As conflicts from Venezuela to West Asia drive a renewed surge in US demand for missiles and munitions, a less visible but increasingly critical bottleneck is emerging deep inside the American defence supply chain. The problem is not a lack of missile designs or prime contractors, but a growing shortage of solid rocket motors and,…
Sunil Mittal (File photo-ANI) New Delhi: Bharti Enterprises and Warburg Pincus on Wednesday announced a strategic investment in Haier India, a subsidiary of Chinese consumer electronics maker Haier Group, picking up a collective 49% stake in the company. This is the second Chinese company to have sold a significant stake in its Indian operations after…
MUMBAI: Linking Fastag with motor insurance can sharply reduce the number of uninsured vehicles and help govt recover nearly Rs 18,000 crore in GST revenue, General Insurance Council chairman and Bajaj General Insurance’s MD & CEO Tapan Singhel said. He said insurers have complete visibility of uninsured vehicles and the challenge is in enforcement. Integrating…
The National Company Law Tribunal (NCLT) has approved the merger of Suzuki Motor Gujarat Pvt Ltd with its parent company, Maruti Suzuki India Ltd, marking a key consolidation move for the country’s largest carmaker.A two-member bench of the Principal Bench in New Delhi, comprising President Ramlingam Sudhakar and Member Ravindra Chaturvedi, sanctioned the scheme of…
TVS Motor Company on Thursday said it has entered into agreements to divest its stake in bike-taxi aggregator Rapido for Rs 287.93 crore, marking a monetisation of its earlier investment in the Bengaluru-based mobility platform, PTI reported.In an exchange filing, the two- and three-wheeler maker said it has signed agreements with Accel India VIII (Mauritius)…
TOKYO: Japanese carmaker Honda Motor will make India a global manufacturing hub for its upcoming electric, Honda 0 α (alpha), whose prototype was unveiled at the Japan Mobility Show.The car has been developed for the Indian and Japanese markets, apart from other Asian countries. Its India debut will be in fiscal 2026-27. Honda Motor Co…
CHENNAI: TVS Motor Company has announced the establishment of its global centre of excellence (CoE) for design and engineering in Bologna, Italy. As part of this initiative, TVS Motor has agreed to acquire 100% ownership of Italian automotive design company Engines Engineering. The company said in its stock market notification that it has acquired 100%…