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Maruti Suzuki to Invest ₹74.1 Billion in Third Haryana Plant

By Uniquetimesorg March 26, 2025 0

India’s leading carmaker, Maruti Suzuki, has announced an investment of ₹74.1 billion (approximately $864 million) to establish a third manufacturing plant in Haryana. The new facility will boost the company’s production capacity in the state to 750,000 units per year by 2029, further strengthening its foothold in India’s automotive sector. Currently, Continue Reading

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India Orders Samsung to Pay $601 Million Over Import Tariff Evasion

By Uniquetimesorg March 25, 2025 0

India has ordered Samsung and its executives to pay $601 million in back taxes and penalties for allegedly dodging tariffs on telecom equipment imports. The dispute centers on the “Remote Radio Head,” a critical component used in 4G telecom systems, which officials claim should have been subject to a 10% or 20% duty. A government […]Continue Reading

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India Rejects Volkswagen’s Plea to Quash $1.4 Billion Tax Demand

By Uniquetimesorg March 24, 2025 0

India’s government has urged a Mumbai court to reject Volkswagen’s request to quash a $1.4 billion tax bill, warning of “catastrophic consequences” if the automaker’s argument is accepted. The case, stemming from a 12-year review of Volkswagen’s imports, has raised concerns among foreign investors about prolonged investigations. Continue Reading

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India’s Antitrust Raids on Media Buying Agencies Triggered by Leniency Tip-offs

By Uniquetimesorg March 22, 2025 0

India’s Competition Commission (CCI) conducted raids this week on the local offices of WPP-owned GroupM, Interpublic, Publicis, and Dentsu, along with the Indian Broadcasting and Digital Foundation (IBDF), over suspected collusion on ad pricing and discounts. The investigation was initiated under the CCI’s leniency program, which grants penalty waivers to companies that Continue Reading

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Manappuram Finance Shares Surge 6% as Bain Capital Invests $508 Million

By Uniquetimesorg March 21, 2025 0

Shares of Manappuram Finance surged 6.3% to a record high of ₹231.08 on Friday after U.S. private equity firm Bain Capital announced plans to acquire an 18% stake in the gold loan provider for $508 million. The investment, priced at ₹236 per share, represents a 9% premium over Thursday’s closing price. Analysts believe this move […]Continue Reading

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Gautam Adani in Advanced Talks to Acquire Emaar India for $1.4 Billion

By Uniquetimesorg March 20, 2025 0

Billionaire Gautam Adani is in advanced discussions to acquire the Indian unit of Dubai-based developer Emaar Group in a deal valued at approximately $1.4 billion. Sources familiar with the matter revealed that an unlisted Adani unit may inject around $400 million in equity as part of the transaction. While the deal is expected to be […]Continue Reading

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Indian Markets Stay Cautious Ahead of Fed Decision; Metals and Financials Lead Gains

By Uniquetimesorg March 19, 2025 0

India’s benchmark indexes remained subdued in early trade on Wednesday, tracking cautious sentiment in Asian markets ahead of the U.S. Federal Reserve’s policy decision. The NSE Nifty 50 rose 0.13% to 22,862.85, while the BSE Sensex edged up 0.11% to 75,381.52 by 10:14 a.m. IST. Investors globally awaited the Fed’s commentary on the economic outlook […]Continue Reading

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Air India CEO Warns of Prolonged Aircraft Shortages Amid Delivery Delays

By Uniquetimesorg March 18, 2025 0

Air India CEO Campbell Wilson has cautioned that the ongoing global aircraft shortage, caused by supply chain disruptions at Boeing and Airbus, will likely persist for another four to five years. Speaking at a Skift event, Wilson highlighted challenges in acquiring narrowbody jet engines, premium-class seats, and aircraft fuselage components, all of which have hampered Continue Reading

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SBI Defers Bond Issuance Amid High Yields, Plans to Reassess in Next Fiscal Year

By Uniquetimesorg March 17, 2025 0

State Bank of India (SBI), the country’s largest lender by assets, has decided to shelve its plan to raise up to ₹150 billion through bond sales this fiscal year, sources familiar with the matter said. The bank had intended to tap the market before March but has held back due to persistently high bond yields, […]Continue Reading

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Skoda Auto Eyes India for EV Expansion Amid Volkswagen’s Tax Dispute

By Uniquetimesorg March 15, 2025 0

Czech carmaker Skoda Auto is gearing up to manufacture electric vehicles in India, with plans to invest independently if its search for a local partner proves unsuccessful. CEO Klaus Zellmer emphasized India’s strategic importance, highlighting its potential as a key market for expansion beyond Europe. Skoda has already signed an initial agreement with the Maharashtra […]Continue Reading