Bosch group has acquired 74.2% stake in Johnson Controls-Hitachi Air Conditioning India (JCHAI). The acquisition is effective July 31, 2025 and is consequent to the $8 billion global deal, wherein Bosch announced a takeover of the AC solutions business for residential and light commercial buildings from Johnson Controls about a year ago. JCHAI’s acquisition positions … Read more
After the recent derivative lapse and the subsequent resignation by the CEO MD, Bank has finally appointed Mr. Rajiv Anand as the new MD & CEO. The appointment is for three years, effective from August 25, 2025 upto August 24, 2028. Rajiv is currently the Deputy MD of the Axis bank. CA by education, he … Read more
India has tightened rules to ensure stricter testing and labelling of cosmetics to enhance safety, check counterfeit products and clearly define spurious items, said two officials aware of the development. A failure to comply with the new rules introduced by the health and family welfare ministry will result in the suspension and cancellation of licences, … Read more
Tata Motors (TML) has offered to acquire 100% of Iveco Group N.V. Iveco officially came into existence on January 1, 2022, after splitting from CNH Industrial. Although it is incorporated as a Dutch company with its legal seat in Amsterdam, its core operations are based in Turin, Italy, where its headquarters are situated. Iveco Group’s … Read more
US president Donald Trump on Wednesday announced that India will have to pay 25 per cent tariff from August 1. Trump also said that India will have to pay an additional penalty for buying energy and arms from Russia. The 25% tariff rate announced for India is 1% less than the 26% declared by Trump … Read more
Zerodha’s Nithin Kamath has never shied away from straight talk. This week, he laid out a rare self-assessment of his company’s recent growth, or the lack of it, in public. In a detailed post on X (formerly Twitter), Kamath shared that while Zerodha continues to manage increasing volumes of investor wealth, the number of new … Read more
Stringent classification of Russia-origin fuels could create difficulties for Indian exporters. (AI image) Russia oil sanctions impact: Indian exporters will likely face challenges from the European Unin’s decision to sanction oil supply with Russia as its source of origin. The European Union’s ban on Russian crude-derived fuels, set to take effect from January 21 next … Read more