Latest news with #610
The Sun
4 days ago
- Business
- The Sun
Trump says he wants Musk's companies to thrive
TORONTO: President Donald Trump said on Thursday he would not destroy Elon Musk's companies by taking away federal subsidies and that he wants the billionaire tech entrepreneur's businesses to thrive. The remarks follow a public clash with his former close ally over his tax bill. In July, the space and automotive billionaire announced the formation of a new political party, saying Trump's 'big, beautiful' tax bill would bankrupt America. 'Everyone is stating that I will destroy Elon's companies by taking away some, if not all, of the large scale subsidies he receives from the US government. This is not so!' Trump said in a social media post. 'I want Elon, and all businesses within our country, to THRIVE.' In a post on X, Musk said the 'subsidies' Trump was talking about simply do not exist. SpaceX won the Nasa contracts by doing a better job for less money, he added. 'Moving those contracts to other aerospace companies would leave astronauts stranded and taxpayers on the hook for twice as much!' The president's social media post came on the heels of Musk's warning to Tesla investors on Wednesday that US government cuts in support for electric vehicle makers could lead to a 'few rough quarters' for the company. Though Musk has often said government subsidies should be eliminated, Tesla has historically benefited from billions of dollars in tax credits and other policy benefits because of its business in clean transportation and renewable energy. Sweeping tax and budget legislation approved by Congress, and signed by Trump, will halt US$7,500 (RM31,610) tax credits for buying or leasing new electric vehicles on Sept 30, as well as a US$4,000 used EV credit, that have helped spur their sales in recent years. Before the relationship soured, Musk had spent more than a quarter of a billion dollars to help Trump win November's presidential election and led the Department of Government Efficiency's chaotic effort to slash the budget and cut the federal workforce. The Tesla CEO left the administration in late May to refocus on his tech empire. Trump and Musk fell out shortly afterward when Musk openly denounced the Republican president's tax-cut and spending bill, leading to threats by Trump to cancel billions of dollars worth of federal government contracts with Musk's companies. A week after the June spat, Reuters reported the White House had directed the Defense Department and Nasa to gather details on billions of dollars in SpaceX contracts to ready possible retaliation against the businessman and his companies. Musk's SpaceX had been considered a frontrunner to build out Trump's US$175 billion Golden Dome missile defence shield and remains a natural choice for key elements of the project. But sources familiar with the matter told Reuters this week that the administration is expanding its search for partners to build Golden Dome as tension with Musk threatens SpaceX's dominance in the program.
TimesLIVE
15-07-2025
- Automotive
- TimesLIVE
Britain offers discounts on EVs to boost demand
The British government will offer discounts worth up to £3,750 (R90,058) to buyers of electric cars priced at £37,000 (R888,574) or below, it said on Monday, under a new scheme that aims to better align consumer demand with net zero emissions targets. The government will spend £650m (R15,610,101) on the discount scheme, which will be available from Wednesday to consumers after carmakers sign up for the scheme. As part of a wider goal of achieving net zero greenhouse gas emissions by 2050, Britain wants to phase out sales of new petrol and diesel cars by 2030. However, demand for electric cars has stalled, with consumers citing high upfront costs as the main barrier. "This EV grant will not only allow people to keep more of their hard-earned money, it'll help our automotive sector seize one of the biggest opportunities of the 21st century," transport secretary Heidi Alexander said. The scheme comes after calls from the automotive industry for EV incentive as carmakers effectively need to sell more EVs every year to meet emissions targets or pay fines. Britain scrapped a previous incentive scheme for electric vehicle purchases in 2022 as the then-Conservative government shifted focus to spending on expanding the public charging network. A number of European countries including Norway, which has the highest percentage of electric cars in Europe, and France and Germany offer incentives for EV buyers, including subsidies and exemption from taxes. The British government in April relaxed some EV sales targets for carmakers as the industry coped with new tariffs on sales to the US, its second largest market after the EU. Ginny Buckley, CEO of advice website said nearly one in two electric models will be cheaper thanks to the "long overdue" incentives. The government said the £650m funding for the Electric Car Grant will be available until 2028/29. By contrast, carmakers had spent around £6.5bn (R156,044,980,000) on electric car discounts since the government's EV sales targets were introduced at the start of 2024, Society of Motor Manufacturers and Traders CEO Mike Hawes told reporters last month. Hawes welcomed the new grant on Monday, saying it was a "clear signal" this was the time for drivers to switch to an electric car.
