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Hyundai Motor India Ltd on Thursday said Tarun Garg has officially assumed charge as its Managing Director & Chief Executive Officer (MD & CEO) from January 1, 2026. This is the first time an Indian national is heading Hyundai Motor India Ltd (HMIL), the Indian arm of South Korean auto major Hyundai Motor Company, since its inception 29 years ago. He succeeds Unsoo Kim, who is returning to a strategic role at Hyundai Motor Company (HMC), South Korea. It is a testament to Hyundai Motor Group's confidence in India's leadership and India's growing strategic importance in the global automotive landscape, HMIL said in a statement. This leadership transition underscores Hyundai Motor Group's confidence in India's growth story and its strategic importance, setting the stage for a new era of innovation, resilience, and progress, it said. Garg's leadership will focus on four key pillars of future-ready strategy; people and market focus; customer-centric approach and 'Make in India, ...
Tata Power on Monday said it is aiming for a capex of Rs 25,000 crore in the current fiscal year and will look to maintain the same annual spend till FY30. As per an investor presentation, 65 per cent of the capex is aimed at clean energy projects. Tata Power, which made a capital expenditure (capex) of Rs 17,273 crore in FY25, almost doubled the same to Rs 25,000 crore in FY26. The total capex estimated between FY26 and FY30 is Rs 1.25 lakh crore with Rs 25,000 crore spent annually, as per the presentation. In an interaction, Sinha said, "We are well poised to achieve our aspirations." In the power generation segment, the company had a thermal capacity of 15.7 GW in FY25, which it looks to scale up to 30 GW by FY30, he said. "From 7 GW of clean and green capacity, we aim to increase it to 20 GW almost three times by March 2031," Sinha said. The capacity of transmission lines both operational and under-construction stood at 7,047 circuit kilometres (ckm) as of FY25. The same wil
Air India chief Campbell Wilson on Wednesday said the pace of liberalisation of bilateral flying rights should not be "too much" that it undercuts the investments by Indian airlines and other aviation players. India is one of the world's fastest growing civil aviation markets, and various foreign carriers, especially from the Gulf, have been raising concerns that the country is not providing more bilateral rights as they look to tap the market potential. The Tata Group-owned Air India is working on revamping and expanding its fleet to offer more services amid rising air traffic demand. According to Wilson, around 95 per cent of the traffic that Indian airlines carry is terminating or originating in India. "For some of the other carriers, upwards of 60 per cent, 70 per cent and in some cases 90 per cent of what they are uplifting from India is transiting and going somewhere else. "And to the extent that Indian carriers have invested tens of billions of dollars in wide-body aircraft