MG Motor India retail sales up 25% to 5,006 units in May

MG Motor India in a statement said it remains optimistic about growth and meeting the rising customer demand through various ongoing and planned production and operational initiatives.

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Jaguar Land Rover recalling I-PACE vehicles in US over fire risks

JLR, which is owned by India#39;s Tata Motors, on Wednesday said the battery energy control module software will be updated and battery modules will be replaced as necessary in certain 2019-2024 model year vehicles.

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US set to allow GE to make engines in India for New Delhi#39;s military jets

A deal finalizing the joint production of the engines is expected to be inked and announced by the time President Joe Biden hosts Indian Prime Minister Narendra Modi for an official state visit on June 22, the people said on condition of anonymity because the decision has not been made public.

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Xiaomi partners with Dixon Technologies to make mobile phones in India

The news, which boosted Dixon#39;s shares by 4%, comes after Xiaomi India revealed plans to start making wireless audio products in the country by partnering with electronics manufacturer Optiemus.

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Wrestlers Protest LIVE: Farmer leader Naresh Tikait announces Mahapanchayat in Muzaffarnagar

Wrestlers Protest LIVE: A#39;mahapanchayat#39; will be held in Muzaffarnagar#39;s Soram village on June 1 to discuss wrestlers#39; ongoing protest against Wrestling Federation of India chief Brij Bhushan Singh over sexual harassment claims, according to Bharat Kisan Union leader Naresh Tikait. Tikait, the head of Balyan khap, stated on May 30 night that the topic will be thoroughly reviewed in the Mahapanchayat.

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PM Modi to launch BJP#39;s pan-India campaign #39;Maha Jansampark#39; today

Prime Minister Narendra Modi on Wednesday will launch Bharatiya Janata Party#39;s (BJP) month-long pan-India campaign, #39;Maha Jansampark#39;, in poll-bound Rajasthan#39;s Ajmer today covering all 543 Lok Sabha constituencies.

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Manipur Violence Update: PM Modi to launch BJP#39;s pan-India campaign #39;Maha Jansampark#39; today

Prime Minister Narendra Modi on Wednesday will launch Bharatiya Janata Party#39;s (BJP) month-long pan-India campaign, #39;Maha Jansampark#39;, in poll-bound Rajasthan#39;s Ajmer today covering all 543 Lok Sabha constituencies.

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Sun Pharma, Philogen join hands to commercialise skin cancer drug in Europe, Australia, New Zealand

The companies have come together to commercialise Philogen#39;s speciality product Nidlegy, an anti-cancer biopharmaceutical currently in Phase III clinical trials, Sun Pharma said in a statement.

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Jubilant Pharmova announces leadership changes; Priyavrat Bhartia takes over as MD

Hari S Bhartia has decided to step down from the position of Managing Director of the company effective closing business hours of May 31, 2023 and he shall continue as Co-Chairman, Non-Executive Director on the board of the company, Jubilant Pharmova said in a regulatory filing.

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Apollo Micro Systems board approves Rs 200-crore fund raising plan

A decision on the fund raising plan was approved by the board of directors at its meeting on Monday.

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Omron to open first Indian medical devices plant in Tamil Nadu: Report

Omron will make devices including blood pressure monitors and will invest nearly 1.3 billion Indian rupees (about $15.7 million) to set up the plant, the sources said, declining to be identified ahead of an official announcement later on Tuesday.

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Inox Wind bags 150 MW repeat order from NTPC Renewable

The 150 MW turnkey wind power project order is to be executed in Gujarat. It takes Inox Winds’ total project awards from NTPC to 550 MW

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Cash-hungry Adani utility shows funding urgency to power India

Few parts of Adani’s empire underscore the urgency of that funding for the billionaire — and also for the government of Indian Prime Minister Narendra Modi — better than Adani Transmission Ltd.

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Smartwatch maker in talks to raise funds to expand India push

Nexxbase Marketing Pvt, which sells smartwatches and earphones under its Noise brand, seeks funds to add products and gain market share in its home base of India, where 100 million wearable devices were sold last year, people familiar with the matter said.

