NEWS
Ford cancels $6.5 billion battery deal with LGES amid massive EV strategy reset
By Cygnus | 17 Dec 2025
Ford cancels $6.5B battery deal with LGES and takes a $19.5B write-down. Automaker pivots to "EREV" trucks with 700 mile range, citing EU policy shifts and weak EV demand.
Tesla opens its first charging station in Gurugram, expands India EV footprint
By Axel Miller | 17 Dec 2025
Tesla opens first Supercharger station in Gurugram with V4 fast chargers; expands India network to 3 locations to support EV ecosystem.
Vedanta Aluminium expands Lanjigarh refinery to 5 MTPA, boosts India’s global rank
By Axel Miller | 17 Dec 2025
Vedanta expands Lanjigarh refinery to 5 MTPA, pushing India to become the world’s 3rd largest alumina producer. November output hits record high.
Larsen & Toubro wins large orders for Omkareshwar museum and FIFA stadium
By Cygnus | 17 Dec 2025
L&T bags large orders worth ₹2,500-5,000 crore for Omkareshwar museum, FIFA stadium in Assam, and Mumbai luxury towers.
ACME Solar commissions 52 MW of Gujarat wind project; shares rise
By Axel Miller | 17 Dec 2025
ACME Solar commissions 52 MW of 100 MW wind project in Gujarat, appoints new supply chain chief; stock rises 1.36% to ₹234.06.
Ola Electric founder clears ₹260 crore debt via stake sale; stock hits record low
By Cygnus | 17 Dec 2025
Ola Electric CEO Bhavish Aggarwal sells stake to clear ₹260 crore promoter debt; stock hits record low of ₹32.68 despite pledge release.
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ITC gets CCI nod for Rs3,498-cr acquisition of Aditya Birla Group’s paper and pulp manufacturing business
By Unnikrishnan | 17 Dec 2025
CCI approves ITC’s ₹3,498-crore acquisition of Aditya Birla’s paper and pulp business. ITC expands its market lead while ABREL shifts focus to real estate.
IndiGo overtakes Air India Group in international traffic after six-year gap
By Axel Miller | 17 Dec 2025
IndiGo overtakes Air India Group in international passenger traffic in Q3 2025, carrying 4.14 million passengers despite domestic operational challenges.
MUFG to bet big on India with $4 billion stake in Shriram Finance
By Cygnus | 17 Dec 2025
Japan’s MUFG to invest $4 billion for 20% stake in India’s Shriram Finance, marking a major push into Indian retail lending.
India giving shape to world’s largest co-operative foodgrain storage system
By Unnikrishnan | 17 Dec 2025
India’s 2025 Grain Plan: PACS get 33.33% subsidies & 1% interest to build the world's largest storage. Decentralized hubs reduce losses and boost rural jobs.
Volkswagen closes historic Dresden plant, rebrands site as AI research hub
By Axel Miller | 17 Dec 2025
Volkswagen ends production at Dresden ‘Transparent Factory’ after 24 years; site to become AI research hub amid historic restructuring.
Amazon discussing $10 billion OpenAI stake as AI valuation targets $500 billion
By Cygnus | 17 Dec 2025
Amazon in talks for $10 billion OpenAI investment, eyeing $500 billion valuation and strategic cloud partnership to rival Microsoft.
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