Economic Times
27-05-2025
- Business
- Economic Times
Large deal momentum, improving profitability keep Coforge stock buoyant
Tired of too many ads? Remove Ads The stock of Coforge has gained 13% since May 05 compared with 5% increase in the BSE IT index after the mid-tier IT exporter reported strong sequential revenue growth, expansion in operating margin and record deal wins for the March quarter. Amid strong growth in dew deals in FY25, the company has retained the $2 billion revenue target for FY27 compared with a revenue of $1.4 billion in FY25, notwithstanding the uncertainty in the revival of discretionary is a global IT solutions provider employing 33,497 professionals and present across 23 countries. The US is its biggest market, contributing 54% to the revenue in FY25. It earns around 30% revenue from the banking and financial services (BFS) vertical, over 18% each from travel, transportation, hospitality (TTH) and insurance. The company is fully owned by public shareholders and therefore doesn't have any promoter company reported a record order intake of $2,126 million for the March quarter, aided by a large multi-year deal with the US based Sabre Corporation, a travel technology company. In March, Coforge bagged a 13-year $1,560 million deal with Sabre to accelerate the latter's product delivery. Even after excluding this mega deal, Coforge still reported 13% sequential increase in the deal wins at $566 million. The company's management expects to sustain the momentum in large deals. The executable order book over the next 12 months increased by 48% year-on-year to $1,505 the company's operating margin (EBIT margin) fell by 50 basis points year-on-year to 13% in FY25, it reported quarterly improvement in the fourth quarter of the fiscal year. The margin expanded by 120 basis points to 13.2%. The company expects to improve the margin to 14% by the end of majority of the larger peers, Coforge reported lower employee attrition rate for the March quarter. The attrition contracted to 10.9% from 11.9% in the December quarter and 11.5% in the year-ago quarter. Despite lower attrition, it continued to hire employees – the net headcount addition was 8,771 in Financial Research expects earnings of Coforge to increase by 25% annually between FY25 and FY28. The brokerage has revised the stock's target price to Rs10,000 from Rs9,610. The stock was last traded at Rs 8,465.2 on Tuesday on the BSE.
Economic Times
26-05-2025
- Economic Times
Planning your next vacation in Delhi? Here's your ready reckoner for your upcoming holidays
HOW TO REACH FROM MUMBAI Live Events WHERE TO STAY WHAT TO EAT WHAT TO DO SUGGESTED ITINERARY The beautiful national capital along the Yamuna river includes satellite cities like Gurugram, Faridabad and Noida. Among the largest metropolitan areas in the world, it also has the biggest metro network in the country. Dotted with Mughal era monuments, heritage sites and historical buildings with stunning architecture, beautiful temples, vibrant markets and finger-licking cuisine make it a popular destination for tourists. The best time to visit India's capital-the National Capital Territory of Delhi is between October to are several ways to reach Delhi from across the country via road, trains and flights, or a combination of these, as the capital city is very well connected. The fastest route from Mumbai is by flight, which takes around two hours, while the train is not overly cheap compared to the flight, but can take anywhere from 15 to 26 hours. The one-way flight for July costs Rs.3,610, while the train fare starts from Rs.2,260 for Class 2A on (Mumbai-Delhi flight, 2 hrs 15 mts)Rs.2,260(Mumbai-Delhi Class 2A, 26 hrs).*One way, per person. Flight cost on Skyscanner. Train cost on is a variety of stay options, ranging from budget-friendly government accommodation, guest houses, bread & breakfasts and hostels to five-star hotels. Also check out the Delhi tourism websites, html and for all categories of accommodation for 6 nights Delhi cuisine is a mix of Mughlai and north Indian culinary influences, and old Delhi is a favoured haunt for non-vegetarian delicacies and street food. Popular dishes include nihari (mutton or beef stew), mutton burra (mutton chops or ribs), butter chicken, kebabs (marinated, grilled or roasted meat) and tikkas (marinated tandoori dish), kathi rolls (vegetarian or non-vegetarian wrap), biryani (meat & rice dish), chole-bhathure (chick pea & fried bread), snacks like chaat, dahi-bhalla, samosas, aloo tikki, and parathas (stuffed flatbread). Desserts include jalebi, kulfi, faluda and rabri, among many others. While roadside stalls offer cheap food costing Rs.50-100 per meal, mid-range restaurants can cost Rs.500-1,000, while expensive restaurants will charge upwards of Rs.1,200 per per person, per dayIndia Gate, Red Fort, Qutub Minar, Humayun's tomb, Purana Quila, Jantar Mantar, Agrasen ki baoli, Safdarjung tomb, Siri Fort, Lodhi tomb, Haus Khas fort, Tughlakabad fort, Rashtrapati Bhawan, Lodhi temple, Jama Masjid, Lotus temple, Ahinsa Sthal, Hazrat Nizamuddin dargah, Gurdwara Bangla Sahib, Moti Masjid, Sri Digambar Jain Lal Mandir, Chhattarpur temple, Jhandewala Place, Janpath, Dilli Haat, Khan market, Lajpat Nagar, Sarojini Nagar, Chandni Chowk, Meena Bazaar, Ghaffar market, Karol Bagh, Chor historical monuments and UNESCO World Heritage sites like Qutub Minar, Humayun's tomb and Red Fort, besides others like India Gate, Jantar Mantar and Purana Quila. Don't miss the sumptuous street food and old Delhi non-vegetarian fare like kebabs,tikkas and on your itinerary should be places of worship like the Akshardham temple, Jama Masjid, Lotus temple, Gurdwara Bangla Sahib, among several time shopping at popular markets like Janpath, Connaught Place, Khan market and Chandni Chowk for traditional handicraft, jewellery, artifacts and cheap or designer clothes. If you have time, you can also take day trips to Neemrana, Jaipur and Agra from back to Mumbai.
