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  • For the Salem-Ulundurpet toll road, NARCL has offered ₹280 crore against total debt of about ₹600 crore. The bid for Jaypee Cement stands at ₹270 crore against outstanding debt of ₹2,200 crore. Dalmia Bharat had earlier shown interest in acquiring Jaypee's cement assets.

    The Indian Broadcasting and Digital Foundation (IBDF) urges TRAI to reinstate distinct tariffs for retail and commercial TV subscribers, arguing the current system is unfair. Broadcasters seek deregulation of channel pricing to negotiate rates with businesses, citing declining traditional TV viewership and plateauing subscription revenues. TRAI is reviewing the television pricing regime amidst these concerns.

    Rajiv Anand is the new MD and CEO of IndusInd Bank. He faces challenges like reshaping the business and building a new leadership team. The bank's low-cost deposits have decreased. Asset quality has also weakened. Anand aims to balance work with his interests.

    Indian airlines are facing difficulties in securing slots at key international airports. Amsterdam and London Heathrow are posing challenges. This restricts their ability to fully utilize allocated flying rights. IndiGo's Amsterdam flight faces uncertainty. Air India also encountered slot issues previously. The airlines are urging government intervention to ensure fair access. They want a level playing field with foreign carriers.

    The government has directed public sector banks to create a unified digital portal to streamline startup loan applications, sanctions, and information-sharing. Expected by October, the proposed startup hub portal will feature a single application form accessible to all PSBs.

    The Centre has shortlisted 18 proposals for R&D of electric vehicle (EV) subsystems to cut reliance on imports and boost domestic manufacturing. These include projects on wireless chargers and traction motors, to be executed in collaboration with academia, industry, and government.

    Tesla's EV sales are declining significantly in major European markets like Germany, the UK, and France, with July sales plummeting. BYD is capitalizing on this, experiencing substantial registration increases and even surpassing Tesla in Germany. Analysts predict BYD may overtake Tesla globally, fueled by Tesla's production issues and brand perception challenges.

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Wednesday, 06 Aug, 2025

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