- The airline hosted two guided tours of the refurbished aircraft in Cape Town and Johannesburg - Guests were invited to experience the Boeing 777 which has undergone a nose-to-tail refresh, including the debut of Premium Economy in South Africa Following the advanced deployment of the retrofitted Boeing 777 aircraft to both Cape Town and Johannesburg last month, Emirates, the world’s largest international airline, hosted a guided tour of t…
HCL reports standalone profit of ₹468.53 crore in FY25, up from ₹295.41 crore in previous year, marking a 59% increase Copper demand in India is projected to accelerate in the coming decade, driven by growth in renewable energy projects, push for electric vehicles and large-scale infrastructure expansion. This has prompted Hindustan Copper Ltd (HCL), the country’s only integrated copper miner, to look at aggressive expan…
Oil India said that the move is a significant step towards strengthening India's self-reliance in critical and strategic mineral sourcing. Oil India and Hindustan Copper signed a Memorandum of Understanding (MoU) on September 19 to cooperate and collaborate for the exploration and development of critical and strategic minerals, including Copper and associated minerals.....
Airbus is establishing an R&D Centre of Excellence at Gati Shakti Vishwavidyalaya in Gujarat, while already sourcing over $1 billion in components from Indian suppliers. The company's Digital Centre in Bengaluru serves as a crucial hub for its digital transformation efforts, second only to its headquarters in Toulouse. Global aerospace giant, Airbus will soon set up an R&D Centre of Excellence at Gati Shakti Vishwavidyalaya…
The Tata group's hospitality arm recorded its 13th consecutive quarter of record performance in June this year, with a 19% increase in consolidated net profit (to ₹296 crore) and a 32%ump in revenue India needs an all-inclusive hospitality brand, says Puneet Chhatwal, managing director and chief executive officer of Indian Hotels Company (IHCL), the country’s largest hospitality chain.... More https://bit.ly/4neh…
The Centre will develop more than 500 data labs under the IndiaAI Mission to boost talent and infrastructure for AI. The government has selected eight new players to develop a foundational Large Language Model (LLM), under the India AI Mission including Tech Mahindra, Fractal Analytics, BharatGen (an IIT-Bombay Consortium), Avataar AI and Shodh AI, among others.....
Priced near regular eyewear, market set to grow 400% in CY 2025 Qualcomm Inc is collaborating with Indian companies to reduce the price of smart glasses to a level only slightly above traditional eyewear, aiming to expand a market still in its infancy. Elaborating on the company’s plans to enter this potentially high-growth segment, Savi Soin (pictured), president of Qualcomm India, said, “We already have a collaboration with Lenskar…
· SEBI clears Adani Group, top executives in Hindenburg case https://bit.ly/4nehEhY · Insurers gearing up to pass 18% GST waiver benefit to customers https://bit.ly/4ndiJGR · ITC to pass on full GST rate cut benefits to consumers across FMCG products https://bit.ly/4ncWErW · Ma…
The momentum is supported by an initial dipstick study from Counterpoint Research, which indicates that entry-level iPhone 17 is likely to outperform last year's iPhone 16 in sales in Indian market Initial trends from Apple Inc’s pre-bookings, which began on September 12, for the iPhone 17 variants show a 30–40 per cent jump in the first weekend compared to bookings for the iPhone 16 models last year, according to early estimates by d…
The new centre is in line with Rolls-Royce’s plan to double sourcing from India over the next five years British aerospace and defence company Rolls-Royce has inaugurated a 700-seater Global Capability and Innovation Centre (GCC) in Bengaluru, one of its largest worldwide. The facility will host part of the company’s global digital capabilities and enterprise services teams, along with engineering units supporting its C…
Accel is one of the earliest investors in Urban Company. The VC firm has invested a total of Rs 55 crore in the start-up and received a total of Rs 14.56 crore Leading global venture capital firm Accel has made a huge return on its investment in the recent IPO of Urban Company. The Silicon Valley-based firm bagged a 27x return on its early investment in the home service startup.....