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Inside Paisabazaar’s ongoing pivot to a recurring revenue modelÂ

PB Fintech’s lending marketplace targets earning a third of revenue from recurring revenue products in the next two to three years 

from Moneycontrol Business News https://www.moneycontrol.com/news/business/inside-paisabazaar’s-ongoing-pivot-torecurring-revenue-model _17043351.html

Bank Holidays in June 2023: Full list

Bank Holidays in June 2023: Last week, the Reserve Bank of India announced the withdrawal of its highest-value currency note, Rs 2,000, from circulation

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EaseMyTrip Q4 FY23 – Strong sector tailwinds offset heightened competitive intensity

Thanks to the boom in travel, the earnings trajectory should remain strong and investors could expect stock returns to closely mimic earnings

from Moneycontrol Business News https://www.moneycontrol.com/news/business/easemytrip-q4-fy23-–-strong-sector-tailwinds-offset-heightened-competitive-intensity_17041151.html

India gets a new Parliament building: All you need to know

Spread over 64, 500 square metres, the new Parliament house is a triangular four-storeyed building equipped with the state-of-the-art technology and can seat 888 members in the Lok Sabha chamber and 300 in the Rajya Sabha

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Corporate Crossings | Rahul Jain chosen as new India Office Lead for Boston Consulting Group

Jain who steers BCG#39;s Industrial Goods practice across the Asia Pacific region is set to replace Alpesh Shah who has led BCG#39;s India office since September 2018.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/corporate-crossings-|-rahul-jain-chosen-as-new-india-office-lead-for-boston-consulting-group_17038041.html

India gets a new Parliament building tomorrow — all you need to know

Spread over over 64, 500 square metres, the new Parliament house is a triangular four-storeyed building equipped with the state-of-the-art technology and can seat 888 members in the Lok Sabha chamber and 300 in the Rajya Sabha

from Moneycontrol Business News https://www.moneycontrol.com/news/business/india-getsnew-parliament-building-tomorrow-—-all-you-need-to-know_17037961.html

Moneycontrol Pro Weekender: Surf’s UpÂ

Not only has slower global growth helped India through lower commodity prices, higher inflation in advanced economies has also boosted outsourcing 

from Moneycontrol Business News https://www.moneycontrol.com/news/business/moneycontrol-pro-weekender-surf’s-up _17037911.html

Satyendar Jain Health Live Updates: Supreme Court grants interim bail to AAP leader on medical grounds

Live News Updates: The Supreme Court bench granted interim bail to the AAP leader for six weeks to get treated in a private hospital of his choice.

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Parliament inauguration row live updates: #39;Sengol#39; moved to Delhi ahead of inauguration ceremony

TMC#39;s Abhishek Banerjee voiced the party#39;s strong protest against the Modi Government for not inviting President Murmu to the inauguration of the new Parliament building

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Enough signals from government that FAME is on last legs, says Bajaj Auto#39;s Rakesh Sharma

Rakesh Sharma said that for Bajaj Auto, the restructuring of FAME will lead to a Rs 20,000 reduction in subsidy per scooter. The company is evaluating how to address this subsidy cut in vehicle pricing.

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New Parliament inauguration Live updates: Rs 75 Coin to mark building launch

Finance Ministry issues notice to mint Rs 75 coin to mark new Parliament building launch

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Pratt Whitney says India#39;s Go First has no right over engines

The Indian airline has approached the Delaware court to enforce an arbitration order it won in Singapore against Pratt Whitney, which it blames for its financial troubles and argues the U.S. firm failed to supply engines on time. Pratt says those claims are without merit.

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Moneycontrol Selects: Top stories this afternoon

Our specially curated package of the big stories to help you stay at the top of your game.

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Satyendar Jain Hospitalised Live Updates: AAP leader admitted to the ICU on oxygen support

Live news updates: AAP leader Satyendar Jain admitted to the ICU of LNJP hospital in Delhi after he was referred here from Deen Dayal Upadhyay Hospital. Jain is on oxygen support. He was taken to Deen Dayal Hospital earlier today when he felt dizzy and fell in the bathroom of Tihar jail.

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Delhi-Dehradun Vande Bharat Express Live Updates: The world wants to come to India to see the country, says PM Modi

Live news updates: Prime Minister Narendra Modi virtually flags off the inaugural run of Uttarakhand#39;s first semi-high speed Vande Bharat Express train connecting Dehradun with New Delhi in Dehradun

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Vande Bharat Express Live Updates: PM Modi flags off Uttarakhand#39;s first semi-high speed Vande Bharat Express

Live news updates: Prime Minister Narendra Modi virtually flags off the inaugural run of Uttarakhand#39;s first semi-high speed Vande Bharat Express train connecting Dehradun with New Delhi in Dehradun

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UK set to win battle to host Tata electric car battery plant

The boss of Jaguar Land Rover-owner Tata is expected to fly to London next week to finalise the deal, the BBC report added.

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LG India expects 10% growth, exploring new business categories, says MD

India is an important market for the South Korean chaebol, where it sees a "big potential" as the economic situation is bright compared to other global markets with a growing population with more youths, he said.

