Growing Chinese auto giant BYD stands poised to officially surpass Tesla as the world’s biggest electric vehicle company in annual sales. Tesla has also faced rising EV competition from BYD and other Chinese companies and from European giants.
Warburg Pincus is reportedly in talks to sell its 26% stake in IndiaFirst Life Insurance, a move potentially valuing the insurer at over Rs 10,000 crore. Recent changes to insurance laws, including a higher foreign investment limit, are attracting a wider pool of potential buyers and easing control constraints for strategic investors and private equity … Read more
Go Digit General Insurance’s board has approved a landmark merger of its unlisted holding company, Go Digit Infoworks Services, with the listed insurer. This move, the first of its kind post-amendments to insurance laws, aims to streamline operations and reduce costs by eliminating the holding company layer.
Industry bodies are seeking government clarification on new labour codes, particularly regarding retrospective implementation and wage definitions. The ICAI advises companies to account for increased gratuity and other payments in their December quarter accounts, as the codes were notified effective November 1.
Mobile retail firm SS Retail is set to launch its initial public offering, aiming to raise Rs 500 crore. The IPO will comprise a fresh issuance of shares valued at Rs 300 crore, complemented by an offer for sale amounting to Rs 200 crore. This move marks the company’s debut in the public market.
Gold and silver have significantly outperformed equities this millennium in India, delivering impressive compound annual growth rates. Gold’s appeal stems from its role as a jewelry component and store of value, while silver’s demand is boosted by industrial applications and safe-haven appeal amid global uncertainties. This trend suggests precious metals may continue their strong performance.
Odisha-based Indian Metals and Ferro Alloys (IMFA) is planning to enter the critical minerals sector, leveraging its extensive experience in mining and mineral processing. The company, a pioneer in underground chromite mining, sees a strategic fit and is exploring opportunities both domestically and internationally.
Indian engineers are reporting significantly higher developer experience scores, a trend observed by engineering intelligence firm DX. These scores, based on perceptions of work environment rather than output, consistently outpace Western counterparts. DX, now part of Atlassian, adjusts its benchmarks for India-centric teams due to these findings, highlighting the nation’s growing global engineering influence.
Satellite communication services are set to launch soon in India. Companies including Elon Musk’s Starlink must meet security agency demands. These include international gateway clearances and ensuring data stays within India. Spectrum pricing is also being finalized. Once these conditions are met, services will be rolled out.
Indian Overseas Bank plans to raise Rs 4,000 crore via a qualified institutional placement in Q4 FY26. This significant fundraise, potentially the bank’s largest in a decade, will further dilute the Union government’s stake by an estimated 3% to 3.5%.