According to a report in The Economic Times (ET), industrialist Sajjan Jindal intends to acquire stock in MG Motor India. The Chinese automaker SAIC Motor owns 100% of the subsidiary MG Motor India. According to the article, the joint venture will not have any impact on the listed companies of the Jindal group: JSW Steel and JSW Energy.

Oil prices witnessed a modest resurgence on Tuesday, propelled by opportunistic buying in response to the previous day’s decline. However, the extent of the gains was limited as investors maintained a prudent stance, considering the forthcoming policy determinations from central banks and lackluster economic indicators from China. Brent crude futures advanced by 1.1% to reach $72.64 per barrel, while U.S. West Texas Intermediate (WTI) crude recorded a 0.8% increase, reaching $67.64 per barrel.

Blue Dart Logistics names Sudha Pai as CFO for Blue Dart Express Ltd. and V N Iyer as Group CFO. Iyer brings expertise in aviation finance, while Pai is a qualified cost accountant. The appointments aim to enhance financial leadership and drive strategic objectives in a digital world.

Egypt’s Supply Minister, Ali Moselhy, clarified that there is no existing credit line with India, contrary to earlier reports by Bloomberg News. However, discussions are underway to explore the possibility of using Local currencies other than the US dollar for payments regarding imports. In addition to India, similar conversations are taking place with Russia and China.

Toyota Motor stated it would implement high-performance, solid-state batteries as well as other technologies to increase the efficiency and performance of its electric vehicles while lowering their price.

The Japanese automaker Toyota Motor declared that it plans to introduce next-generation batteries starting in 2026, hoping to win over buyers with cars that have greater driving ranges and faster charging periods.

For over a decade, the pharmaceutical industry in India has faced growing concerns regarding the quality and safety of its medicines, both domestically and internationally. This issue is particularly alarming as India’s pharmaceutical sector is a significant contributor to the country’s economy and a major supplier of generic medicines to the global market. In this article, we will delve into the pressing need for improved regulatory standards and enhanced accountability within India’s pharmaceutical industry, emphasizing the detrimental consequences of substandard medicines on patients worldwide.

According to a statement from the Saudi state news agency, the Saudi Arabian government has agreed to a $5.6 billion partnership with Chinese electric vehicle manufacturer Human Horizons to work together on the design, production, and marketing of automobiles.

“Billionaire George Soros entrusts his $25 billion empire to son Alex, highlighting a potentially influential role in US elections. The 92-year-old philanthropist, known for his significant donations to Democratic causes, addresses concerns over a potential return of Donald Trump. Soros’ decision sparks intrigue and speculation about the future of his vast financial and political influence.”

The company said in a statement that the London office, which will open later this year, will engage with institutions in the UK and assist the development of blockchain technology and entrepreneurs. It will be overseen by one of the firm’s general partners, Sriram Krishnan.

With the low visibility of Ev charging stations in India, the Centre has developed a master application to locate the remote stations.

Swedish furniture giant IKEA is set to make India its priority market as it invites its investment arm, Ingka Investments, to establish a presence in the country. This move demonstrates IKEA’s commitment to expanding its operations in India and aligns with Ingka’s plans to finalize the second phase of expansion in the country this year.

For the 2023-24 marketing season, the Indian government raised the minimum support price (MSP) for cotton by around 9% year on year. Cotton prices, which have plunged by more than