SBI’s Q2 results spring a super surprise with profit and NII gains

Tesla has appointed Sharad Agarwal as its country head in India. Agarwal previously led Lamborghini India. This move signals a new strategy for Tesla in the Indian market. The company aims to boost sales and brand awareness. Agarwal's focus will be on luxury buyers. He will navigate India's high import tariffs and slow EV adoption.

Renault India saw a significant jump in vehicle dispatches to dealers in October. Sales increased by 21 percent compared to the previous year. This growth was fueled by strong customer interest in the new Triber and Kiger models. The company noted renewed consumer confidence and vibrant demand during the festive season.

Steel Secretary Sandeep Poundrik pointed out that low steel prices are creating a tough environment for small businesses, leading many to cease operations as profitability plummets. This situation unfolds as the government gears up to significantly enhance steel production capabilities in the near future. Additionally, the global oversupply, especially from China, is exerting downward pressure on domestic pricing.

This Tuesday marks the beginning of a pivotal three-day summit where the DGCA will engage with top airline leaders. The agenda is packed with essential topics: from ensuring punctuality to addressing restrictions on flight crews, as well as tackling customer service grievances.

Bajaj Finance achieved record consumer loan disbursals this festive season. The company saw a 27 percent growth in loan volume and 29 percent in value. Government reforms in GST and income tax boosted consumer spending power. Over half of the customers were new to credit, promoting financial inclusion. This indicates a positive trend in India's consumption-led growth.

India is considering canceling a significant portion of its planned green power projects. This move comes as state utilities struggle to commit to purchasing electricity from these renewable sources. The government aims to boost clean energy, but challenges with grid stability and transmission costs are impacting project viability. This could affect India's ambitious renewable energy targets for the coming decade.

Mumbai's Chhatrapati Shivaji Maharaj International Airport will halt all flight operations for six hours on November 20, from 11 a.m. to 5 p.m. This temporary closure is for essential annual post-monsoon runway maintenance to ensure safety and adherence to international aviation standards. Both runways will be non-operational during this period.