LG Electronics India is reportedly preparing to launch its initial public offering in the week beginning October 6 to raise around Rs 11500 crore ($1.3 billion), a significant cut from its earlier expected valuation of $15 billion, Bloomberg reported citing sources familiar with the matter.The South Korean electronics giant secured regulatory approval for its … Read more
Three Coca-Cola bottlers in India will jointly invest ₹25,760 crore ($2.96 billion) to expand the country’s food processing infrastructure and have signed memoranda of understanding with the Ministry of Food Processing Industries for greenfield and brownfield projects, according to an industry official. SLMG Beverages, Hindustan Coca-Cola Beverages (Coca-Cola’s wholly-owned bottling arm), and Kandhari Group of … Read more
Generic drugmaker Natco Pharma is considering spinning off its agro business, a move for which it got an in-principle approval from the board on Thursday. The board of directors has given in-principle approval to evaluate the demerger of the agro business of the into a separate entity. The management is of the opinion that the … Read more
Finance minister Nirmala Sitharaman on Thursday called upon banks and financial institutions with strong balance sheets to step up lending for public infrastructure, industry and the MSME sector.Addressing the Foundation Day event of Bank of Maharashtra, Sitharaman highlighted the critical role of banks amid growing global uncertainty. “The global environment has become increasingly unpredictable. The … Read more
US President Donald Trump on Friday announced a 100% tariff on pharma products, along with 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on October 1.The announcements came in a series of posts on his social media platform indicating that he remains committed to tariffs beyond … Read more
Union Minister of Commerce and Industry Piyush Goyal delivers the keynote address at an event titled ‘Energy Security in a Shifting Global Landscape: Building Resilient Energy Markets Across Borders’, in New York, USA, on September 23, 2025. | Photo Credit: PTI India expects to increase its energy trade with the U.S. in the coming … Read more
Steel magnate Sajjan Jindal’s fully-owned car venture JSW Motors is in talks with BYD — the world’s biggest EV maker — and a clutch of other Chinese companies like Geely, Cherry, Xiaomi, Nio Auto, and Li Auto for platform and component access. The Indian company has lined up investments of nearly Rs 26,000 crore over … Read more
Automotive software developers in India, who are mostly focused on innovations around software-defined vehicle (SDV), are witnessing long development cycles, highest globally, as several regulatory pressures are compounding existing development bottlenecks, reported QNX, a division of BlackBerry Limited, a Canadian software firm that specialises in secure communications and IoT. The company here on Tuesday said automotive software … Read more
Nvidia will invest $100 billion in OpenAI to support the development of new data centers and other infrastructure needed to power the next generation of AI models from the ChatGPT maker. The two companies have signed a letter of intent to deploy at least 10 gigawatts of Nvidia systems for training and running the next … Read more