"Where Facts Speak Louder."
NEW DELHI: India’s economy is projected to grow by 6.3% in 2025-26 and 6.4% in 2026-27, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday. It forecast global growth to slow to 2.9% in 2025 and 2026 due to substantial barriers to trade, tighter financial conditions, diminishing confidence, and heightened policy uncertainty.The projections…
NEW DELHI: For Airbus, IndiGo and Air India are now among the top three airline customers globally with the maximum backlog or aircraft yet to be delivered, according to the aerospace major’s EVP (sales, commercial aircraft) Benoit de Saint-Exupery. It has to deliver 916 and 344 aircraft, majority of which are narrow body, to IndiGo…
PARIS: While acknowledging unprecedented disruption of multilateral trading system, WTO chief Ngozi Okonjo-Iweala on Tuesday raised the issue of China-backed investment facilitation. While India is opposing this, Okonjo-Iweala wants New Delhi to support the move. “We spoke about issues of reform, about issues that India is interested in, like agriculture and how India needs to…
MUMBAI: Yes Bank’s board approved several proposals, including a plan to raise Rs 7,500 crore via equity and Rs 8,500 crore via debt, following Japan’s Sumitomo Mitsui Banking Corp’s planned entry as a strategic investor. The decisions, taken on June 3, mark a shift in the bank’s capital structure and governance framework. The proposals are…
BENGALURU: Aakash Educational Services filed an application before the NCLT in Bengaluru, seeking to dismiss a petition filed by Byju’s and calling for the impleadment of consultancy firm EY and its partner Ajay Shah. AESL alleged a conflict of interest, citing EY’s past advisory roles in transactions now being challenged by the resolution professional (RP)…
MUMBAI: Existing shareholders in four companies are planning to sell their stakes through block trades on Wednesday, aiming to mobilise about Rs 3,500 crore, sources said. Private equity major TPG is selling its entire 2.1% stake in Tata Technologies, which could fetch about Rs 630 crore. Through another block trade, CA Dawn Investments, an arm…
HYDERABAD: California-based AI-powered SaaS solutions provider Evergent has opened its global value centre in Hyderabad.The company, which has already onboarded over 600 engineering and AI professionals in Hyderabad, plans to scale this up to over 1,000 employees by 2025 end.Inaugurating the new GVC, IT & industries minister Duddilla Sridhar Babu said Telangana is ready to…
WestBridge Capital on Tuesday sold a 12.4 per cent stake in Aptus Value Housing Finance, amounting to Rs 1,906 crore, via an open market transaction.The private equity firm, one of the promoters of Aptus Value Housing Finance, executed the sale through its investment arm, WestBridge Crossover Fund LLC. According to bulk deal data on the…
South Korean auto major Hyundai Motor Company has fully exited Ola Electric Mobility, selling its entire 2.47% stake for Rs 552 crore through an open market transaction on Tuesday.As per bulk deal data on the National Stock Exchange (NSE), Hyundai sold over 10.88 crore shares of Bengaluru-based Ola Electric at an average price of Rs…
BENGALURU: OpenAI has expanded its AI for Impact Accelerator initiative in India, providing a total of $150,000 in technical grants to 11 nonprofit organisations that are building artificial intelligence (AI) tools aimed at addressing challenges in healthcare, education, agriculture, and other underserved sectors. The grants are largely being issued as API credits.The latest phase of…
