Zurich Acquires Majority Stake in Kotak Mahindra General Insurance
Zurich Insurance Company Ltd, a major Swiss insurer, has received all necessary approvals to acquire a 70% stake in Kotak Mahindra General Insurance Company Ltd (KMGIC) from Kotak Mahindra Bank Ltd for Rs 15,560 crore (USD 670 million). This acquisition,
CCI Promotes Strategic India-U.S. Textile Trade Partnerships
The Cotton Council International (CCI) hosted a media roundtable to bolster strategic partnerships between India and the U.S. in the textile sector, spotlighting U.S. cotton as the preferred choice for Indian spinners. This initiative precedes the “COTTON USA: Weaving Threads
Adani Group Aims for USD 100 Billion Investment in Energy Transition
India’s Adani Group plans to invest over USD 100 billion (EUR 93.1 billion) in energy transition and the expansion of its integrated renewable energy value chain over the next decade. Gautam Adani, the chairman of Adani Group, announced this ambitious
JLR Plans Major Investment of Rs 1.9 Trillion, Eyes Double-Digit EBIT by 2026
Jaguar Land Rover (JLR), Tata Motors’ British luxury vehicle brand, has announced an ambitious investment plan of £18 billion (Rs 1.9 trillion) until FY28, a 20% increase from its previous £15 billion plan. This investment aims to enhance JLR’s product
Thailand to Increase Weekly Flight Seats to India by 7,000
Thailand has announced a substantial increase in airline capacity with India, adding an additional 7,000 seats per week starting November. This move is part of Prime Minister Srettha Thavisin’s strategy to elevate Thailand as a prominent aviation hub and to
AI in India Gets a Major Boost as Microsoft and Amazon Invest Billions in Data Infrastructure
India is poised to become a significant player in the global AI landscape with substantial investments from tech giants Microsoft and Amazon. Microsoft has pledged $3.7 billion to build data centers in Telangana, offering 660 megawatts of IT capacity, while
India and US Co-Invest in South American Lithium Project to Diversify Supply Chains
India and the United States are jointly investing in a lithium resource project in South America, as well as a rare earth deposit in Africa, in a strategic move to diversify critical minerals supply chains and reduce reliance on China.
US-India to Launch NASA-ISRO Synthetic Aperture Radar for Climate Change
The United States and India are set to jointly launch the NASA-ISRO Synthetic Aperture Radar (NISAR) to combat climate change and address other global challenges, announced the White House. This collaboration was highlighted during US National Security Advisor Jake Sullivan’s
Rapid Growth: India’s E-Commerce Payments Soar from 20.4% to 58% in APAC Region (2018-2023)
India has experienced the most significant rise in alternative remittance share for e-commerce payments in the Asia-Pacific (APAC) region, escalating from 20.4% in 2018 to 58.1% in 2023, according to a new report by GlobalData. This surge is largely attributed
Sunita Williams Leads Expedition 71 Crew in Preparing for Spacewalks
NASA announced today that Expedition 71, comprising seven crew members including Sunita Williams, is actively preparing for two upcoming spacewalks scheduled for June 24 and July 2. Williams, renowned for her achievements as an astronaut, began her day by conducting
