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The country’s electric vehicle (EV) policy needs to be “rejigged” and requires “course correction” in order to make it more effective to achieve envisaged sales targets, according to the country’s leading electric two-wheeler maker Hero Electric. Under the FAME-II scheme, which was launched in April 2019, the plan was to put at least 10 lakh high-speed electric two-wheelers on the road by March 2022. But with two years already over, the number of electric two wheelers on the road remains low at around 60,000 units. In 2020, just 25,735 units…

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Equity benchmark Sensex dropped over 150 points in early trade on Friday, tracking losses in index-heavyweights HDFC Bank, ICICI Bank and Reliance Industries amid largely negative cues from global markets. The 30-share BSE index was trading 186.94 points or 0.38 per cent lower at 49,559.27. Similarly, the broader NSE Nifty slipped 44.10 points or 0.30 per cent to 14,829.70. Bajaj Finance was the top loser in the Sensex pack, shedding around 2 per cent, followed by Asian Paints, ICICI Bank, Kotak Bank, HDFC Bank and Reliance Industries. On the other…

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Reliance Jio has signed an agreement with Bharti Airtel to acquire a portion of spectrum in 800 MHz band for Andhra Pradesh, Delhi and Mumbai circles at an aggregate value of Rs 1,497 crore — marking the first such deal between the two telecom giants. With this spectrum trading agreement, Airtel will receive a consideration of Rs 1,037.6 crore from Jio for the proposed transfer. In addition, Jio will assume future liabilities of Rs 459 crore relating to the spectrum, Bharti Airtel said in a separate statement. “Reliance Jio Infocomm…

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