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Tesla gets around 600 orders since India launch, Bloomberg News reports

Sept 2 (Reuters) – Tesla has received orders for just over 600 cars since launching sales in India in mid-July, a number that has fallen short of the company’s own expectations, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Elon Musk-led EV maker now plans to ship between 350 and 500 cars to India this year, of which the first batch is slated to land from Shanghai in early September, Bloomberg News said. Deliveries will initially be limited to Mumbai, Delhi, Pune and Gurugram, the report said, adding the size of shipments is based on the

Xi and Putin reaffirm ‘old friend’ ties in the face of US challenges

BEIJING, September 2, 2025 (AP) — Chinese leader Xi Jinping welcomed Russian President Vladimir Putin as an “old friend” as the two began a series of meetings Tuesday at a time when their countries face both overlapping and differing challenges from the United States. Relations between China and Russia have deepened in recent years, particularly after the Russian invasion of Ukraine in early 2022. Putin addressed Xi as “dear friend” and said that Moscow’s ties with Beijing are “at an unprecedentedly high level.” Following their formal talks, they planned to have another meeting over tea with some of their top

Rupee falls 6 paise to 88.16 against US dollar in early trade

Mumbai, Sep 2 (PTI) The rupee depreciated 6 paise to 88.16 against the US dollar in early trade on Tuesday, weighed down by persistent foreign fund outflows and dollar demand. Forex traders said on Monday, the rupee touched a record intraday low of 88.33 against the dollar before clawing back slightly toward the close. The sharp fall underscores the strain as India grapples with the steepest US tariffs among Asian exporters — a headwind that continues to weigh on sentiment and currency stability. At the interbank foreign exchange market, the rupee opened at 88.14 against the US dollar, then fell

SBI to tap dollar debt days after nation’s rating upgrade

MUMBAI, Sept 2 (Reuters) – SBI (State Bank of India) plans to raise funds through the issuance of dollar-denominated bonds with a maturity of five years, three merchant bankers said on Tuesday, days after S&P Global Ratings upgraded India’s sovereign credit rating for the first time in 18 years in August. SBI, the country’s largest lender by assets, is eyeing at least $500 million through the issue, and based on the response, could go as high as $1 billion, one of the bankers said. The issue would be finalised over the next few days, the bankers added. SBI did not

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