Reliance Industries (RIL), India's largest conglomerate, is set to pivot into a deeptech and advanced manufacturing enterprise, chairman and managing director (CMD) Mukesh Ambani said. "In artificial intelligence, our purpose is clear: to address complex societal challenges and create wealth for the nation and its people.
'BSE has facilitated nearly Rs 35 trillion in capital raising across multiple segments.'
'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'
Google Pay, PhonePe, and Paytm may deliberately delay transactions, issue fraud alerts, and require an extra layer of user confirmation before processing any transactions that are likely to be classified as fraudulent.
Aerospace major Rolls-Royce has announced its intention to double its supply chain sourcing from India over the next five years. The company plans to increase sourcing of complex parts for advanced aerospace engines, naval propulsion systems, diesel engines, and gas turbine engines to grow its presence and participation in India's defense sector. Rolls-Royce currently sources a wide range of high-precision parts and engine components from Indian partners for its civil aerospace, defense, and power systems businesses. The company highlights India's emergence as a preferred global sourcing hub and emphasizes its commitment to strengthening partnerships with both existing and potential Indian suppliers to develop capabilities for manufacturing complex engine components locally for global markets. Rolls-Royce highlights its established ecosystem of strategic partnerships, skilled talent, engineering and digital capabilities, service delivery, supply chain, and manufacturing in India, along with a history of successful technology transfer for licensed production of various engines in the defense domain. The company believes that strengthening the supply chain and enhancing ecosystem capabilities will pave the way for future co-production opportunities, supporting India's vision of becoming a self-reliant defense powerhouse. Rolls-Royce emphasizes its commitment to serving the needs of India's armed forces and its focus on participating in co-development opportunities for critical combat engine technologies.
Siam argues that a 2040 ban could destabilise ongoing and future investments and threaten millions of jobs in the automotive value chain.
United States President Donald Trump has ordered the dismantling of the government-funded news agency Voice of America (VOA), accusing it of promoting biased media reports, as reported by Fox News.
Global home decor and furniture retailer IKEA has ambitions to increase sourcing from India to 50 per cent, Swedish trade minister Benjamin Dousa said on Wednesday. IKEA's sourcing basket includes textiles, plastics, and metals, among others, and the company plans to add more items.
Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed on Thursday. The nod came in March this year, according to sources.
JV to export e-carts, aim for 10% global market share, $1 bn turnover and innovation in driverless tech.
Last-minute efforts are underway to halt the scheduled execution of an Indian nurse in Yemen, with a Sufi scholar leading negotiations with the victim's family.
Understand policy inclusions and exclusions to avoid surprises during claims.
'As long as Sebi maintains transparency and market stability, the Jane Street episode is unlikely to deter long-term foreign capital.'
'That refresh programme -- because they are big aircraft and we cannot ground them all at the same time -- will last well into 2027.'
For India, the challenge is to strike a balance between tactical necessity and economic priorities, point out Pravin Krishna and Monil Sharma.
Travellers are keen to explore traditional Indian arts and crafts like Madhubani painting in Bihar, pottery and weaving workshops in Rajasthan, or Kathakali and Kalaripayattu training in Kerala.
Global energy giant Shell has acquired Mumbai-based Raj Petro Specialities to deepen its foothold in the world's third biggest lubricants market in the world, a top company official said. Shell, which has already invested over $5 billion in India across the energy value chain -- from LNG import terminals and fuel stations to renewable energy and technology centres -- has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from Germany's Brenntag Group.
Akasa Air's standalone net loss rose 18.7 per cent year-on-year (Y-o-Y) to roughly Rs 1,983 crore in 2024-25 (FY25), driven by rising employee costs, aircraft maintenance and airport charges, and a sharp increase in foreign exchange (forex) expenses, sources privy to the development told Business Standard.
Skoda India sees growth in automatics and network expansion as key drivers to reach 3 per cent market share, with EV plans and a new SUV also in the works.
US President Donald Trump has announced a 25 per cent plus tariff on India from Aug 1. Trump, describing India as a "friend", said the US has done relatively "little business" with the country because of its high tariffs.
'In the luxury car segment, the adoption of EVs is almost double compared to the mass market.'
rediffGURU Dr Ganesh Natarajan offers advice on how to build and scale your first start-up.
Streamlining enterprise data, having an AI policy, reskilling people, and cultural transformation have been cited by experts as key.
'Despite being a software powerhouse, we're not producing proportionate original IP, frameworks, or global tech products originating in India.'
'Taxpayers' money cannot be given to these companies which can access the market and buy GPUs at a competitive price from any vendor.'
'We recently launched Yesintek in the immunology space.'
A new global study on Wednesday listed India among the top fintech hotspots alongside the US and the UK. The World Economic Forum study, released at its Annual Meeting of New Champions in China's Tianjin, also said the fintech sector growth is stabilising amid strengthening profitability and inclusion.
Housing demand should improve nationwide after the Reserve Bank of India (RBI) cut the repo rate by a larger-than-expected 50 basis points (bps) on Friday, said real estate industry executives. The rate cut comes after housing sales in top Indian cities in the first quarter of 2025 dipped 28 per cent due to skyrocketing residential property prices and geopolitical headwinds, according to Anarock.
After HPCL, the government headhunter struggled to find a suitable candidate for the top job at Bharat Petroleum, as most applicants were narrow specialists lacking multidisciplinary experience needed to run a large organisation. The Public Enterprise Selection Board (PESB) last month interviewed a dozen candidates including BPCL director (finance) Vetsa Ramakrishna Gupta and its director (refineries) S Khanna but found none suitable for the job of chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL), according to a PESB order.
This innovation has made mainframes the fastest-growing segment within IBM's Infrastructure business, demonstrating that even legacy technologies can continue to deliver value.
Private and public defence players can bid to participate in the stealth fighter development programme independently, as a joint venture, or as consortia.
'$125 million for the hull and the remaining of over $350 million for liability.'
'Raising the entire amount in one go may not be prudent, given the market dynamics.'
Digipin promises to revolutionise location-based services in India with safeguards.
'Make-in-India played a key role in India's effective action against terrorism during Operation Sindoor.'
Tesla's official entry into the Indian market is expected in the final quarter of the current financial year.
'A large part of my effort will be solving issues for the whole of Sugar Land, all communities, all populations.'
Valuations at current levels have historically corresponded single-digit returns.
The operations of many global carriers, including Qatar Airways, have also been impacted due to the airspace curbs in the wake of the Middle East tensions.
Buoyed by regulatory overhaul and infrastructure boom, engineering conglomerate Larsen & Toubro (L&T) has identified realty business as one of its growth engines for the next 10 years and plans to acquire land parcels while expanding pre-sales, said a senior company executive. L&T Realty has started looking out to acquire land parcels and grab partnership development opportunities across markets to scale up its business. "We are making some strides in that direction, albeit cautiously.
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