New Delhi, Aug 9 (IANS) Elon Musk-run electric car maker Tesla is all set to inaugurate its second showroom in India — in Delhi on August 11 — after it opened the Mumbai showroom last month.In a post on social media platform X, Tesla posted, “Arriving in Delhi – stay tuned,” along with a graphic showcasing its upcoming arrival in the national capital.The new Tesla Experience Centre will open at Aerocity’s upscale Worldmark 3 complex in the national capital, catering to customers in the nat…

New Delhi, Aug 9 (IANS) US tech major Intel’s CEO Lip-Bu Tan has said he would not resign despite US President Donald Trump’s public call for his resignation for alleged “deeply conflicted” links to China.In a letter to Intel’s employees, Tan affirmed his commitment to the company and US national security, adding that he has the full support of Intel’s board.The controversy stemmed from Tan’s previous role as CEO of another US company Cadence Design Systems. This firm pleaded guilty in a…

New Delhi, Aug 9 (IANS) Defence Minister Rajnath Singh on Saturday said the annual defence production has soared to an all-time high of Rs 1,50,590 crore in FY 2024-25. The milestone represents a robust 18 per cent growth over the previous fiscal’s output of Rs 1.27 lakh crore, and a staggering 90 per cent increase since FY 2019-20, when the figure was Rs 79,071 crore, the minister informed.Defence Public Sector Undertakings (DPSUs) and other PSUs accounted for nearly 77 per cent of total produc…

Mumbai, Aug 9 (IANS) The Indian benchmark index Sensex fell 0.9 per cent this week, while the Nifty slipped almost the same, falling below the critical 24,400 level and closing at 24,363.The Indian equity market remained in consolidation for another week, a trend that has persisted since early July. Market sentiment was weighed down by concerns over elevated global interest rates, weak global market cues, and consistent profit-booking in heavyweight sectors, analysts said on Saturday.In its meet…

New Delhi, Aug 9 (IANS) Consequential train accidents have reduced from 135 in 2014-15 to 31 in 2024-25, due to various safety measures taken over the years, the government has informed. There has been a steep decline in the number of accidents in the past 11 years.”It may be noted that the consequential train accidents during the period 2004-14 was 1711 (average 171 per annum), which has declined to 31 in 2024-25 and further to 3 in 2025-26 (up to June),” Minister of Railways Ashwini Vaishnaw i…

New Delhi, Aug 9 (IANS) There has not been a single case of engine failure or breakdown reported since ethanol 20 (E20) became a base fuel over the last 10 months, Hardeep Singh Puri, Minister of Petroleum and Natural Gas, has said.Citing Brazil’s example, he said the country has run on E27 for years without any issues.Some lobbies with vested interests are actively attempting to create confusion and derail India’s ethanol revolution. However, such efforts will not succeed, he added.The E20 …

New Delhi, Aug 9 (IANS) Indian Railways is upgrading the current passenger reservation system to handle over 100,000 tickets per minute from existing 25,000, according to the government.Indian Railways is undertaking complete revamp of passenger reservation system (PRS) through Centre for Railway Information Systems (CRIS). The revamp of PRS involves upgradation and replacement of hardware, software, network equipment, security infrastructure and functionalities on new technology with design cap…

New Delhi, Aug 8 (IANS) Minister of Petroleum and Natural Gas Hardeep Singh Puri highlighted on Friday that India sells LPG at the cheapest prices in the world, despite being an importer, enabling more than 10.33 crore Ujjwala families to cook food at just Rs 6 per day due to the affordable fuel.”Our energy sector oil marketing companies suffered heavy losses to make LPG available to kitchens at nearly half the cost at which it was being sold in the countries in our neighbourhood,” the minister …

New Delhi, Aug 8 (IANS) Public sector banks (PSBs) in India recorded their highest-ever combined quarterly profit of Rs 44,218 crore in Q1 FY26, reflecting a robust 11 per cent year-on-year growth. The State Bank of India (SBI) was the main driver of the impressive performance, accounting for nearly 43 per cent of the total earnings.The 12 PSBs collectively reported a profit of Rs 39,974 crore in the same quarter of the previous fiscal year, representing an absolute increase of Rs 4,244 crore, a…

New Delhi, Aug 8 (IANS) India is negotiating trade pacts with several countries, including the US, Commerce Minister Piyush Goyal said on Friday, adding that today, the world recognises the strengths of the country.Speaking at an event here, Goyal said several countries are keen to engage with India on the trade front.”We are in dialogue with many countries — the US, Oman, the European Union, Chile, Peru and New Zealand. Many others want to start engaging with India,” he told the gathering at…