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 23 May 2025 04:11 PM   EconomicTimes

Kia reveals price for new Carens Clavis: Check features, colours, starting price and other details

Kia India introduced the new Kia Carens Clavis for Indian families on Friday. The car features a digital tiger face, LED lighting, and 17-inch alloy wheels. The interiors include spacious seating, a dual panoramic display, and ambient lighting. It has Level 2 ADAS and multiple safety features. The Carens Clavis offers petrol and diesel engine options with automatic transmissions.

 23 May 2025 04:02 PM   EconomicTimes

Birla Opus becomes second-largest decorative paints player in India by capacity

Grasim Industries' Birla Opus has rapidly ascended to the second position in India's decorative paints industry by installed capacity, reaching 1,096 MLPA. Fueled by the launch of its Mahad plant and with a new facility in Kharagpur on the horizon, Birla Opus is challenging market leader Asian Paints.

 23 May 2025 03:50 PM   EconomicTimes

Bihar's Chanakya National Law University inks pact with Leicester University

Chanakya National Law University (CNLU), Patna, has partnered with the University of Leicester, UK, enabling CNLU graduates to pursue LLM studies at Leicester with a 30% fee concession.

 23 May 2025 03:35 PM   EconomicTimes

PNC Infratech completes stake sale in 10 road assets

PNC Infratech has finalized the sale of its stake in 10 road assets to Highways Infrastructure Trust (HIT), an Infrastructure Investment Trust. This divestment includes projects across multiple states and aligns with PNC Infratech's strategy to reinvest capital from operating road assets into new infrastructure opportunities. The initial agreement in January 2024 involved divesting 12 road assets in two tranches.

 23 May 2025 03:25 PM   EconomicTimes

Big jump in coconut oil prices hits Indian households

Coconut oil prices in India have surged, with Marico and Dabur raising prices by nearly 40% due to a 40-50% spike in copra costs. Marico, holding over 50% of the market, anticipates stable commodity prices ahead. Globally, coconut oil prices have hit record highs, driven by poor weather in Southeast Asia.

 23 May 2025 03:17 PM   EconomicTimes

De Beers pushes for zero-tariff entry of cut and polished Indian diamonds into US

De Beers is collaborating with the Indian government to eliminate tariffs on diamonds entering the U.S. after being processed in India, aiming for a deal before July 9. CEO Al Cook emphasizes India's vital role in diamond exports and the growing domestic demand, projecting the Indian natural diamond market to double by 2030, driven by unique value proposition.

 23 May 2025 02:37 PM   EconomicTimes

Vedanta to invest Rs 30,000 crore in Northeast in oil & gas, critical minerals and other sectors

Vedanta Group is set to invest Rs 30,000 crore in Northeast India, expanding its commitment to the region's development. This investment will span across Arunachal Pradesh, Nagaland, Tripura, Meghalaya, and Mizoram, focusing on sectors like oil and gas, critical minerals, and renewable energy. The initiative aims to generate one lakh jobs and boost socio-economic growth.

 23 May 2025 02:35 PM   EconomicTimes

Hybrid vehicles complementing growth of EVs in India: HSBC report

A recent HSBC Global Research report indicates that hybrid vehicles are boosting, not hindering, electric vehicle sales in India. The study highlights that both Strong Hybrid Electric Vehicles (SHEVs) and Battery Electric Vehicles (BEVs) attract distinct customer bases. Incentives for SHEVs in states like Uttar Pradesh have correlated with strong BEV sales growth.

 23 May 2025 02:20 PM   EconomicTimes

Alembic Pharma gets USFDA nod for generic high blood pressure treatment drug

Alembic Pharmaceuticals announced that it has secured final approval from the USFDA for its generic amlodipine and atorvastatin tablets, used for treating hypertension. The approval covers multiple strengths of the tablets, therapeutically equivalent to Pharmacia and Upjohn Co LLC's Caduet. With this approval, Alembic now has a cumulative total of 223 ANDA approvals from the USFDA.

 23 May 2025 01:35 PM   EconomicTimes

Ola Electric starts deliveries of electric motorcycles under Roadster X portfolio

Ola Electric starts delivering its Roadster X motorcycles. The series includes multiple variants with different battery capacities and ranges. Prices begin at Rs 99,999. The top-end model offers a 501 km range. Bhavish Aggarwal highlights the bike's Indian design and future-oriented appeal. Early buyers get benefits worth Rs 10,000. This move aims to boost EV adoption in the two-wheeler market.

 23 May 2025 01:30 PM   EconomicTimes

New York Life Insurance Company to invest Rs 550 crore across two projects of Max Estates in Noida

New York Life Insurance Company will invest Rs 550 crore in two Max Estates projects in Noida. Max Estates anticipates pre-sales of Rs 6,000-6,500 crore in FY26. The company plans to launch projects with a gross development value of Rs 14,000 crore in FY26 and FY27. Max Estates received approval for the 'Delhi One' project.

 23 May 2025 01:24 PM   EconomicTimes

Air India launches major summer sale with fares from Rs 1,199 on domestic routes; Rs 11,969 abroad

Air India has announced a major pre-summer sale, offering significantly reduced fares on both domestic and international routes. One-way domestic tickets start at Rs 1,199, while international round trips begin at Rs 11,969. The sale, ending May 25, 2025, features travel dates extending to September 30 for most destinations and December 10 for select long-haul routes.

 23 May 2025 01:22 PM   EconomicTimes

ED searches premises of Jaypee Infratech, Gaursons, and others in Rs 12,000 crore fraud case

ED has raided 15 locations in Delhi-NCR, Mumbai in Rs 12,000 crore Jaypee Infratech fraud case. Probe targets fund diversion affecting homebuyers and investors linked to Jaypee, Gaursons, Gulshan, Mahagun, Suraksha Realty.

 23 May 2025 01:22 PM   EconomicTimes

ED searches premises of Jaypee Infratech, Gaursons, and others in ₹12,000 cr fraud case

ED has raided 15 locations in Delhi-NCR, Mumbai in Rs 12,000 crore Jaypee Infratech fraud case. Probe targets fund diversion affecting homebuyers and investors linked to Jaypee, Gaursons, Gulshan, Mahagun, Suraksha Realty.

 23 May 2025 01:22 PM   EconomicTimes

ED searches premises of Jaypee, Gaursons, and others in ₹12,000 cr fraud case

ED has raided 15 locations in Delhi-NCR, Mumbai in Rs 12,000 crore Jaypee Infratech fraud case. Probe targets fund diversion affecting homebuyers and investors linked to Jaypee, Gaursons, Gulshan, Mahagun, Suraksha Realty.

 23 May 2025 01:22 PM   EconomicTimes

ED searches Jaypee Associates and its associated entities over Rs 12,000 cr fraud impacting homebuyers and investors

ED has raided 15 locations in Delhi-NCR, Mumbai in Rs 12,000 crore Jaypee Infratech fraud case. Probe targets fund diversion affecting homebuyers and investors linked to Jaypee, Gaursons, Gulshan, Mahagun, Suraksha Realty.

 23 May 2025 12:41 PM   EconomicTimes

Blackstone, Embassy entities Infuse Rs 1,060 cr into Embassy Developments

Embassy Developments received a Rs 1,060 crore investment from Blackstone and its promoter group, Bellanza Developers, through warrant conversion into equity shares. This infusion strengthens the company's capital base and reflects confidence in its growth strategy. The funds will support upcoming project launches across 7.7 million sq ft, valued at over Rs 15,000 crore.