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Nara Lokesh meets Amazon Web Services MD Rachel Skaff and Indra Nooyi, among others, in Las Vegas

Nara Lokesh seeks investments from Amazon Web Services and Salesforce for AI and technology development in Andhra Pradesh




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U.S. faces shortage of IV fluids, India alerts domestic firms to chip in 

The drug exporters body of India has asked Indian drug makers who have approvalsz, to express their willingness to supply to the U.S., where Hurricane Helene has caused damage to a manufacturing facility




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Sugar sector demands hike in sale price and ethanol prices

The Minimum Sale Price (MSP) of sugar should be increased to ₹39.14 a kg for the sugar season 2024-2025 from ₹31 a kg that was fixed in 2019




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Castrol India names Kedar Lele as its new MD

Castrol India appoints Kedar Lele as new Managing Director, bringing vast experience from Hindustan Unilever to drive growth




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Dabur Q2 profit down 17.6% to ₹417.5 cr impacted by inflation, squeeze in urban demand

The company had posted a net profit of ₹507.04 crore in the July-September quarter a year ago, Dabur India said in a regulatory filing




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Sensex, Nifty decline in early trade on unabated foreign fund outflows, selling in IT stocks

The Sensex and Nifty fall due to IT stocks and foreign fund outflows; Larsen & Toubro gains, U.S. markets close negative




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HDFC Bank unit HDB Financial Services files with SEBI for ₹12,500 crore IPO

The Public Offer Includes a reservation of Equity Shares for subscription by Eligible Employees and a reservation Equity Shares of Face Value of ₹10 each for subscription by eligible HDFC Bank shareholders




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Mahindra October auto sales up 20% YoY to 96,648 units; SUV sales up 25%

Including exports, the total SUV sales were 55,571 units. The domestic sales for Commercial Vehicles stood at 28812 units




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Royal Enfield October sales up 31% to 1,10,574 units

The company exported 8,688 motorcycles during the month




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High-value debt listed entities: SEBI proposes doubling threshold to ₹1,000 crore

Further, SEBI has proposed tweaking framework for ESG Rating Providers, particularly for those using a subscriber-pays model




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Lower sales realisation hit margins of cement makers in Q2

Industry observers said the increase in sales volume of UltraTech and Ambuja Cements is mainly due to the several acquisitions by both companies that consolidated their position further in the industry




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Government infuses ₹1,650 crore in Rashtriya Ispat Nigam Limited

“SBICAPS, a wholly-owned subsidiary of the State Bank of India, is preparing a report on the sustainability of RINL,” a press note said




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NTPC, ONGC green arms form 50:50 JV for renewable energy play

“The JVC will also seek opportunities to acquire renewable energy assets and will also consider participation in upcoming offshore wind tenders in Tamil Nadu and Gujrat,” a statement said 




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Maruti opens bookings for fourth generation Dzire

“By combining advanced powertrain options with thoughtfully curated features, the All-New Dzire is poised to deliver an exceptional experience,” an official said




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India becoming part of global drug development operation of BMS: Samit Hirawat 

Samit Hirawat discussed India’s growing significance as a site for clinical trials, innovations in drug development, and how technology is poised to help bring new products to market faster




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SEBI directs Embassy Office Parks to suspend CEO

Embassy REIT is India's first publicly listed Real Estate Investment Trust




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L&T, E2E Network form alliance for deployment of Gen AI solutions in India

“The partnership is a significant step towards adoption of GenAI solutions in India to foster a fundamental shift in the way Accelerated Computing on Cloud is used by Indian organisations,” the companies said




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Noel Tata appointed to Tata Sons board 

The move follows Noel Tata's appointment last month as the chairman of the powerful and influential philanthropic arm of the Tata group, called Tata Trusts




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Boeing factory strike ends as workers vote to accept contract

Boeing factory workers end strike with contract approval, securing wage increase and resuming production




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Southwest Airlines names IndiGo co-founder Rakesh Gangwal as Chairman

On November 4, Southwest announced the appointment of Mr. Gangwal as the independent Chair of the Board of Directors and also named new Board Committee Chairs.




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Solar cell manufacturing to outstrip global demand by 2024: report

The sector experienced huge growth in 2023 with solar cell, wafers and modules capacity nearly doubling in comparison with the previous year, says World Solar Market Report 2024




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Automobile retail sales witness 64% growth in October: FADA

The convergence of major festivals (Navratri & Diwali) in October significantly boosted consumer demand, FADA said.




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Royal Brunei Airlines begins direct flights to Chennai

Chennai will be the carrier’s sole destination in India




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Macrotech Developers to acquire Bain Capital’s stake in three digital infra platform entities for ₹307 crore 

The entities include Bellissimo Digital Infrastructure Development Management Pvt. Ltd., Palava Induslogic 4 Pvt. Ltd., and Bellissimo In City FC Mumbai 1 Pvt. Ltd., facilitated through Securities Purchase Agreements (SPAs).




