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An unusually early and record-breaking heat wave in India has reduced wheat yields, raising concerns about how the count...
29/04/2022

An unusually early and record-breaking heat wave in India has reduced wheat yields, raising concerns about how the country will balance domestic needs with ambitions to increase exports and compensate for shortfalls caused by Russia's war in Ukraine.

According to IT minister Ashwini Vaishnav, some of the world's largest chipmakers are looking into new plant locations i...
29/04/2022

According to IT minister Ashwini Vaishnav, some of the world's largest chipmakers are looking into new plant locations in India in order to expand manufacturing beyond their home bases. Companies such as Taiwan Semiconductor Manufacturing Co. and South Korea's Samsung Electronics Co. are investing tens of billions of dollars each year to expand their output capacity, and India is negotiating with some of the titans to bring them into the country.

An IndiGo-operated ATR 72-600 landed at Kishangarh airport on Thursday, guided by India's own satellite-based augmentati...
29/04/2022

An IndiGo-operated ATR 72-600 landed at Kishangarh airport on Thursday, guided by India's own satellite-based augmentation system known as GAGAN, or GPS-aided GEO Augmented Navigation. With this trial landing at a small airport near Ajmer in Rajasthan, India joined a small group of countries that includes the United States, Japan, and Europe, each of which has its own satellite-based augmentation system (SBAS).

Because of Russia's conflict with Ukraine, the French IT consulting firm Atos has shifted its operations to other countr...
28/04/2022

Because of Russia's conflict with Ukraine, the French IT consulting firm Atos has shifted its operations to other countries such as India and Turkey.

LIC, India's largest insurer, is expected to list on stock exchanges on May 17, a week after its massive initial public ...
28/04/2022

LIC, India's largest insurer, is expected to list on stock exchanges on May 17, a week after its massive initial public offering (IPO). In the initial public offering, which begins on May 4 and ends on May 9, the government is selling over 22.13 crore shares in LIC at a price range of Rs 902-949 per share.

Air India will acquire AirAsia India with the intention of merging it with the low-cost carrier Air India Express to red...
27/04/2022

Air India will acquire AirAsia India with the intention of merging it with the low-cost carrier Air India Express to reduce operational costs. The airline has approached the Competition Commission of India for approval of the proposed transaction.
Tata Sons currently owns nearly 84 percent of AirAsia India, with the remainder owned by Malaysia's AirAsia.

Hyundai Motor India Ltd., India's second-largest selling passenger vehicle brand, has announced that its all-electric cr...
27/04/2022

Hyundai Motor India Ltd., India's second-largest selling passenger vehicle brand, has announced that its all-electric crossover utility vehicle (CUV) IONIQ 5 will be introduced in India in the second half of 2022 in an attempt to claim a larger piece of India's passenger EV pie. According to Hyundai, the launch of the IONIQ 5 will mark the beginning of the company's battery electric vehicle (BEV) expansion plans in India. Hyundai says that "under the aegis of Beyond Mobility, Hyundai will continue to drive the adoption of BEVs in India."

Nitin Gadkari, Union Minister of Road Transport and Highways, urged Tesla CEO Elon Musk on Tuesday to visit India and be...
26/04/2022

Nitin Gadkari, Union Minister of Road Transport and Highways, urged Tesla CEO Elon Musk on Tuesday to visit India and begin manufacturing the company's electric vehicles.

Twitter confirmed on Monday that it is selling the platform to billionaire entrepreneur Elon Musk in a $44 billion deal....
26/04/2022

Twitter confirmed on Monday that it is selling the platform to billionaire entrepreneur Elon Musk in a $44 billion deal. The sale represented a dramatic shift for the board, which had previously attempted to prevent Musk from taking the social media network private.

Importers such as India, Bangladesh, and Pakistan will try to increase their purchases of palm oil from Malaysia, but ex...
25/04/2022

Importers such as India, Bangladesh, and Pakistan will try to increase their purchases of palm oil from Malaysia, but experts believe that Malaysia, the world's second-largest palm oil producer, will be unable to fill the void left by Indonesia

Palm oil prices increased by nearly 5% over the weekend in India, the world's largest vegetable oil importer, as industry prices are expected to fall in the coming months due to supply shortages. Prices increased in Pakistan and Bangladesh as well.

The International Air Transport Association (IATA) announced in a circular that India has suspended tourist visas for Ch...
25/04/2022

The International Air Transport Association (IATA) announced in a circular that India has suspended tourist visas for Chinese nationals. "Tourist visas issued to Chinese (People's Republic) nationals are no longer valid," the IATA stated in a circular issued on April 20.

Ocean Sparkle Ltd, India's largest third-party marine services provider, will be acquired by the Adani Group (OSL). Adan...
23/04/2022

Ocean Sparkle Ltd, India's largest third-party marine services provider, will be acquired by the Adani Group (OSL). Adani Harbour Services Ltd (TAHSL) has signed a definitive agreement to purchase a 100 percent stake in OSL for Rs 1,530 crore. OSL operates 94 owned vessels and 13 owned by third parties that primarily provide towage, pilotage, and dredging. TAHSL is a subsidiary of Adani Ports and Special Economic Zone Ltd, which aims to be the world's largest port operator by 2030 and India's largest integrated transport utility.

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