The Indian government is reportedly close to accepting a revised offer from Fairfax Financial Holdings Ltd. for the acquisition of a stake in IDBI Bank Ltd. The Canadian investment firm may increase its per-share bid by a few rupees after its initial valuation was rejected for being below the government’s reserve price, according to sources…
Raijor Dal founder and Sibsagar MLA Akhil Gogoi has welcomed the Supreme Court’s decision to set aside 27 Gauhati High Court judgments that had upheld orders of the Foreigners Tribunals declaring individuals as foreigners, describing the ruling as a strong reminder that citizenship issues must be decided strictly according to law.Reacting to the apex court’s…
Hyundai is gearing up to strengthen its presence in the Indian SUV market with the planned introduction of six new sport utility vehicles spanning hybrid, electric, and three-row configurations. The upcoming lineup is expected to cater to a wide range of customers, from urban buyers seeking fuel-efficient hybrid models to families looking for spacious seven-…
Honda Motorcycle & Scooter India (HMSI) plans to create more than 3,800 new jobs as it expands its annual two-wheeler production capacity in India to approximately 8 million units by 2028. The expansion reflects Honda’s growing focus on India as a key manufacturing and export hub for both domestic and international markets. According to HMSI…
Nuvama Asset Management and Cushman & Wakefield’s joint venture, NCW Management, has achieved the final close of its Prime Offices Fund with a corpus of ₹4,000 crore. The fund, launched in 2024 with an initial target of ₹3,000 crore, was expanded following strong investor interest and significant deployment opportunities in India’s commercial real estate sector….
A US federal court is unlikely to reject the Department of Justice’s (DOJ) request to dismiss the criminal case against Indian billionaire Gautam Adani, according to legal experts. The experts said it would be highly unusual for a court to force prosecutors to continue pursuing a case after the executive branch has decided to withdraw…
Commercial vehicle manufacturer Ashok Leyland has partnered with Rosmerta Recycling to establish a seamless and customer-friendly vehicle scrappage ecosystem for old commercial vehicles across India. The initiative supports the Central Government’s voluntary vehicle modernisation programme, which encourages the replacement of ageing and polluting vehicles with cleaner, more fuel-efficient alternatives. Under the partnership, Ashok Leyland will…
India’s quick commerce (qcom) sector is entering a new phase of intense competition as major e-commerce players Amazon and Flipkart ramp up their presence in the rapidly growing 10-minute delivery space. After initially adopting a wait-and-watch approach, both companies are now expanding their offerings to challenge established players such as Blinkit, Instamart and Zepto, which…
HCLTech has secured a $1.14 billion deal from a European company, marking a significant win for India’s third-largest IT services firm at a time when the industry is navigating subdued client spending and weak discretionary demand. The client, identified as a Fortune Global 50 company, has not been named. Under the contract, HCLTech will help…
Pune-based automaker Bajaj Auto has posted a stellar performance for June 2026, delivering a robust 28 percent year-on-year increase in total sales. The company sold 463,202 units compared to 360,806 vehicles in the same month last year. While domestic markets showed a steady 11 percent volume growth to reach 209,837 units, the primary engine of…