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TCS signs multi year deal with Air France-KLM to modernise the airline group’s data

Over the next three years, TCS will modernise the airline group’s data by moving it to cloud, promoting the next generation of data-driven aviation. 




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Israel signs deal to acquire 25 F-15 fighter jets from Boeing Co

Delivery of the F-15 aircraft will begin in 2031, with 4-6 aircraft to be supplied annually




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Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore

The company, consolidated revenue for the period grew 10% to ₹37,924 crore Year on Year (YoY)




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Fintech Progcap to digitise supply chains of MSMEs to make them part of formal economy




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ED raids offices of sellers using Amazon, Flipkart platforms in FEMA probe

Amazon and Flipkart have for years faced allegations from Indian brick-and-mortar retailers that they violate foreign investment rules by working with select preferred sellers




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Trent Ltd Q2 net profit surges 44% to ₹339 crore

Consumer sentiment has remained relatively muted says Chairman Noel N Tata




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In a win for Elon Musk, Scindia says no to spectrum auction pitch from Ambani, Mittal

Elon Musk's Starlink and global peers like Amazon's Project Kuiper back an administrative allocation of spectrum for satellite broadband




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SBI Q2 net profit jumps 23% to ₹19,782 cr

The consolidated net profit for the corresponding period last year stood at ₹16,099 crore.




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Tata Motors Q2 consolidated net profit declines 11% to ₹3,343 crore

The company had posted a consolidated net profit of ₹3,832 crore in the same quarter of the last fiscal, Tata Motors said in a regulatory filing.




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Tea industry calls for scientific quality grading of tea

During the 141 th AGM of Indian Tea Association, the stakeholders of tea industry highlighted the challenges faced by the industry which included the “unsustainable increase in costs” amidst “unremunerative prices” with “adverse weather conditions across Assam and Bengal” further aggravating the situation. 




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Ratan Tata’s absence deeply felt across the world, writes PM Narendra Modi

He wore his achievements lightly, with humility and kindness.




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Singapore Airlines to invest additional ₹3,195 crore in Air India post-Vistara merger

Full-service carrier Vistara, which started flying on January 9, 2015, is a joint venture between Tatas and Singapore Airlines, where the latter holds a 49% shareholding




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Maruti Suzuki introduces All New Dzire at ₹6.79 lakh

So far over 27 lakh Dzire cars had been sold in India since its introduction in 2008. 




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Vedanta plans to invest $500 million in group firm AvanStrate Inc.

“This investment is aimed at driving innovation and expansion within ASI, strengthening its focus on R&D,” the company said




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Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement

Assuming full acceptance of open offer, the stake of Ambuja Cements will stand at 72.8%, said a notice filed with the CCI on Friday




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LTTS to acquire California firm Intelliswift for an aggregate consideration of $110 million

As per the filing, Intelliswift services four of the top five hyperscalers and caters to over 25 Fortune 500 companies including five of the top 10 ER&D spenders in Software and Technology




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Amul to enter Europe by end of this month: MD

The company will launch the products in Spain first and then look at expanding to other countries in Europe




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Travel brand Cox & Kings returns under the ownership of PE firm Wilson & Hughes Pte

Acquired through its Indian subsidiary, Wilson & Hughes PTE, has exclusively acquired the brand Cox & Kings along with over 200 plus specialised sub-brands that were part of its portfolio.




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Air India-Vistara merger complete; integrated entity to operate over 5,600 weekly flights

With the merger, Singapore Airlines will have a 25.1% stake in the enlarged Air India. Vistara was a joint venture between Tatas and Singapore Airlines.




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Lots of learnings from BharatNet’s first two phases: Telecom Minister

As significant contracts from the BharatNet broadband coverage programme’s third phase have been announced, Communications Minister Jyotiraditya Scindia said that the government was learning from the gaps in the first two phases.




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Industrial output returns to positive trajectory in September

The Index of Industrial Production inched up 0.7% from August levels to touch 146.7, but this was still the second weakest output level since December 2023.




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Natco Pharma Q2 net surges 83% to ₹677 crore on robust growth in formulation exports

Natco Pharma said that the company has shown continued strong growth during the second quarter driven by exports formulation business and stable domestic pharma business




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BCCI tells NCLT that it will move application for withdrawal of insolvency plea against Byju’s

Last month, Supreme Court had set aside a judgement of the National Company Law Appellate Tribunal (NCLAT) allowing a ₹158 crore settlement between ed-tech firm Byju’s with the BCCI.




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Aurobindo arm CuraTeQ Biologics gets GMP certificate from EMA 

The GMP inspection, conducted by EMA representatives, assessed mammalian and microbial drug substance manufacturing facility sections, prefilled syringes and vials filling, packaging and QC testing and release laboratories.




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Check backdoor appointments to govt. vacancies: Chennithala




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Centre for Development Studies: Looking to the future, evolving strategies to meet present-day challenges

CDS is evolving strategies for research and financial self-sufficiency while maintaining original mandate, exploring new programmes and training opportunities.