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Aditya Birla Group seen as front-runner in $1.7-billion-plus deal for Shell’s Sprng Energy: report
Aditya Birla Group has emerged as front runner to buy Shells Indian renewable platform Sprng Energy for over $1.7 billion, edging KKR, though talks remain ongoing and non-binding.
Renault India May sales up 64% at 4,113 units
Renault India saw a significant jump in sales in May 2026. Domestic wholesales rose by 64.4 percent. This growth highlights Renault's commitment to the Indian market. The company continues to focus on customer-centric products. Renault was among the few passenger vehicle makers with positive retail sales growth in India that month.
Quitting BJP? Annamalai Refuses Rajya Sabha Seat, Weighs Launching New Party, Says Report
File image of former BJP Tamil Nadu chief K Annamalai
ED arrests realty businessman Vikram Wadhwa in Rs 645 crore IDFC First Bank fraud case
Real estate businessman Vikram Wadhwa has been arrested by the Enforcement Directorate. The arrest is linked to an alleged Rs 645 crore fraud. The investigation involves accounts maintained with IDFC First Bank. Funds were allegedly siphoned from government and school accounts. Wadhwa is considered a key accused in the conspiracy. The ED is tracing the flow of these funds.
Monsoon Delayed: IMD Projects Kerala Onset In 2-3 Days; Sees Pre-Season Rains In Maharashtra This Week
Very heavy rainfall is forecast over Kerala and Mahe between June 3 and June 7, while isolated heavy rainfall is expected over Tamil Nadu, Karnataka, Andhra Pradesh and Lakshadweep.
Hyundai reports fire incident at supplier's facility
Hyundai Motor India announced that a fire incident occurred at one of the manufacturing facilities of the company's supplier i.e. Mobis India (Mobis) at Irrungattukottai, Kancheepuram District of Tamil Nadu in the late afternoon of 31 May 2026. No fatality has been reported.
AI could create more opportunities for Indian IT firms, not fewer: BofA’s Kunal Tayal
Kunal Tayal, Senior Analyst-IT, Real Estate at BofA Global Research believes AI adoption is moving beyond coding into business processes, opening fresh demand for IT services, engineering and analytics firms.
Shree Rajeshwaranand Paper Mills reports standalone net loss of Rs 0.14 crore in the March 2026 quarter
Reported sales nil
India remains a compelling investment destination, says BofA's Vikram Sahu
Vikram Sahu, India CEO and Country Executive at Bank of America, remains optimistic about the increasing participation of domestic investors in the equity market. He believes that higher incomes, broader access to financial products and a steady shift of household savings towards equities will continue to drive strong inflows into Indian markets over the long term.
Puravankara Bengaluru housing project: Realty firm signs joint development agreement for Rs 1,100 Crore at Doddagubbi
Realty firm Puravankara Ltd has entered into an agreement with a landowner to develop a large housing project in Bengaluru. The project, spread across 11 acres, is expected to generate revenue of Rs 1,100 crore. This development signifies a significant expansion for the company in the Bengaluru real estate market. Puravankara has a substantial land bank and ongoing projects across multiple cities.
Hyundai Flags Temporary Production Disruption After Fire At Supplier Mobis' Tamil Nadu Plant
The affected facility supplies audio components and certain other automotive parts to Hyundai.
Indian firms line up for US tariff refunds amid looming legal challenge
Indian exporters including Ceat, Balkrishna, CNH India and Gokaldas are seeking refunds of Trump-era reciprocal tariffs after US courts ruled them illegal. However, uncertainty over eligibility, timelines and the administration's appeal has left companies awaiting clarity on potential recoveries.