slashes

Last Updated: March 14, 2024, 22:19 ISTThe announcement was made by Union Minister Hardeep Singh PuriThe new prices of petrol and diesel will be effective from Friday, March 15th, starting at 6:00 AMThe Center slashed prices of petrol and diesel by Rs 2 per litre on Thursday, just ahead of the Lok Sabha election schedule announcement.Announcing the news on social media platform X, the Ministry of Petroleum and Natural Gas declared that the new prices would be effective from March 15, on Friday, starting at 6:00 AM.“Oil…

The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024.Bing Guan | Bloomberg | Getty ImagesNew York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1 billion-plus capital injection from investors led by former Treasury Secretary Steven Mnuchin's Liberty Strategic Capital. The bank had $77.2 billion in deposits as of March 5, NYCB said in an investor presentation tied to the capital raise. That was down from $83 billion it…

The Atto-3 SUV / Source: BYD Europe After recently reducing prices of its refreshed Han and Tang models, Build Your Dreams (BYD) just launched a new version of its top-selling EV Yuan Plus – known as the Atto 3 in overseas markets – to $16,644 in China, making it one of the lowest-priced EVs out there. BYD has been targeting its home turf of China for its latest price-slashing strategy to continue its dominance in the world’s largest vehicle market, edging out both EV and ICE rivals with…

Macquarie Capital is writing down nearly its entire investment in Indian startup Byju’s, weeks after Swiss bank Julius Baer Group Ltd. accused it of charging fees based on an outsized and outdated valuation, according to people familiar with the matter.The unit of Australia’s Macquarie Group Ltd. is cutting the value of its stake in the beleaguered education provider by about 98%, the people said, asking not to be identified because the matter is private. Macquarie Capital invested a few hundred millions of dollars in…

In what Kia is calling “EV Festa,” the automaker is slashing prices on its all-electric models, including the EV6, EV9, and Niro EV in Korea, by up to $10,000 (KRW 13.56 million). Kia cuts EV prices in South Korea Kia revealed it will hold what it’s calling “EV Festa” to boost electric vehicle output and give additional benefits to shoppers. The program is in line with new government subsidies for electric cars. Kia is offering big manufacturing discounts on some of its most popular electric…

If you have been waiting for a significant price cut on the PS5 - now might be your chance to jump on this price cut thanks to Sony. Sony has slashed the price of the PS5 Slim for the first time ever - you can now get £60 off the new(ish) console from £479 to £419.Sony has been hesitant to slash the price of the slimmer console since its release in November 2023 but it seems that the company is looking to get more eyes and hands on what is the most popular console in the UK.It also comes as there is set to be a slew of…

In a move that is sure to electrify the Indian car market, Tata Motors has announced significant price cuts for its electric vehicles (EVs). The Tiago.EV, the company’s entry-level EV, now starts at Rs 7.99 lakh, a reduction of Rs 1.2 lakh from its previous price. The Nexon.EV, Tata’s flagship EV, also sees a price cut of up to Rs 1.56 lakh, with its starting price now at Rs 14.49 lakh. The prices of recently launched Punch EV are unaffected. These price cuts are a major boost for the Indian EV market, which…

We're not even one month into 2024 and it's already been anther brutal year for workers in the video game industry. Microsoft is the latest company to announce a major round of layoffs in its gaming division as it's cutting around 1,900 workers from its Xbox, Activision Blizzard and ZeniMax (aka Bethesda) teams. That brings the total number of video game layoffs this year to around 6,000 already. There were around 9,000 layoff in the industry in all of 2023, according to some estimates."As we move forward in 2024, the…

Rad Power Bikes, one of the leading electric bicycle companies in the US, has just slashed prices on all of its e-bikes. The company made the announcement today, effectively ushering in many of the best holiday sales from late last year as new permanent pricing for 2024. “We’re lowering 2024 prices across our lineup of award-winning electric bikes,” explained the brand in an email. “From day one, our mission has been to create radical electric bikes that are built for everything, and priced for…

The 2024 Model Y (Source: Tesla) Tesla has slashed the prices of its Model Y across Europe this morning, after it reduced prices of its Model 3 and Model Y prices in China to undercut BYD, according to CNBC. In Germany, Tesla reduced the price of its Model Y Long Range by €5,000 to €49,990 ($54,340), a discount of 9%. It also cut the price of its Model Y Performance by €5,000 to €55,990, an 8% discount. The automaker joined Volkswagen and BYD in reducing prices after the government…