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Business

Madhur Bajaj, Legendary Industrialist and Former Bajaj Auto Vice-Chairman, Passes Away at 73

Madhur Bajaj, former vice-chairman of Bajaj Auto and a key figure in India's industrial sector, passed away at 73. Survived by his wife and two daughters, his leadership left a las...

Business

RBI Introduces Innovative Strategy for Banks to Offload Stressed Assets Directly to Investors

The Reserve Bank of India proposes a new mechanism for banks and NBFCs to sell bad loans directly to investors, introducing resolution managers for asset recovery and setting new c...

Business

RBI Announces Massive Rs 40,000 Crore Liquidity Infusion to Boost Banking System

The RBI plans to inject Rs 40,000 crore into the banking system via government securities purchases, continuing its liquidity infusion strategy to support the economy. This move fo...

Business

February's IIP Growth Slows to 2.9%, Marking the Lowest in Half a Year Amid Global Tensions

India's industrial production growth slowed to a six-month low of 2.9% in February, impacted by sluggish manufacturing and mining sectors and global tensions. Experts remain cautio...

Business

General Motors Slashes Electric Van Production in Canada Amid Market Demand Shifts

General Motors reduces BrightDrop electric van production in Canada due to market demand, leading to job cuts and a temporary plant shutdown, while affirming commitment to EV produ...

Business

Billionaire John Malone Steps Down from WBD Board, Transitions to Chair Emeritus Role

Warner Bros. Discovery announces John Malone's transition from board member to chair emeritus, ensuring his continued strategic input, while nominating Anton Levy for board electio...

Business

Scania Powers Up: VW's Truckmaker Acquires Northvolt's Battery Systems to Electrify Heavy Industry

Volkswagen AG's Scania acquires Northvolt Systems Industrial unit, enhancing its electrification capabilities with new production facilities, research center, and 260 employees, de...

Business

Lucid Motors Accelerates Growth in Arizona with Major Expansion and 300+ New Jobs

Lucid Group, Inc. is set to expand its Arizona operations by acquiring Nikola Corporation's former facilities, adding over 884,000 square feet and creating 300+ jobs for former Nik...