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New Delhi, Jul 18 (PTI) Jio Financial Services Limited (JFSL) and Allianz Group of Germany, through its wholly-owned subsidiary Allianz Europe B.V., entered into a binding agreement on Friday to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. The announcement comes months after Allianz parted ways with Bajaj group financial services firm Bajaj Finserv. The reinsurance partnership will bring together JFSL's deep local expertise and ...Read More >
JioStar, the RIL-Disney joint venture, posted a Q1FY26 net profit of ₹581 crore and ₹9,601 crore revenue, driven by IPL's record performance on TV and digital. Despite weak FMCG ad spends, strong sports and subscription income lifted earnings. JioStar, the joint venture between Reliance Industries Limited (RIL) and Walt Disney, reported a net profit of ₹581 crore for the quarter ended June, according to RIL's quarterly financial disclosure. The company recorded an EBITDA of ₹1,017 crore ...Read More >
NEW DELHI: India's smartphone and electronics industry has raised serious concerns over what it describes as informal but targeted trade restrictions imposed by China. The India Cellular and Electronics Association (ICEA), in a letter to the government, sought swift policy measures to address these unofficial restrictions, which could derail the country's $32 billion export-driven manufacturing ambitions. As per the ICEA letter, India's electronics manufacturing sector remains heavily reliant o ...Read More >
New Delhi, July 18 (PTI) JioStar, the JV created after the merger of the media business of Reliance and the India business of global media giant Walt Disney, has reported revenues of Rs 11,222 crore in the June quarter with an EBITDA of Rs 1,017 crore. The JV had reported a revenue of Rs 10,006 crore in the previous January-March quarter. "1Q FY26 was driven by a successful IPL season with strong growth across both TV and digital platforms," said an earnings statement from Reliance Industries. ...Read More >
Pune: Pune-based Kinetic Green Energy and Italy's Tonino Lamborghini SpA have partnered to set up a joint venture called Kinetic Green Tonino Lamborghini to manufacture and sell luxury electric golf and lifestyle carts in India and globally. "With plans to enter 25 global markets beyond India and a target turnover of $300 million over five years, the joint venture marks an ambitious step for Kinetic Green into international territory," Sulajja Firodia Motwani, founder-CEO of Kinetic Green Energ ...Read More >
Union Minister of Coal & Mines G. Kishan Reddy has urged Chief Minister A. Revanth Reddy to partner with the Central Public Sector Undertakings (CPSUs) under his ministry, including Coal India Limited (CIL) and NLC India Limited (NLCIL), in taking up renewable energy projects, encompassing solar and wind power plants, Pumped Storage Projects (PSP) and Battery Energy Storage Systems (BESS). In an official communication to the Chief Minister, a copy of which was released to the media on Thursday, ...Read More >
NEW DELHI: The AK-203 assault rifle, set to become the Indian Army's standard frontline weapon, will be fully indigenous by the end of 2025, Indo-Russian Rifles Private Limited (IRRPL) CEO and MD Major General SK Sharma said on Thursday.Sharma said 50% of the work on the rifles has already been indigenised, and full localisation will significantly ramp up production and delivery timelines."If you ask a soldier, then his most reliable friend is an assault rifle... AK-203 will be the most reliable ...Read More >
Bangalore (Karnataka) [India], July 18: ACES India Private Limited, a wholly owned subsidiary of Saudi Arabia-based Advanced Communications and Electronics Systems Company (ACES), has signed a strategic agreement with Bangalore Metro Rail Corporation Limited (BMRCL) to implement advanced Telecom infrastructure across the Namma Metro network. Also Read | Did Andy Byron Quote Coldplay's 'Fix You' in His Apology? Know Truth Behind the Fake Statement Attributed to Astronomer CEO Amid Viral Affair A ...Read More >
Bangalore (Karnataka) [India], July 18: ACES India Private Limited, a wholly owned subsidiary of Saudi Arabia-based Advanced Communications and Electronics Systems Company (ACES), has signed a strategic agreement with Bangalore Metro Rail Corporation Limited (BMRCL) to implement advanced Telecom infrastructure across the Namma Metro network. Following a competitive bidding process and formal Letter of Acceptance earlier this year, this long-term partnership will enable ACES to deploy, operate, ...Read More >
