India News
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Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian conglomerate's deepening role in the US tech giant's supply chain, two people familiar with the matter said.
As Apple looks beyond China for manufacturing, Tata has fast emerged as its key supplier and already assembles iPhones for local and foreign markets at three facilities in south India, with one of them also making some iPhone components.
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Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source.
This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits.
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Dassault Aviation and Tata Advanced Systems Limited (TASL) have signed four Production Transfer Agreements to manufacture Rafale fighter jet fuselages in India for both domestic and international markets.
This marks the first time that Rafale fuselages will be built outside France. The collaboration supports the Indian government’s ‘Make in India’ initiative and aims to bolster self-reliance in the defence sector.
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Hyundai Motor has divested its entire stake in Ola Electric, while fellow South Korean carmaker Kia has reduced its holding in the EV startup. The combined share sale netted approximately ₹6.89 billion ($80 million), news agency Reuters reported.
According to exchange data released on Tuesday, Hyundai, which previously held a 2.47 per cent stake, sold its shares at ₹50.70 each. Kia offloaded 0.6 per cent of its stake at ₹50.55 per share.
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Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises Ltd, has secured $750 million in external commercial borrowings from a consortium of international lenders.
The funds will be used to refinance $400 million in existing debt, with the remainder allocated for capital expenditure at six airports and AAHL’s non-aeronautical businesses, Adani Enterprises said in a stock exchange filing on Wednesday.
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Andhra Pradesh's CM, N. Chandrababu Naidu, recently asked the Central government to stop using Rs 500 notes to fight corruption. Following this, a Chartered Accountant said on X (formerly Twitter) that the RBI told all banks to stop giving out Rs 500 notes from ATMs by the end of September. Soon after he tweeted, his claim went viral in no time. His post initiated confusion among netizens.
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The 18-year wait finally ended for Royal Challengers Bengaluru and all of their fans with the Men in Red and Gold lifting their first Indian Premier League trophy after beating Punjab Kings in the final of IPL 2025 at the Narendra Modi Stadium in Ahmedabad on Tuesday. Rajat Patidar led his team to glory after RCB failed thrice in 2009, 2011 and 2016 before.
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Early in the final over of the game, as Royal Challengers Bengaluru’s victory was virtually confirmed, Virat Kohli sunk his face into his hands.
After 18 years of expending everything for the only franchise he had turned up for, Kohli, jersey No. 18, knew he could finally kiss the elusive IPL trophy. When the game was officially over – RCB beat Punjab Kings by six runs, chasing 190 in Ahmedabad – he plunged to the turf and shed tears of joy.
Elon Musk slams Donald Trump's funding bill, calls it 'disgusting abomination'; White House responds
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Tesla Chief Executive Elon Musk has intensified his criticism of US President Donald Trump's legislative agenda, describing a major spending bill as a "disgusting abomination" in a series of posts on the social media platform X.
The tech billionaire, who recently departed his role overseeing government efficiency reforms, condemned the House-passed legislation on Tuesday, writing: "This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong."
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Prime Minister Narendra Modi on Tuesday spoke to Assam Chief Minister Himanta Biswa Sarma, Sikkim Chief Minister Prem Singh Tamang, and Manipur Governor Ajay Bhalla to take stock of the situation caused by heavy rainfall and floods in the northeastern region. PM Modi assured full help and support from the Centre. Sharing an update on X, Assam CM Himanta Biswa Sarma wrote, "A short while ago, Hon'ble Prime Minister Shri @narendramodi ji called me to enquire about the current flood situation in Assam.
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