BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
UK Businesses Urge Government to Cut Electricity Levies 
Houthis Escalate Saudi Attacks as Red Sea Oil Risks Grow 
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut 
China Home Prices Fall Again as Property Slump Drags on Growth 
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
Asian Stocks Steady as AI Shares Rebound Ahead of Fed Decision 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Add as a preferred source on Google
Delhi suspended the subsidy on the Tata Motors Nexon EV due to multiple complaints about sub-standard range performance.
The transport department is awaiting a final committee report to determine how to proceed with the subsidy.
Last month, the transport department issued a show-cause notice to Tata Motors about a complaint that the Nexon EV did not meet the promised 312 km range on a single charge.
According to Delhi Transport minister Kailash Gahlot, they already received several complaints about the car. He added that Delhi is committed to supporting EVs, but not at expense of the citizen's trust and confidence.
In response to the order, a Tata Motors spokesperson said they will continue to engage constructively to protect their customers' interests, adding that the Nexon EV is the only personal segment EV in the market that satisfies FAME's stringent norms.
Tata Motors claims that it has been certified by the Automotive Research Association of India (ARAI) that the Nexon EV can reach 312 km in a single full charge.
The ARAI is the official body designated to tests all mass-produced vehicles before being offered to customers.
