Current Affairs: Business


Prime Minister’s Office (PMO) has asked the Finance Ministry to reassess the idea of having a wider consultation with the stakeholders by issuing overseas sovereign bonds.


For the June quarter, the electric carmaker Tesla has posted a loss of about $408 million with a revenue of about $6.35 billion for the same quarter.


Chinese ride-hailing firm Didi Chuxing has received a funding of $600 million from Japanese automaker Toyota. The two firms will also set up a joint venture with ‘GAC Toyota’.


iSpace- An aerospace startup from China launched two satellites into space successfully and marked the first successful orbital launch by a privately funded firm in China.


The slowdown in vehicle sales if continued may lead to a cut 10 lakh jobs in the auto parts industry, said the Automotive Component Manufacturers Association of India (ACMA).

Senior bureaucrat Subhash Chandra Garg has applied for voluntary retirement from IAS with effect from October 31 and will further move to Power Ministry.