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Paytm: Paytm Payments Bank and Paytm to discontinue inter company agreements amid regulatory scrutiny

Paytm Payments Bank has been instructed by the Reserve Bank of India to halt its basic banking services from March 16. Earlier this week, on Monday, Vijay Shekhar Sharma - the founder of Paytm - announced his resignation from the board of Payments Bank, which replaced its directors with new inductees, mostly from the banking and bureaucratic fraternity.

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India semiconductor: Semiconductor units will strengthen India's transformative journey for tech self-reliance: PM Modi

Prime Minister Narendra Modi announced that the approval of three semiconductor units, including a mega fab by Tata Group, by the Union Cabinet will strengthen India's technological self-reliance and position the country as a global hub in chip manufacturing. The government is providing incentives of up to Rs 76,000 crore to boost semiconductor production, crucial for electronic devices in sectors such as defense, automobiles, and telecommunications.

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Saranda forest: Delhi HC rejects ArcelorMittal's plea for mining lease in Saranda forest

The Delhi High Court dismissed ArcelorMittal India's petition for a mining lease in Jharkhand's Saranda forest division. The court found that the approval granted by the Centre in 2007 and 2008 was conditional and no mining lease could be executed without meeting certain pre-conditions. The company had filed an application for a mining lease in 2007 for iron and manganese ore in Meghahatuburu Taluka, Karampada Reserve Forest.

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China Plus One: Auto industry to invest $7 bn in 5 years to deepen parts localisation

The Indian auto industry is set to invest up to $7 billion by FY28 to deepen localisation of advanced components, including electric motors and automatic transmissions, to reduce imports and capitalize on multinationals' 'China Plus One' sourcing strategy. The Automotive Component Manufacturers Association (ACMA) reports that automakers and suppliers are likely to make this investment between FY24 and FY28.

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JSW Steel incorporates subsidiary for hot, cold-rolled steel products

JSW Green Steel Ltd has now become its wholly-owned subsidiary, the company said. "The new entity has been incorporated for manufacturing of hot-rolled and cold-rolled products of steel, which is in line with the main line of business of the company," JSW Steel said.

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Allcargo Group: Allcargo co to sell Haryana logistics park for Rs 636 cr

Allcargo Group: Allcargo co to sell Haryana logistics park for Rs 636 cr
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Bridgwater: Tata's UK electric car battery plant to be in Bridgwater

Tata Group unveiled plans for a £4 billion battery factory in Bridgwater, UK, its first gigafactory outside India. Located at the Gravity Smart Campus in Somerset, the 40 GWh plant will be among Europe's largest battery-cell manufacturing sites. It is expected to create up to 4,000 green-tech jobs directly, with many more indirectly. The factory, set to start production in 2026, will initially supply batteries to Jaguar Land Rover and Tata Motors, contributing to Britain's shift towards electric mobility.

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workspace interior: OfficeBanao and 91Squarefeet see boom in business from Tier-2 cities for office interiors

Small-town entrepreneurs are increasingly investing in modern office interiors, leading to a surge in demand for workspace interior companies. Local businesses in cities like Jaipur, Panchkula, and Sonipat are renovating their offices with modern designs, open chambers, and collaboration areas. Startups like OfficeBanao and 91Squarefeet are catering to this demand, offering services for commercial interiors in tier-2 cities. This trend is driven by the ambition of small-town business owners, who seek quality office interiors to enhance productivity and competitiveness.

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Renault wins Car of the Year, unveils new EV at Geneva auto show

Renault unveiled a new electric vehicle on Monday and its Scenic model won the Car of the Year award at the first Geneva auto show since 2019, giving a boost to the French automaker's electrification plans. The Renault Scenic, an electric SUV popular with families, won the coveted Car of the Year prize, the French group's first since 2006.

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JSW Energy gets 700 MW solar project from SJVN

JSW Energy has won a 700 MW solar project from SJVN, increasing its total capacity to 11 GW. The project, secured by subsidiary JSW Neo Energy, is part of a tariff-based competitive bid for setting up 1,500 MW ISTS-connected solar power projects. The company aims to achieve 9.8 GW operational generation capacity by 2024 and reduce its carbon footprint by 50% by 2030.

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