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  • Long road for Tesla in India with infrastructure, supply chain woes
    Business
    Reuters

    Long road for Tesla in India with infrastructure, supply chain woes

    Tesla Inc is gearing up for an India launch but the U.S. electric carmaker is likely to remain a niche player for years, catering only to the rich and affluent in the world's second-most populous nation. It's also difficult to see how Tesla's sought-after and expensive autonomous driving features will work on India's congested roads. Ammar Master, a forecaster at consultancy LMC Automotive, said he expects Tesla to annually sell only 50-100 of its Model 3 electric sedans in India, at least in the first five years.

  • Indian Bank clocks Q3 profit at Rs 514 crore
    Business
    ANI

    Indian Bank clocks Q3 profit at Rs 514 crore

    Chennai (Tamil Nadu) [India], January 22 (ANI): Public sector Indian Bank on Friday reported a net profit of Rs 514 crore for the October to December quarter as against a net loss of Rs 1,739 crore in Q3 FY20.

  • Business
    Capital Market

    Steel Authority of India Ltd leads losers in 'A' group

    Biocon Ltd, Bandhan Bank Ltd, Tata Steel Ltd Partly Paid Up and RBL Bank Ltd are among the other losers in the BSE's 'A' group today, 22 January 2021.Steel Authority of India Ltd tumbled 10.01percent to Rs 58.45 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 107.59 lakh shares were traded on the counter so far as against the average daily volumes of 56.25 lakh shares in the past one month.Biocon Ltd crashed 9.18percent to Rs 401.4. The stock was the second biggest loser in 'A' group.On the BSE, 12.5 lakh shares were traded on the counter so far as against the average daily volumes of 2.16 lakh shares in the past one month.Bandhan Bank Ltd lost 7.48percent to Rs 315.55. The stock was the third biggest loser in 'A' group.On the BSE, 22.88 lakh shares were traded on the counter so far as against the average daily volumes of 8.57 lakh shares in the past one month.Tata Steel Ltd Partly Paid Up slipped 7.10percent to Rs 221.1. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.58 lakh shares were traded on the counter so far as against the average daily volumes of 2.24 lakh shares in the past one month.RBL Bank Ltd shed 6.80percent to Rs 233.7. The stock was the fifth biggest loser in 'A' group.On the BSE, 10.95 lakh shares were traded on the counter so far as against the average daily volumes of 9.47 lakh shares in the past one month.