2026

Tesla’s wheel-free Cybercabs face US safety probe just a day after launch Just a day after Tesla’s wheel-free taxis hit the streets of Austin, Texas, the ride is already facing a regulatory speed bump. The US auto safety regulator has opened an investigation into whether the new vehicles, which lack steering wheels, mirrors and brake…

Venezuelan businessman Alejandro Betancourt, once the subject of a US money-laundering investigation, is being considered for a role in brokering a potential Venezuela oil deal. The Trump administration has enlisted Venezuelan businessman Alejandro Betancourt to help broker a major US oil deal with Venezuela, despite his long-running links to a US investigation into an alleged…

Amitabh Chaudhry, who has headed Axis Bank for seven-and-a-half years MUMBAI: Under Amitabh Chaudhry, who has headed Axis Bank for seven-and-a-half years, the bank delivered an 18% ROE for nearly seven quarters. However, the retail cycle, higher credit costs and rate cuts put pressure on NIMs. In an interview with TOI, Chaudhry spoke about how…

Consumers may increasingly also have the choice to go for smaller-sized portions Mumbai: Protein foods are now a common sight across retail shelves, but consumers may increasingly also have the choice to go for smaller-sized portions going ahead. As protein-deficient Indians become picky in terms of what they eat and add to their regular diets,…

Household spending in 2024-25 marked a further shift towards non-essential discretionary items and services NEW DELHI: As the economy recovered from covid pandemic, household spending in 2024-25 marked a further shift towards non-essential discretionary items and services, which have earlier seen decline, signalling premiumisation and a boost for govt revenues.After seeing a decline in 2023-24,…