RBI May Relax Rules for Foreign Ownership in Indian BanksÂ
India’s central bank for finance, the Reserve Bank of India, is preparing to update rules so that foreign banks can own more of India’s banks. This move is driven by overseas interest in acquisitions and the economy’s need for long-term capital. Last month, the Reserve Bank of India (RBI) relaxed rules for Japan’s Sumitomo Mitsui…
Sumit
IndiGo to Buy Another 30 A350 Planes from Airbus
IndiGo revealed on Sunday that it is buying another 30 A350 aircraft from Airbus, bringing its overall order to 60 of these planes. Last year in April, the airline ordered 30 A350 planes and could order up to 70 more if they chose. IndiGo CEO Pieter Elbers said at a press conference in Delhi that…
UN May Eliminate 7,000 Jobs Amid Financial CrisisÂ
According to a memo seen by Reuters, the United Nations Secretariat plans to reduce its budget by 20% and eliminate about 6,900 jobs. The United States and its funding problems are causing a financial crisis for the world body, so the Organisation is urging all member states to suggest cuts by June 13. In addition…
Abdullah Ansari
Apple Exports 11.5M iPhones from India to the US in 4 Months
Apple sent around 13.2 million iPhones from China to the US from January to April 2025. At the same time, India shipped over 11.5 million iPhones to the US, per estimates. At first, it may seem that China is leading, but there is more to the story if you look closely. Since last year, India…
Bengaluru Ranked Among World’s Biggest Tech HubsÂ
Bengaluru’s tech workforce crosses 1 million among 12 global tech hubs. As per CBRE‘s newly released Global Tech Talent Guidebook 2025, Bengaluru made its strong position as one of the worldwide leading technology hubs, in the list of top-ranked cities, which includes San Francisco, New York and London. Bengaluru has also become the largest tech…
Shipra Prajapati
JSW Paints to Acquire Akzo Nobel’s India BusinessÂ
JSW Paints plans to expand its business by acquiring a major stake of 74.56% of Akzo Nobel India for ₹ 9,000 crore. This takeover will make JSW Paints an important leader in the decorative and industrial paint sector. The transaction is anticipated to close by mid-June and will be accompanied by an open offer to…
Bhuvanesh Mendiratta Takes Over as Managing Director of Miraj Cinemas
Mumbai, May 26, 2025: Miraj Cinemas, India’s third-largest and fastest-growing multiplex chain, has announced the appointment of Bhuvanesh Mendiratta as its new Managing Director. He takes over from Amit Sharma, who has stepped down after successfully leading the company for over 14 years to pursue newer opportunities. Mendiratta has been closely associated with Miraj Cinemas…
Bajaj Auto to Take Over KTM in ₹7,765 Crore Deal
On Thursday, Bajaj Auto announced that it will acquire a stake of ₹7,765 crore in Austrian motorcycle manufacturer KTM AG from its completely owned subsidiary, Bajaj Auto International Holdings BV (BAIHBV). This deal will be a remarkable achievement for Bajaj Auto, transforming it from a minority stakeholder to a majority owner. Additionally, this deal will…
Himanshu
Accenture to Foster 50,000 Staff After a 6-month Delay
Accenture will add approximately 50,000 employees globally in June. The decision was delayed for six months due to a slowdown in the consultancy firms. The company mainly aims to uplift employee morale, which will result in 6% of its workforce. It acknowledges economic uncertainty and operating margins by increasing pay to employees in key growth…
Foxconn Boosts India Bet with $1.5 Billion Infusion
Chief supplier to Apple, Foxconn, is continuing to expand in India with another new investment amounting to $1.5 billion, indicating, against a backdrop of escalating tensions, Foxconn’s plans to raise its commitment to diversifying production away from China. The funds come through Foxconn’s Singapore-domiciled subsidiary, which has injected 12.7 billion shares of its Indian arm,…
