Uber will buy Germany’s Delivery Hero for $14.8 billion. This creates the largest food delivery group outside China. The acquisition helps Uber compete with rivals like Just Eat. Uber expects the transaction to finish in the second half of next year. Together, both companies will nearly double their market presence.
New fuel efficiency rules may reward various fuel-saving technologies. Manufacturers can earn compliance benefits for technologies like start-stop systems. These approved technologies will offer credits equivalent to grams of CO2 per kilometer. This framework encourages wider deployment of features across mass-market vehicles. The draft also strengthens the case for flex-fuel vehicles with renewable fuel incentives.
JSW MG Motor India is increasing its focus on new-energy vehicles this year. Higher fuel costs and awareness of savings are driving EV adoption significantly. The company expects new-energy vehicles to comprise eighty percent of its total sales. MG will introduce its first plug-in hybrid later this financial year. This new platform supports various new
The government plans new tools to boost liquidity for micro, small, and medium enterprises. Amendments to the MSME Development Act will be moved in Parliament soon. These changes aim to remove business hurdles and improve cash flow for these crucial companies. A new online dispute resolution mechanism will also be introduced for faster payment recovery.
RBI has barred defaulting borrowers from repurchasing seized properties. New directions effective October 1, 2026, tighten norms for stressed accounts. Banks must adopt board-approved policies for asset recognition and recovery efforts. Assets must be disposed of through public auctions within seven years. Seized assets will be disclosed separately and not included in NPA ratios.
Works on a model of larger, milestone-linked funding
India’s first hydrogen-powered train is ready for launch! Marking a major milestone for Indian Railways, the country’s first hydrogen will be flagged off by Prime Minister Narendra Modi on July 17. This is the first time that India is introducing a train that produces its own electricity onboard using hydrogen, which is widely regarded as