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Blackstone-backed Lumina CloudInfra begins work on hyperscale data centre in Navi Mumbai

The state-of-the-art facility is set to encompass multiple data centre buildings, boasting an impressive capacity that surpasses 60 megawatts of critical IT load.

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Jimny to have positive rub off effect on Maruti brand as automaker eyes top spot in SUV space

The company, which is set to launch the model in the country next month, expects it to play a role along with other models like Brezza, Fronx and Grand Vitara to take the top position in the SUV segment.

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Dentons grows in India as Baker McKenzie, others weigh new rules

The deal, which involves no transfer of money, ownership or foreign lawyers, remained unaltered after it was first announced in October — even after India relaxed rules to allow foreign lawyers and firms to practice in the country.

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Dentons grows in India as Baker McKenzie, others weigh new rules

The deal, which involves no transfer of money, ownership or foreign lawyers, remained unaltered after it was first announced in October — even after India relaxed rules to allow foreign lawyers and firms to practice in the country.

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Anil Agarwal’s Vedanta raises about $850 million via JPMorgan, Oaktree Loan

The Indian mining company inked a five-year deal with JPMorgan Chase Co. and Oaktree, according to people familiar with the matter, who asked not to be named because the matter is private.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/anil-agarwal’s-vedanta-raises-about-36850-million-via-jpmorgan-oaktree-loan_17023781.html

DLF Chairman Rajiv Singh wealthiest Indian real estate entrepreneur with fortune of Rs 59,030 crore: Report

With a wealth of Rs 42,270 crore, Mangal Prabhat Lodha and his family of Macrotech Developers (Lodha Group) is at the second position.

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Zoom raises full-year forecasts despite slowing growth

Zoom has raised its full-year revenue and profit forecasts, defying a slowdown in growth following the pandemic boom and facing tough economic conditions, according to Reuters. Despite an initial rally, the company#39;s shares pared gains to a 0.7 percent increase after-market hours.

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Sudden reduction of subsidy of electric two-wheelers may lead to major decline in EV adoption: SMEV

Startup players in the electric mobility space, however, welcomed the government#39;s decision saying it was time for the EV industry to stand on its own.

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INDIAai working groups likely to submit AI framework soon: Report

Apart from establishing a regulatory framework the working groups also seek to bolster India#39;s push for AI by evaluating methods for capacity building, skilling and promoting startups in AI.

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Safari Industries — Can the stock continue to fly?

With an unprecedented surge in travel, multiple growth levers are at play for this luggage company

from Moneycontrol Business News https://www.moneycontrol.com/news/business/safari-industries-—-canstock-continue-to-fly_17021021.html

Adani stocks head for best day since Hindenburg report

The 10 Adani stocks have added about $10 billion to their market value in today’s session so far, poised to be the biggest increase since Hindenburg’s scathing report in January.

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Lenders, housing, housing-related stocks, the best way to play investment upcycle

Real estate continues to be the bigger driver of household investments, and household investments dominates growth in capital formation in the country

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RateGain – Will this SAAS player continue to outperform?

Sectoral tailwinds are strong and the company’s operating leverage benefit should result in a meaningful earnings traction

from Moneycontrol Business News https://www.moneycontrol.com/news/business/rategain-–-will-this-saas-player-continue-to-outperform_17019331.html

IIFCL aims loan sanctions of Rs 35,000 crore, Rs 2,000 crore profit in FY24

Regarding loan sanctions, the company is aiming at Rs 35,000 crore while the disbursement target is about Rs 20,000 crore during the current financial year, IIFCL managing director P R Jaishankar told PTI.

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IIFCL aims loan sanctions of Rs 35,000 crore, Rs 2,000 crore profit in FY24

Regarding loan sanctions, the company is aiming at Rs 35,000 crore while the disbursement target is about Rs 20,000 crore during the current financial year, IIFCL managing director P R Jaishankar told PTI.

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News Highlights: WFI chief Brij Bhushan Singh says ready for narco test if Punia, Phogat take it too

Wrestling Federation of India chief and BJP lawmaker Brij Bhushan Sharan Singh, who is facing allegations of sexual harassment from a section of wrestlers, said he is ready to undergo a narco test, if Bajrang Punia and Vinesh Phogat take it too.

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Live News Today: Ukraine President Volodymyr Zelenskyy arrives in Japan

Business and Political news updates:Ukraine President Volodymyr Zelenskyy on saturday landed in Hiroshoma, Japan to attend the annual summit of G7, the world#39;s most industrialised ccountries.

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Live News Today: PM Modi meets Joe Biden in Japan

Business and Political news updates: Prime Minister Narendra Modi and US President Joe Biden share a hug as they meet in Hiroshima, Japan.

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