S&P BSE500 index, which hit their respective new highs on the BSE on Wednesday in an otherwise weak market.

Arun Kumar Singh, executive director, retail, BPCL, told FE, that they expect the safety clearance to come in next one month and the online retailing to start by December-end.

Inspired by the online and e-commerce boom in the country, oil marketing companies — Indian Oil, HPCL and BPCL — are planning to start online retailing of diesel to cater to the rural customers and commercial establishments helping them save time and improve their productivity.

Reliance Industries may look at exiting its US shale assets, provided it gets fair value similar to Carrizo asset sold earlier this month, even as the company faces the challenges of low price environment.

Reliance Industries may look at exiting its US shale assets, provided it gets fair value similar to Carrizo asset sold earlier this month, even as the company faces the challenges of low price environment.

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