“India’s forex reserves jumped by a record $44.903 billion to a new lifetime high of $785.706 billion during the week ended September 4, 2026,” the Reserve Bank of India (RBI) said on Friday (September 11, 2026). In the previous reporting week, the overall reserves increased $11.475 billion to a new all-time high of $740.803 billion. … Read more
India’s FTA with the EU will offer European automakers concessional tariffs on passenger vehicles, with annual quotas rising to 1.6 lakh, alongside tariff concessions on wines and select agricultural products. European carmakers will get a significantly wider opening to India’s passenger vehicle market under the proposed India-EU free trade agreement, with the draft pact released … Read more
Pet food and nutrition brand Lickicious has raised Rs 19 crore through a combination of equity and institutional debt, as it looks to scale its annual revenue to Rs 100 crore and expand into a broader, multi-category and omnichannel business. Lickicious, operated by Nuvexo Wellness Pvt Ltd, counts Prath Ventures as its lead institutional investor. … Read more
German car giant Volkswagen said on Thursday (September 3, 2026) that management and unions had agreed to cut a further 50,000 jobs by the end of the decade, bringing total job losses to 100,000. “It is essential to systematically align workforce levels with economic realities,” the 10-brand group said in a statement. The firm had … Read more
Markets regulator Sebi on Thursday said it will revise the settlement price mechanism for derivatives contracts for Closing Auction Session (CAS). The decision comes exactly a month after CAS was rolled out on Aug 3. Sebi will soon come out with a consultation paper for revising the mechanism, a release from the regulator said.During the … Read more
HDFC Bank MD & CEO Sashidhar Jagdishan has decided not to seek reappointment when his current term ends on October 26. He had assumed the role on October 27, 2020, succeeding the long-serving founder-CEO Aditya Puri. It was always doubtful whether he will be able to fill in the tall shoes of Mr Puri. The … Read more
OpenAI, the leading Artificial intelligence company, on Friday announced that it will end its partnership with Cursor. This development followed SpaceX acquisition of the AI-coding agent, signaling further escalation of the bitter rivalry between OpenAI CEO Sam Altman and SpaceX founder Elon Musk. The ChatGPT maker blamed trust issues for winding down their contract and … Read more
The National Company Law Tribunal (NCLT) has cleared a repayment proposal for Zee Group founder Subhash Chandra that would allow creditors to recover around ₹6.5 crore against admitted claims of ₹22,006.57 crore. The approval effectively leaves lenders facing a 99.97% haircut, meaning they would recover only about three paise for every ₹100 they are owed. … Read more
All the showrooms of the company will now be rebranded as TATA.CARS. Photo: Special arrangement. Tata Motors Passenger Vehicles Ltd. (TMPV) on Thursday (August 27, 2026) unveiled TATA.CARS, its new consumer-facing global brand identity nearly a year after Tata Motors Ltd was demerged into two separate companies housing the commercial vehicles and passenger vehicles business. All … Read more