The Competition Commission of India (CCI) on Tuesday approved Mahindra & Mahindra’s proposal to acquire 58.96 % of commercial‑vehicle maker SML Isuzu for Rs 555 crore, clearing the way for a wider takeover bid under Sebi rules.“The proposed combination relates to acquisition of SML Isuzu Ltd (Target) by Mahindra and Mahindra Ltd (acquirer),” CCI said…
Pakistan and the United States have agreed to intensify negotiations on reciprocal tariffs with the aim of finalising a bilateral trade deal through continued technical engagement, according to Radio Pakistan.The agreement was reached during a virtual meeting on Monday between Pakistan’s Finance Minister Muhammad Aurangzeb and US Commerce Secretary Howard Lutnick, where the two sides…
The Competition Commission of India (CCI) on Tuesday approved logistics services provider Delhivery’s proposed acquisition of a 99.4% stake in Ecom Express for a cash consideration of up to Rs 1,407 crore.“The proposed combination comprises the acquisition of at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) of…
The rupee weakened by 30 paise to close at 86.34 against the US dollar on Tuesday, pressured by a sharp rise in global crude oil prices and growing geopolitical uncertainty in the Middle East. A stronger greenback and muted domestic equity markets further weighed on the local unit.At the interbank foreign exchange market, the rupee…
BENGALURU: MakeMyTrip has launched a two-part capital raise comprising a public equity offering and a private convertible note issuance, with the combined proceeds to be used for repurchasing a portion of its Class B shares from Trip.com Group, a travel agency headquartered in Shanghai, China.At MakeMyTrip’s last close of $100.88 apiece, the two transactions total…
The Hong Kong-based organisation, which began trading on the Nasdaq Capital Market in 2021, has witnessed an inexplicable 460-fold increase in 2025. (AI image) Imagine a stock rising a whopping 46,000%, when the company makes no revenue! As unbelievable as it sounds, that’s the case for a herbal medicine biotech company. The shares of Regencell…
Railways Minister Ashwini Vaishnaw on Tuesday inaugurated India’s largest Gati Shakti Multi-Modal Cargo Terminal for automobiles at Maruti Suzuki’s Manesar plant, calling it a key step in boosting logistics efficiency for the sector.The new terminal, connected to Patli railway station via a 10-km dedicated rail link, is part of the 121.7-km Haryana Orbital Rail Corridor…
NEW DELHI: India’s thirst for oil will rise increase than any other country at a million barrels per day (bpd) over the next five years, making it the main driver of global demand growth, the International Energy Agency said in its forecast to 2030 released on Tuesday.India currently consumes under 5 million bpd, 85% of…
Gold retains its position as a reliable protective asset, helping to minimise risks during persistent economic and geopolitical instability. (AI image) Gold continues to be a favourite for central banks! Amidst rising global economic uncertainties and geopolitical tensions, central banks around the world will continue to stock up on gold, says a World Gold Council…
China’s shipments to India by 12.4 per cent to $11.13 billion. (AI image) Donald Trump tariff impact: China has increased its exports to countries like India amidst the ongoing trade issues with the US. According to a Global Trade Research Initiative (GTRI) report, China has expanded its exports to India, European Union (EU), and the…