· SMBC to buy further 4.2% of Yes Bank from Carlyle affiliate https://tinyurl.com/nktkz933 · VC firm Accel bags huge 27x return on Urban Company IPO: How Rs 55 crore bet became Rs 1,500 crore https://bit.ly/4puMqVj · From Rashtrapati Bhavan to Chenab rail bridge: Shalimar Paints’ comeback path https://bit.ly/46qJe…
The deal, say market sources, could be valued anywhere around the €3-4 billion range Jindal Steel (International), part of the Naveen Jindal Group, has submitted a non-binding offer to acquire thyssenkrupp Steel Europe (tkSE), the steel arm of German industrial group thyssenkrupp AG.....
Ashok Leyland plans to launch its first hydrogen-powered trucks in India by 2027. Backed by government GST reforms and the National Green Hydrogen Mission, the Hinduja Group firm eyes hydrogen as the next big leap after EVs, with partnerships driving innovation in clean mobility. Chennai-based truck and bus major Ashok Leyland will commercially launch its first hydrogen-powered vehicle in the country in the next two years, managing dire…
NCLAT approves Vedanta’s demerger plan, overturning NCLT Mumbai order. The ruling allows Vedanta to restructure power and metal units, including Talwandi Sabo Power, after a settlement with EPC contractor Sepco cleared key procedural hurdles. The National Company Law Appellate Tribunal (NCLAT) has cleared Vedanta’s plan to restructure its power and metal businesses by overturning an order of the National Company Law Tribunal (NCLT) Mu…
· Trump calls Modi ahead of 75th birthday, leaders vow to boost ties https://bit.ly/4gvZIwL · US-India trade meet positive but next negotiating round after more virtual talks https://bit.ly/4mnEz9n · NCLAT clears Vedanta demerger plan https://bit.ly/48qGo1I · Ashok Leyland read…
Ola Electric has filed for Rs 400 crore in incentives under the auto PLI scheme for FY25, backed by Rs 3,000 crore in sales. With Gen 3 scooters certified for PLI benefits, the EV maker expects stronger margins, positive EBITDA, and improved liquidity in the coming quarters. Ola Electric has filed a claim of about ₹400 crore in incentives under the government’s production-linked incentive (PLI) scheme for the automobile and…
MP Birla Group flagship expects cement demand in the country to grow at CAGR of 6-7 per cent over the next few years. Birla Corporation is looking to moving up the building material value chain even as it is focussing on consolidating its core cement business.....
The crucial day-long talks between the two trade teams to decide the future course of the BTA A US team of trade officials, led by chief negotiator Brendan Lynch, will be in New Delhi for day-long talks with their Indian counterparts on Tuesday in an attempt to break the logjam in the proposed India-US Bilateral Trade Agreement (BTA)......
· Govt extends ITR filing deadline to Sept 16 after last-day glitches https://bit.ly/4n37ZKS · US team in India on Tuesday to try and break logjam in trade talks https://bit.ly/4nqpZ1M · Birla Corporation looks at moving up building material value chain https://bit.ly/4pgmX1I · …
The brand is launching 15 products in the first phase and will be priced around ₹250-400 In a strategic partnership, Myntra and Vellvette Lifestyle, which owns SUGAR Cosmetics has launched a new brand, Molten Beauty. The players said that the new brand, which has been crafted for Gen Z consumers, addresses a key white space in the fast-growing beauty industry.....
Dutch investor Prosus backs Arivihan, CodeKarma, and Deccan AI in quick succession, calling AI a central pillar of its India strategy as it plans multi-billion-dollar bets Even as some sectors feel the heat of global economic headwinds, Dutch technology investor Prosus is accelerating its artificial intelligence (AI) investments in India, betting on a new wave of AI-powered startups that it expects will drive the next phase of growth in one of …
Plans major Capex to expand high-precision aero component capacity To scale up its manufacturing capacity as well as research and development (R&D) in commercial aviation space, component manufacturer Raymond Engineering plans significant capital expenditure of about ₹118 crore in FY26....
