Auto components major Samvardhana Motherson International Ltd on Friday announced the acquisition of 81 per cent stake in Japan's Yutaka Giken Co, Ltd in which Honda is a majority shareholder, for USD 184 million (over Rs 1,610 crore).

Directors of the company at their meeting held on August 29, 2025, considered and approved to acquire 81 per cent stake with voting rights in Yutaka Giken Co, Ltd (YGCL) and 11 per cent stake in Shinnichi Kogyo Co, Ltd (Shinnichi) through its indirect wholly-owned subsidiary Motherson Global Investments BV (MGI BV), Samvardhana Motherson International Ltd (SAMIL) said in a regulatory filing.

Adani Power on Friday said it has received the Letter of Award (LoA) to set up a 2,400 MW greenfield thermal power plant with an investment of $3 billion at Pirpainti in Bhagalpur district of Bihar.

In a statement, Adani Power said it has received the LoA for 25-year long-term procurement of electricity from Bihar State Power Generation Company Ltd (BSPGCL), which it will supply from a 2,400 MW (800 MW X 3) greenfield ultra super critical plant to be set up at Pirpainti.

Chief Justice of India B R Gavai on Friday administered oath to Bombay High Court Chief Justice Alok Aradhe and Patna High Court Chief Justice Vipul Manubhai Pancholi.

The two were elevated to the Supreme Court on August 27.

With their elevation, the apex court is set to regain its full working strength of 34 judges, including the CJI.

The proposal to recast goods and services tax (GST) rate by September-end saved the Indian stock markets from a sharp correction in the backdrop of steep tariffs of 50 per cent imposed by the United States (US) on the country, said Christopher Wood, global head of equity strategy at Jefferies, in his recent note to investors, ‘GREED & fear’.

Wood has removed the investment in Aditya Birla Real Estate in his India long-only equity portfolio and replaced it with an investment in Mahindra & Mahindra (M&M).

Former Reserve Bank of India (RBI) Governor Urjit Patel has been appointed executive director at the International Monetary Fund (IMF), the government said in a statement released on Friday.

The announcement came almost four months after former chief economic adviser (CEA) Krishnamurthy V Subramanian’s term was cut short at the Bretton Woods institution and he was recalled by the government.

The death toll in the collapse of a building at Virar in Maharashtra's Palghar district has gone up to 15 with the recovery of three more bodies overnight, officials said on Thursday.

The unauthorised four-storey building, housing nearly 50 flats, collapsed on an adjacent vacant tenement at Vijay Nagar in Virar area at 12.05 am on Wednesday, they said.

Robin Westman, the 23-year-old suspected shooter in the Minneapolis school attack, had "kill Donald Trump" and "nuke India" written on his guns, as shown in chilling videos allegedly posted on his now-deleted YouTube channel. The YouTube channel titled "Robin W" had two videos posted hours before the attack. The videos in question showed a cache of weapons, ammunition, and loaded magazines before it was taken down by site administrators.

India has invited Russian companies to invest in innovative space ventures in the country and tap its vast market, Ambassador Vinay Kumar said on Tuesday.

"The Government of India has offered lucrative schemes to create a conducive atmosphere in the space industry," Kumar said while addressing a function at the Indian Embassy here to mark the second National Space Day.

H-1B visa programme a scam? Florida Governor Ron DeSantis, US Commerce Secretary Howard Lutnick and several other Republicans believe so. Speaking to Fox News on Wednesday, DeSantis called H-1B a “total scam”, saying it enables companies to replace American workers with cheaper foreign labour, mainly from India.

White House Trade Adviser Peter Navarro has intensified his criticism of India’s oil policy, accusing New Delhi of directly funding Moscow’s war in Ukraine and dubbing the conflict “Modi’s war”. Speaking to Bloomberg Television on Wednesday (local time), he claimed India is profiting from discounted Russian crude while hurting the US economy.

“I mean Modi’s war, because the road to peace runs, in part, through New Delhi,” Navarro said, escalating tensions between the US and India.

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