Author: News Desk
JK Tyre & Industries has outlined a new investment plan of ₹5,000 crore over the next five to six years to expand its manufacturing capacity, including the creation of dedicated production lines for export markets. The company is currently wrapping up its ongoing ₹4,000 crore investment cycle, which began four years ago and will conclude next quarter. According to Chairman and Managing Director Raghupati Singhania, the fresh round of funding will be directed toward increasing output of both car and truck tyres. “We are now planning another ₹5,000 crore investment over the next few years to enhance capacities for car…
HD Hyundai Heavy Industries has signed a partnership agreement with India’s Cochin Shipyard to co-develop naval vessels and compete for upcoming Indian Navy contracts, the Korean shipbuilder announced on Tuesday. Cochin Shipyard, India’s largest state-owned shipyard, already works closely with HD Hyundai’s parent company, HD Korea Shipbuilding & Offshore Engineering, in areas such as design innovation, workforce training, and supply-chain collaboration. The two companies now plan to jointly bid for India’s landing platform dock (LPD) program, which received initial clearance from the Ministry of Defense in October. HD Hyundai will provide design and technical expertise for the amphibious assault vessels,…
Abu Dhabi has been selected as the venue for the IPL 2026 auction, thanks to its top-tier facilities and extensive experience in hosting major cricket events. Its proximity to India and ability to handle large-scale sporting productions make it convenient for both franchises and broadcasters. According to India Today, the auction is likely to take place around December 15 or 16, with official confirmation expected soon. This marks the third consecutive year the IPL auction will be held outside India, following Dubai in 2024 and Jeddah in 2025. The decision reflects the league’s ongoing preference for hosting major events in…
In a landmark initiative to boost India’s private space ecosystem, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) has partnered with the Small Industries Development Bank of India (SIDBI) to launch a ₹1,000-crore venture capital fund dedicated to spacetech startups. The fund, managed by SIDBI Venture Capital Ltd (SVCL), is designed to provide early-stage and growth capital to Indian companies building advanced space technologies. Approved by the Union Cabinet and regulated by SEBI, the fund aims to strengthen the country’s space innovation ecosystem by supporting startups engaged in developing satellite systems, launch vehicles, propulsion technologies, ground infrastructure, space-based communication…
Warren Buffett has officially announced he will retire as CEO of Berkshire Hathaway and cease writing the annual shareholder letter and speaking at the annual meeting by the end of the year. In his farewell letter, dated November 10, 2025, Buffett reflected on his life in Omaha, his close partnership with the late Charlie Munger, and his enduring gratitude for the city that served as the foundation for his success. He confirmed that Greg Abel will succeed him, praising Abel for having “more than met the high expectations” and proving to be “a very fast learner.” Buffett also revealed a major stock conversion, turning…
Qatar and Bahrain have opened a new chapter in regional connectivity with the launch of a direct ferry route between Al-Ruwais Port and Sa’ada Marina. The new maritime link, which cuts the journey across the Gulf to about an hour, represents more than a transport upgrade—it’s a move toward deeper regional integration, stronger economic ties, and closer cooperation within the Gulf Cooperation Council (GCC). A new maritime bridge across the GulfThe regular passenger ferry service, jointly inaugurated by Qatar’s Minister of Transport Sheikh Mohammed bin Abdulla Al Thani and Bahrain’s Minister of Transportation and Telecommunications Dr Shaikh Abdulla bin Ahmed…
Gameskraft, a real-money gaming company based in Bengaluru, has laid off more than 400 employees as part of a company-wide restructuring, up from around 120 earlier this year, according to a statement to Moneycontrol. Sources suggest the workforce may now be fewer than 100, down from about 600. Reasons for the layoffsThe job cuts follow the implementation of India’s new online gaming law, the Promotion and Regulation of Online Gaming Act, 2025, which banned real-money games. Gameskraft said the decision was necessary for business continuity, given the significant change in the operating environment for real-money gaming companies. The layoffs also…
India is set to ramp up its neodymium output nearly nine times to 500 tonnes by FY27, up from around 200 tonnes expected in FY26. The move is part of a broader push to secure the country’s access to critical minerals amid tightening global supply chains. Indian Rare Earths Limited (IREL), a state-run enterprise under the Department of Atomic Energy, announced the target as global competition over rare earths intensifies. China’s export restrictions on several key minerals this year have added urgency, with new licensing rules for foreign companies set to take effect in December 2025. Neodymium is vital for…
The Special Investigation Team looking into the Tirupati laddu ghee adulteration case has uncovered a large-scale scam involving the supply of fake ghee to the Tirumala Tirupati Devasthanams between 2019 and 2024. The probe found that Bhole Baba Dairy, a company based in Uttarakhand, allegedly sold about 60 lakh kilograms of adulterated ghee worth around Rs 240 crore. Investigators said the company mixed palm oil, palmolein, and several chemicals like beta-carotene and acetic acid ester to imitate the look and smell of real ghee while still passing lab tests. To hide the operation, the firm is said to have used…
The world’s largest entrepreneurial train journey, the Jagriti Express, arrived in Kochi for the first time in its 18 year history. Participants were welcomed at the Kerala Startup Mission where CEO Anoop Ambika addressed them. The 15 day journey brings together 525 young social and entrepreneurial changemakers from across India. Launched in 2008, the Jagriti Yatra begins in Mumbai each year, travels more than 8000 kilometers through twelve key destinations across the country, and returns to Mumbai. Kochi and the Kerala Startup Mission were included in the route to highlight the state’s growing startup ecosystem. At an event held at…