Tesla market value crosses $800 billion for the first time

Shares of Tesla Inc jumped as much as 5.6 per cent on Friday, pushing the electric-car maker’s market capitalisation to more than $800 billion for the first time ever and inching closer to the trillion dollar club. Tesla’s stratospheric rally has helped Chief Executive Officer Elon Musk surpass Amazon.com Inc’s top boss Jeff Bezos to […]

India’s fiscal deficit to exceed 7.5 per cent of GDP during current fiscal year: Experts

New Delhi: India’s fiscal deficit is expected to be around 7.5 per cent of the GDP for the current fiscal owing to moderation in revenue collection due to the COVID-19 crisis, experts said. This would be a 100 per cent jump from the Budget estimate of 3.5 per cent of GDP pegged for the current […]

Abu Dhabi Ports: 2021 rental freeze for over 1,400 firms

Abu Dhabi: Abu Dhabi Ports announced a 2021 rent freeze for all businesses in its Industrial Cities and Free Zone cluster in a move aimed at providing further support to its customers in KIZAD and ZonesCorp and boost Abu Dhabi’s economy. More than 1,400 firms in these sections are expected to benefit from this freeze on […]