Time of India
26-05-2025
- Time of India
Planning your next vacation in Delhi? Here's your ready reckoner for your upcoming holidays
The beautiful national capital along the Yamuna river includes satellite cities like Gurugram, Faridabad and Noida. Among the largest metropolitan areas in the world, it also has the biggest metro network in the country. Dotted with Mughal era monuments, heritage sites and historical buildings with stunning architecture, beautiful temples, vibrant markets and finger-licking cuisine make it a popular destination for tourists. The best time to visit India's capital-the National Capital Territory of Delhi is between October to March. HOW TO REACH FROM MUMBAI There are several ways to reach Delhi from across the country via road, trains and flights, or a combination of these, as the capital city is very well connected. The fastest route from Mumbai is by flight, which takes around two hours, while the train is not overly cheap compared to the flight, but can take anywhere from 15 to 26 hours. The one-way flight for July costs Rs.3,610, while the train fare starts from Rs.2,260 for Class 2A on Ixigo. Cost by air Rs.3,610 (Mumbai-Delhi flight, 2 hrs 15 mts) Cost by train Rs.2,260 (Mumbai-Delhi Class 2A, 26 hrs). *One way, per person. Flight cost on Skyscanner. Train cost on Ixigo. Live Events WHERE TO STAY There is a variety of stay options, ranging from budget-friendly government accommodation, guest houses, bread & breakfasts and hostels to five-star hotels. Also check out the Delhi tourism websites, html and for all categories of accommodation choices. COST: Rs.24,000 for 6 nights WHAT TO EAT Delhi cuisine is a mix of Mughlai and north Indian culinary influences, and old Delhi is a favoured haunt for non-vegetarian delicacies and street food. Popular dishes include nihari (mutton or beef stew), mutton burra (mutton chops or ribs), butter chicken, kebabs (marinated, grilled or roasted meat) and tikkas (marinated tandoori dish), kathi rolls (vegetarian or non-vegetarian wrap), biryani (meat & rice dish), chole-bhathure (chick pea & fried bread), snacks like chaat, dahi-bhalla, samosas, aloo tikki, and parathas (stuffed flatbread). Desserts include jalebi, kulfi, faluda and rabri, among many others. While roadside stalls offer cheap food costing Rs.50-100 per meal, mid-range restaurants can cost Rs.500-1,000, while expensive restaurants will charge upwards of Rs.1,200 per person. COST: Rs.1,500-2,000 per person, per day WHAT TO DO HISTORICAL MONUMENTS India Gate, Red Fort, Qutub Minar, Humayun's tomb, Purana Quila, Jantar Mantar, Agrasen ki baoli, Safdarjung tomb, Siri Fort, Lodhi tomb, Haus Khas fort, Tughlakabad fort, Rashtrapati Bhawan, Lodhi Gardens. PLACES OF WORSHIP Akshardham temple, Jama Masjid, Lotus temple, Ahinsa Sthal, Hazrat Nizamuddin dargah, Gurdwara Bangla Sahib, Moti Masjid, Sri Digambar Jain Lal Mandir, Chhattarpur temple, Jhandewala temple. MARKETS Connaught Place, Janpath, Dilli Haat, Khan market, Lajpat Nagar, Sarojini Nagar, Chandni Chowk, Meena Bazaar, Ghaffar market, Karol Bagh, Chor Bazaar. SUGGESTED ITINERARY New Delhi DAY 1-2 Visit historical monuments and UNESCO World Heritage sites like Qutub Minar, Humayun's tomb and Red Fort, besides others like India Gate, Jantar Mantar and Purana Quila. Don't miss the sumptuous street food and old Delhi non-vegetarian fare like kebabs,tikkas and burras. DAY 3-4 Next on your itinerary should be places of worship like the Akshardham temple, Jama Masjid, Lotus temple, Gurdwara Bangla Sahib, among several others. DAY 5-6 Spend time shopping at popular markets like Janpath, Connaught Place, Khan market and Chandni Chowk for traditional handicraft, jewellery, artifacts and cheap or designer clothes. If you have time, you can also take day trips to Neemrana, Jaipur and Agra from Delhi. DAY 7 Fly back to Mumbai.
