Gujarat to set up Indian AI Research Organisation at GIFT City, gets Patel’s nod| Business News

AHMEDABAD: The Indian AI Research Organisation (IAIRO) will be established in Gujarat’s GIFT City through a public-private partnership among the Gujarat government, the Union government, and the Indian Pharmaceutical Alliance, the state government said in a statement. Gujarat Chief Minister Bhupendra Patel (@BJP4Gujarat) Chief minister Bhupendra Patel granted in-principle approval for the project on Tuesday […]

Mexico tariff on India is set to hit $1-billion car exports, VW seen most exposed| Business News

Mexico’s decision to raise tariffs on India is set to impact $1 billion car exports from the world’s third largest car market, including those by Volkswagen Group AG and Hyundai Motor Co., despite the industry lobbying against such a move. Škoda Auto Volkswagen India Pvt. Ltd., a wholly owned subsidiary of Germany’s Volkswagen Group, accounts […]

Delhi set to get a houseboat-style convention centre at Baansera

The Delhi Development Authority (DDA) is preparing to float tenders for a four-storey “house-boat convention centre” which people can book in order to host meetings, conferences and dining events, officials aware of the plan said on Thursday. Located at Baansera, the convention centre will feature intricate handmade woodwork. (HT photo) The “convention facility” is being […]

Finnish space tech firm ReOrbit eyes India expansion, set to hire local talent| Business News

Helsinki: The European space technology firm, ReOrbit, founded by India-born Swedish citizen Sethu Saveda Suvanam, is all set to scale up its operations globally with one key expansion region being India, the company said. The development comes after ReOrbit bagged €45 million in the largest all-equity Series A round in Finland. ReOrbit founder and CEO […]

Noida office leasing likely to touch 4.7 million sq ft by year-end as airport nears completion; GCCs set to lead demand

The opening of Noida International Airport is expected to further accelerate momentum in the city’s office leasing market. Between January and September 2025, Noida recorded 3.3 million sq ft of gross leasing, with activity projected to reach 4.7 million sq ft by year-end, a report by Cushman & Wakefield has said. The opening of Noida […]

Meesho eyes $6-billion valuation in IPO set for early December launch| Business News

Meesho Ltd. is seeking a valuation of about ₹53,000 crore (about $6 billion) in its IPO scheduled for early December, joining a growing list of firms tapping into India’s booming IPO market. Meesho generated ₹1,032 crore in free cash flow in the fiscal ended 31 March 2025—the highest among listed e-commerce firms in India. (AI […]

After mutual funds, Mahindra and Manulife to set up life insurance JV in India| Business News

Mahindra & Mahindra Ltd. and Manulife have agreed to set up a life insurance joint venture in India, five years after they got together to sell mutual funds in the world’s fourth largest stock market. Mahindra Group CEO Anish Shah. Mahindra and Manulife have committed to invest ₹3,600 crore each in the life-insurance JV, with […]

Greater Noida: Work set to begin soon on multi-modal logistics hub

GREATER NOIDA: The Integrated Industrial Township Greater Noida Limited (IITGNL) has started the process to commence work on Multi-Model Logistics Hub (MMLH) at the city’s Bodaki region near Dadri by issuing on Friday a tender crucial to finalise an expert agency for the project, officials said, adding that applicants started submitting their bid on Sunday. […]