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The FAME scheme by Indian government has been replaced with the new EMPS scheme for the next 4 months, And the sales of electric 2 wheelers has fallen in April 2024, exceeding the numbers in past.
According to information provided in the exchange filing, the tax demand notice is for the four-year period, with the previous demand of ₹11.5 crore being revised to ₹2.5 crore.
According to Geo News report, Sindh High Court has asked the Pakistan government to lift this ban within a week, or else the court will be compelled to take action on the next date, which is May 9th, 2024.
Following Iran's attack on Israel, the Indian stock market is likely to experience volatility, as investors are anticipated to closely monitor the unfolding developments.
Launching operations in India is one of the strategic decisions to expand into new markets for Tesla, which suffered a dip in worldwide sales in the first quarter this year which marked an uncomfortable first in nearly four years. Slower growth in China and the US – the company’s two key markets – could have accelerated the entry into India, the report mentioned.
However, according to media reports, US President Joe Biden has told Israel’s Prime Minister Benjamin Netanyahu that his country would not participate in any retaliatory action against Iran.
According to Coinglass data, approximately $1.5 billion worth of bullish cryptocurrency positions via derivatives were liquidated over Friday and Saturday, marking one of the most substantial two-day liquidation events in at least six months.
In early 2024, the federal government rolled out a plan to achieve its ambitious goal of EVs making up 50% of all new car sales by 2030 and putting together a countrywide network of 500,000 charging stations and it will invest $7.5 billion to help build the charging infrastructure.
The highest passenger vehicle brand to grow was the country’s biggest automobile manufacturer Maruti Suzuki. In 2023-23 it exported 2,80,712 vehicles which was a good 9% jump from the 2,55,439 units the Japanese company exported the year before.
Indian benchmark indices closed lower by more than 1%.