beats expectations, CEO Noel Quinn to retire

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The HSBC Holding logo is being displayed on a smartphone with HSBC visible in the background in this photo illustration taken in Brussels, Belgium, on February 20, 2024.  Jonathan Raa | Nurphoto | Getty Images HSBC beat market expectations in its first quarter earnings report on Tuesday, and announced the surprise departure of Group Chief … Read more

If Indo-EU GI tag deal goes through, New Delhi may get exclusive rights for basmati

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India may get the Geographical Indication (GI) tag for Basmati rice in the European Union if a deal between the two on providing GI tags for one another products comes through later this year. India and the EC have held six rounds of negotiations till now on arriving at an agreement on the GI tags … Read more

Austin-based company fined for flaring that led to 7.6 million pounds of excess gases known to cause respiratory issues

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New Mexico has reached a record settlement with a Texas-based company over air pollution violations at natural gas gathering sites in the Permian Basin. The $24.5 million agreement with Ameredev announced Monday is the largest settlement the state Environment Department has ever reached for a civil oil and gas violation. It stems from the flaring … Read more

Government likely to release guidelines on new EV policy in next 3-4 weeks

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The government is likely to come out with guidelines on the new electric vehicle (EV) policy in the coming days after which it can become fully functional in the next few months. Sources in the know have told businessline that some of the manufacturers have requested the government to include brownfields also in the definition … Read more

Frustrated by high drug prices, California will offer its own version of heavily discounted Narcan to stop fentanyl overdoses

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California will soon begin selling its own generic version of Narcan — the drug that can save someone’s life during an opioid overdose—under a deal announced Monday by Democratic Gov. Gavin Newsom as part of his effort to offer less expensive, state-branded options of medication. The New Jersey-based Amneal Pharmaceuticals will sell naloxone to California … Read more

Late duration and climate-resilient varieties drive India’s wheat output to exceed 115 million tonnes

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Wheat production may be over 115 million tonnes (mt) this year, exceeding the government’s second advance estimates of 112.02 mt and also the target of 114 mt due to 4-5 per cent rise in yield. However, the government has not been able to procure wheat from States other than Punjab and Haryana per plan after … Read more

PARA, NXPI, FFIV and more

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Check out the companies making headlines in after hours trading. Paramount Global — Shares rose less than 1% after the parent of CBS television said its CEO Bob Bakish would step down and be replaced by an “office of the CEO.” The news comes as Paramount posted per-share earnings of 62 cents, topping the 36 … Read more

Elon Musk publicly dumped California for Texas—now Golden State customers are getting revenge, dumping Tesla in droves

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In California, where there are Teslas as far as the eye can see and rapid charging stations aplenty, new drivers are opting out of the $605 billion Elon Musk-led car universe. Among the top three passenger cars sold in California in the first quarter this year, Elon Musk’s Tesla Model 3 dropped from first place … Read more

India may become 3rd largest market for utility-scale batteries by 2030: IEA

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India is likely to become the world’s third-largest market for utility-scale batteries by 2030 with capacity additions projected to accelerate considerably over the next seven years to reach nearly 9 GW, supported by cost reductions, according to a report by IEA (International Energy Agency). Also read: India adds 24 GW of solar PV manufacturing capacity … Read more