Sajjan Jindal-led JSW EnergyBSE 0.39 % is diversifying into electric car manufacturing and aims to roll out its first such vehicle by 2020. For this, the Mumbai-headquartered group has earmarked Rs 3,500-4,000 crore as capital expenditure to be spread over three years, according to Prashant Jain, its chief executive officer.Group will manufacture electric vehicles, electrical […]

Country’s largest carmaker Maruti Suzuki India has said policy stability and predictability are important to nurture industry ecosystem as business environment is becoming more and more uncertain. While the “fast changing regulations have also created a dynamic business environment”, Maruti Suzuki India MD and CEO Kenichi Ayukawa said, “the auto industry is a policy sensitive […]

Indian insurance companies are lagging their global counterparts in increasing investment in digital technologies and will need to adopt technology required to launch products that meet customer needs, a study by industry chamber CII said on Sunday. “Global average investment in digital technologies is increasing over the years, while the insurance industry in India is […]

Realty major DLF’s promoters are likely to enter into an agreement this month with Singapore’s sovereign wealth fund GIC to sell their 40 per cent stake in the rental arm in a deal estimated at around Rs. 13,000 crore. In October 2015, DLF had announced that its promoters would sell their entire stake in the […]

Messaging platform Hike Messenger has acquired Bengaluru-based technology start-up Creo. The company did not disclose the size of the deal but said that it has acqui- hired its team of 50 employees. Creo was founded by Sai Srinivas Kiran G, and Shubham Malhotra in December 2013 by former Hike employees. “The Creo team will begin […]