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Tesla inks $4.3 bn LGES battery deal to cut reliance on Chinese imports

Tesla inks $4.3 bn LGES battery deal to cut reliance on Chinese imports

South Korea's LG Energy Solution (LGES) has signed a $4.3 billion deal to supply Tesla with energy storage system batteries, said a person familiar with the matter, as the US company looks to reduce reliance on Chinese imports due to tariffs.

The lithium iron phosphate (LFP) batteries will be supplied from LGES's US factory in Michigan, the person said on condition of anonymity because the details were not public.

'Air India to resume Goa-Gatwick direct flights by September-end'

'Air India to resume Goa-Gatwick direct flights by September-end'

The Air India flight between Goa and Gatwick in London, stopped following the horrific June 12 Ahmedabad plane crash, will resume by the end of September, Tourism Minister Rohan Khaunte has said in the state assembly.

Improved connectivity to Goa from various locations is a "game changer" for the tourism sector, Khaunte said in the House on Tuesday during demands for grants for his department in the ongoing monsoon session of the assembly.

NSDL raises ₹1,201 crore from anchor investors ahead of IPO opening

NSDL raises ₹1,201 crore from anchor investors ahead of IPO opening

The National Securities Depository Ltd. (NSDL) mobilised over ₹1,201 crore from institutional investors on Tuesday, a day before its initial share-sale opening for public subscription.

This anchor portion witnessed participation from domestic and foreign institutional investors, including Life Insurance Corporation of India (LIC), Smallcap World Fund Inc, SBI Mutual Fund (MF), Fidelity Funds and Nippon India MF, according to a circular uploaded on the BSE's website.

Delhi govt approves night shifts for women, shops must follow safety rules

Delhi govt approves night shifts for women, shops must follow safety rules

The Delhi government has approved a proposal that will now allow women to work night shifts in shops and commercial establishments. Chief Minister Rekha Gupta announced the decision on Tuesday, calling it a step towards making Delhi a 24x7 business hub and improving women’s participation in the workforce, news agency PTI reported.

Calling it a “historic decision”, CM Gupta said the move is a big step for women’s economic empowerment and independence.

Trump hints at 20-25% tariffs on Indian goods, says deal not final yet

Trump hints at 20-25% tariffs on Indian goods, says deal not final yet

US President Donald Trump said on Tuesday (local time) that India could face tariff rates as high as 25 per cent on its exports to the US. He, however, emphasised that no final decision had been made yet. His remarks come as India and the US continue to work towards resolving long-standing trade disagreements.

Speaking to reporters aboard Air Force One while returning from a five-day visit to Scotland, Trump confirmed that trade discussions with India were under way, reported Bloomberg.

Tata Motors to acquire Iveco for $4.5 billion in its biggest deal yet

Tata Motors to acquire Iveco for $4.5 billion in its biggest deal yet

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.

BluSmart files for insolvency amid corporate governance crisis

BluSmart files for insolvency amid corporate governance crisis

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".

Nayara taps Indian IT firm Rediff.com after Microsoft suspends service

Nayara taps Indian IT firm Rediff.com after Microsoft suspends service

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's founder alleges hostile takeover, to sue debt buyers for $2.5 bn

Byju's founder alleges hostile takeover, to sue debt buyers for $2.5 bn

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.

3 terrorists killed in Op Mahadev linked to Pahalgam attack: Amit Shah

3 terrorists killed in Op Mahadev linked to Pahalgam attack: Amit Shah

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.

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