· Apollo Hospitals to acquire 31% stake in Apollo Health for ₹1,254 crore https://bit.ly/4gpOv0E · Adani Ports will not allow US, UK, EU sanctioned vessels to dock https://bit.ly/4meTMtm · India may allow steel giants to team up for upcoming coking coal linkage auctions https://bit.ly/42dwH39 · …
Asia Cup 2025: Lower viewership for non-India matches such as those involving the United Arab Emirates, Hong Kong, Bangladesh and Oman, has also dragged down the overall momentum of the tournament, which began on September 9. The much-anticipated India-Pakistan cricket clash in the Asia Cup 2025 has been overshadowed by boycott calls and political overtones, contributing to a muted commercial response. Traditionally …
The PM will lay the foundation stones for Darrang Medical College along with a nursing college and a GNM school in Mangaldai town Prime Minister Narendra Modi will unveil projects worth ₹18,530 crore in Assam's Darrang and Golaghat districts on Sunday and will address two public rallies there..... More https://bit.ly/3KkzZLy Via business-standard.com
Tega Industries teams up with private equity Apollo Funds, plans to acquire US-based Molycop for $1.48 billion The board of Tega Industries, which is planning to acquire US-based Molycop for an enterprise value of around $1.48 billion, on Saturday approved raising of funds upto ₹4,000 crore in a combination of equity and debt.....
- IIM Ahmedabad Dubai Campus is a major leap Towards Education Globalization - Shri Dharmendra Pradhan - Dubai Provides Ideal Launchpad for ‘Indian in Spirit, Global in Outlook’ with IIM Ahmedabad Campus - Shri Dharmendra Pradhan H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence today inaugurated the 1st-ever overseas campus of India’s premier busine…
Strengthening corporate governance in PSBs, improving customer experience, and making them globally competitive through modernisation — including use of artificial intelligence — are among key issues being deliberated at the two-day PSB Manthan conclave that began on Friday, an official said. India will aim to have at least two public sector banks (PSBs) among the world’s top 20 by 2047, aligned with the Viksit Bharat vision, a …
The drop was the sharpest in automobile and electronics manufacturers such as Maruti Suzuki, Tata Motors, Hero MotoCorp, Bajaj Electricals, Whirlpool, Havells, Blue Star, Amber Enterprises and Crompton Greaves Consumer Electricals. While the share of import bills in sales halved for several companies, for some, it even dropped manifold, show latest disclosures in annual reports. The government's strong thrust on localising production and sourcing…
Upon completion of the proposed acquisition, AHLL will become a 99.4% Subsidiary of Apollo Hospitals The Board of Apollo Hospitals on Friday approved the execution of a share purchase agreements to acquire 30.58 per cent equity stake held jointly by the International Finance Corporation, Washington (IFC) and IFC EAF in its subsidiary, Apollo Health and Lifestyle Ltd (AHLL). The total purchase consideration comes to ₹1,254 crore.....
Adani Group, JSW Neo Energy and Jindal Power are among 21 firms that submitted Expressions of Interest for GVK Energy, which is under insolvency proceedings at NCLT.... More https://www.business-standard.com/companies/news/21-bidders-including-adani-jindal-jsw-submit-eoi-for-gvk-energy-125091101096_1.html Via business-standard.com
· Adani Power awarded 800 MW additional capacity under ‘Greenshoe Option’ by MPPMCL https://bit.ly/4n9Uhpy · For banks, gold loans glitter as cards and personal credit lose sheen https://bit.ly/4mmivfq · Timber price stability, demand pick up add sheen to shares of wood panel companies https://bit.ly/46wlXz3…
Nitin Gadkari aims to make India's automobile industry number one globally within five years, leveraging the country's cost-effective, high-quality vehicles. Currently valued at ₹22 lakh crore, the industry lags behind the US and China. India's focus on manufacturing electric vehicles is driven by the need to reduce the ₹22 lakh crore spent annually on importing polluting fossil fuels. The government aims to make India's automobile industry t…
The armed forces plan to acquire over 670 unmanned aerial vehicles across multiple categories, enhancing surveillance, reconnaissance, and combat capabilities Over 670 unmanned aerial vehicles (UAVs) — ranging from heavy high-altitude long-endurance drones to vertical takeoff systems — are set to be acquired by the armed forces in the coming years, as part of the 15-year defence modernisation road map unveiled last week..... More …
Trump Tower construction reflects India’s economic resilience and growth potential At Mundhwa chowk — rebranded as Koregaon Park Annexe, like a designer label stitched onto an old kurta — life still hums to the rhythm of pan stalls, welding sparks, garage hammers, and the steady rumble of water tankers.....
