CNG, hybrids and EVs together accounted for 42% of India’s passenger vehicle sales in August, surpassing petrol’s 41% share for the first time. India’s passenger vehicle market is reportedly seeing a notable shift in consumer preference away from petrol, with CNG, hybrid and electric vehicles together accounting for 42% of sales in August 2026.For the … Read more
Tesla’s wheel-free Cybercabs face US safety probe just a day after launch Just a day after Tesla’s wheel-free taxis hit the streets of Austin, Texas, the ride is already facing a regulatory speed bump. The US auto safety regulator has opened an investigation into whether the new vehicles, which lack steering wheels, mirrors and brake … Read more
US president Donald Trump US President Donald Trump plans to spend up to $500 million from MAGA Inc to help Republican candidates in the November 3 midterm elections. The move comes after some Republicans raised concerns that Trump was not using the political group’s large cash reserves to help candidates fighting close races for the … Read more
Venezuelan businessman Alejandro Betancourt, once the subject of a US money-laundering investigation, is being considered for a role in brokering a potential Venezuela oil deal. The Trump administration has enlisted Venezuelan businessman Alejandro Betancourt to help broker a major US oil deal with Venezuela, despite his long-running links to a US investigation into an alleged … Read more
Anthropic is delaying its planned IPO, with the AI company now expected to start marketing the offering in mid-October at the earliest, according to people familiar with the matter. The listing could take place days before the US midterm elections in November.The AI giant is now expected to make its initial public offering prospectus public … Read more
HUL is stepping up investments to defend market share MUMBAI: After two years of sluggish growth, Hindustan Unilever (HUL) is stepping up investments to defend market share amid stiff competition from a clutch of new-age brands and changing shopping patterns. On Friday, the consumer goods giant said that it will boost capex to 3% of … Read more
Consumers may increasingly also have the choice to go for smaller-sized portions Mumbai: Protein foods are now a common sight across retail shelves, but consumers may increasingly also have the choice to go for smaller-sized portions going ahead. As protein-deficient Indians become picky in terms of what they eat and add to their regular diets, … Read more
Household spending in 2024-25 marked a further shift towards non-essential discretionary items and services NEW DELHI: As the economy recovered from covid pandemic, household spending in 2024-25 marked a further shift towards non-essential discretionary items and services, which have earlier seen decline, signalling premiumisation and a boost for govt revenues.After seeing a decline in 2023-24, … Read more
Amitabh Chaudhry, who has headed Axis Bank for seven-and-a-half years MUMBAI: Under Amitabh Chaudhry, who has headed Axis Bank for seven-and-a-half years, the bank delivered an 18% ROE for nearly seven quarters. However, the retail cycle, higher credit costs and rate cuts put pressure on NIMs. In an interview with TOI, Chaudhry spoke about how … Read more
The Bill would allow Trump to impose tariffs of 100% on the five biggest buyers of Russian crude oil and natural gas. US President Donald Trump may not be able to get the Russia sanctions bill passed in the House of Representatives before November, a development that would give India a breather from the possibility … Read more