Author: News Desk
Global logistics company DHL Group has announced a plan to invest one billion euros in India by the year 2030. The company says the money will help strengthen reliable and sustainable logistics services across the country. The investment will support major sectors such as life sciences, healthcare, new energy, ecommerce, and digitalisation. The announcement was made on Thursday, with DHL describing India as a major growth opportunity within its Strategy 2030 Accelerated Sustainable Growth plan. At the press event, DHL Group Chief Executive Tobias Meyer said that global trade is facing challenges, but the company remains confident about India’s potential.…
The United States has signaled that talks on a long awaited trade agreement with India are moving forward. A senior administration official told ANI that recent discussions have seen “a lot of positive developments.” In recent weeks, Washington has softened its earlier confrontational stance over India’s purchases of Russian oil, showing a willingness to engage constructively after months of stalled negotiations. The official explained that discussions with New Delhi are focusing on two main areas: a reciprocal trade agreement and concerns over India’s imports of Russian oil. “We’ve had a lot of positive developments with them recently,” the official said.…
In 2012, global spirits powerhouse Diageo announced its intention to acquire a controlling 53.4% stake in United Spirits Ltd. (USL), then led by industrialist Vijay Mallya, for approximately ₹11,166 crore (a landmark deal in India’s beverages industry). This acquisition instantly gave Diageo control over India’s largest branded spirits company, unlocking a vast distribution network, local production capabilities, and deep market access in one of the world’s most promising liquor markets. The move arrived at a time when India’s premium spirits segment, though still a fraction of overall volumes, was growing vigorously driven by rising incomes, urbanisation, and shifting consumer tastes.…
Lalit Keshre’s journey from a quiet village in Madhya Pradesh to the global startup stage is a story of courage, education, and vision. Born in Lepa village, Keshre’s early life was marked by limited opportunities, but his thirst for knowledge and determination led him to an English-medium school and eventually to the Indian Institute of Technology, Bombay. After graduating, he joined Flipkart, one of India’s most prominent tech companies, where he gained firsthand experience in product building, technology, and scaling consumer businesses. In 2016, driven by a vision to make investing simple and accessible, Keshre co-founded Groww along with Harsh Jain, Neeraj…
Reliance Consumer Products Limited, the FMCG division of Reliance Industries, has joined hands with Ajith Kumar Racing, one of India’s rising motorsport teams. Under this partnership, Campa Energy, RCPL’s flagship energy drink, will be the team’s Official Energy Partner. RCPL said the collaboration aligns with its goal of supporting Made-in-India brands and promoting Indian talent globally. The company added that the partnership embodies shared values of determination, endurance, and high performance. Campa Energy, reflecting the spirit of India’s youth, aims to fuel the team’s drive for excellence on the global racing stage. Founded by actor and racer Ajith Kumar, the…
The Suwaidi Park in Riyadh turned into a lively hub of color, music, and connection during India Week, held from November 2 to 10 as part of Saudi Arabia’s Global Harmony initiative. The event, organized by the Ministry of Media, celebrated the deep cultural ties between Saudi Arabia and its expatriate communities, especially Indians who make up one of the largest foreign groups in the kingdom. For years, Indians in Saudi Arabia were seen as temporary workers riding the oil boom, people who came to earn, save, and return home. That view is changing. Today they are recognized as key…
Australian data center operator AirTrunk is preparing to set up its next major facility in India as demand for digital infrastructure accelerates with the global rise of artificial intelligence. Founder and Chief Executive Officer Robin Khuda said the plans for India are already at an advanced stage, highlighting the country’s large, digitally active population as a key advantage. AirTrunk, which was acquired by Blackstone in 2024 for about 24 billion Australian dollars, is expanding its presence across Asia as investors continue to pour money into AI-related technologies such as ChatGPT. The company recently completed a 16 billion Australian dollar refinancing…
India and Vietnam reaffirmed their commitment to deepen defence and shipbuilding ties during Defence Secretary Rajesh Kumar Singh’s visit to Hanoi for the 15th India–Vietnam Defence Policy Dialogue. During his visit, Singh toured the Hong Ha Shipyard and met Major General Pham Thanh Khiet, Deputy Director and Chief of Staff of the General Department of Defence Intelligence and Director of the shipyard. The two sides discussed ways to boost collaboration in defence manufacturing and shipbuilding. Singh highlighted India’s growing capabilities under the Make in India, Make for the World initiative. Earlier in the week, Singh met Vietnam’s Minister of National…
Lulu Retail Holdings plans to expand its presence across the Gulf by opening 50 new outlets over the next three years, with an even split between the UAE, Saudi Arabia and other GCC markets. The region’s largest full line retailer reported a 7.5 percent rise in net profit to 163 million dollars for the first nine months of 2025. Revenue for the same period grew 4.7 percent year on year to 6 billion dollars, while EBITDA increased 5.5 percent to 598 million dollars. Lulu opened six new stores in the third quarter and 13 in the first nine months of…
Cochin Shipyard Ltd., the state-owned shipbuilder, saw its shares drop up to 8% on Thursday, November 13, following the release of its September quarter results after market hours on Wednesday. The company reported revenue of ₹951 crore, down 13% from last year, missing expectations from brokerages like Kotak, which had anticipated a 10% increase. EBITDA fell sharply to ₹56 crore, a 71% decline from ₹196 crore a year ago, with margins sliding to 5.9% from 17.87%. Kotak had projected a 12% EBITDA growth. The decline was driven by higher subcontracting costs and provisions. Provisions surged fourfold to ₹21 crore compared…