· Urban Company ₹1,900 cr IPO subscribed 3.13x on day 1 with strong retail participation https://bit.ly/4pfV1uU · Trump takes U-turn, says India-US trade talks back on track https://bit.ly/3JUGjt7 · Defence order boost: Premiere Explosive bags Rs 7.8 crore order from Ministry of Defence https://bit.ly/42gyKDm ·…
Only those investors who had placed bids at or above the cut-off price would be eligible for allotment The primary market is buzzing with activity with robust participation from market participants. With even larger issues such as NSDL and Anthem Biosciences getting subscribed over 40 times and 60 times, oversubscriptions are the norm....
The move comes as India, already the world’s No. 2 IPO market after the U.S., eyes record fundraising of up to ₹1.75 lakh crore ($20 billion) in 2025, surpassing the $20.5 billion raised in 2024 India's market regulator is speeding up clearances of initial public offerings (IPOs), boosting an already strong pipeline of share sales that could hit a record this year, according to regulatory and investment banking sources....
The fitness industry is driving a broader lifestyle and economic transformation. It supports allied sectors, including real estate, activewear and apparel, digital fitness platforms, health-focused food and nutrition, wellness tourism, and content creation India’s fitness industry is projected to double to ₹37,700 crore ($4.5 billion) by 2030, achieving a 15 per cent CAGR from ₹16,200 crore ($1.9 billion) in 2024, according to a report …
· Hindustan Zinc plans foray into fertilizers, plant commissioning targeted for Q1FY27 https://bit.ly/42pdUlb · Tata Power, Tata Motors set up mega EV charging hub in Mumbai https://bit.ly/46tVYs5 · MEBL acquires Mysuru’s Cheers Breweries ‘to strengthen South India presence’ https://bit.ly/4pb0BP7 &mid…
Jefferies says GST exemption on life and health insurance and lower rates on essentials could reshape India’s financial sector. Higher disposable income may boost credit demand for banks, NBFCs, insurers, and fintechs, while insurers face limited EV impact. India’s financial sector is in focus after the GST new rates were announced. The big question now is how can the GST relief and higher disposable income help in…
The dispute between SpiceJet and Credit Suisse reached the Madras High Court in 2015 and the Supreme Court of India in 2022. Shortly after, the two entities reached an agreement where SpiceJet agreed to pay $24 million to Credit Suisse against a claim of $41.77 million. SpiceJet has completed a payment of $24 million to Credit Suisse. The airline has made the full payment to the banker as part of its settlement agreed upon in May 2022. …
The water-based plant will have capacity to product 4 lakh kl per annum Asian Paints, the country’s largest paint producer, plans to invest ₹1,500-2,000 crore in setting up a new greenfield plant at Indore in Madhya Pradesh, as it looks to take on the growing competition in the sector....
· TVS Motor to pass on full GST cut benefits to ICE customers from Sept 22 https://bit.ly/3V8md0P · Asian Paints to invest ₹2,000 crore in new 4 lakh kl plant in Indore https://bit.ly/426gD39 · Gautam Solar to set up 5 GW solar cell manufacturing facility in Madhya Pradesh https://bit.ly/4mV1OZz · &n…
India is accelerating its infrastructure development with a focus on mega-projects like bullet trains, shipbuilding yards, and access-controlled highways, aligning with the Viksit Bharat 2047 vision. The government aims to boost economic growth through infrastructure creation, encouraging public-private partnerships to moderate spending. Ministries are directed to expedite project approvals, with a high-level committee reevaluating goals for fast…
Speaking at a recently organised conference by Barclays, Henrique Braun, Chief Operating Officer & EVP, the Coca-Cola Company said that the company continues to see India has a market with a “very long-term” growth potential Beverage major Coca-Cola is betting big on India’s long term potential, a market which has low per cap consumption levels but is also witnessing heightened competition.....
India for us is more than a market; it is a base for leveraging the amazing talent available here for our global operations, says Goli Samsung, the South Korea-headquartered conglomerate with diverse business interests, has had a long association with India. One of the key components of Samsung is its electronics division, which is one of the world’s largest in the IT, Consumer Electronics and semiconductor space.....
