Ambuja Cements is merging its subsidiaries, Sanghi Industries and Penna Cement, to boost operational efficiency. Sanghi shareholders will receive 12 Ambuja shares for every 100 Sanghi shares. Post-merger, the Adani family’s ownership in Ambuja will slightly decrease to 67%, while…
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Nissan and Honda confirmed ongoing discussions about closer collaboration, denying merger reports. Nissan’s shares surged while Honda’s dipped following speculation of a potential merger including Mitsubishi, to create the world’s third-largest automaker. The companies are exploring joint development of electric…
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India’s auto industry plans to significantly reduce imports by making more parts locally. This includes key components like electric motors and transmissions. The industry has already made progress. It aims to achieve a total reduction of INR 25,000 crore. Component…
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Chinese fast-fashion giant Shein will return to India through a partnership with Reliance Retail, following a 2020 ban. Shein will act as a technology provider, while Reliance Retail controls operations and data, ensuring all information remains within India under strict…
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He lauded the fact that India is now the fifth country globally to have its own 4G system. Stating that after one lakh BSNL towers are established, the government will slowly start working in the 5G system with an upgrade…
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The Reserve Bank of India (RBI) lifted business restrictions on Edelweiss Group’s NBFCs, ECL Finance and Edelweiss ARC. The RBI had imposed these restrictions in May due to alleged “evergreening of stressed assets” involving structured transactions and connected AIFs. The…
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