In a major development in the ongoing resolution process of Jaiprakash Associates Ltd (JAL), the Gaur family, the company’s original promoters, has re-entered the race with an ₹18,000 crore proposal to regain control of the debt-laden infrastructure conglomerate. The latest offer surpasses competing bids from Vedanta Group and…
India’s gross Goods and Services Tax (GST) collections rose 4.6% year-on-year to ₹1,96,000 crore (US$ 22.08 billion) in October 2025, supported by strong festive season demand, pent-up consumption, and recent GST rate cuts across key consumer segments. Despite rate reductions on 375 items, including essential goods, electronics, and…
Tata Consultancy Services (TCS) has unveiled a ₹57,701 crore (US$ 6.5 billion) capital expenditure plan to bolster its digital and artificial intelligence (AI) capabilities — a landmark move reinforcing India’s ambition to achieve technological self-reliance and counter growing concerns over “tech colonisation.” The company’s CEO & MD, Mr.…
India is preparing to launch a ₹30,000-crore (US$ 3.4 billion) tender for 87 long-range Medium Altitude Long Endurance (MALE) drones to strengthen its armed forces’ surveillance and strike capabilities. However, according to a report by The Economic Times, foreign-origin designs may edge out indigenous platforms, even though the…
Ford Motor Company has announced plans to invest approximately ₹3,250 crore (US$ 366 million) to restart manufacturing operations at its Maraimalai Nagar facility near Chennai. The revived plant will focus on producing next-generation powertrains, reaffirming Ford’s long-term commitment to India’s manufacturing ecosystem. Investment and Production Plans Production at…
The Unified Payments Interface (UPI) has emerged as the preferred payment mode during India’s festive season, with total transactions reaching ₹17.8 lakh crore (US$ 200 billion), according to a report by Bank of Baroda. This marks a significant increase from ₹15.1 lakh crore (US$ 170 billion) recorded during…
The India Maritime Week (IMW) 2025 concluded with a record-breaking ₹12 lakh crore (US$ 135.36 billion) in investment commitments and over 600 Memoranda of Understanding (MoUs) signed, marking a 41% increase over the Global Maritime India Summit (GMIS) 2023. The announcement was made by Union Minister for Ports,…
Knowledge Marine & Engineering Works Limited (KMEW) has announced the signing of strategic agreements worth ₹1,560 crore during India Maritime Week 2025, marking a major step in its expansion within the maritime services sector. The deals were signed with the Mumbai Port Authority and V.O. Chidambaranar Port Authority…
Abu Dhabi’s International Holding Company (IHC) has sought approval from the Competition Commission of India (CCI) for its proposed $1 billion investment to acquire a 43.46% stake in Sammaan Capital, a non-banking financial services firm. The move follows shareholder approval and marks one of the largest foreign capital…
DSP Mutual Fund has filed draft documents with the Securities and Exchange Board of India (SEBI) to launch its proposed Fixed Maturity Plans (FMPs) — Series 277, 278, and 279. These are close-ended debt schemes with investment tenures ranging from 30 days to 120 months, designed to generate…