Uber agreed on Thursday to buy Germany’s Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from US and European rivals.The acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business that can better compete with Just Eat, owned…
NEW DELHI: Rising fuel prices and increased consumer interest in electric mobility have prompted JSW MG Motor India to double down on its new-energy vehicle strategy. Managing director Anurag Mehrotra said passenger vehicle EV penetration, which had slipped below 4% at the start of 2026, crossed 8% in June as higher fuel costs and growing…
NEW DELHI: Carmakers may soon have a new way to meet India’s fuel efficiency norms without relying solely on electrification, with the Centre proposing to reward a range of fuel-saving technologies under the draft Corporate Average Fuel Economy (CAFE)-III regulations.The draft norms, released by the power ministry for stakeholder consultation, have proposed to allow manufacturers…
NEW DELHI: In a major boost for India’s semiconductor startup policy, govt is redesigning its support framework under Semicon 2.0 and intends to move away from one-time grants to a model of larger, milestone-linked funding coupled with equity investments, alongside venture capital (VC) firms.On Wednesday, the cabinet approved Semicon 2.0 with an outlay of Rs…
Representative image (IANS photo) India’s corporate earnings season for the April-June quarter, underway since last week, gathers pace through July, with Reliance Industries reporting on Friday and HDFC Bank, ICICI Bank and Kotak Mahindra Bank following on Saturday.Results so far show a mixed pattern. Profits have grown consistently, but some companies have missed analyst estimates.Corporate…
India’s first hydrogen-powered train is ready for launch! Marking a major milestone for Indian Railways, the country’s first hydrogen will be flagged off by Prime Minister Narendra Modi on July 17. This is the first time that India is introducing a train that produces its own electricity onboard using hydrogen, which is widely regarded as…
NEW DELHI: India is aiming to get 10 crore foreign tourist arrivals (FTAs) by 2047, which will contribute 10% to the country’s theme expected GDP of $30 trillion. This is the aim set by Federation of Associations in Indian Tourism and Hospitality (FAITH), the apex policy body of India’s tourism sector. FAITH chairman Puneet Chhatwal…
Cyberattack hits Japan’s ice cream giant Glico after KFC, disrupts sushi and supermarket deliveries (Image/X) A cyberattack on one of Japan’s largest refrigerated warehouse operators has disrupted the supply of ice cream, fast food and supermarket products across the country, affecting companies including Ezaki Glico, KFC Japan and Kura Sushi.Ezaki Glico, the maker of popular…
ITC Hotels MD Anil Chadha NEW DELHI: ITC Hotels’ Thursday reported a 14.8% increase in consolidated revenue at Rs 936 crore this April-June, compared to Rs 816 crore in same period last fiscal. And the hospitality major’s profit rose 36% to Rs 180 crore, up from Rs 133 crore last Q1. The company’s share closed…
During FY2025-26, India’s imports from China reached nearly $132 billion. (PTI photo) Aiming to reduce dependence on imports and overseas supplies, India is looking to give a fresh push to its domestic manufacturing plans. The government is preparing to strengthen domestic manufacturing for products which currently account for imports worth $51 billion, according to sources…
