EV trajectory: Electric car sales may cross 7% penetration by FY28, says CareEdge report; hinges on rare earth supply, infrastructure

Electric car sales in India are projected to cross 7% of total car sales by FY28, provided supply chain disruptions in rare earth elements (REEs) are resolved in a timely manner, according to a report by CareEdge Advisory. The projection is backed by an accelerating pipeline of new model launches, expanding charging infrastructure, and battery…

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HDFC Bank first-ever bonus share issue: Key decision expected on this day – check details

NEW DELHI: HDFC Bank, India’s largest private sector lender, announced on Wednesday that its Board will consider issuing bonus shares and declaring a special interim dividend for FY26 during its upcoming meeting on July 19.Originally scheduled to review the bank’s unaudited financial results for the quarter ended June 30, the board meeting will now also…

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Karnataka’s movie ticket price cap: Movie goers may have to pay just Rs 200; how it will hit multiplex chains like PVR-Inox

Karnataka cinema houses may have to implement major cuts in ticket prices as the state government is looking to introduce a price cap. The state government on Tuesday released a draft notification proposing a uniform cap of Rs 200, taxes included, on movie ticket prices across all theatres and multiplexes, according to an ET report.While…

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India-US energy ties: GAIL eyes deal with Donald Trump championed Alaska LNG project; New Delhi’s push to import natural gas

State-owned gas utility GAIL Ltd has entered initial discussions to import liquefied natural gas (LNG) from the proposed Alaska LNG project.India is in talks with energy developer Glenfarne as it looks to boost energy imports from the United States. The move is aimed at reducing its trade surplus with Washington and is part of a…

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Crypto is the new gold: Why India’s rich are buying Bitcoin

Crypto exchanges report a sharp uptick in trading volumes from India’s elite. (AI image) As Indian equities stall, gold steadies, and fixed-income returns remain uninspiring, a new trend is emerging among the country’s wealthiest investors: a growing appetite for cryptocurrencies.High-net-worth individuals (HNIs), family offices, and institutional players are quietly reshaping their portfolios, steering capital toward…

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