China and India have made "great positive progress to resolve the border standoff, with both sides maintaining close communication, a senior foreign ministry official said here on Friday.

The foreign ministry spokesperson Mao Ning's remarks were further elaboration on China's reaction to Prime Minister Narendra Modi's recent statement in which he said that for New Delhi, ties with Beijing are important and the "prolonged situation" at the borders should be addressed urgently.

Mitsubishi UFJ Financial Group Inc. is in talks to acquire a roughly $1.7 billion stake in HDFC Bank Ltd.’s consumer lending unit to tap booming demand for personal finance loans in India, people familiar with the matter said.

Japan’s biggest lender is nearing the purchase of a 20 per cent stake in HDB Financial Services Ltd., which offers personal, gold and auto loans, said the people, who asked not to be named because the information is private. It would mark one of the biggest financial sector deals involving lenders of the two countries.

Shares of Hindustan Zinc hit a new high of Rs 434.80, as they rallied 8 per cent on the BSE in Friday’s intra-day trade in an otherwise weak market amid back of heavy volumes.

Thus far in the month of April, in nine trading days, the stock of the metal company has zoomed 49 per cent.

The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath's Deccan Charters till April 26, 2024, its next date of hearing.

Earlier, the Bengaluru bench of the National Company Law Tribunal (NCLT) had directed initiation of Corporate Insolvency Resolution Process (CIRP), admitting a plea of financial creditor Krone Finstock claiming a default of around Rs 10 crore.

In an anti-climax of sorts regarding environmental conservation efforts and carbon emission reduction, a recent report has revealed an unsettling trend: India's consumption of petrol has more than doubled over the past decade, while diesel consumption has risen by approximately one-third, The Economic Times reported.

Overall, oil demand has surged by fifty per cent. Data from the Petroleum and Natural Gas Ministry indicates that between 2013-14 and 2023-24, annual petrol consumption skyrocketed by 117 per cent, diesel by 31 per cent, aviation turbine fuel by 50 per cent, and LPG by 82 per cent, the report claimed.

Delhi Chief Minister and Aam Aadmi Party (AAP) supremo Arvind Kejriwal has moved the Supreme Court (SC) against the Delhi High Court's order rejecting his petition against his arrest in the liquor policy case.

On Tuesday, after the Delhi High Court dismissed Kejriwal's plea against his arrest by the Enforcement Directorate (ED), his counsel, Rishikesh Kumar, stated that they were well within their rights to challenge the ruling.

Ride-hailing firm Ola Cabs is exiting all of its international markets, which include the United Kingdom, Australia, and New Zealand, as it focuses on the Indian market and growing its electric vehicle (EV) fleet.

An Ola Mobility spokesperson shared in a statement that the ride-hailing business is growing rapidly in India, where they are profitable and are segment leaders.

At least 15 people were killed and more than a dozen injured -- all employees of a private firm -- as the bus they were travelling in fell into a 'murum' soil mine pit in Chhattisgarh's Durg district on Tuesday night, police said. The accident took place around 8:30 pm near Khapri village under Kumhari police station limits when the victims, employees of a distillery company, were returning home after work, Durg Superintendent of Police Jitendra Shukla said.

As per preliminary information, the bus with more than 30 people onboard skidded off the road and plunged into the 40 feet deep 'murum' mine, he said.

US President Joe Biden has welcomed Japanese Prime Minister Fumio Kishida at the White House as the two leaders seek to further boost bilateral ties amid shared concerns about China's increasing assertiveness in the Indo-Pacific region.

Biden and the First Lady Jill Biden have welcomed Kishida and his wife Yuko Kishida at the White House on Tuesday and treated them to a seafood dinner at a city restaurant.

Tesla is potentially seeking a local partner to establish its operations in India. The American electric vehicle giant is considering the prospect of a joint venture with Reliance to construct a manufacturing facility within the country, The Hindu Businessline reported on April 9.

Reportedly, Tesla has earmarked $2 billion for its forthcoming endeavours in India and has been scouting various locations, including Gujarat and Maharashtra, as potential sites for the plant. Maharashtra is purportedly emerging as the favoured choice, the report claimed.

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