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Ignition of change in electric vehicle battery ecosystem in India

Manufacturers are gradually emerging in a business dominated by assembly operations

PE funds investment in warehousing saw 45% rise in 2022, shows data

This comes when total leasing of warehousing space in India increased from 51.3 million square feet in 2022-23, compared to 51.2 mn sq ft in 2021-22

Boom Motors renamed to Bharat New-Energy Company, launches inhouse battery

The company is also working on a portable fast charger that can plug into a standard three-pin 16A socket and charge the battery in two hours

Indo-German JV launches its first satellite on SpaceX Falcon 9 rocket

Azista BST aims to mass manufacture satellites in India for the global market

Vedanta's Sterlite Copper invites EoIs to 'restart' the Thoothukudi unit

The EoI for restart comes when the company is still awaiting the final judgement on the issue, and the court has only allowed it to do maintenance work

Amara Raja targets 150% rise in lead acid battery sales, plans expansion

The company is looking to increase the capacity of four-wheeler batteries from 19 million units now to 24 million units in the next three years

Star Health founder Venkatasamy Jagannathan resigns from company's board

From paying Rs 30K rent to nursing insurer to Rs 30K cr in m-cap, founder V Jagannathan resigns from company board - but his job is not over

FLDG guidelines: Digital lending industry seeks increase in default cover

Several players say default cover of up to 5% of loan portfolio may not be enough when compared to 100% offered by companies to banking partners earlier

RBI comes out with framework to permit default loss guarantee to fintechs

Followed by the RBI decision, fintech companies were forced to look at alternate options like co-lending small ticket loans, co-branded partnerships and revenue-sharing models

Monetary policy review: CBDC QR codes likely to be interoperable with UPI

RBI plans to have 1 mn active customers by June-end

MSP increase to impact CPI inflation by 10-12 basis points, says RBI

'Banks have been cautious. I think there is still some amount of liquidity sitting there', said Das

CBI probe recommended into Odisha train accident, says Ashwini Vaishnaw

MHA assisting us, no officers absconding right now: Railway Board

Sterlite Copper gets access to Thoothukudi unit for maintenance after 5 yrs

Comes after a three-member Supreme Court bench, headed by Chief Justice D Y Chandrachud, in April allowed Sterlite Copper to carry out maintenance

Milk wars boil over Amul's expansion plans in Karnataka, Tamil Nadu

Southern states see threats to the cooperative value chains with GCMMF's attempt to enter the procurement business

UPI transactions at record high of Rs 14.3 trn in May, spike in 10 days

Rise at a time when the government is pushing to bring various tax collections under digital payment

Walmart boost: India's readymade garment exports limping to normalcy in May

However, while export values are up, volumes remain subdued by at least by 5-10 per cent

Japanese medical devices major Omron to set up mfg unit in Tamil Nadu

Stalin's visit to Japan brings in investments worth Rs 1,300 crore

Minda may have its work cut out raising stake in component major Pricol

The question is how far Minda will drive itself in its bid to acquire market share

After Nandini row in Karnataka, now it's Amul vs Aavin in Tamil Nadu

Stalin writes to Amit Shah against Amul procuring milk from Aavin's milkshed area

Pricol gets relief from Madras High Court in tussle with Minda Corp

Court admits petition challenging Minda's application to CCI for raising its stake in auto component firm to 24.5%