Tata Motors is set to acquire Italian truck manufacturer Iveco from its primary stakeholder, the Agnelli family, in a transaction valued at $4.5 billion, according to a report by The Economic Times. This would mark the Tata Group’s second-largest acquisition, following its purchase of Corus, and the largest deal to date for the automotive division. Tata Motors had acquired Jaguar Land Rover (JLR) for $2.3 billion in 2008.

Electric taxi operator BluSmart has begun insolvency proceedings amid rising corporate governance concerns, according to a Reuters report. The development comes after a regulatory probe that accused a co-founder of misappropriating funds intended for vehicle purchases, according to the firm overseeing the resolution process.

The Ahmedabad bench of the National Company Law Tribunal (NCLT), in its ruling, named NPV Insolvency Professionals as the interim resolution professional (IRP) and directed them to take charge of BluSmart’s operations and assets while maintaining it as "a going concern".

Russia-backed Indian refiner Nayara Energy, recently sanctioned by the European Union, has turned to domestic firm Rediff.com after the US tech giant Microsoft suspended IT services, three sources familiar with the matter said.

Nayara, which has condemned the sanctions, said on Monday it had filed a case against Microsoft in the Delhi High Court over its withdrawal of services.

Byju Raveendran, founder of the embattled Indian education technology company, has accused opportunistic debt buyers of orchestrating a “hostile takeover” through bankruptcy proceedings, claiming they purchased distressed loans at deep discounts to seize control of his once-$22 billion startup.

In a lengthy statement on LinkedIn marking one year since Think & Learn Pvt, which operates as Byju’s, entered insolvency proceedings, Raveendran said the company was current on interest payments when creditors triggered bankruptcy over what he called a “technical default” related to delayed audit filings.

Home Minister Amit Shah on Monday informed the Lok Sabha that the three terrorists killed in Jammu and Kashmir were involved in the recent attack at Baisaran in Pahalgam.

On July 28, the Army’s elite para commandos shot dead the suspected mastermind behind the Pahalgam terror attack, along with two of his associates, during an encounter in a forested area on the outskirts of Srinagar in Kashmir.

Shailesh Jejurikar has been appointed by Procter & Gamble (P&G) as its president and chief executive officer, effective 1 January, becoming the first Indian in the consumer major’s history to lead the company.

He will succeed Jon Moeller, the current chief executive officer at the company.

Elon Musk’s satellite communication service Starlink will be able to provide connections to only 2 million users in India, with a maximum speed of 200 megabits per second (mbps) across the country for ₹3,000 per month, said Union Minister of State for Telecommunications Pemmasani Chandra Sekhar.

It is due to this high upfront cost that the services of Bharat Sanchar Nigam (BSNL), especially in rural areas, will not be impacted, Pemmasani said.

The Rajya Sabha was adjourned for the day little after 2 pm on Monday as Opposition MPs continued to protest over the issue of the Special Intensive Revision (SIR) exercise in Bihar.

The Upper House saw two adjournments in the pre-lunch sitting, the first coming within minutes of meeting at 11 am when it was adjourned till 12 noon.

As many as 31,555 central government employees have opted for the Unified Pension Scheme (UPS) till July 20, and the last date to enrol under the scheme is September, Parliament was informed on Monday.

In a written reply in the Lok Sabha, Finance Minister Nirmala Sitharaman said as on July 20, 2025, at least 7,253 claims have been received and out of which 4,978 claims have been processed for payment of benefits under UPS.

Union minister Shivraj Singh Chouhan on Monday accused the Congress and its leader P Chidambaram of "speaking the same language" as used by Pakistan and claimed that the Opposition was "running away" from a discussion in Parliament on Operation Sindoor out of fear of being unmasked.

Speaking to reporters inside the Parliament complex, he said when the government is ready to discuss the issue then why is the Opposition running away from it.

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