Pune-based Kinetic Green Energy and Power Solutions and Italy's Tonino Lamborghini SpA has formed a joint venture company to manufacture electric golf carts for sale in the local market and for exports globally. These electric vehicles - designed in Italy - will be manufactured in India and marketed globally under the Tonino Lamborghini brand. Tonino Lamborghini has a range of businesses from bespoke furniture and lifestyle accessories to watches, smart cafés (format TL Rosso Café), branded re ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from th ...Read More >
HYDERABAD: State BJP president N Ramchander Rao on Thursday slammed the Congress government and Chief Minister A Revanth Reddy for failing to address farmers' issues despite completing 19 months in office. Speaking at the Kisan Morcha state office-bearers' meeting at the BJP headquarters in Hyderabad, he accused the state government of neglecting farmers due to its skewed policies. He urged party workers to collaborate with the Kisan Morcha to highlight farmers' grievances and counter the Cong ...Read More >
Ahmedabad: Adani Enterprises Ltd (AEL) said on Thursday that it has signed an agreement to sell a 20 per cent stake in AWL Agri Business Ltd to Wilmar International's subsidiary, LencePte Ltd, for Rs275 per share, valuing the deal at Rs7,150 crore. Following this latest deal, Wilmar is set to become the majority shareholder, with a 64 per cent holding in AWL.Adani Commodities LLP (ACL), a subsidiary of AEL, currently holds 30.42 per cent of AWL. The sale marks the next step in Adani's planned ...Read More >
Hyderabad: Union Minister for Coal and Mines G. Kishan Reddy, has formally requested the Telangana Government to collaborate on a major renewable energy initiative proposed by Central Public Sector Undertakings (CPSUs) under his Ministry. In a letter addressed to Telangana Chief Minister A Revanth Reddy on Thursday, the Minister outlined a comprehensive investment plan worth approximately Rs 10,000 crore aimed at boosting green power infrastructure across the state. Highlighting the national s ...Read More >
Europe and a few markets in Asia-Pacific Japan (APJ) will continue to drive higher growth for Tech Mahindra in FY26, said Anand Mahindra, Chairman of the company, during its annual general meeting (AGM). "We believe Europe, a few markets in APJ will continue to drive higher growth in FY26," said Mahindra during the AGM. In FY25, he said America contributed the most in terms of revenue, while West Asia and Israel operations had "no material impact" on overall business. The company continued to c ...Read More >
In a recent June report, Motley Fool researchers identified Caterpillar (NYSE: CAT) as one of the three largest (specifically, the third largest) industrial stocks by market capitalization in the U.S. Valued at $162 billion last month, the stock now costs more than $192 billion. Caterpillar generates more than $63 billion in sales annually, and turns $22.5 billion of this into gross profit. On the bottom line, Caterpillar earned net profit of $9.9 billion over the last 12 months, and the compan ...Read More >
Previously, the Indian Air Force had purchased 22 Apache helicopters. ShowQuick Read Summary is AI-generated, newsroom-reviewed * India will receive its first consignment of Apache attack helicopters from the US on July 21 * The AH-64E helicopters will be deployed on the Pakistan border from Hindon Air Force Station * Apache helicopters have advanced targeting, night vision, and communication systems for diverse roles Did our AI summary help? Let us know. New Delhi: In a big boost to th ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwa ...Read More >
New Delhi: Indo-Russian Rifles Private Limited (IRRPL) will start producing 100 per cent indigenised AK-203 assault rifles from December 2025, which will be rechristened as "Sher" (lion). The 7.62 X 39 mm calibre Kalashnikov AK-203 assault rifles will replace in-service INSAS rifles, which were inducted over three decades back. AK-203 assault rifles, with an effective range of 300 meters, are lightweight, robust and easy-to-use modern assault rifles with proven technology that will enhance the ...Read More >
Lucknow, Jul 17 (PTI) Uttar Pradesh's capital city has secured the third position in the category of urban spaces with population exceeding 10 lakh, while Prayagraj was adjudged the Cleanest Ganga City in the ninth edition of the Swachh Survekshan. Lucknow also became the first city in the state to achieve a 7-star Garbage Free City rating in the 2024-25 survey. Gorakhpur achieved double success, ranking third in the Safai Mitra Surakshit Sheher category and fourth among cities with a population ...Read More >
New Delhi, Jul 17 (PTI) IT company Tech Mahindra will invest in sales and marketing as well as learning infrastructure in key markets to enhance its position, Mahindra Group Chairman Anand Mahindra said on Thursday. During the Annual General Meeting of Tech Mahindra, he said that the IT firm has an edge in the area of AI, which is reshaping businesses and society. "Over the next two to three years, the company plans to invest in learning infrastructure and in enhancing market position in key m ...Read More >
New Delhi, Jul 17 (PTI) The Panchayati Raj Ministry on Thursday said it has brought together 19 partner institutes of planning and architecture to prepare spatial development plans for 36 gram panchayats across 14 states as a pilot project. A two-day workshop in this regard, titled 'Navingram --" Re-Imagining the Village', commenced in Madhya Pradesh capital Bhopal on Thursday, the ministry said in a statement. A Gram Panchayat Spatial Development Plan (GPSDP) is a comprehensive plan that guid ...Read More >
New Delhi, Jul 17 (PTI) IT company Tech Mahindra will invest in sales and marketing as well as learning infrastructure in key markets to enhance its position, Mahindra Group Chairman Anand Mahindra said on Thursday. During the Annual General Meeting of Tech Mahindra, he said that the IT firm has an edge in the area of AI, which is reshaping businesses and society. Also Read | 'A Decade of Digital India' Reel Contest by Government of India: How To Participate and Win Up To INR 15,000? Check Sub ...Read More >
New Delhi, Jul 17 (PTI) The third season of the Oriental Cup, a school football tournament in the national capital, will be held from July 21-29, the organisers said on Thursday. Started by student-athlete Fareed Bakshi, the tournament will take place at the Ambedkar Stadium, bringing together 36 teams from schools across Delhi. Also Read | Which Team Ben Stokes Is Part of in The Hundred 2025? Here's the Franchise England Test Captain Will Play For in 100-Ball Competition. There will be 24 te ...Read More >
Mumbai, Jul 17 (PTI) India's largest realty firm DLF Ltd, which has re-entered the Mumbai market with a premium housing project, on Thursday said it is taking its foray in the financial capital "seriously" and the two geographies in the North and the West of India are going to be very important markets going forward. The Delhi-headquartered real estate giant also said that it has up to 20 joint venture proposals on its table from different entities, but it plans to establish its presence in the ...Read More >
Amethi, Jul 17 (PTI) Indo-Russian Rifles Private Limited (IRRPL), a joint venture company which manufactures AK-203 assault rifles in Uttar Pradesh's Korwa, will complete the delivery of all 6.01 lakh rifles nearly 22 months ahead of schedule, a senior official said on Thursday. The company, mandated under a Rs 5,200 crore contract to supply 6,01,427 rifles to the armed forces by October 2032, plans to finish deliveries by December 2030, Maj Gen S K Sharma, CEO and Managing Director of IRRPL, t ...Read More >
Ahmedabad, July 17 (SocialNews.XYZ) Adani Enterprises Ltd (AEL) said on Thursday that it has signed an agreement to sell a 20 per cent stake in AWL Agri Business Ltd. to Wilmar International's subsidiary, Lence Pte Ltd, for Rs 275 per share, valuing the deal at Rs 7,150 crore. Following this latest deal, Wilmar is set to become the majority shareholder, with a 64 per cent holding in AWL. Adani Commodities LLP (ACL), a subsidiary of AEL, currently holds 30.42 per cent of AWL. The sale marks th ...Read More >
July 17 (Reuters) - A unit of India's Adani Enterprises (ADEL.NS), opens new tab will exit AWL Agri Business, its joint venture with Singapore's Wilmar (WLIL.SI), opens new tab, for 108.74 billion rupees ($1.27 billion), the conglomerate said on Thursday. Adani Commodities, which holds a 30.42% stake in the consumer goods JV, will sell an up to 20% stake to Wilmar unit Lence, and the rest to "a set of pre-identified investors," Adani Enterprises said, without elaborating. Adani Commodities wil ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped insi ...Read More >
New Delhi: There is an update about the Ahmedabad-Mumbai bullet train project. Railway officials have said that E5 models of Japanese Shinkansen trains will be used in this project. These E5 models will be used for trial runs in the Gujarat section in 2026-27. After this India will buy E10 models. These will be even more modern. E10 Shinkansen trains are likely to start simultaneously in India and Japan in 2030. E10 is also called Alpha X. It can run at a speed of 400 km per hour. That is, the ...Read More >
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